If you're a seasoned Telegram user, you've probably heard of Blum, the mini app that's been making waves in the play-to-earn scene thanks to its exciting roadmap and the amazing team behind the project.
However, when you access Blum on Telegram, all you see is an interface to periodically collect Blum points and a “drop game.” Is this the long-awaited Blum project that Web3 professionals have been looking forward to, or is there more to it than meets the eye?
From decoding Blum points, to highlighting Blum’s plans to become a hybrid cryptocurrency exchange, here’s everything you need to know about Blum and why it’s so popular among Telegram users.
summary
Blum is a yet-to-be-launched hybrid cryptocurrency trading platform that plans to combine the advantages of off-chain order books and on-chain settlement.
While the mobile app and crypto trading services have not been officially launched, Blum currently operates as a Telegram mini-app that can be accessed via invites only.
The Blum widget motivates users to start their Blum Points journey early with different tasks, a Drop Game, and a referral system.
Pokras Lampas' collaboration with Blum has been very successful and is a sign of the benefits and functions to come for Blum's future.
Despite some feature delays, Blum users remain optimistic about the team's ability to deliver on its promised roadmap.
What is Blum?
Blum is a cryptocurrency project that aims to become a hybrid cryptocurrency trading platform by combining off-chain order books with on-chain settlement. The goal of this approach is to provide a seamless user experience for cryptocurrency traders so that you can trade directly from your wallet using an integrated Telegram mini app.
With support across 30+ networks, users enjoy access to various cryptocurrency trading opportunities across CEXs and DEXs in a user-friendly and secure environment, so they can trade everything from hidden gems to simple derivatives.
Why is Blum so popular?
Despite the app’s core trading platform services not being launched yet and being a work in progress, Blum has gained interest and popularity from Web3 users and cryptocurrency newbies alike. This is largely due to the following reasons.
Relationships with Binance
As a prominent participant in the Binance Most Valuable Builder (MVB) accelerator program, Blum has received significant attention within the crypto community. Being selected means that the app has been recognized and praised by a major centralized exchange (CEX) and validates Blum’s innovative approach, cementing its position as a promising platform to watch for.
Participating in the MVB program is also likely to provide Blum with valuable resources and guidance to further develop its technology and improve user experience. This could accelerate Blum’s growth and push it towards becoming a leading face in the cryptocurrency trading landscape. Add to this the fact that Blum’s team includes many former Binance executives, and the team has the experience and knowledge to execute on its ambitions.
