Key Data

• Trading Name: BlastUp (BLP) formerly known as Gramblast
• Legal Entity: BitSafe Sentinel LLC
• Activities: Decentralized Launchpad
• Location: Saint Vincent and the Grenadines 

BlastUP is a decentralized launchpad within the Blast ecosystem, designed to facilitate secure and transparent fundraising for blockchain projects. It offers a platform where projects can raise capital while engaging with a community of investors and enthusiasts.

Offering

Key Features of BlastUP:

• Decentralized Fundraising: BlastUP enables blockchain projects to conduct token sales and Initial DEX Offerings (IDOs) in a decentralized manner, ensuring transparency and security for both projects and investors.
• Staking and Rewards: Users can stake BLASTUP tokens to gain access to IDO participation and earn rewards. Staking offers an Annual Percentage Rate (APR) of up to 12%, with longer staking periods yielding more significant rewards.
• Community Engagement: BlastUP emphasizes community involvement through forums and incentive programs, rewarding active participants and fostering a collaborative environment.
• Airdrop Events: The platform hosts regular airdrop campaigns, such as the ongoing ‘Expansion’ season, allowing users to earn rewards by completing simple missions.

Audit

BlastUP has undergone multiple security audits to ensure the integrity and reliability of its platform. Notably, the project received a comprehensive audit from CertiK, a leading blockchain security firm. In this audit, BlastUP achieved an impressive security score of 87.40 (AA), placing it among the top 10% of projects evaluated by CertiK. This score reflects high marks in both the Code and Operational categories, surpassing well-known projects like Chainlink and Worldcoin.

Financial Performance

BlastUP has demonstrated significant financial success through its fundraising efforts. Between mid-February and May 31, 2024, the platform raised over $8 million during its presale of $BLP tokens, attracting nearly 20,000 holders.

The presale was structured in multiple stages, with the token price increasing incrementally. For instance, during Stage 6, $BLP tokens were priced at $0.06 each, with subsequent stages seeing price increases.

In terms of tokenomics, BlastUP allocated its total supply of 1 billion $BLP tokens as follows:

• 24% (240 million tokens): Reserved
• 20% (200 million tokens): Presale
• 18% (180 million tokens): Team and advisors
• 10% (100 million tokens): Staking program
• 28% (280 million tokens): Other categories

This strategic allocation aims to ensure liquidity and stability for the $BLP token post-Token Generation Event (TGE).

Additionally, BlastUP has implemented a transparent governance structure, regularly publishing reports on funding decisions, development expenses, and infrastructure payments. These reports detail expenditures, such as covering expenses amounting to $170,000 B-USDT in May 2024.

Overall, BlastUP’s financial strategies and transparent reporting reflect a commitment to sustainable growth and community trust within the Blast ecosystem.

Partnerships

BlastUP has partnered with leading blockchain and crypto organizations to strengthen its ecosystem. Key partners include:

• Exchanges: MEXC, Bitget, BingX, Uniswap.
• DeFi Platforms: Thruster, BladeSwap, Hyperlock, Summit.
• Web3 Innovators: Axelar, Wasabi Protocol, Bull Perks, Seedify.
• Development Partners: Crynet, Simplicity Group, Crypton, Web3Lyft.
• Market Makers & Advisors: Enflux, TokenPilot, StudioR, IBC Group.
• Specialized Tools: Zap.tech, OpenPad, KicksPad, HoudiniSwap.

Serving Industries

BlastUP serves a diverse range of stakeholders within the blockchain and cryptocurrency ecosystem:

• Blockchain Projects and Startups: Providing a decentralized platform for fundraising, BlastUP enables these entities to launch token sales and Initial DEX Offerings (IDOs), facilitating capital acquisition and community engagement.
• Investors and Enthusiasts: The platform offers opportunities for individuals to participate in early-stage blockchain projects, allowing them to invest in vetted initiatives and potentially benefit from their growth.
• Developers and Entrepreneurs: By offering tools and support for project launches, BlastUP assists developers and entrepreneurs in bringing their blockchain solutions to market efficiently.
• Community Members: Through staking, airdrops, and participation in governance, community members are actively involved in the platform’s ecosystem, earning rewards and contributing to its development.

BlastUP: Compliance-Based Rating

BlastUP is a decentralized launchpad offering innovative blockchain fundraising solutions. With notable partnerships, a skilled team, and comprehensive security audits, the platform has solid foundations. However, mixed customer feedback indicates the need for service improvements.

Rating Framework:

1. Compliance & Security: Green 
   Thorough audits by CertiK and Hacken demonstrate a high level of safety and trust.
2. Transparency: Orange 
   Governance reports are available, but customer concerns about service reliability and delivery reduce transparency perception.
3. Team Expertise: Green 
   Exceptional leadership with deep expertise in blockchain, IT, and marketing.
4. Customer Experience: Red
   Mixed reviews highlight issues with service delivery and customer support, requiring immediate attention.
5. Innovation & Ecosystem: Green 
   Advanced features, robust partnerships, and multi-chain support make it highly innovative.

Overall Rating: Green
BlastUP has strong potential in the blockchain space, but improving customer experience is critical to achieving excellence.