What is the Blum cryptoproject

The growth of the digital currencies market in 2024 has given a boost to the industry. Almost every day crypto projects appear that attract the attention of community participants. One of them is Blum. This startup was founded by former top managers of the Binance exchange. They plan to create a decentralized service for the exchange of digital assets with support for 30 blockchains. The future token of the crypto exchange Blum will have auxiliary functions. Until the trading platform appears, the digital currency attracts users due to the opportunity to earn money.

What is the Blum cryptoproject

It is a platform that combines elements of centralized and distributed finance. Once released, it will give users access to exchange various cryptocurrencies from a single app.

The developers of the project state that the exchange will support more than 30 blockchains. At the same time, the application already has social elements and game mechanics. They help users feel part of the community, which increases the level of engagement.

So far, the cryptoproject is presenting another “tapalka” such as Hamster Kombat and OKX Racer. This draws users’ attention to the app. For various actions, they receive in-game points, which in the future will be able to be exchanged for tokens of the startup.

The main idea of the project

The development team plans to launch an exchange in Telegram, which will allow for quick exchange of digital assets. For many users, the application will replace traditional trading services. For conversion, it is enough to connect a wallet, open the platform, select an asset for sale and finalize the transaction. According to the developers, native coins will be allowed to be exchanged without commission.

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Current functionality

In mid-August 2024, the app is gaining popularity thanks to rumors about the future of Airdrop. Users earn in-game Blum Point (BP) points, which can later be exchanged for project tokens.

A number of signs point to a planned listing of the cryptocurrency in the 3-4th quarter of 2024.

The bot also features Tribes. It allows participants to join “tribes”. Joining them increases the profitability of farming by 10%. The creators of the cryptocroject claim that later there will be special events for “tribes”. They will help to earn additional BP.

Development plans

The developers of the project in May presented a roadmap until the end of 2024. From it, most of the team’s plans are known. The main ones are:

• Launch a platform for creating memepad meme tokens.
• Develop a trading platform.
• Implement open-ended swaps (futures).
• Implement a feature to support third-party wallets such as MetaMask or Trust Wallet.

These are not all the plans of the crypto project founders. According to the roadmap, they aim to launch a trading platform with full functionality by the end of 2024. This will include the appearance of the cryptocroject’s coin Blum. The developers also hint at a few more surprises, but are keeping them secret for now.

Who created the Blum token

Unlike many other projects, the developers of this startup do not hide their names. The Blum Coin application was created by Gleb Kostarev and Vladimir Smerkis. They are former top managers of the Binance exchange.

Gleb managed the company’s Eastern Europe division. Vladimir is the director of Binance in the CIS countries.

Both left their posts in 2023 during the personnel reshuffle among the company’s top managers. After leaving, the entrepreneurs launched the Binance crypto project. They plan to open the headquarters of their new company in the UAE soon. Their goal in the country is to raise institutional capital to grow Blum’s game. The UAE has the right environment for this.

Blum cryptocurrency listing date

Despite the presence of a roadmap on the project’s website, it is not known when the coin will appear. But users of the platform believe that the release and listing of Blum will take place before the end of 2024. This is indicated by indirect signs. For example, the founders seek to finalize the full functionality of the trading platform before the New Year. This may indicate the imminent appearance of the cryptocurrency exchange Blum.

Token price

The digital asset has not yet been launched. Participants of the cryptoproject are available only by farming BP points. But the development team is working on the development of Blum. Many participants of the mini-app expect the token to be listed before the end of 2024. But it is impossible to predict in advance the price of the digital currency after it is added to exchanges.

How to earn on the cryptoproject Blum

According to the founders of the application, it has attracted more than 30 million users. This is largely due to the desire of participants to earn on the Blum airdrop. To do this, you need to accumulate in-game BP tokens. Later they will be exchanged for tokens of the project. You can earn BP with the help of:

• Tasks in the Tasks section. New participants of the project have access to 44 quests for which BP are given.
• Farming. In the Home tab, you can invest tokens in farming once every 8 hours. During this time, users receive passive income.
• Daily rewards. Once a day, members receive a bonus when they launch the app.

Users can play Blum. The developers have provided an arcade called Drop Game. In it, you need to click on falling “stars” within 30 seconds. For this, participants receive points. From their number depends on the award in BP.

Another way to earn in-app points is to participate in the referral system. It allows you to profit at a rate of 10% of the income of first-level invitees. But from their referrals, program participants earn another 2.5% on top.

Also in the Tasks section there are tasks, the essence of which is to invite new users. More details about the conditions of their fulfillment – in the table.

Is it possible to withdraw earned coins

The project appeared in 2024, its founders have not yet had time to finish the application and launch cryptocurrency. Therefore, it will not be possible to withdraw money from Blum in Telegram yet. But the possibility of withdrawing internal tokens will be added in the future.

Prospects of the Blum token

The creators of the project are experts in the industry of digital assets. Previously, they managed separate divisions of the largest exchange Binance. Therefore, the project has all the prospects of becoming in demand.

Author: Saifedean Ammous, an expert in cryptocurrency economics.