Blum is a cryptocurrency launched in April 2024, which operates as a hybrid trading platform that combines the advantages of centralized exchanges (CEX) and decentralized exchanges (DEX), with the aim of providing a smooth and secure trading experience for users.
How it works: Bloom combines off-chain order books with on-chain settlement, allowing for efficient trade execution while maintaining the security and transparency of blockchain technology. The platform supports over 30 blockchains, including Ethereum, Solana, Binance Smart Chain, and Polygon, allowing users to trade a wide range of cryptocurrencies without having to navigate multiple platforms.
Security and Wallets: Bloom relies on Multi-Party Account (MPC) wallets, which enhance security by allowing users to manage their assets directly from their own wallets, such as Trust Wallet and MetaMask, ensuring complete control over funds while benefiting from the platform’s strong security measures.
Peer-to-Peer (P2P) Trading: The platform supports peer-to-peer trading, allowing users to make local transactions using their local currencies, reducing the need for currency conversion and transaction fees.
Rewards System: Blum offers a rewards system based on Blum points, where users can earn these points by interacting with the platform, completing tasks, and inviting friends. Points can be redeemed for various in-app rewards, encouraging continued engagement.
Price Performance: As of December 25, 2024, Blum is priced at around $0.01697, with a daily trading volume of around $55,570. The coin has seen a 5.72% decrease in the past 24 hours.
How to buy: Blum can be purchased through trading platforms such as Bitget, where you can create a free account, choose the appropriate funding method, and complete the purchase process easily.
Development Team: Bloom was founded by a team of professionals with experience in global finance and blockchain technology, including Gleb Kostarev, Co-Founder and CEO, who previously served as VP at Binance.
Future of the currency: With a focus on providing a distinctive user experience and broad support for blockchain networks, Bloom seeks to strengthen its position in the cryptocurrency market and provide sustainable value to its users.