💥BLAST prelaunch tokenomics

• If you LONG the prelaunch at $1, then you are longing at 1b FDV. If the FDV of BLAST is 5b on settlement, then your LONG position will be in a profit of $4 per contract traded.

• If you SHORT the prelaunch at $5, then you are shorting at 5b FDV. Suppose the supply of BLAST is 100b tokens, and it trades at $0.09 on settlement. Then its FDV will be 9b, and your SHORT position will be in a loss of $4 per contract traded.

Examples

• If the supply of BLAST is 1 billion:

  • a smooth transition into a vanilla perpetual will occur

    • the source of the Index Oracle will change

    • the funding parameters will change to that of vanilla perpetuals

• If the supply of BLAST is 100 billion:

  • a smooth transition into a vanilla perpetual that tracks 100 times the price of BLAST will occur

    • the source of the Index Oracle will change

    • the funding parameters will change to that of vanilla perpetuals

  • the product will be named 100xBLAST

• If the supply of BLAST is NEITHER 1 billion NOR 100 billion:

  • all positions will close at the settlement price 24 hours after TGE.

  • a vanilla BLAST perpetual which tracks the token price will be launched separately.

Settlement

This is NOT the price of one token, unless the supply is 1b.

BLAST prelaunch perpetual is a market cap index which tracks the FDV of BLAST at launch in billions. Each contract is worth a billionth of the FDV (so FDV/1e9).

Then its FDV will be 9b, and your SHORT position will be in a loss of $4 per contract traded.