Blum (N/A)

🤔 What is Blum?

Blum is a decentralized exchange with more than 30M users worldwide. It provides trading options for tokens from both centralized and decentralized platforms, along with streamlined derivatives trading. It was expected to launch both a mobile app in the App Store / Google Play and a mini app inside Telegram. The Blum’s Telegram mini app is already live. The project offers futures trading and the ability to purchase any coin from various networks. Unlike CEXs, where purchasing certain tokens may be limited, and DEXs, which can be complex to navigate, Blum solves these issues. Additionally, the platform doesn't hold user funds; instead, users can either create an MPC wallet or connect their existing wallets such as Ton Wallet, Trust Wallet, Metamask, etc.

🤖 Blum Crypto Bot

‍Blum Crypto Bot is the Telegram mini app that serves as an initial point of interaction with Blum. The project’s team has tailored it to start the user’s journey by farming Blum Points, providing the basic cryptocurrency mechanics in a way without any risks. Users don’t need to make any initial investment to interact with the platform.

🗝️ Several key Blum’s features create its unique selling proposition in the market:

• Every coin you need

Blum brings users any coin they need in one place without switching between multiple platforms.

• Easy to use

Users can trade without chain switching, native token gas fees, or transaction confirmations.

• Localized P2P trading

Users have the chance to experience global opportunities with local currency trading.

• Trading via Telegram

The project has its mini app in Telegram with a mobile-first design and integrated gamified mechanics.

• Decentralized exchange

Off-chain orderbook, on-chain settlement, MPC or self-custody, enabling trades from wallets like Trust Wallet and MetaMask in one transaction.

💸 Most Valuable Builder (MVB) Accelerator Program

On March 1st, 2024, Blum announced that Binance Labs selected it for the seventh season of its Most Valuable Builder (MVB) Accelerator Program. Only 13 (1.8%) from over 700 projects were chosen for this MVB.

Through MVB VII, participants gain access to top-notch mentorship, tailored educational resources, and invaluable networking opportunities.

🤳 Blum Drop Game

In May, 2024, Blum launched its Drop Game with a simple intuitive tap-to-earn gameplay. The game extremely disrupted the niche and gained attention from a huge number of users.

💎 Blum Points

Points are going to be the main fertilizer inside the Blum ecosystem. Users can also trade them for boosts and other stuff in the future. The team hasn’t introduced any information about the Blum coin yet, so be careful to avoid scams.

❓ How to get more Blum Points:

1. Invite referrals – Score 10% of your buddies + an extra 2.5% from their referrals

2. Complete social tasks to earn more points

🪂 Rumors surrounding the airdrop of Blum tokens have been circulating for a long time, including a potential airdrop and token launch date of September 20, 2024. However, the latest Blum crypto announcement on Twitter/X did not mention this date.

Considering the significant attention paid to the project by the crypto community, our team decided to conduct comprehensive research on Blum. Here are its main pros and cons:

✅ Blum’s pros:

• Has its utility in creating a complex hybrid exchange with the best benefits of CEXs and DEXs;
• Has huge potential to become the Top 1 tap-to-earn platform;
• The project has already gained the attention of 30M users worldwide without releasing all its key mechanics;
• Blum was selected for Binance MVB Program;
• The team members have profound experience in crypto (CEO, CMO and VP of Product Design are Binance ex-lead workers);
• Strong SMM coverage (over 20M followers in social media);
• Solid PR performance;
• Good Marketing Infrastructure;
• Great Growth Marketing performance;
• The team frequently participates in AMA sessions.

❌ Blum’s cons: 

• Has no public tokenomics yet;
• No public information on Blum’s fundraising; 
• The team is behind the approved schedule in the roadmap;
• Has no public Security Audits;
• The Core team’s Country of Origin is a terrorist state - russia;
• Belov-the-average Search Engine Optimization.