In recent weeks, there’s been a wave of excitement and speculation around **Blum**, a highly anticipated hybrid cryptocurrency exchange. Rumors circulated suggesting that Blum would officially launch in **October 2024**, with token prices ranging between **$0.1 to $0.5**. However, these claims have now been debunked. Here’s the truth about Blum’s progress and what the crypto community can really expect.

#### The Reality Behind the Rumors

Contrary to the chatter, Blum’s team has **not** confirmed an official launch date yet. Instead, they’ve stated that beginning **October 1, 2024**, they will release further details about the launch via their official page on **X (formerly Twitter)**. The team behind Blum wants to ensure accuracy and transparency in their communications as they prepare for a major step in their journey.

One confirmed piece of information, however, is the **conversion rate** for Blum’s token. Each **3.33 Blum points** earned by users will convert into **1 Blum token**. This exchange rate provides clarity and sets expectations for users eagerly awaiting the platform’s full launch.

#### What is Blum?

For those who aren’t familiar, **Blum** is a **groundbreaking hybrid cryptocurrency exchange** co-founded by former Binance executives **Gleb Kostarev** and **Vladimir Smerkis**. Blum aims to combine the best features of both **centralized (CEX)** and **decentralized (DEX)** exchanges, offering users enhanced security, transparency, and the flexibility to trade directly from their crypto wallets.

Blum’s hybrid model is designed to solve many of the challenges that traditional exchanges face, such as security vulnerabilities, liquidity issues, and complex user interfaces. By bridging the gap between centralized control and decentralized freedom, Blum seeks to make **crypto trading more accessible and secure for everyone**, regardless of their level of experience.

#### Why Blum is Poised to Make an Impact

With a strong leadership team of ex-Binance executives, Blum benefits from deep expertise in the cryptocurrency space. Both Kostarev and Smerkis have extensive experience in building and scaling crypto exchanges, which bodes well for Blum’s future. They’ve set out with a mission to provide users with a seamless and secure trading experience by leveraging **blockchain technology** and **cutting-edge security protocols**.

By allowing users to trade directly from their wallets, Blum offers greater control and peace of mind over assets, which is a significant step forward in the era of decentralized finance (**DeFi**). At the same time, by maintaining a central authority for regulatory compliance and liquidity, it avoids many of the pitfalls of purely decentralized exchanges, like lack of support and high volatility.

#### What’s Next for Blum?

The crypto community should stay tuned to Blum’s official **X page**, as the company plans to release its launch date and other critical updates in the coming weeks. Blum’s hybrid exchange is expected to become a game-changer in the industry, making crypto trading safer and more efficient for users worldwide.

Until then, don’t be swayed by the rumors circulating about launch dates or token prices. Blum’s official announcements will provide the most accurate and up-to-date information.

### Key Takeaways:

- **Launch Date:** No confirmed launch date yet. Official updates will begin on October 1, 2024, via Blum’s **X page**.

- **Token Conversion:** 3.33 Blum points = 1 Blum token.

- **Blum Overview:** Hybrid cryptocurrency exchange combining the strengths of centralized and decentralized trading.

- **Mission:** To make crypto trading more secure, accessible, and user-friendly.

With the cryptocurrency space evolving rapidly, Blum stands at the forefront of innovation. It’s clear that this hybrid exchange could play a pivotal role in shaping the future of crypto trading.

Stay connected for more updates—**Blum’s big moment is coming soon!**

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