In the world of cryptocurrency, airdrops have become a popular way for projects to distribute their tokens to the community. One such project that is generating a lot of buzz is $BLUE, which is set to airdrop its tokens on September 20th. As a news reporter, I’ve dug deep into the details to provide you with a comprehensive understanding of what to expect.
First and foremost, the $BLUE airdrop will be a multi-phased event. The team has announced that the initial airdrop on September 20th will distribute 5% of the total supply. This will be followed by three additional phases, where 10%, 25%, and 60% of the supply will be airdropped, respectively. This means that users will have the opportunity to receive $BLUE tokens four times, with the final phase being the most substantial.
But what about the listings? Contrary to the traditional approach of seeking exchange listings, the $BLUE team has opted to prioritize liquidity over exchange fees. Instead of paying hefty sums to list on centralized exchanges (CEXes) like Binance, Bybit, and OKX, they will be investing those funds directly into the token’s liquidity. This decision reflects their commitment to ensuring the long-term stability and growth of the $BLUE token.
“Instead of giving away money to exchanges, we will invest this money into $BLUE liquidity, making it more stable,” the team explained.
However, this doesn’t mean that CEX listings are off the table entirely. The team has stated that exchanges like Binance, Bybit, and OKX will eventually list the $BLUE token as the project gains traction and support.
In the meantime, users will be able to trade $BLUE on decentralized exchanges (DEXes) right after the initial airdrop on September 20th. This approach aligns with the project’s focus on accessibility, as DEXes don’t require registration, KYC, or any restrictions based on location.
But the real question on everyone’s mind is, “When can I sell $BLUE?” The team has made it clear that the tokens will be tradable on DEXes starting September 20th. However, they encourage users not to sell immediately, as the team plans to invest 88% of the revenue generated from in-app advertisements into the $BLUE liquidity. This move is aimed at stabilizing the token’s price and creating potential for growth.
“As promised, we are going to invest 88% of ads generated revenue to the liquidity of $BLUE token, once it will be available on DEX,” the team stated.
For those who have been holding the original $BLUE token on the Base chain, the team has a special plan. They will be allocating 50% of the total supply to existing holders, while the remaining 50% will go to new $BLUE token holders. This is the team’s way of rewarding the loyal community members who have believed in the project from the beginning.
In conclusion, the upcoming $BLUE airdrop presents an exciting opportunity for both new and existing users. With a strategic focus on liquidity, accessibility, and rewarding early supporters, the $BLUE project is positioning itself for long-term growth and success. As the countdown to September 20th continues, it’s clear that this airdrop is one to watch closely.
