The Layer 2 network Blast has announced details for its highly anticipated airdrop.

Blast Foundation, the protocol's governance organization, will give out 17 billion BLAST tokens on Wednesday, June 26, at 10 a.m. ET, 10 p.m. HKT and 4 p.m. CET as a part of phase 1 airdrop, according to a social media post.

Of that 17 billion, 7% will go to users who helped bootstrap the protocol's liquidity by bridging ETH or Blast's stablecoin USDB. Users earning Blast Gold from participating in decentralized applications will get another 7% of the initial airdrop, with the final 3% going to the Blur Foundation "to distribute to the Blur community for both retroactive and future airdrops," according to Blast's tokenomics report.

Blast laid out additional tokenomics details beyond the June 26 airdrop. …