BLUM: Scam or Legit?
Assalamu Alaikum,
Today’s topic is the fundamental analysis of the BLUM coin.
There isn’t much information available about BLUM, and it's likely new to many. Let me start by pointing out one major fact: Binance Lab, the world’s largest venture capital firm for cryptocurrency, has invested in the BLUM project.
So, what exactly is BLUM, and what is its use case?
BLUM is essentially a cryptocurrency trading platform on Telegram.
It already has a large community with 20 million users.
You can trade cryptocurrency directly within Telegram, without the need for an external exchange.
For example, instead of using platforms like Bybit, Binance, OKX, Kucoin, Mexc, or decentralized exchanges like Uniswap, you can trade through BLUM.
BLUM offers both centralized and decentralized trading options.
It supports 30 different blockchains, which is a significant advantage.
Another surprising feature is that BLUM allows peer-to-peer (P2P) trading.
In my opinion, BLUM has the potential to become one of the top exchanges in the next 5-7 years or even longer.
Now, you might be wondering about the team behind BLUM. Are they experienced, or could this be a project run by scammers or inexperienced members?
Here’s what we know:
The BLUM project is backed by influential figures and large crypto "whales."
While Binance Lab is one of its investors, many of team members are former Binance employees.
Several team members worked in Binance’s product team, and others held high-level positions, including Vice Presidents at Binance.
Their marketing efforts are focused on Asia, CIS, and Europe regions.
Many of them also previously held managerial roles at Binance.
Conclusion:
BLUM could be a life-changing opportunity for those who are highly active and dedicated to long-term involvement. Keep in mind that what you are currently earning in BLUM are Blum Points, which will be converted to BLUM tokens/coins when they officially launch. What you see now may look different in 5 years, but big changes are likely to come.
