• BlastUP lately concluded its presale, elevating greater than $8 million.
• BlastUP’s spectacular elevate marks the primary milestone for the community-backed launchpad challenge on the Blast blockchain.
• Upcoming launches of Blastboxes V2, airdrops and different unique presents has the BlastUP neighborhood abuzz because the crypto trade braces for a recent bull run.

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

Based on particulars shared with CoinJournal, the BlastUP presale launched in February and ended on Could 31. The presale provided 20% of the full provide of 1 billion BLP to early consumers.

BlastUP managed to safe a complete of $8,095,148 from almost 20,000 contributors, the staff added in a submit shared on X.

“It has been an incredible journey for us! The amount we raised is extraordinary for the Blast L2 Ecosystem. Thank you for your unwavering dedication, encouragement, and belief in our vision. We couldn’t have done it without you,” the BlastUP staff mentioned, acknowledging the neighborhood’s assist.

BlastUP token launch quickly

BlastUP has gained lots of consideration inside the Blast ecosystem, as a result of it presents 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 may earn up to 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 powerful $150,000 in lower than per week
• GameFi platform Petobots raced to a $75,000 elevate 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 Technology Occasion (TGE), there’s rising pleasure round what’s subsequent for BLP.

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

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

Progress throughout crypto

BlastUP’s spectacular presale elevate comes amid a recent buzz round crypto as Bitcoin jumped to above $71k once more. Memecoins have additionally been on a tear, whereas the most important gainer among the many prime altcoins at this time was BNB.

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