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Blast Triples Gold Value with 30,000 Gold Jackpot by Changing Points Conversion Ratio

May 17, 2024, 06:51 AM

The cryptocurrency platform Blast has significantly altered the conversion rate of its points to gold, increasing the ratio from approximately 36,000 points per gold to 107,000 points per gold. This change has tripled the value of gold in comparison to points, causing some confusion and concern among users. Previously, users received 1.6 gold per view for posting content, but this rate has now decreased to 0.51 gold per view. The platform currently has a jackpot of 30,000 gold for content creators. The shift in the points-to-gold ratio has led to questions about the valuation and potential dilution of gold, with some users speculating about the impact on early supporters and the overall supply of gold. Blast updated the conversion rate, making gold worth 3x more, and shifting airdrop value to post-mainnet activity versus early deposits. The current estimate is $6 per gold.