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The Blast community launches a proposal to use US$36 million in revenue every year to repurchase BLAST tokens
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2024-12-03 21:03 1,778
Golden Finance reported that the community of the Ethereum Layer 2 network Blast has released a proposal titled "Repurchase BLAST Tokens and Obtain Profit". The proposal stated that Blast has a narrative problem and to solve this problem, we must pay attention to the price; the proposal Convert earnings into BLAST tokens and use them through buybacks. Depositors will retain the full value of their earnings: instead of receiving ETH or USDB, they will receive liquid BLAST tokens immediately. Currently, there are $1.2 billion in revenue-earning assets on Blast L2, the proposal states. A conservative estimate of a 3% annual return would generate $36 million per year, which could be used to purchase BLAST on the open market, equivalent to a daily bid of approximately $100,000. At current prices, this bid would move the price by +4.8% per day. It is reported that this proposal will result in $36 million in annual buying pressure for the $BLAST token, and will also make user acquisition and engagement driving activities more effective, thereby bringing back users/builders and kick-starting another growth flywheel for Lay the foundation for the release of mobile applications.
Keywords: Bitcoin
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