What is Blum: registration, future value, farming method
On June 11, the Blum project announced that it had reached 20 million users. Their number has doubled since the beginning of the month, and over 10 million people have subscribed to the telegram channel of the crypto exchange. The platform was launched inside the Telegram messenger by former top managers of Binance.
In this article, we will cover all the main questions: how to log into Blum, how to register in the application and how to farm Blum tokens.
What is Blum
Blum is a cryptocurrency trading app, an exchange in the Telegram messenger. It will operate on a hybrid CeDeFi model and will allow users to trade directly from third-party crypto wallets on various blockchains.
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Crypto projects will be able to automatically list their tokens on Blum, using special software that will conduct basic checks before listing (technology, liquidity, and user base). The project is targeting clients in Asia and plans to obtain a virtual asset provider license in Georgia.
Who created the Blum cryptocurrency
Former Binance regional top managers Gleb Kostarev and Vladimir Smerkis announced the launch of a new project several months after they left their positions at the largest crypto exchange by trading volume.
Previously, Kostarev held the position of Regional Head of Binance in Eastern Europe, CIS, Turkey, Australia and New Zealand, and Smerkis was General Manager for the CIS.
They left the company amid Binance's exit from the Russian market. Kostarev and Smerkis currently live in Dubai, but have no plans to establish Blum's headquarters in the UAE.
How to register with Blum
Initially, the project did not publicly disclose the address of its trading bot in Telegram. The application could only be accessed via invitations from other users. Just follow the link and you are registered.
How to earn Blum Points
When you go to the application, the user is given a certain number of tokens. The next time farming will start in 8 hours. The user is also given bonuses for visiting the application daily. Points can be earned by completing simple tasks - for example, for subscribing to the project's channel in Telegram, to its other social networks (for example, X, YouTube and Discord) and inviting other users. Users are also offered to play the "Drop game". Green snowflakes fall on the screen, which you need to tap. Each snowflake gives +1 bonus. There is also a white snowflake, which freezes the rest for a while and allows you to collect more, and a bomb, which takes away some of the points.
When will it be possible to withdraw Blum Points?
At the moment, there is no official information about when the withdrawal of points will start and what the price will be. There is no information about the listing in the project's roadmap either. The Binance Labs incubator invested in the project, so there is a high probability of the Blum token being listed on this crypto exchange.
It is too early to make assumptions about the future value of the project token, since its tokenomics, in particular, the total emission and its distribution, are not fully known. The earliest moment when users will know the approximate price of Blum is at the premarket stage before listing on crypto exchanges.
Blum Cryptocurrency Prospects
In case of active development of the Blum exchange, implementation of the promised functions and increase of the user base, the native token of the project may show an upward trend. However, it will also depend on the state of the cryptocurrency market, since altcoins often move synchronously within the general trend.
Question and Answer
Which exchanges can list the Blum token?
If the token is added to the largest crypto exchange by trading volume, Binance, other platforms will also be interested in it.
What is Blum Crypto Bot?
This is a Telegram bot created by the developers of the Blum project. At the moment, its functionality is limited to two buttons: launching the Blum mini-app, in which you can farm points, and a link to the official Blum Telegram channel.
What key features of the Blum platform will be implemented over time?
Blum will be a decentralized exchange with an order book, and in addition to a mini-app inside Telegram, a mobile app is planned to be launched. Users will be offered futures trading and the ability to buy tokens from various blockchains.