Blum is a hybrid cryptocurrency exchange created by former Binance executives Gleb Kostarev and Vladimir Smerkis. The platform combines the features of both centralized and decentralized exchanges (CEX and DEX), allowing users to trade directly from their wallets while maintaining security and transparency. This innovative approach has the potential to transform the crypto trading space, making it more user-friendly and secure.
There are rumors circulating that Blum will launch in October 2024, with a starting price between $0.1 and $0.5. However, based on my research, these rumors are false. Blum has only announced that starting October 1, they will reveal the official launch date on their page on X. Additionally, the conversion rate is set at 3.33R, meaning 3.33 Blum points will equal 1 Blum token.