Blum is one of the few Telegram mini-apps that gathered an immense auditory over the last couple of months. However, Blum has something other projects do not — a working product.
In this article, we’ll give you all the information you might need to understand what Blum is and how it works.
Enjoy!
What is Blum?
Blum is a hybrid crypto exchange. It combines centralized and decentralised exchange features into a simple, user-friendly Telegram mini-app. With Blum, users can trade derivatives, access tokens across over 30 blockchains, and engage with crypto easily from their phones.
As a Blum user, you can also farm Blum Points by completing interactive tasks like missions and inviting friends. These points may be traded for rewards and boosts in the future, adding a fun, engaging layer to the exchange.
This works great for attracting new customers who have never used cryptocurrency. Blum’s CEO stated that, as of September 2024, more than 50% of all Blum users are not crypto natives.
Blum supports major chains like Ethereum, Tron, Solana, and Polygon, giving users access to a wide range of cryptocurrencies, from Bitcoin and Ethereum to memecoins.
Blum’s Core Exchange Features
Blum’s core exchange offers four standout features that aim to simplify and enhance the crypto trading experience. Let’s review each one of them:
- Universal token access: Blum offers access to a wide range of tokens, catering to both seasoned traders and newcomers. It ensures users can trade popular coins like Bitcoin and Ether, as well as lesser-known crypto options.
- Simplified derivatives trading: Blum provides an easy approach to derivatives trading, including perpetuals, options, futures on NFTs, and pre-market tokens. It aims to make complex trading strategies, like leverage and hedging, accessible within the Telegram ecosystem.
- P2P fiat trading: Blum integrates peer-to-peer fiat trading, allowing users to buy and sell crypto using local currencies. This feature connects buyers and sellers directly, often at more competitive rates than traditional methods.
- Blum points farming: The platform offers a gamified experience where users can earn Blum Points by engaging in the mini-app’s drop game and completing tasks. These points can be exchanged for rewards within the Blum ecosystem, enhancing user engagement.
Why Is Blum So Popular?
Blum’s popularity stems from several key reasons. First, its connection to Binance has attracted significant attention. As a participant in Binance’s Most Valuable Builder (MVB) accelerator program, Blum has gained credibility and access to valuable resources. This association, along with its team of former Binance executives, enhances Blum’s reputation and potential for growth.
Next, Blum’s integration with Telegram makes it highly accessible. Users don’t need to download a separate app, as they can trade directly from their Telegram interface. This seamless integration leverages Telegram’s vast user base, making it easier for crypto newcomers to start trading in a familiar environment.
Lastly, Blum’s hybrid exchange model stands out. Unlike traditional exchanges, Blum doesn’t hold your crypto. Instead, it matches buyers and sellers through an off-chain order book, ensuring faster transaction speeds.
The actual trade settlements occur on-chain, providing transparency and security. This innovative approach addresses a common issue in the crypto space, making Blum more appealing to users who value both speed and security.
Blum Token and Airdrop
The Blum Token and airdrop event are designed to reward active participants in the Blum ecosystem. You can earn Blum Points by farming, completing tasks, and inviting friends. These points might be redeemable for boosts and other rewards within the app in the future.
To start farming Blum Points, register via the Blum Telegram bot using your email invitation link. Once registered, click the “farm” button to earn points, which can be claimed every eight hours. Regularly interact with the bot and complete tasks to increase your points. You can also follow Blum on social media for more opportunities.
The Blum airdrop campaign began in June 2024. To participate, access the Blum Crypto Bot on Telegram, then join the Drop game to collect points. Engage with the clicker game multiple times daily, earning points every eight hours. Complete social tasks, share content, and invite friends to boost your points. You earn 10% of your friends’ points and an extra 2.5% from their referrals.
By following these steps and actively engaging with the Blum Crypto Bot, you can maximise your points and be eligible to claim $BLUM tokens during the airdrop. Stay engaged to make the most of this opportunity!
Conclusion
Blum is an innovative crypto platform designed for Millennials and Gen Z. Its user-focused features and transparent approach set it apart in the market.
By engaging with the platform and farming Blum Points, users can benefit from future rewards. Stay active and informed to make the most of Blum’s potential.
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