What is Blum?
Blum is a hybrid cryptocurrency exchange launched in April 2024. It is designed to bridge the gap between centralized and decentralized trading platforms. By combining the advantages of both models, Blum offers users a complete trading experience that incorporates the best features of both centralized (CEX) and decentralized (DEX) exchanges. This approach allows users to access a wide variety of tokens and enjoy the security and transparency of blockchain technology, while maintaining the efficiency and ease of use of traditional exchanges.
Available as a mobile app and Telegram Mini App, Blum targets tech-savvy investors, particularly Gen Z and millennials. The platform simplifies cryptocurrency trading and includes gamification elements to increase user engagement. By focusing on emerging markets, Blum aims to democratize access to digital assets and create a seamless, secure, and efficient trading environment for all users.
Who created Blum?
Blum was founded by a team of experienced professionals with extensive backgrounds in global finance and blockchain technology. It aims to address the complexities and barriers that often hinder cryptocurrency traders. Leaders backing Blum include:
â Gleb Kostarev, Co-Founder & CEO: Former Vice President of Binance, providing expertise in operational strategy and global markets development.
â Vlad Smerkis, Co-Founder & CMO: Marketing and business development veteran, with experience in global brands like Red Bull and strategic roles at Binance.
â Vlad Maslyakov, co-founder and CTO: With over two decades of experience in finance, high-frequency trading and blockchain technology.
How does Blum work?
Blum operates as a hybrid exchange, integrating off-chain order books with on-chain settlement. This hybrid model allows for efficient trade execution while ensuring the inherent security and transparency of blockchain technology. Users can access tokens from over 30 blockchain networks, including popular ones like Ethereum, Solana, BNB Smart Chain, and Polygon. This broad compatibility means that users can trade a wide variety of cryptocurrencies without having to switch platforms or manage multiple wallets.
One of Blumâs most notable features is its multi-party computation (MPC) wallets, which enhance security by allowing users to manage their assets directly from their wallets, such as Trust Wallet and MetaMask. This way, users maintain control over their funds and benefit from the platformâs robust security measures. Additionally, Blum supports peer-to-peer (P2P) trading, allowing for localized transactions where users can trade cryptocurrencies using their local currency, thereby reducing the need for currency conversion and transaction fees.
Blum also incorporates a unique rewards system centered around Blum Points. Users earn these points by interacting with the platform, completing tasks, and inviting friends. These points can be redeemed for various rewards within the app, creating an incentive for continued participation and engagement. The platformâs Telegram Mini App, Blum Crypto Bot, serves as an entry point for new users, allowing them to start trading crypto risk-free.
What is the Blum Drop game?
The Blum Drop game is an engaging feature designed to make earning Blum Points fun and interactive. In this game, users catch falling objects for a limited time, and each one they catch is converted into Blum Points. This playful approach not only encourages user engagement, but also offers a novel way to quickly accumulate points.
Blum Drop requires a pass to play, which serves as an entry point to participate. Users can earn game passes by logging in daily and actively participating in the platform. This daily reward system encourages continued participation, with rewards growing each time you log in consecutively, ensuring that users remain active and connected.
The fast pace of the Blum Drop game keeps users engaged and makes the process of earning points fun. This feature, combined with daily rewards, helps maintain a high level of user engagement and activity on the platform.
Blum's achievements
1. Rapid user growth
â Since its launch, Blum has attracted over 20 million users in two months, making it one of the fastest growing platforms in the crypto space.
â As of June 2024, Blum was one of the largest Telegram channels, with over 14.2 million subscribers.
%1. Binance Labs Selection
â Blum was selected as one of 13 early-stage projects in Season 7 of Binance Labsâ Most Valuable Builder (MVB) Accelerator Program. This prestigious program offers world-class mentorship, educational resources, and networking opportunities.
â Participation in MVB Season 7 is a testament to Blumâs potential and commitment to improving the platformâs security, performance and user experience.
Blum's roadmap to 2024
Blum has an ambitious roadmap designed to significantly improve its platform and user experience. Here are the key milestones:
â Q2 2024: Expanded services such as Drop Game launch, public launch, balance tracking, self-custody wallets, token swaps, leaderboards, and Memepads.
â Q3 2024: Addition of advanced features such as MPC wallets, perpetual contracts (Perps) and availability of mobile apps on the App Store and Google Play.
â Q4 2024: Launch of a fully functional web platform to reach more users and offer a complete trading experience across all devices.
How to participate in the Blum airdrop?
The project confirmed an airdrop campaign starting in June 2024. To participate, users must interact with the Blum platform and accumulate Blum Points through various activities. Here is a step-by-step guide to increase your chances of participating in the airdrop:
1. Access the Blum Crypto Bot: Open the Telegram app and search for Blum Crypto Bot. Use the link provided or search directly to find and launch the bot.
2. Join the Drop Game: Go to the Drop Game section within the bot and participate to earn more points.
3. Complete social and referral tasks: Participate in social tasks such as following Blum on social media and inviting your friends to earn additional points.
4. Constant Engagement: Make sure you constantly interact with the bot and complete all available tasks to maximize your point earnings.
By staying active and accumulating Blum Points, users can increase their chances of participating in the Blum airdrop.
I invite you to participate in this project at the following link:
https://t.me/blum/app?startapp=ref_0N5KzkWTKf
