BLASTUP & LockedBLASTUP Staking
Staking is the process of participating in the development of the BlastUP launchpad, where a user locks a certain amount of BLASTUP/LockedBLASTUP tokens.
In return for participating in staking, the user receives:
Rewards in the form of new BLASTUP/LockedBLASTUP tokens
Rewards in the form of Booster Points
The opportunity to participate in purchasing tokens of projects on the launchpad
LockedBLASTUP Staking Pools
A promotion is active - increased rewards for early stakers until TGE moment.
Users can choose one of three pools with different durations and rewards for staking:
3 months - reward 12% APR
6 months - reward 18% APR
12 months - reward 24% APR
BLASTUP Staking Pools
Users can choose one of three pools with different durations and rewards for staking:
3 months - reward 6% APR
6 months - reward 9% APR
12 months - reward 12% APR
BLASTUP Tiered IDO Model
The Classical Launchpad consists of two rounds:
The first round, or distribution round, is when both Basic tiers (1-3: bronze, silver, and gold) and Premium tiers (4-6: titanium, platinum, and diamond) can participate.
The second round is when any remaining allocations from the first round are distributed among holders of guaranteed premium tiers (titanium, platinum, and diamond) on a "first-come, first-served" (FCFS) basis.
Fixed level system based on the amount of staked tokens:
| BLASTUP Staking Amount | |
|---|---|
Basic tiers | |
Tier 1: Bronze | 2,000 |
Tier 2: Silver | 5,000 |
Tier 3: Gold | 10,000 |
Premium tiers | |
Tier 4: Titanium | 20,000 |
Tier 5: Platinum | 50,000 |
Tier 6: Diamond | 100,000 |
Terms and Conditions
The minimum amount for staking is 1 BLASTUP tokens.
Funds cannot be withdrawn from staking until the selected pool's duration expires. At the end of the staking period, the user can withdraw their staked funds by clicking on "Unstake".
Users may not wait until the end of the staking period and deposit additional funds into the pool. However, in this case, the staking period will be extended.
The user earns rewards linearly, and they can withdraw a portion of their rewards at any time by clicking on "Claim Reward".
How to Stake
Step 1: Ensure your Blast network wallet has ETH (for gas). If you don't have ETH on the Blast network, use the bridge Relay.link
Step 2: Visit the BlastUP App: https://app.blastup.io/en/staking
Step 3: Select "Connect Wallet".
Step 4: Connect your wallet using the Blast network.
Step 5: There are a total of three staking pools available: 3 months, 6 months, and 12 months. Choose the pool that suits you.
Step 6: Enter the amount of BLASTUP tokens for staking. Remember, ETH is needed for gas fees.
Step 7: Click "Approve".
Step 8: A prompt will ask for approval on the BlastUP website. Approve the necessary BLASTUP amount. Confirm the approve transaction in your wallet. After you approve in your wallet, you will have the option to stake.
Step 9: Click "Stake".
Step 10: Confirm the stake transaction in your wallet.
Step 11: Check the status of your staking on the Stake tab (you will see the status "Staked" and the staked amount) or on the Unstake tab (here you can Claim Rewards or Unstake when the staking period ends).
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