Blum Updates: Rumors are circulating that Blum will launch in October 2024 with prices hitting between $0.1 and $0.5. However, after my research, it turns out these rumors are false. Blum is only starting its countdown on October 1 and will announce the actual launch date on their official page on X. Additionally, the conversion ratio is set at 3.33R, meaning 3.33 Blum points will convert into 1 Blum token.
What is Blum?
Blum is a hybrid cryptocurrency exchange created by former Binance executives Gleb Kostarev and Vladimir Smerkis. It combines the advantages of both centralized and decentralized exchanges (CEX + DEX), allowing users to trade directly from their wallets while maintaining security and transparency. This hybrid model could be a game-changer for crypto trading, making it both easy to use and highly secure.
