1 Blum Point = $50 / 5,000 = $0.01 (or 1 cent per BP)
To estimate the value of Blume Points (BP) based on the tweet, we can use the information that the prize includes 5,000 BP and 50 USDT for each winner. This gives us a direct comparison between the value of BP and USDT (a stablecoin pegged to USD).
Here’s how we can calculate it:
- 5,000 BP + 50 USDT is the reward for each winner.
- Since USDT is pegged to the US dollar, 50 USDT = $50.
Now, we assume that the Blume team considers 5,000 BP to be equivalent in some way to 50 USDT.
### Calculation:
Let’s break this down into the total value:
- If 5,000 BP + 50 USDT = $50,
- The total reward value (in terms of dollars) is essentially $50, where 5,000 BP + 50 USDT is what is being awarded to each winner.
