Decentralized Club
13 min readMay 14, 2024
AMA with Blastup

On the 10th of May, 2024 at 2PM UTC, Decentralized Club had the honor of hosting Ted [Core Contributor] from the BlastUp for an Ask-Me-Anything session on their Telegram page with a community of over 100,000 people. It was hosted by DC Host, Ella.

The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.

If you missed this event and would like to know what BlastUp is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

Segment 1 – Introduction
Hi COMMUNITY people,
What's up, GUYSS Hope you all are doing well!

Let me introduce myself to the community

My name is Ella and I will be hosting an AMA Session of BlastUp here.

Let’s welcome our guest Ted for this AMA session

Hello, Ted is here. Thank you for having me today 🙂

It's pleasure for me to be here with such a great community

You’re welcome to Decentralized Club! It’s our pleasure to have you!
How are you ?
How's your day going so far?

I'm pretty good, and the day is great as well. We have a lot of work to delivery the product in very short time from today, so everyone in the team is overswamped, but it is good feelings


Hope you are good too, and hope that all the community here today is great as well 🙂

ohh nice! That's a good start for a productive day

Yess we are doing good
Would you kindly introduce yourself to the Community?

For sure, would be pleased to do it

I'm Ted, a core contributor at BlastUP. I have strong technical background, but for the last 5 years have been focused not only on the coding, but also on project and product managment. So my experience now contains the most to launch products, specificly in crypto field.

Should we start the Session?

For sure, let's do it 🙂

Let me give you a quick overview

AMA is divided into three segments:

Segment 1️⃣: Introduction Questions with the Project team

Segment 2️⃣: 5 best Question from Twitter Gets Answered

Segment 3️⃣: Live Telegram Questions,Best 5 Telegram questions get answered.

Very much excited to know about BlastUp project!🤩

Starting with the first segment

Q1.Can you introduce yourself and the team behind the creation and execution of Blastup?

As I previously said, I'm a core contributor at BlastUP. We've gathered as a team in December, 2023, and decided to build a new product on Blast network that'll be using Blast's features, and be useful, beneficial, and interesting for users. Formerly, the core team of BlastUP has been working with each other for years. Most of the team has experience in the crypto field for more than 5 years, and IT experience more than 10 years. The team covers not only IT field, for sure, but also marketing, product managment and so on.

The idea of BlastUP come for us like a gem, because the team is excited that we can build the product for community, for crypto projects, and for such a good ecosystem as Blast is.

✅ kindly send this when you are done

Oh, thanks, think I'm done here ✅

okaay cool

moving on to next

Q2. How user can buy the BLP Token and what are its utilities? can you give a insight about the booster points also?

For now it's possible to pre-buy the token on our website Later after the TGE and listing the token is going to be available on the exchanges (CEXes and DEXes) that will be announced in June.

Regarding the utility we have come up with a lot of features that are important for the launchpad, and helpful for the token circulation itself. The first utility is using the token for participating in project launches that are happening on the platform. So you have to have some staked BLP tokens to have an allocation and get a tier for participating in a launch.

The important thing, that we are going to do first launches very shortly in May, so if you have allocation in BLP tokens from presale you are going to be eligible for participating in project's launches.

For users that are staking the token reward is available, so there is APY that is based on the time that you choose to put tokens in staking.

dear community, Keep your 👀 on the pre-buy BLP token

The BLP itself it's also a token that speeds up the IDO farming mechanic that we have. It makes an investment in projects safe and easier.

Ohh congratulation's on that🤝

The token also is going to be used for many products and services that BlastUP going to launch in the nearest future: we want to create a lot of tools and services that help projects to do successful launches and build great products from one side, and from other give to community better and safer experience in crypto launches and projects support

It's pretty much about BLP token, let me say a little bit about Booster Points

Booster Points from another side gives ability to participate in future planned airdrops. If you have more points in the moment you will get more future rewards. We plan not only to do an airdrop for BLP token, but also for project's token that want to support our community and make more impact on our ecosystem. There are going to be a lot of ways to collect Booster Points with us and with our partners as well, so I'd recommend to stay tuned on announcements 🙂

That's it ✅

It's great, seems that booster points has a lot of benfits!

Q3. can you please elaborate on the BLASTBOX and the Blast native yield? What are the favourable condition for a user in which they can avail

For sure, let me tell about those 2 things
BlastBox is a bundle of some useful assets on Blast. Usually, we create boxes that include NFTs, tokens, points, and so on. After the main launch it will be possible to find the launching projects tokens in the boxes as well.
Blast Native yield is a Blast network mechanism that allows users to get APY on ETH, wETH, and USDT that they have on Blast network. The important thing, that projects that have smart contracts on Blast can reprovide this APY to the users even users store tokens on project's contracts.

For us it's important, because we are using this mechanism for IDO farming that we've built and are going to launch shortly.

okaaayyy! Well explained

Q4. How you define "GROW FASTER, EARN MORE" from BlastUp prospective ?

That's a good one, I like this idea

The main activities of every launchpad is a community and projects. We are trying to connect the best projects and collect the best community that helps each other. Projects are growing, and the community earns more benefits.

Pretty much all ✅

i also like this question pretty much


Great initative btw!

moving on to the last question

Q5.can you give a detailed overview of major key feature of the Blast ecosystem?

For sure, there are:
- Native Yield
- Gas Refund
- Points: Blast Points and Blast Gold

So I've told already about the first one, so let me tell more about the second and third

Gas Refund is great mechanism that allows projects and users to have a refund on the gas that was spent on interaction with Blast network.

It works pretty easy. Blast calculates the net revenue it generates from gas fees across the network. Then redistributes a portion of this net gas revenue back to Dapps automatically. After Dapp deveopers can use these gas refunds in 2 ways: pass to users or keep the refunds as the revenue.

Points and Gold are the main driver for community on Blast ecosystem.

Points were originally created to motivate users support the ecosystem with TVL even before launch. And it worked awesome, cause we still see more than $2B is locked as bridged TVL on Blast.

Blast Gold from other side is the token that distributing among the all Dapps that have reached different metrics in the eco, like TVL, funded-transactions amount, and so on.

Dapps have the option to save this gold or spread among in the community as a reward from Blast ecosystem to users of the specific Dapp.

I can speak about all of these for hours, but lets keep it short ✅

Hahhaha nice!
It's was a lengthy one though, but i think it's really a good approach
So with this we have come to an end of segment 1

Let’s now take some questions from our Twitter community!

1) STAKING is one of the strategy to attract users and hold them and long term. So, does your project have staking program? If so, can you tell us how can we stake in your platform? How high is your APR? And is there any specific amount to stake? @Princes9003

Yes, we do have staking product. And it's not only for attracting users, for us it's an important mechanism that allows to participate in IDOs.
Our planned APRs are quite good, starting from 6% and up to 12% for now.
It's gonna be possible to stake the token after TGE, but now we think how to deliver this possibility even earlier. So I'd recommend to check the announcements in May 🙂
And you can check all the details on our website in the doc here:
Hope that covers the question ✅

2) The success of a launchpad depends on the quality of the projects launched in it.
So, How do you select quality projects to the
@Blastup_io? How will you ensure safety to the investor's funds? @FeFi2023

We use all of the possible methods to do an assesment of a project when project reaches us.
So for every IDO before we list the project we are doing:
- Direct call with the team behind a project
- Collecting KYB and do compliance to cover possible legal issues
- We are doing a huge research and checking website, Dapp, social network, community, backers and partners (and if we have someone that we knows, we also discuss the potential of project with them). Also we perform technical checks on whitepaper or docs of the project. Assesing the idea itself.
- With every project we sign a contract that covers potential risks in legal field
Also, when we have the partnering launchpads that are open for co-launch usually it means that all the described above is doing twice.
But still, it's important to understand that nobody can't reduce a risk for investor to 0. So we'd recommend to do your own research, and do the decision of investment really careful, and the way where it fits to your abilities.

Thats it ✅

good point
3) What are the various ways to earn and utilize Booster Points within the BlastUP ecosystem, and what are the benefits of holding these points for users?

So for now you can get the points for buying BLP tokens on pre-sale.
Shortly you'll be able to get points also for interaction with our product: participating in launches, and so on.
The next big step for Booster Points will be full campaing when you can do simple actions, like subscribe on X, or Telegram, and get some points.
Benefit as I told before, is potential return from airdrop campaigns that we and our partners is going to do.
Actually, to get some extra points even today you can use this link to receive extra 100 Booster Points when purchasing our tokens on the presale
I'm done here ✅

4) What are the milestones on your route? What have you achieved and what can we expect? Any short/long term technical milestones that you would like to mention or draw attention to the idea? @Usman_Khan_NF

It's a good and very volumed question for sure
For us the biggest milestones are:
- Launch of a product itself. It's gonna be very shortly, right now we already created everything, I mean dapp itself, smart-contracts, and backend. Now we are performing audit with a really good auditors. So check the announcements in days 🙂
- IDO farming and staking as a product. It's a really big technical thing that we are also almost finished. But it'll take some time to delivery and do all the audits.
- Pre-sale ending end TGE — really imporant events on the way as well, because we think that this is not the only fundraising and token distribution for us, but mostly building a community that will be active and strong.
Big long-term milestones mostly connected with products among our ecosystem, I'd recommend to check the website. Everything that you see in the roadmap, actually, is important for us.
Thats it ✅

5) For any project to succeed and be maintained, revenue is a crucial component. What is the best way to make money off of the $BLP token? How does the revenue model work? @al_damary

Good one.
We are trying to build for BLP token the strong circulation model. So as I told before, we are going to use BLP token it the ecosystem as a fuel, that can be spent by projects or users on different features: includes direct usage of EasyMint, payments for activity, governance, and so on. We are also going to perform buybacks from the revenue that the launchpad generates from the launching projects.
And also we constanlty looking for opportunities how we can do the token more liquid and usable with our partners.
Done here ✅

With this we have come to an end of segment 2

Time to take up some questions for segment 3 from our live audience! Guys be ready to shoot your questions😉

Dear guest,
Please pick five original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
Dear community, as a measure to deter bots and reward hunters, please include the guest’s full name in your questions so the guest can tell original questions apart!

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Q1.Can you provide more details about BlastUP's Launchpad accelerator program and how it supports early-stage projects to raise capital for development? @Henry_Chen1 (
So let it be the first one
As a launchpad we have to have a strong BD, and do a partnership with other launchpades, DEXes, exchanges, accelerators, and venture funds as well.
All our processes are very similar with processes of incubators or funds.
So for projects that we see we can help we can recommend our partners or do advisory and acceleration by ourselves to achieve more results and do a better product.
Right now we are just on very early stage of this, so it's almost manual support, but shortly we will update the website and will give a way more information about the ways that we are supporting projects and founders.
Q2. Are you planning to add NFTs to your project?
How many types of NFT integration in your Project? @Emily_Morgan2
The second one
Yeah, we have such plans. Regarding the fact that Blast is going to have strong NFT exposure, especially because of Blur, we do think that it can be meaningful and useful feature for our community.
Also, we already have some requests to help with launch from NFT projects.
I can't tell right now the exact dates, but I hope we will do NFT projects support this year.

Q3. Do you have audit certificate? or
Are you working on auditing your project, so that project security is more secure and reliable?@Ngga113
There are a lot of questions about audits.

So yeah, we have done audit for our presale smart-contract already with CertiK. We also have a special page on CertiKs SkyNet that constantly checking the important metrics of BlastUP.
Also right now we are almost done with audit for our main smart contracts that will be using in product itself and we gonna publish results in few days
And we are going to have at least 2 different companies that are auditing our product.
Safety is important for us 🙂
Q4. How does BallastUp fit into the broader Blast ecosystem and what role does it play in supporting early-stage projects and fostering innovation on the platform? @George_Italy (
[Ted]Right now we have one of the biggest active community that actually supports projects, and participated in our very pre-sale.

It's more than 14,000.

As a launchpad we are also one of the biggest on the ecosystem of Blast.

Q5.Are there currently exchanges where we can buy $BLP? @levi_yu Answer:
Not yet, but we are going to announces the exchanges (DEXes and CEXes) in June, when we will be closer to the TGE and listings.

Now the token is available on the pre-sale on our website. You can use this link to receive extra 100 Booster Points when purchasing our tokens on the presale

we are good to go!

it's a wrap! 🥳
Your answers were brilliant!

It was a great experience and thanks for the community for such great questions

You were amazing! Loved to have you here!

Thanks a lot for organizing it 🙂

Thank you for your time 😊
Cheers to you and your team for their time and effort in making this project a success!

Thanks a lot

Thankyou for choosing Decentralized Club❤️

I wish you and all the community have a great week, and thank you all again 🙂

Wish you the same Ted🥂

Decentralized Club

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