BlastUP presale ends with over $8 million raised

BlastUP just lately concluded its presale, elevating greater than $8 million.
BlastUP’s spectacular increase marks the primary milestone for the community-backed launchpad venture on the Blast blockchain.
Upcoming launches of Blastboxes V2, airdrops and different unique affords has the BlastUP group abuzz because the crypto business braces for a recent bull run.

BlastUP, a brand new launchpad platform on the Blast blockchain, raised over $8 million in its just lately concluded BLP token presale.

In response to particulars shared with CoinJournal, the BlastUP presale launched in February and ended on Might 31. The presale supplied 20% of the whole provide of 1 billion BLP to early consumers.

BlastUP managed to safe a complete of $8,095,148 from practically 20,000 individuals, the crew added in a submit shared on X.

“It has been an unbelievable journey for us! The quantity we raised is extraordinary for the Blast L2 Ecosystem. Thanks in your unwavering dedication, encouragement, and perception in our imaginative and prescient. We couldn’t have completed it with out you,” the BlastUP crew stated, acknowledging the group’s assist.

BlastUP token launch quickly

BlastUP has gained lots of consideration throughout the Blast ecosystem, as a result of it affords a novel mechanism for startups to safe early-stage investments, whereas enabling BLP holders to put money into these startups. 

BLP is BlastUP’s native utility token, which holders can use to put money into new startups by way of tiered IDO launches. BlastUP token holders also can earn as much as 12% APR in staking rewards, and faucet into different incentive applications and loyalty rewards.

Proving the success of this mannequin, BlastUP has additionally seen three profitable IDOs launch on the platform:

CYBRO, an AI-powered yield aggregator on Blast, managed a formidable $150,000 in lower than every week
GameFi platform Petobots raced to a $75,000 increase in 4 days 
JuicyBet, a Web3 multi-chain platform for GambleFi, netted $50,000 in simply two days.

Because the Blast ecosystem seems to be ahead to the Token Era Occasion (TGE), there’s rising pleasure round what’s subsequent for BLP.

Some customers see BlastUP’s current announcement for initiatives such because the launch of Blastboxes V2 and airdrop campaigns as recent alternatives to amass $BLP at an advantageous price.

An upbeat Blast ecosystem group may additionally view this as a golden alternative for these prone to have missed the BLP presale.

Development throughout crypto

BlastUP’s spectacular presale increase comes amid a recent buzz round crypto as Bitcoin jumped to above $71k once more. Memecoins have additionally been on a tear, whereas the largest gainer among the many high altcoins immediately was BNB.

Elsewhere, the AI area continues to draw consideration amid main developments from tech giants Google, Microsoft and chipmaker Nvidia.