As Telegram mini-apps are taking over the crypto space by a storm, another hybrid crypto exchange âBlumâ has also entered the race. Designed for emerging markets, Blum promises to revolutionize the crypto trading experience by merging the best of centralized and decentralized exchanges. Moreover, the buzz around a possible airdrop in Blum has set alarm bells blaring in the crypto community.
Blum is set to provide users with a seamless, secure, and efficient way to trade crypto assets. All from the convenience of a mobile app or a Telegram mini app. If you are not familiar, this guide will help you explore what Blum is and what it has to offer including its features, Blum Points, and details about potential airdrops.
âŠïžFeatures of Blum
Blumâs robust feature set is designed to streamline the trading process, making it accessible and user-friendly for traders of all levels. Here are some of its core functionalities
âŠïžHybrid Model
Blum combines an off-chain order book with on-chain settlements, offering users the choice of self-custody or multi-party computation (MPC) options. This hybrid approach provides the speed of centralized exchanges with the security benefits of decentralized platforms.
âŠïžUniversal Token Access
Blum automatically lists tokens that have sufficient liquidity from a variety of exchanges and protocols, giving users broad access to new and popular tokens.
âŠïžTrading via Telegram
In addition to its mobile app, Blum offers a trading experience through a Telegram mini app, making trading more accessible and integrated into everyday communication platforms. The trading process is gamified to enhance user engagement and make investing more interactive.
âŠïžSimple Derivatives
For those interested in derivatives trading, Blum offers user-friendly perpetual futures and options, including unique products like futures on NFTs and pre-market tokens.
âŠïžP2P Fiat Trading
Blum facilitates peer-to-peer (P2P) fiat trading, with a focus on local currencies and merchant integrations. This feature simplifies fiat transactions, making it easier for users in emerging markets to convert between crypto and their local currencies.
âŠïžSeamless Trading Across Networks
Blum simplifies the trading experience by allowing users to trade across multiple networks without the need to switch wallets or navigate complex interfaces. This means no more worrying about selecting the right wallet, choosing the correct DEX, or dealing with native tokens for network fees.
âŠïžBlum Points
One of the unique offerings of Blum is the Blum Points system, which allows users to earn rewards by engaging with the platform.
As part of the launch strategy, Blum Points farming will be available on the Telegram mini app, giving early adopters a chance to accumulate points that could potentially be converted into other rewards or perks within the platform. These points incentivize active participation and provide users with tangible benefits for their engagement, enhancing the overall user experience.
âŠïžBlum Airdrop
While the exact details for Blum airdrop are yet to be officially announced, it is expected that Blum airdrop will be launched in the next few months. The buzz around Blum suggests that early users who accumulate Blum Points might have an opportunity to benefit from future token distributions.
Airdrops are a common strategy in the crypto space to attract users and build a community around a new token or platform. Blumâs approach to incentivizing participation through points could be a prelude to such an event. Keep an eye on Blumâs announcements and community channels for updates on the airdrop details as they become available.