The crypto community is buzzing with excitement over Blum, an innovative hybrid exchange poised to make a significant impact in the market. While there has been speculation that Blum might launch in October 2024 at a price ranging from $0.12 to $0.48, the team has officially addressed these rumors. They clarified that the exact launch date will be revealed on October 1st through their X page.

### Tokenomics Update:

Blum has confirmed its token conversion rate: 3.25 Blum Points will be exchanged for one Blum token.

### What is Blum?

Blum, created by former Binance executives Gleb Kostarev and Vladimir Smerkis, blends the strengths of both centralized (CEX) and decentralized (DEX) exchanges. This hybrid model enables users to trade directly from their wallets, ensuring higher security and transparency.

Stay tuned for more updates as Blum aims to redefine the crypto trading landscape.

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