BLASTUP Lands on Bitget and MEXC: Is This Rapidly Mounting Success Real or Too Good to Be True?

BlastUP's Rapid Rise: $8M in 90 Days & Bold 2024 Plans

In the dizzying world of Web3, startups are on a never-ending quest to raise capital and make a splash in the crypto ocean. For this reason, there are projects such as BlastUP, that guide these ventures, ensuring that their ships stay afloat amidst the choppy waves of fundraising. 

Earlier, Coin Gabbar reported about BlastUP as one of Web3 projects leveraging AI technology; however, with the recent TGE and listing of $BLASTUP on Bitget and MEXC, it's imperative to delve deeper into the platform's services and offerings.

So, what does BlastUP offer beyond helping teams raise capital?

How Come BlastUP Blasted Off with 8 Million Dollars in Slightly Over 90 Days? 

Proving their own efficacy in attracting capital, BlastUP achieved an impressive $8 million in presale funds within a short span of 3.5 months, serving as a case study of their own expertise in community engagement and effective fundraising.

Starting from scratch, this premier launchpad built on the Blast blockchain has rapidly amassed a robust community of nearly 20,000 dedicated holders and almost 100,000 followers on X, earning an impressive reputation in over 100 media outlets.

Despite numerous instances of projects successfully raising funds and then seemingly disappearing without a trace, BlastUP's post-presale activity is worth examining. So, what has BlastUP accomplished since their stunning presale conclusion on May 31st? 

BlastUP’s First Half of 2024

In the initial six months of 2024, BlastUP focused on a robust and varied growth strategy, introducing a range of initiatives that included:

• a Community Incentives program (CIP), 

• the deployment and audit of the $BLASTUP token, 

• the launch of the BlastBoxes V1 and V2, 

• IDO farming and staking programs, 

• airdrop season 1, 

• TGE, 

• and listing on Bitget and MEXC.

Both Bitget and MEXC opened BLASTUP/USDT trading on August 20, allowing tens of millions of users worldwide to effectively buy and sell $BLASTUP. This can significantly increase liquidity for the token and attract even more participants to the market. Notably, the BlastUP team allocated 80,000 tokens, representing almost 11.5% of the total $BLASTUP supply, to maintain liquidity, with all these tokens being unlocked immediately during the TGE.

Moreover, $BLASTUP’s debut on two big CEXs enhances its credibility and improves the price discovery process – all while cultivating investor demand and positive market sentiment. 

Beyond its recent developments, BlastUP also successfully launched three initial DEX offerings (IDOs) for Playtoo, a play-to-earn Web3 game store, Petobots, Web3 gaming platform, and CYBRO, an AI-based yield aggregator platform, raising a cumulative total of $275,000, and with two more IDOs, OneClick.fi and GPT360, scheduled for launch in the near future. 

BlastUP ensures that only the most promising projects make it onto their platform through a rigorous vetting process. Additionally, the team provides support to projects during their launch, including assistance with tokenomics and documentation, allowing projects to focus on development. 

The platform offers fair distribution, where $BLASTUP token holders are guaranteed a reserved allocation for upcoming IDOs based on the number of staked tokens they own, but let’s dive into the logic behind this in just a bit.

IDO Farming, Staking & Airdrop

The $BLASTUP token serves as the fuel for the BlastUP ecosystem, providing benefits to both users and projects. For users, it offers allocations of project tokens sold on the platform. For projects, it serves as a gateway to the BlastUP IDO launchpad.

The rewards of staking $BLASTUP tokens within the ecosystem are multifaceted, providing access to the IDO launchpad, a solid APR of up to 12%, and the gradual accumulation of Booster Points.

In the BlastUP ecosystem, Booster Points form the backbone of the community incentive program, enabling users to earn, spend, and store these points for a range of activities:

• Referral activities,

• Airdrops from BlastUP and other partnering projects,

• Engaging in CIP activities,

• Other activities hosted on the BlastUP launchpad.

Besides, through its IDO farming feature, BlastUP also offers an attractive yield on ETH/WETH and USDB at 3.95% and 7.00% respectively.

Speaking of other incentives, the first wave of the $BLASTUP token airdrop, named "EXPLOSION," has already taken place, providing some interesting prospects for Booster Points holders with a minimum of 200 points. The airdrop distribution is automatically credited to all qualifying holders, based on a snapshot of their current Booster Points balance. 

Recipients will receive their tokens 21 days after the TGE, which occurred on August 20, with a staggered distribution schedule consisting of 20% tokens unlocked immediately, a 3-month delay (cliff) before vesting begins, and the remaining tokens unlocked gradually over a 9-month period.

Plans for The Second Half of 2024 and 2025

BlastUP’s roadmap for the third quarter and beyond is equally exciting. The team has several ambitious plans for Q3, including DEX listings, the launch of MemePad, EasyMint, an incubation program, BlastUP Shield, and the second airdrop season.

As the year draws to a close, the team aims to incorporate AI into their operations with an AI IDO screener, which is only the beginning of their journey towards developing an AI IDO Helper, AI Startup Team Tools, and AI Launchpad Assistant.

Summary 

In the few months since its inception, BlastUP has already achieved a couple of significant milestones. Their plans for the future appear to be quite ambitious, but if they remain true to their slogan 'Grow faster, earn more', it's reasonable to expect that both early-stage startups and investors will benefit from their involvement with BlastUP. 

Coin Gabbar will keep an eye on how things unfold for BlastUP to see how their efforts to nurture startups, foster community, and provide fair token distribution play out. And now, you might find the ongoing EXPLOSION airdrop an excellent opportunity to grow your $BLASTUP supply, since the value of this token is likely to go up in its post-TGE future. 

Another factor that could potentially impact the price of $BLASTUP is the recent token burn, which saw the total supply of the token reduced by 30% on August 6. This reduction in the circulating supply, known as deflationary pressure, can lead to a price increase as $BLASTUP becomes more valuable.

Also Read:- Why BlastUP Is Positioned to Shake Up the Crypto Landscape