Blur’s Latest Reward Scheme Seems Too Good to Be True…

TL;DR

• Within the lead as much as Blast’s launch, the staff has principally stated: “Hey, in the event you lock some ETH up for the subsequent 3 months, and promise to maneuver it over to the Blast community as soon as it is reside – we’ll pay you rewards within the meantime.”

• Solely downside is: the Blast Community does not exist but.

• This would possibly work, however there are additionally just a few crimson flags. We hope for the very best.

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Image this: Disney proclaims plans to open a brand new park in 2024, however opens ticket gross sales right this moment.

Anybody that buys tickets early, earns 5% of their whole spend in ‘Disney Bucks’ rewards, between now and opening day.

So when opening day comes, early supporters have a bunch of Disney Bucks rewards saved up (able to spend on the park).

That is form of what’s occurring with ‘Blast,’ the newly proposed layer-2 Ethereum community, which is headed by Pacman (founding father of the NFT market, Blur).

Blast will enable customers to commerce Ethereum-based tokens quicker/cheaper than traditional.

And within the lead as much as its launch, the staff has principally stated:

“Hey, in the event you lock some ETH up for the subsequent 3 months, and promise to maneuver it over to the Blast community as soon as it is reside – we’ll pay you rewards within the meantime.”

Solely downside is: the Blast Community does not exist but.

Which is elevating some crimson flags for some people…

One one hand:

Pacman, has been utilizing seemingly-too-good-to-be-true reward buildings to develop the whole worth locked up in Blast ($535M thus far).

Alternatively:

That is kinda Pacman’s complete schtick…

Develop ridiculously quick by providing loopy rewards to customers.

He is been doing it for some time now (first with Blur), and has held true up to now.

That stated…

“Previous outcomes are not any assure of future efficiency.”