#### What is BLAST? BLAST, also known as SafeBLAST, is a unique [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) that operates as both a utility and a deflationary token across multiple blockchains. As a utility token, BLAST aims to be used for direct payment for goods and services where it is accepted globally. On the other hand, as a deflationary token, it operates under an Autonomous [Yield](https://blog.coinbase.com/around-the-block-7-understanding-yield-farming-and-the-latest-developments-in-defi-ef9f1ac910fb) and [Liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-) Generation [Protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol). This means that every time BLAST [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) are transferred, bought, or sold on platforms like [PancakeSwap](https://www.coinbase.com/how-to-buy/pancakeswap), the total supply decreases. This dual functionality of BLAST seeks to provide a dynamic and versatile approach to cryptocurrency usage. #### How does BLAST work? BLAST operates on a unique mechanism that combines utility and deflationary aspects. Every transaction involving BLAST tokens, whether it's a transfer, purchase, or sale, results in a reduction of the total supply. This process takes place on PancakeSwap, a platform that operates on the Binance Chain (BNB Chain). Additionally, each transaction generates a passive reward distribution for all token holders on the BNB [Blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain). However, it's important to note that there are no buy or sell taxes on centralized exchanges or [Uniswap](https://www.coinbase.com/learn/crypto-basics/what-is-uniswap), and therefore, no reward distribution. The reward distribution is exclusive to [wallets](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet) on the Binance Chain. #### What are the potential use cases for BLAST? BLAST strives to serve as a versatile cryptocurrency with a wide range of potential use cases. As a utility token, it aims to be used for direct payments for goods and services where it is accepted, providing a decentralized payment option for users worldwide. As a deflationary token, it seeks to offer a unique investment opportunity where the value of the token could potentially increase as the supply decreases. Additionally, the passive reward distribution mechanism of BLAST could potentially provide an additional incentive for holding the token. #### What is the history of BLAST? The history of BLAST is rooted in its unique approach to cryptocurrency. It was designed as both a utility and a deflationary token, aiming to offer a versatile solution in the cryptocurrency market. The token operates on multiple blockchains and uses an Autonomous Yield and Liquidity Generation Protocol to decrease its total supply with every transaction. This approach is intended to create a win-win situation for BLAST holders as the limited circulating supply could potentially lead to value growth due to supply and demand dynamics.