The launch of $BLOBZ on Ethereum mainnet is imminent, so let's get you up to speed. WTF is this thing all about anyway? For starters, it's not your ordinary token! $BLOBZ emissions are tied to Ethereum blob production. Ethereum blobs are a kind of transaction, currently limited to a maximum of 6 per block. These transactions are special snowflakes, mostly used by Layer 2 rollups like Base and Arbitrum. Even though it's not (yet) straightforward, you can create blobs too! And with $BLOBZ, you can get rewarded for doing so!

We're not giving away all the details just yet. In fact we've started a bounty for anyone who can figure out how to successfully mint $BLOBZ on testnet. Check it out here. For today, we're just going to give you a bit of background on the project, any hope to get you excited about participating.

The contract governing $BLOBZ is simple and straightforward. It cannot be changed (non-upgradable) and does not pre-allocate a single token. All $BLOBZ emissions will be going to the community. There will be no founder dumping or VC hoarding -- absolutely everyone is on equal footing in obtaining $BLOBZ tokens.

By tying emissions to blob production, $BLOBZ tokens inherit their scarcity. At launch, a maximum of 1 million $BLOBZ tokens will be minted per blob. Emissions decrease harmonically every 30 days. This means after 30 days, the maximum amount of tokens minted per blob will be 500 thousand. After 60 days, 333 thousand. After 90 days, 250 thousand. And so on. So if you want to maximize your $BLOBZ holdings, you'll want to get in from the start!

While Ethereum will be increasing its blob transaction capacity over time, the emissions schedule ensures that $BLOBZ emissions will always tend towards a single token per blob over time, ensuring $BLOBZ will forever remain scarce.

For the most up to date information, follow the /blobz channel over at Farcaster. We'll also post updates here and on Twitter/X. So follow along and be ready to get you some $BLOBZ!

The launch of $BLOBZ on Ethereum mainnet is imminent, so let's get you up to speed. WTF is this thing all about anyway? For starters, it's not your ordinary token! $BLOBZ emissions are tied to Ethereum blob production. Ethereum blobs are a kind of transaction, currently limited to a maximum of 6 per block. These transactions are special snowflakes, mostly used by Layer 2 rollups like Base and Arbitrum. Even though it's not (yet) straightforward, you can create blobs too! And with $BLOBZ, you can get rewarded for doing so!

We're not giving away all the details just yet. In fact we've started a bounty for anyone who can figure out how to successfully mint $BLOBZ on testnet. Check it out here. For today, we're just going to give you a bit of background on the project, any hope to get you excited about participating.

The contract governing $BLOBZ is simple and straightforward. It cannot be changed (non-upgradable) and does not pre-allocate a single token. All $BLOBZ emissions will be going to the community. There will be no founder dumping or VC hoarding -- absolutely everyone is on equal footing in obtaining $BLOBZ tokens.

By tying emissions to blob production, $BLOBZ tokens inherit their scarcity. At launch, a maximum of 1 million $BLOBZ tokens will be minted per blob. Emissions decrease harmonically every 30 days. This means after 30 days, the maximum amount of tokens minted per blob will be 500 thousand. After 60 days, 333 thousand. After 90 days, 250 thousand. And so on. So if you want to maximize your $BLOBZ holdings, you'll want to get in from the start!

While Ethereum will be increasing its blob transaction capacity over time, the emissions schedule ensures that $BLOBZ emissions will always tend towards a single token per blob over time, ensuring $BLOBZ will forever remain scarce.

For the most up to date information, follow the /blobz channel over at Farcaster. We'll also post updates here and on Twitter/X. So follow along and be ready to get you some $BLOBZ!