PRESS RELEASE
Rodney Bay, Saint Lucia – June 4th, 2024 – Chainwire.
BlastOff, an innovative LaunchPad and Yield Aggregator native to the Blast network, is preparing to list its native token, $OFF, after a successful Initial Dex Offering (IDO).
Highlights of BlastOff’s Achievements:
Recognized for Innovation:
BlastOff’s concept was recognized as a runner-up in the esteemed Blast Big Bang event, showcasing its innovative approach.
Impressive Testnet Performance:
BlastOff demonstrated strong user engagement with $24 million in Total Value Locked (TVL) on the testnet. The launch of more profitable vaults on the mainnet is expected to match and exceed this performance.
Robust Community Foundation:
BlastOff boasts over 100,000 engaged followers across various platforms, highlighting its strong user base.
Extensive Network:
With 36 strategic partnerships within the DeFi space, BlastOff has access to crucial resources and expertise for its growth.
Successful IDO:
The IDO for $OFF achieved a complete sell-out, indicating significant participation and confidence in the platform.
Understanding the Blast Network:
BlastOff is built on the Blast network, an Ethereum Layer 2 (L2) solution that goes beyond traditional L2s by offering native yield and automatic compounding. Key features include:
Auto Rebasing:
Users can benefit from compounded interest without manual intervention.
L1 Staking:
Additional yield is generated on Blast’s Layer 1.
T-Bill Yield:
MakerDAO’s T-Bill protocol is utilized to generate extra yield for USDB, Blast’s auto-rebasing stablecoin.
Revolutionizing Initial Dex Offerings (IDOs) with Native Yield IDOs (YIDOs):
BlastOff introduces Native Yield IDOs (YIDOs), a concept that allows users to stake ETH or stablecoins to generate yield and support new projects without direct capital investment. Benefits of YIDOs include:
Potential for passive income generation
Early access to new projects
Portfolio diversification
YZone – Elevating Yield Generation:
YZone, a innovative yield aggregator within the Blast ecosystem, aims to surpass Blast’s native yield through strategic execution in collaboration with Governance. Yield opportunities are categorized based on risk profiles.
Access Unrealized Yield with the Future Yield Minter Vault:
The Future Yield Minter Vault enables users to stake ETH and mint up to 5 years’ yield initially, extendable to 10 years, seamlessly integrating with Blast’s DeFi ecosystem.
$OFF Token Utilities:
The utilities associated with $OFF are designed to reward active and loyal participants of the BlastOff ecosystem. By staking $OFF, users increase their Blast Force Score and unlock various benefits across different aspects of the platform, including:
YIDOs:
Higher allocations for automatic participation.
Native Blast Staking:
Lower fees for yield generation.
YZone:
Potential for higher yields and lower fees.
Governance:
Influence over YZone Vaults and YIDO deal flow.
Community Incentives:
Active participants are rewarded with $OFF tokens, fostering community engagement and contribution.
Treasury Revenue Share:
Rewards for active participation.
Yield Boost:
Increased earnings in YZone.
Project Benefits:
Fundraising Potential:
Projects leveraging the BlastOff platform and its engaged user base can raise more capital through YIDOs.
Exposure to a Wider Audience:
Launching on BlastOff allows projects to reach a broader audience.
Streamlined Fundraising Process:
BlastOff offers a user-friendly platform for projects to efficiently conduct their IDOs.
Team and Token Information:
The BlastOff team consists of 8 veterans with extensive experience in Launchpad and DeFi integration. They have been building and managing Launchpads since 2021.
BlastOff’s native token, $OFF, will be officially listed on the following exchanges: Thruster, Gate, and MEXC.
Token Ticker: $OFF
Token Chain: Blast, Polygon
Total Supply: 10,000,000
Initial Mcap (excluding liquidity): $232,500
Listing Date: June 5, 2024, at 10 a.m. UTC
Listing Price: $0.4
Market Makers: Trireme Trading
For updates, users can follow BlastOff on their social media platforms:
Website
Twitter
Telegram
Telegram ANN
Discord
Gitbook
Blog
Contact:
Oliver Mills
BD & Comms
BlastOff
[email protected]
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