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What Is Blum?

Blum is a hybrid crypto exchange introduced in April 2024. It is designed to bridge the gap between centralized and decentralized trading platforms. By combining the benefits of both models, Blum offers users a comprehensive trading experience that encompasses the best features of centralized exchanges (CEX) and decentralized exchanges (DEX). This approach allows users to access a wide array of tokens and enjoy the security and transparency of blockchain technology while maintaining the efficiency and user-friendliness of traditional exchanges.

Available as both a mobile app and a Telegram mini-app, Blum caters to tech-savvy investors, particularly Gen Z and Millennials. The platform simplifies crypto trading and includes gamified elements to enhance user engagement. With a focus on emerging markets, Blum aims to democratize access to digital assets and create a seamless, secure, and efficient trading environment for all users.

Who Created Blum?

Blum was founded by a team of seasoned professionals with extensive backgrounds in global finance and blockchain technology, aiming to address the complexities and barriers that often hinder crypto traders. The leaders behind Blum include:

• Gleb Kostarev, Co-Founder and CEO: Former VP of Binance, he leverages his expertise in operational strategy and global market development.

• Vlad Smerkis, Co-Founder and CMO: A veteran in marketing and business development, with experience at global brands like Red Bull and strategic roles at Binance.

• Vlad Maslyakov, Co-Founder and CTO: With over two decades of experience in finance, high-frequency trading, and blockchain technology.

How Blum Works

Blum operates as a hybrid exchange, integrating off-chain order books with on-chain settlement. This hybrid model allows for efficient trade execution while ensuring the security and transparency inherent in blockchain technology. Users can access tokens from over 30 blockchain networks, including popular ones like Ethereum, Solana, BNB Smart Chain, and Polygon. This broad support means users can trade a diverse range of cryptocurrencies without switching between multiple platforms or managing various wallets.

One of the standout features of Blum is its multi-party computation (MPC) wallets, which enhance security by allowing users to manage their assets directly from their wallets, such as Trust Wallet and MetaMask. This ensures users maintain control over their funds while benefiting from the platform's robust security measures. Additionally, Blum supports peer-to-peer (P2P) trading, enabling localized transactions that allow users to trade cryptocurrencies using their local currency, thus reducing the need for currency conversion and transaction fees.

Blum also incorporates a unique reward system centered around Blum Points. Users earn these points by engaging with the platform, completing tasks, and inviting friends. These points can be redeemed for various in-app rewards, creating an incentive for continuous participation and engagement. The platform's Telegram mini-app, Blum Crypto Bot, serves as an entry point for new users, providing a risk-free introduction to cryptocurrency trading.

What Is Blum Drop Game?

The Blum Drop Game is an engaging feature designed to make earning Blum Points fun and interactive. In this game, users catch falling items within a limited time, converting each item caught into Blum Points. This gamified approach not only boosts user engagement but also provides a novel way to accumulate points quickly.

Playing the Blum Drop Game requires a Game Pass, which acts as a ticket to participate. Users can earn Game Passes through daily logins and active participation in the platform. This daily reward system encourages consistent engagement, with increasing rewards for consecutive logins, ensuring that users remain active and involved.

The fast-paced nature of the Blum Drop Game keeps users on their toes, making the process of earning points enjoyable. This feature, combined with the daily rewards, helps maintain a high level of user engagement and activity on the platform.

Blum Achievements

1. Rapid User Growth

• Blum has attracted over 20 million users within two months of its launch, making it one of the fastest-growing platforms in the crypto space.

• As of June 2024, Blum ranks one of the largest Telegram channels with over 14.2 million subscribers.

1. Selection by Binance Labs

• Blum was selected as one of the 13 early-stage projects for Season 7 of the Most Valuable Builder (MVB) Accelerator Program by Binance Labs. This prestigious program provides top-notch mentorship, educational resources, and networking opportunities.

• Participation in MVB VII is a testament to Blum's potential and its commitment to enhancing platform security, performance, and user experience.

Blum Roadmap for 2024

Blum has an ambitious roadmap designed to enhance its platform and user experience significantly. Here are the key milestones:

• Q2 2024: Expansion of services, including the launch of the Drop Game, public launch, balance tracking, self-custody wallets, token swaps, leaderboards, and Memepad.

• Q3 2024: Introduction of advanced functionalities such as MPC wallets, perpetual contracts (Perps), and mobile app availability on App Store and Google Play.

• Q4 2024: Launch of a fully functional web platform to reach more users and provide a comprehensive trading experience across devices.

How To Participate in the Blum Airdrop

The project has confirmed an airdrop campaign starting in June 2024. To participate, users need to engage with the Blum platform and accumulate Blum Points through various activities. Here's a step-by-step guide to maximize your eligibility for the airdrop:

1. Access the Blum Crypto Bot: Open the Telegram app and search for the Blum Crypto Bot. Use the provided link or search directly to find and start the bot.

2. Join the Drop Game: Navigate to the Drop game section within the bot and participate to earn more points.

3. Complete Social Tasks and Referrals: Engage in social tasks like following Blum on social media and inviting friends to earn additional points.

4. Regular Check-ins: Ensure regular interaction with the bot and complete all available tasks to maximize your point earnings.

By staying active and accumulating Blum Points, users can boost their chances of participating in the Blum airdrop.

Is Blum a Good Investment?

Considering an investment in Blum? This hybrid cryptocurrency exchange is making waves with its blend of centralized and decentralized trading features. With rapid user growth and backing from big names like Binance Labs, Blum is positioned as a strong contender in the crypto market. Its innovative approach, supporting over 30 blockchain networks and gamifying user engagement, appeals particularly to Gen Z and Millennials.

But remember, the crypto market is known for its volatility. While Blum's unique features and strategic partnerships are promising, it's crucial to do your own research. As with any investment, potential investors should weigh these aspects against their risk tolerance and investment goals.

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