The TON & Telegram ecosystems have recently exploded with the rise of Notcoin and Tap-to-Earn games. Blum is an emerging exchange on Telegram with that mechanism and Blum is also a DEX with a hybrid mechanism that allows trading tokens from CEX and unlisted tokens through a mini app on Telegram. So what is special about Blum? Let’s find out with Unich Analyst in this article.
Blum project overview
What is Blum crypto?
Blum is a hybrid exchange designed for emerging markets, providing access to tokens from centralized and decentralized exchanges, along with simplified derivatives trading. Will be available as a mobile app and a Telegram mini app.
Blum gives users all the coins they need. No more apps to jump ship to keep up with your digital money. Whether you’re here for the OG coins like Bitcoin and Ethereum, are into meme coins, or are looking for the new kids on the block, Blum has you covered. Supporting over 30 chains, including major coins like Ethereum, Solana, Binance Smart Chain, and Ton, Blum makes sure you’re always up to date.
How Blum Works
Blum simplifies the crypto trading experience by providing a unified platform where users can access tokens from both CEXs and DEXs.
Unlike traditional exchanges that often require users to switch between different apps or platforms, Blum allows trading across multiple chains within a single app. This eliminates the complexities associated with navigating through interfaces and managing multiple wallets.
To achieve this, Blum combines the benefits of an off-chain order book with on-chain payments. The hybrid model ensures efficient transaction execution while maintaining the security and transparency inherent in blockchain technology. Users have the flexibility to choose between self-custody options or use Blum’s Multi-Party Computation (MPC) wallet for added security and ease of use.
Currently, Blum supports over 30 blockchains, including prominent names such as Ethereum, Solana, Binance Smart Chain, and Polygon. Blum’s broad coverage ensures users have access to a wide range of cryptocurrencies, from classic tokens like Bitcoin and Ethereum to emerging meme-coins and innovative layer 2, layer 2 tokens.
In addition, Blum is designed with Gen Z and Gen Y in mind, prioritizing simplicity and intuitive navigation. The platform’s mobile-centric approach and integration with Telegram as a mini App enhance accessibility, allowing users to trade, track, and manage their portfolios with ease. Gamification mechanics add excitement to the user experience, turning the trading experience into an interactive experience similar to familiar social networks.
Applications of Blum
- Hybrid on-chain and off-chain transaction processing model: Blum combines off-chain transaction processing with an orderbook and on-chain transaction recording. This helps Blum process transactions faster with low transaction fees.
- Access to new tokens: Blum automatically lists new tokens that are not listed on CEX but have liquidity on other DEX exchanges for users to trade easily.
- Direct trading on Telegram: Blum develops DEX exchange by integrating a mini App on Telegram so that users can trade most conveniently. However, Blum has not launched a DEX product and has only launched a Tap-to-Earn game for users to earn Blum Points.
- Diverse derivatives trading: Blum provides diverse derivatives trading services such as Margin, Futures, Options, etc. Not only for tokens on CEX, Blum also supports derivatives trading for NFT and tokens on DEX.
- P2P trading: Blum is focused on expanding the integration of multiple currencies across multiple countries so that users can trade P2P easily.
Project token
There is no information about the project token yet.
Roadmap
- Q2 2024: Service expansion: Blum will introduce several new features, including Drop games, public launch, balance tracking, self-custody wallets, token swaps, leaderboards, and Memepad. These improvements are aimed at providing a more engaging and comprehensive user experience on the platform.
- Q3 2024: Advanced features: The development focus will shift to advanced financial tools and security. Blum plans to launch MPC (multi-party computation) wallets and perpetual contracts (Perps), and launch the platform on both the App Store and Google Play. These additional features will improve security and expand accessibility, allowing users to trade and manage their assets more efficiently on mobile devices.
- Q4 2024: Expanding accessibility: Blum will launch a fully functional web platform to reach a wider audience. The move is designed to serve users who prefer to trade on a desktop and want a comprehensive view of their portfolio. The web platform will support mobile and Telegram mini-apps, providing a seamless trading experience across devices.
Blum Project Team
- Gleb Kostarev: Co-founder and CEO at Blum. He served as VP of Binance from 2018 – 2023, expanding the Binance exchange to Kazakhstan and Japan.
- Vladimir Smerkis: Co-founder and CMO at Blum. Similar to Gleb, he also worked at Binance as General Manager.
- Vladimir Maslyakov: Co-founder and CTO at Blum. He has many years of experience in blockchain and finance, as CTO at Everscale, Broxus, Hyperflex…
Airdrop instructions
Blum developers have confirmed an airdrop campaign starting in June 2024. Joining the Blum Drop game is a way to earn points in preparation for the Blum airdrop. Here’s how you can get started and maximize your earnings to qualify for the $BLUM airdrop when the token launches:
- Go to Blum Crypto Bot: Open the Telegram app and search for Blum Crypto Bot or visit the link and get started.
- Join the Drop game: Once you have opened the Blum bot, navigate to the Drop game section. You can join the game to earn more points here.
- Play the game: The Drop clicker game is represented by tapping or clicking actions in the mini-app. The goal is to collect as many points as possible by interacting with the elements in the game. Check and play the game multiple times a day. You can earn points every eight hours, so participate regularly to maximize your points.
- Complete social tasks and referrals: Boost your points by completing various social tasks. These tasks can include following Blum on social media, sharing content, or participating in community activities.
- Invite friends and earn referral points: Use referral links to invite friends to join Blum. You will earn 10% of the points your friends accumulate and an additional 2.5% from their referral activity. This will significantly increase your total points.
By following these steps and staying active with the Blum crypto bot, you can effectively participate in the Drop game and maximize your earnings for the Blum airdrop. Be proactive and make the most of your time on the Blum Telegram mini-app.
Also to earn more daily rewards on Blum. Every day you log in, you will receive a certain amount of Blum Points (BPs) and Game Passes. The rewards will increase gradually during the first week.
Make it a habit to log in to Blum every day. As you log in every day, your rewards will increase, making it easier for you to accumulate points and Game Passes.
- Day 1: 10 BPs + 1 Game Pass
- Day 2: 20 BPs + 2 Game Passes
- Day 3: 30 BPs + 3 Game Passes
- Day 4: 40 BPs + 4 Game Passes
- Day 5: 50 BPs + 5 Game Passes
- Day 6: 60 BPs + 6 Game Passes
- Day 7: 70 BPs + 7 Game Passes
From Day 7 onwards, you will continue to receive 70 BPs and 7 Game Passes every day you log in.
Maintain a login streak: You should maintain a continuous login streak to ensure you get the maximum rewards available.
Redeem Points and Game Passes: Use your accumulated Blum Points and Game Passes to enhance your gaming experience and earn more rewards. The longer you maintain a login streak, the more you can benefit from the rewards system.
Pre-Market Trading on UnichAccess the Unich OTC Trading Platform
- Connect your wallet to the Unich Pre-Market OTC platform
- Select a Blum trading pair to buy or sell with Blum on the Pre-Market market
- Deposit collateral and complete payment
Project potential assessment
Unparalleled access to new tokens Blum empowers you to discover and invest in promising tokens before they appear on mainstream CEXs. Seamless trading across networks eliminates the hassle of switching between wallets or figuring out which DEX to use. Blum simplifies your trading experience by removing common barriers. Users no longer have to worry about choosing the right wallet, choosing a DEX, or purchasing specific native tokens for network fees.
Meme Coins and the Power of Community. Recognizing the cultural impact of meme coins, which appeal to 40% of Millennials and Gen Z for their humor and sense of community, Blum embraces this trend, recognizing the unique value these tokens bring to the crypto ecosystem and ensuring users have access to these vibrant and dynamic markets.
That said, Blum is growing rapidly, with plans to expand its functionality and introduce new features by the end of 2024. Upcoming developments include mobile and web versions, enhanced mini-app capabilities, and the launch of a ‘Memepad’ to promote new projects. This application aims to integrate these projects seamlessly, providing tasks and games with the ability to distribute tokens to the Blum community.
Conclusion
Blum is a hybrid DEX that allows users to trade tokens available on CEX or new unlisted tokens through a mini app on Telegram. This could be a big push in the Crypto market to bring Meme to a large number of users on the Telegram application. Currently, Blum has only launched the Tap-to-Earn game that allows people to play games to earn Blum Points and the project has attracted more than 30 million participants. Above is the information about Blum that Unich Analysis has compiled and sent to you. Thank you for your attention.
