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Get to Know Blum: The Hybrid Crypto Exchange on the Rise

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2024-07-01 | 5m

In the fast-moving world of cryptocurrency, new projects pop up all the time, each one trying to change the way we trade digital currencies. But here’s a name you won’t forget: Blum. Imagine a place where the best parts of centralized and decentralized exchanges come together in one easy-to-use platform. That’s Blum – a project set to revolutionize how we trade and interact with cryptocurrencies.

The Birth of Blum: A Hybrid Exchange

Blum was created by three industry experts: Gleb Kostarev, Vlad Smerkis, and Vlad Maslyakov. These guys have tons of experience in global finance and blockchain tech. Gleb used to be a VP at Binance and knows all about strategy and operations. Vlad Smerkis has worked with big brands like Red Bull and Binance, bringing serious marketing and business skills to the table. Vlad Maslyakov, with 24 years in finance and tech, adds deep technical know-how.

Blum was designed for emerging markets, making it easy and fun to use. It blends the best parts of centralized exchanges (CEX) and decentralized exchanges (DEX). This means you get the liquidity and user-friendly feel of a CEX, with the security and control of a DEX. Blum is here to make trading cryptocurrencies simple and secure for everyone.

Key Features of Blum

The Best of Both Worlds

In the cryptocurrency exchange ecosystem, CEXs and DEXs each bring their own set of advantages. CEXs are praised for their user-friendly interfaces and high liquidity, making transactions swift and straightforward. Conversely, DEXs provide enhanced security and autonomy by allowing users to trade directly from their wallets without intermediaries.

Blum combines these strengths, offering a hybrid exchange model that allows users to access a wide range of tokens from both CEXs and DEXs. This integration delivers the liquidity and ease of use of a CEX with the security and control of a DEX. With Blum, you can seamlessly trade your favorite tokens without the need to juggle multiple platforms.

Multi-Chain Support

Blum supports over 30 blockchain networks, including major ones like Ethereum, Solana, and BNB Smart Chain. This extensive support ensures that users can access a wide variety of tokens, from well-established cryptocurrencies to emerging projects. Whether you’re looking to trade popular tokens or discover new and exciting assets, Blum has you covered.

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Supported blockchain networks on Blum

Telegram Integration

Blum operates as a mini-app within Telegram, leveraging the messaging platform's vast user base to provide a seamless and accessible trading experience. This integration makes it easy for users to start trading without needing to download additional software. By tapping into Telegram’s over 1.5 billion users, Blum ensures that trading is as simple as sending a message.

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Users can easily trade cryptocurrency with Blum on Telegram

Gamified Engagement: Blum Points and the Drop Game

Blum goes beyond traditional trading by introducing a gamified engagement system centered around Blum Points. Users earn points not just through trading but by completing tasks, farming, and referring friends. These points can be used for various rewards within the Blum ecosystem, adding a fun and interactive element to the trading experience.

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How to farm blum points - Source: Blum Blog

The Drop Game, a fast-paced mini-game, enhances this engagement by allowing users to earn Blum Points by catching falling items. Each game attempt requires a Game Pass, which users can earn through daily logins and activities. This gamified approach keeps users engaged and incentivizes regular interaction with the platform.

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Blum Drop Game is a tap-to-earn game

Security and Accessibility at the Core

Security is a top priority for Blum. The platform utilizes multi-party computation (MPC) wallets and integrates with existing wallets like Trust Wallet and MetaMask, ensuring that users' assets are secure and under their control. Blum also supports seamless trading across multiple blockchain networks, eliminating the need for chain switching or native token gas fees. This user-friendly design makes Blum accessible to both experienced traders and newcomers.

The Future of Blum: What's Next?

Blum has laid out an ambitious roadmap for its future, with several exciting developments planned:

- Expansion of Services (Q2 2024): Blum plans to introduce new features such as Memepad for promoting other projects, advanced leaderboards to encourage competition, and token swaps for seamless trading. These additions are designed to enhance the user experience and provide more opportunities for engagement.

- Advanced Functionalities (Q3 2024): In the third quarter of 2024, Blum aims to launch MPC wallets, perpetual contracts (Perps), and mobile applications on the App Store and Google Play. These features will enhance security and accessibility, making it easier for users to trade on the go and manage their assets securely.

- Broadening Accessibility (Q4 2024): By the fourth quarter of 2024, Blum plans to launch a fully functional web platform, catering to users who prefer desktop trading. This expansion will broaden Blum's user base and provide a comprehensive trading experience across multiple devices.

Why Blum Deserves Your Attention

Blum is quickly becoming a big name in the crypto world, and here’s why you should take notice. Imagine a project that, in just two months, has already attracted over 30 million users. That’s right – Blum has seen explosive growth, making it one of the fastest-rising platforms out there. By June 2024, it had already become one of the largest Telegram channels, with over 14 million subscribers. This incredible growth shows that people are really excited about what Blum has to offer.

But there’s more. Blum was handpicked by Binance Labs for the Season 7 Most Valuable Builder (MVB) Accelerator Program. This isn’t just a pat on the back; it’s a huge deal. Being selected means Blum gets access to the best mentors, top-notch educational resources, and a network of industry leaders. This support from Binance Labs is a big thumbs-up for Blum’s innovative approach and its commitment to security, performance, and user experience.

For anyone looking to invest or explore new crypto projects, Blum is definitely worth your attention. Its rapid user growth and strong backing from Binance Labs make it a standout in the crypto space. Blum isn’t just another project – it’s a rising star with real potential. Now is the perfect time to dive in, do some research, and see what Blum can offer you.

Want to know more about Blum? Dive into the details here: Blum: Redefine How Millennials and Gen Z Interact With Crypto