Enjinstarter’s got a sweet upcoming IDO that looks set to “blast off”! Why, it’s for BlastOff, a project that’s launching on a Layer 2 network, Blast.
In the article below, we take a look at what the project is all about. On top of that, we’ll inform you of all the IDO details you need.
What Is BlastOff?
BlastOff is a DeFi protocol built on the Blast Layer 2 network. It focuses on 2 areas. One, building a launchpad, and two, building a yield aggregator. For both areas, BlastOff adds a little bit of yield to the mix. With Blast L2’s technology, Decentralized Applications (dApps) can leverage on its native yield potential. Hence, BlastOff enables:
- YIDOs. Or, Native Yield Based IDOs for short. This means that users who stake ETH or stables can gain access to BlastOff YIDOs.
- YZone Yield Aggregators. YZone optimizes yield opportunities amongst many yield-generating protocols. This provides BlastOff users access to the best yields on Blast.
All in all, BlastOff aims to grow the Blast community and its TVL with its two key offerings.
The @blastozone network keeps going from strength to strength!
Today, we are excited to announce our partnership with @BlastiesNFT, an innovative project where lucrative NFTs come with superpowers, giving holders an edge over the rest of the pack!
Blasties marks the starting… pic.twitter.com/brFVyGh7vG
— BLASTOFF (@blastozone) February 19, 2024
Key Metrics and Token Generation Event (TGE) Details
- IDO Platforms: EnjinStarter
- Website: https://blastoff.zone/
- Twitter: https://twitter.com/blastozone
- Launch date:
- Register Interest Period: 3AM UTC, 21 Feb 2024 to 3AM UTC, 23 Feb 2024
- IDO: 26 Feb 2024
- GAP round: 9AM UTC, 26 Feb 2024 to 9AM UTC, 27 Feb 2024
- FCFS round: 1PM UTC, 28 Feb 2024 to 1PM UTC, 29 Feb 2024
- Initial Supply: 730,000 $OFF
- Total Supply: 10,000,000 $OFF
- Initial Market Cap: $438,000
- Total Raise: $1,320,000
- Vesting: 30% unlock at TGE, then 6 months linear vesting
- EnjinStarter 7-day Optional Refund
BlastOff is an innovative Idle Yield launchpad and aggregator on the Blast network, offering unique features like Blast Native Yield and YZone for maximum user yield.
🗓 #IDO | February 27, 2024
🪪 KYC to join IDOs: https://t.co/BEFDNnDZCp
⚡️ Check the guide here:… pic.twitter.com/zqi6F8mZIo— ENJINSTARTER (@enjinstarter) February 1, 2024
Why Will We Participate in the BlastOff IDO?
The $OFF token in the BlastOff IDO is essential to the project’s ecosystem. The team designs the token’s utility to reward and incentivize loyal users. The multiple use cases for the $OFF token include:
- Staking. This will kick-start the Blast Force Score for each user.
- Access to YIDOs with higher allocations.
- Lower fees for Native Blast Staking.
- Higher yield and lower fees for YZone’s products.
- Governance.
- Serving as a reward token to incentivize users.
- Revenue sharing.
With strong utility, investors bullish on the Blast L2 would not pass up easily on BlastOff’s $OFF token.
On top of that, the BlastOff team looks to implement a fair set of token allocations. You can check them out here. In short, the team and advisors of the project have their tokens subjected to long vesting periods. This aligns with their interest in committing to the long-term growth of BlastOff.
BlastOff is launching at a relatively low market cap. Hence, we’re hoping to catch some multipliers with its $OFF token.
How to Participate in Enjinstarter
- Follow the IDO guide. Try to stake more $EJS for a higher token sale allocation. For staking tier benefits, refer to the guide here.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.