As a @DAO Labs social miner, I continue to research projects that have received #BinanceLabs support. Today, we'll take a brief introduction to #BLUM .io, a project that was selected for the MVB VII program.
The collapse in altcoins after the $BTC crash has caused many investors to look for safer havens. As you may remember, in this article (https://www.binance.com/en/square/post/10262514130273), I analyzed Binance Labs' investment portfolio and when we looked at the investment returns, we saw that better returns were achieved with the effect of the general market situation. In this case, it may be the most logical step to follow the projects supported or monitored by Binance Labs.
Binance Labs has invested in +250 projects so far and has incubated more than 50 of these projects. The Blum project is among the projects that have caught the attention of Binance Labs and has already taken its place in the 7th season of the MVB (Most Valuable Builder) program.
The MVB program is an incubation program that supports early-stage blockchain projects and offers a variety of resources and mentorship services to help them grow rapidly. Projects in this program can grow faster and more reliably thanks to Binance Labs' extensive network and financial support, but what are the key features that put the incubated Blum project ahead of the other candidates?
Hybrid Model: Blum combines the speed and cost advantages of centralized exchanges with the security of decentralized exchanges.
Broad Token Access: Automatically lists tokens from various exchanges and protocols.
Mobile and Telegram App: Provides users with easy access and the ability to complete tasks and earn rewards via the Telegram bot.
User-Friendly Derivatives Products: Offers simple and straightforward derivatives products.
P2P Fiat Trading: Enables easy fiat trading with local currencies.
Roadmap and Future Plans:
Blum detailed future developments and plans to improve the user experience:
Q2 2024: Addition of new features such as Drop Game, Public Launch, Balances, Self Protection Wallets, Swaps, Leaderboards, and Memepad.
Q3 2024: MPC Wallet, Perpetuals, App Store and Google Play launch.
Q4 2024: Launch of a fully functional web platform (Blum).
Blum and DAO Labs Social Mining:
Blum has attracted a lot of attention, especially with community-driven events and campaigns.
Many users, myself included, got to know the Blum project through the Blum Telegram bot that we installed on the Telegram app. Right now we only farm points. Sometimes special tasks are published and we earn Blum points by completing these tasks.
How can you earn Blum points after activating this bot?
By playing games (be careful with mines, if you accidentally step on them you will lose the points you collected during the game).
Visiting the app every 8 hours and claiming your farmed points.
Completing tasks on the Task page.
Inviting your friends.
Now the following question may come to your mind: All we have now is a telegram bot. Is this the only thing that got Binance Labs' attention?
You're absolutely right. When I watched the video content about Blum, I thought, "I should definitely install and test this app," and I was shocked to see that it was just a click-to-win kind of app. But if you look at the roadmap a little bit more carefully, every action we take on the app is us exploring and familiarizing ourselves with the app. With each feature addition, we'll learn more and more about Blum and what benefits we'll get with the points we earn. So we haven't even discovered the real deal yet.
In a similar way, #DaoLabs #SocialMining offers a system that encourages active community participation and rewards participants. Social mining allows community members to promote the project, complete tasks and earn rewards in the process. This helps projects grow organically and build a strong community.
Blum is a promising project that aims to provide innovative and user-friendly solutions for cryptocurrency trading with the support of Binance Labs. This support plays a critical role in Blum's technological development and strengthening its position in the market.
#Write2Earn!
