A PANews article states that Blast and Blur shut down successively

Article

Crypto October Shutdown wave: Who is paying for airdrops?Blast and Blur shut down successively, with founder Pacman exiting twice through a points-based airdrop strategy. 850000000 USD After the airdrop, the protocol's cumulative revenue was only 2.26 USD, a case study in the endgame of the blockchain bubble.

Source: https://www.panewslab.com/zh/articles/01a15836-23f3-75bc-9412-c8032208e3ed

Key points

The article states that Blast and Blur shut down successively.
The article states that founder Pacman used a points-based airdrop strategy and “exited twice.”
The article mentions an “850000000 USD airdrop.”
The article claims that the protocol's cumulative revenue after the airdrop was only 2.26 USD。
The headline asks, “Who is paying for the airdrops?” and describes the situation as “a case study in the endgame of the blockchain bubble.”

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This content links the alleged shutdowns of Blast and Blur to Pacman's points-based airdrop strategy, and uses the figures of 850000000 USD in airdrops and 2.26 USD in cumulative revenue to question this model. The currently available evidence consists only of an article summary and does not provide the calculation basis for the figures or shutdown announcements.

Why it matters to readers

If these claims are true, the shutdowns of the relevant projects and the substantial gap between airdrops and revenue would raise user concerns about the points-based airdrop model and project sustainability.

Beginners should not judge a project's value solely by the airdrop amount. They should also examine whether the project continues to operate, how protocol revenue is calculated, and whether formal announcements exist.

Risks and unknowns

Blast Whether Blur has officially shut down is unclear, as the evidence contains no official project announcement.
850000000 USD The airdrop's scope of calculation, currency, and valuation methodology are unclear.
2.26 USD The relevant protocol, reporting period, and calculation methodology for cumulative revenue are unclear.
“Exited twice” and “a case study in the endgame of the blockchain bubble” are article assessments that lack further supporting materials.
User assets, contracts, and subsequent arrangements are not explained.

A PANews article states that Blast and Blur shut down successively

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center