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Tieshun Roquerre opposes the criticism that surfaced about Blast comparing it to a Ponzi scheme.
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The Blast Founder said that inviting rewards is not a marketing strategy but instead, a strategic move to encourage community growth.
Tieshun Roquerre responded to the rising criticism about the Layer-2 protocol on Ethereum. The criticism claims to compare Blast to a Ponzi scheme. The protocol went live on Tuesday in invite-only early access mode following a $20 Million raise from Paradigm, Standard Crypto, and other ventures.
The protocol offers more inclusive and profitable staking for ETH and stablecoins. It automatically compounds the balances to 4 to 5%. Besides this, it also facilitates the invite rewards known as Blast points. These offers have attracted a lot of bridged assets. As per Dune analytics, 400 Million bridged assets have been attracted so far.
High Yields Cited as the Reason For Arsing Criticism
Blast automatically stacked the injecte
We współpracy z: https://www.thecoinrepublic.com/2023/11/27/blast-founder-reacts-to-criticism-about-protocol-and-its-security/
