The cryptocurrency community is abuzz with anticipation for Blum, a new hybrid exchange set to make waves in the market. Speculation has suggested that Blum might launch in October 2024, with a price range between $0.12 and $0.48. However, Blum has officially put these rumors to rest, clarifying that the exact launch date will be announced on October 1st via their X page.
### Tokenomics Update:
Blum has confirmed the conversion rate for its points: 3.25 Blum Points will be converted into one Blum token.
### What is Blum?
Blum, developed by former Binance executives Gleb Kostarev and Vladimir Smerkis, is a hybrid platform that merges the best of both centralized (CEX) and decentralized (DEX) exchanges. This unique structure allows users to trade directly from their wallets, offering improved security and transparency.
Stay tuned for more updates as Blum prepares to transform the crypto trading landscape.
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