BlastUP ($BLP) is a prominent launchpad platform that is revolutionizing how new projects raise funds. It operates within the Blast ecosystem and offers a decentralized and secure environment for project teams and investors. The platform recently conducted a presale for its native $BLP tokens, raising nearly $6 million in just a few weeks, highlighting strong community interest and support.
Blast is a Layer-2 network built on top of Ethereum to facilitate faster and cheaper transactions with high scalability. It has gained popularity as the sixth-largest chain in terms of total value locked in decentralized applications (dAppTVL) and the second-largest Layer-2 network by TVL. Blast achieved a significant milestone by reaching 1 billion TVL in just 35 days and offering native yields of 4% on ETH and 5% on stablecoins like USDC, USDT, and DAI, attracting more users to create dApps and projects on its platform.
BlastUP empowers new projects to launch easily on its platform by connecting project creators with potential investors. The platform meticulously evaluates each project and monitors its performance post-launch to prevent potential scams. It also assists new projects in preparing their documents and developing a tokenomics model for fundraising. BlastUP has received an ‘A’ grade and a high score of 82+ from Certik, placing it in the top 10% of projects on Certik’s list, and has also been approved by Assure DeFi for identity checks.
The platform’s launchpad is already live and has successfully completed its first Initial DEX Offering (IDO) for a project called Cybro, which raised $140,000 in its presale available exclusively for $BLP token holders. Holding $BLP tokens provides access to special IDO launches and staking rewards. By staking $BLP tokens for varying durations, users can earn rewards and secure spots in BlastUP IDOs, with staking amounts determining their IDO tier and token allocations.
Supporters of the project can earn ‘Booster Points’ through the BlastUP referral program, $BLP presale participation, referrals, and community tasks. Accruing 1000 or more Booster Points allows entry into raffles to win Blastboxes containing prizes like NFTs, ETH/USDB, and tokens. BlastUp plans to introduce staking programs, launch an NFT collection, and utilize AI for IDO selection in the future. The ongoing $BLP presale will end on 31 May, with early buyers able to purchase tokens at a discounted price before the next stage.
As the platform approaches its $6 million milestone, it continues to attract interest from the community. Interested individuals can stay updated on BlastUP’s latest presale developments by following the platform on X (formerly Twitter) and joining its Telegram channel. With its innovative approach to supporting new projects and rewarding investors, BlastUP is poised to make a significant impact in the decentralized finance (DeFi) space.
