Introduction

The Play-to-Earn era in video games saw a quick surge in popularity, rapidly building large communities. However, the new trend of Telegram-based Tap-to-Earn games is more than just the hype, it’s an evolving landscape. Blum stands out as a thrilling adventure for explorers and gaming enthusiasts.

Blum is a hybrid crypto exchange for young and adventurous people who seek easy access to the Web3 world. Among other projects, Blum stands out by merging the best features of centralized and decentralized exchanges into a seamless, spot-on experience within a Telegram mini-app. In the long run, it aims to make crypto trading not only accessible but also fun and engaging.

In this article, we will explore Blum’s ecosystem, explain its purpose, and highlight the unique features that make it stand out in the crowded crypto space.

What is Blum?

Source: Quickex.io

Blum is a decentralized exchange that enables cryptocurrency trading and mining by offering unique trading experiences, supporting a wide range of tokens without the need for chain switching or dealing with native token gas fees.

As a mini-app on Telegram, Blum harnesses and capitalizes on Telegram’s extensive user base, which is over a billion users worldwide as of the time of writing (August 2024). This pinned strategy has swiftly allowed Blum to reach a wider audience, including regions where crypto adoption is gradually growing.

Designed for the Gen Z and Millennial audience, Blum prioritizes simplicity and intuitive navigation. It features a novel crypto mining initiative spearheaded by ex-leaders from Binance Labs.

Source: Blum

About the Team

Founded by a team of seasoned professionals with extensive global finance and blockchain technology backgrounds, Blum was created to address the complexities and barriers that often hinder crypto traders. Here are the founders:

Gleb Kostarev

Gleb is a co-founder and CEO of Blum with work experience at Binance as the Former VP. In his previous role, he leveraged his expertise in operational strategy and global market development, which he will bring to Blum.

Vladimir Smerkis

Vlad is also the co-founder and CMO (chief marketing officer) of Blum, posing as an expert in marketing and business development. He has a rich portfolio, including work with global brands like Red Bull and Binance.

Vladimir Maslyakov

Maslyakov is the chief technology officer (CTO), bringing over two decades of experience in finance, high-frequency trading, and blockchain technology.

With an experienced team and remarkable portfolio, Blum seems set for a promising future in the DeFi world.

Source: @georgijrafaelidi/blum-a-new-gem-a49df2d8d989">Blum

Investors

Blum attracted attention after participating in the Binance MVB (Most Valuable Builder) Season 7 Accelerator Program. Its involvement in the program highlighted its potential and demonstrated its commitment to maximizing top-tier resources to enhance platform security, performance, and user experience.

Support for Several Notable Blockchains

Source: CNN.com

According to its website, Blum supports over 30 blockchain networks, notably Ethereum, Tron, Solana, and Polygon. This coverage gives users access to a wide range of cryptocurrencies, including market leaders Bitcoin and Ethereum, emerging meme coins, and innovative L1/L2 tokens. This extensive blockchain support strengthens Blum’s credibility in the crypto space and will likely attract more investors and traders.

Main Features of Blum

Source: Atomicwallet.io

Hybrid Exchange Model

Blum offers access to tokens from centralized and decentralized exchanges, giving users a wide range of trading options. Users can also engage in simplified derivatives trading, such as Futures and Options, all within the platform.

Blum Points Farming

Users can start by clicking the farm button in the mini-app to accumulate points. After eight hours, farmed points can be claimed, and a new session can be initiated.

Community Engagement

Blum has placed a strong emphasis on transparency and active community participation. Its often live Q&A sessions, user tutorials, and shared blog posts keep users informed and involved. To further strengthen its community, Blum adds new tasks regularly, offering rewards for participation and incentivizing referrals from community members.

How Does Blum Work?

Source: Atomicwallet.io

Designed with the ability to approach the project in a truly dynamic way. Users can easily understand how it works, its features, how to farm Blum points, and how to participate in the ecosystem.

How to Participate in the Blum Airdrop

Source: Coin Mozo

To get started, users can use a direct link or open the Telegram app and search for the Blum Crypto Bot. Once located, the bot can be activated to begin Blum’s adventure.

Inside the mini-app, players can head over to the Drop game section, where they can participate in participatory activities to earn points. The game is simple yet fun, but it requires simple taps or clicks within the app to collect points. To get more points, players have to ensure that they check in every eight hours to maximize their earnings by playing multiple times within a day.

Blum Points can be further boosted by completing social tasks, such as following Blum on social media or participating in community activities under the Task section. Lastly, by sharing referral links and inviting friends, players earn 10% of their points, plus 2.5% from their referrals, helping them increase their total points significantly.

At TGE (token generation event), Blum Points will be converted to tokens and distributed to active players.

Maximizing Daily Rewards in Blum

Source: Blum

Consistency plays a critical role in maximizing Blum’s benefits, and making continuous login streaks also ensures that players receive the highest possible daily bonuses. Blum has structured its daily rewards system to incentivize consistent player engagement. Players who log in each day earn Blum Points (BPs) and Game Passes, with rewards increasing steadily throughout the first week of participation. This approach keeps users returning and encourages them to explore the platform’s offerings fully.

Game Passes are the key to playing the Drop Game within Blum’s mini-app. Each Pass grants a 30-second opportunity to catch falling green color-shaped items, which are then converted into Blum Points. Users receive five game attempts daily, refreshing their Game Passes every 24 hours. By logging in daily and using these Passes, participants can significantly boost their Blum Points, making the platform’s gamified experience both rewarding and enjoyable.

Comparing Blum with Other P2E Games on Telegram

Source: Trading View

Blum, Notcoin, and Hamster Kombat are among the leading Telegram Mini-App games (P2E; Play to Earn), with a large player base, functionalities, engagements, token dynamics, rewards, and community goals. This section will compare these projects to show Blum’s competitive advantage over several Play-to-earn and Tap-to-earn projects.

Blum Roadmap: An Overview

Source: Atomicwallet.io

Blum has laid an ambitious roadmap to enhance platform development and increase user growth. Here’s what it has in view:

• Q2 2024: Expansion of Services

Blum rolled out several new features, including the Drop Game, a public launch, balance tracking, self-custody wallets, token swaps, leaderboards, and the introduction of Memepad. These updates are designed to create a more engaging and comprehensive user experience.

• Q3 2024: Advanced Functionalities

The focus will be on security and advanced trading tools. Blum plans to introduce MPC (multi-party computation) wallets and perpetual contracts (Perps) and make the platform available on both the App Store and Google Play. These additions will enhance security and broaden access, allowing users to manage their assets efficiently on mobile devices.

• Q4 2024: Broadening Accessibility

Blum plans to launch a fully functional web platform for users who prefer desktop trading and a more comprehensive view of their portfolios. This web platform will complement the mobile and Telegram mini-apps, providing a seamless trading experience across all devices.

Is Blum a Good Investment?

Source: 99Bitcoins

As more industries begin to recognize and adopt blockchain solutions, Blum stands out as a platform capable of leveraging these advancements to deliver tangible value to its users and investors.

As seen in this article, Blum’s potential applications extend far beyond finance; its technology has implications across various sectors, including gaming and supply chain management. This versatility enhances its appeal and opens up multiple avenues for growth and expansion. Blum’s ability to adapt and integrate new solutions will likely increase its relevance and market presence as the blockchain landscape evolves.

Through strategic partnerships and a commitment to innovation, Blum is positioned for significant growth and expansion in the evolving DeFi landscape. While a native token is yet to launch; Blum’s dedication to delivering a superior trading experience suggests its potential for long-term investment appeal.

However, investors are encouraged to research and evaluate their risk tolerance before investing in the project or any other cryptocurrency because of the risks involved and the possibility of losing their funds. In addition, they should consider the cryptocurrency market’s volatility and potential regulatory changes.

Highlight

Blum’s Prank: A Calculated Risk

Blum’s July 4th, 2024, “prank”, involving a seemingly hacked situation, was a calculated risk designed to generate buzz and intrigue within the community. By temporarily altering the Mini-App Telegram game with Pokras Lampas’ distinctive calligraphy and fonts, Blum effectively raised concerns among its players and potential stakeholders.

On its official website, a post was made stating;

“Boo! Did we scare you yesterday? Don’t worry, your Blum Points and accounts are totally safe—it was just a prank! The Blum app and our socials got a boost from the super-talented Pokras Lampas”.

The post also revealed that this act from Blum was intentional to spike concerns within the community just for the fun of it. From Blum’s official blog post, “Pokras Lampas is a dope artist who blends classic calligraphy with graffiti to create huge, eye-catching murals. His works can be found all over the world, from the streets of Bangkok to buildings in New York”.

While the prank initially caused panic and frustration, it ultimately served as a strategic move to increase visibility and draw attention to the project. The subsequent announcement on Blum’s official website, revealing the prank and highlighting Pokras Lampas’ artistic talents, helped to mitigate negative sentiment and create a positive impression.

This event showcases Blum’s willingness to take creative and unconventional approaches to marketing and community engagement. By featuring a renowned artist like Pokras Lampas, Blum demonstrates its commitment to quality and its ability to attract influential figures to the project. As Blum continues to develop, we will likely see more collaborations with celebrities and artists, further solidifying its position in the crypto market.

How to Own Blum?

To own BLUM, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and getting it verified and funded. Then, when listed on Gate, you are ready to go through the steps to buy BLUM.

Useful References

For the latest updates about Blum, you can visit:

• Official website
• X
• Telegram
• LinkedIn
• Discord

Take Action on BLUM

As of this writing (August 2024), no listing pair has been made with BLUM, and no trading action has begun; until official announcements from the project are made.