What is Blum Crypto?
Okay, no more complicated crypto exchanges and such sky-high gas fees. What if one could trade on and on without changing blockchains or paying exorbitant fees? Here comes Blum Crypto: the next generation of hybrid crypto exchange, changing the world of DeFi.
Blum is a Telegram based airdrop on the Ton blockchain. This is also a tap to earn project like other telegram airdrop like hamster, x-empire in which you will get coins by tapping on the screen which you can withdraw after launch. It is a game-changer and takes the best from a centralized exchange with all the benefits of a decentralized exchange, providing an almost seamless trading experience for both newcomers and experienced crypto enthusiasts.
- Understanding Blum’s Unique Features as a Hybrid Crypto Exchange
- It stands out as a hybrid type distinct from a regular exchange. Some special things make it unique:
- Trade tokens and derivatives without changing blockchains.
- Low gas fees and on-chain settlement.
- Off-chain order book for efficiency.
- Combining the benefits of centralized and decentralized exchanges.
Blum lets you trade on various cryptocurrencies, thereby avoiding the hassle of navigating through multiple blockchains and difficult bridge systems. Indeed, it gives much simplicity to users seeking undisturbed experiences in trading.
Free Crypto Farming with Blum Points
Free crypto farming is probably one of the most interesting possibilities here in Blum, using those already acquired Blum points. Check how you can earn them:
- Daily check-ins (every 8 hours)
- Completing tasks
- Referrals
- Playing the drop game
- Participating in daily activities
These points are not only window dressing. They can be turned into tradable Blum tokens in the future, like in the case with other projects which have moved from points to tradable tokens. Of course, nothing is guaranteed, but the accumulation of Blum crypto points today might catch up later down the line.
User-Friendly Approach of Crypto Trading Using Blum
Bloom is an application designed with the beginner and the professional in mind. It has features that make it friendly to its users.
Crypto Bot for Beginners
Blum offers a crypto bot that offers new users an experience trading cryptocurrencies without having to spend real money. It’s an excellent way to get an insight into the mechanics of crypto trading in a risk-free scenario.
Wallet Connectivity
In this case, you will have to connect your wallet like all other Telegram airdrops or you can also connect any other private wallet which supports Ton blockchain. If you have a wallet on Telegram, you can easily get it on Telegram, even if you use Tonkeeper, you can easily get it on Play Store or App Store.Keep your wallet always connected.
The Team Behind Blum Crypto and Its Potential Impact
Blum boosts impressive credentials. Co-founders Gleb Kostarev and Vladimir Smerkis have previously held work positions at Binance, the world’s largest cryptocurrency exchange. The experience lends the project so much credibility and expertise behind it.
Furthermore, Binance Labs-the venture capital of Binance-has invested in Blum Crypto. This means that hope is still available for this investment and the project Blum, which has been considered a very promising one in the crypto space.
The mission is simple: to make crypto transactions simpler and more accessible to most people. Considering the experience and vision of the group, Blum may be a profound change in the future for interacting with cryptocurrencies.
How to Earn Blum Points and Optimize Your Drop Game Rewards:
Blum lets participants earn points which potentially may be converted into tokens later. These are some of the primary methods:
- Drop Game
This is a simple concept in which falling things can be tapped to score points. One should be cautious of the falling bombs since this will reset the score to zero.
- Farming on Blum
The farming aspect is ready every 8 hours. Remind yourself quite often so you can benefit as much as you can from this feature.
- Tasks under “Earn”
There are tasks under the “Earn” heading, such as watching videos and redeeming codes. Complete these often so that you can have an increase in the point count.
- On-chain Activities
Connect your wallet and follow the social media accounts of Blum to earn extra points.
- Blum Friend Referral Program
Invite friends to Blum, and you earn points based on the number of friends you have invited:
1 friend: 60 Blum points
10 friends: 200 Blum points
25 friends: 1,000 Blum points
50 friends: 3,000 Blum points
100 friends: 10,000 Blum points
Understanding the Blum Crypto Tokenonomics:
It basically works like any other cryptocurrency wallet. You can just get a connection to view your balance and the history of your transactions. The important thing to remember, though, is that the dollar value indicated by your wallet applies only to your given cryptocurrencies and not to your Blum points or tokens.
Very few are asking about the potential value of Blum tokens. It’s very difficult to ascertain the price without knowing the total available supply of tokens. Be careful of anyone who thinks they know what your Blum tokens will be worth in the future.
Timeline Expectations for Airdrop:Blum Crypto
As of October 21 2024, there is no official announcement on the date when the Blum token will be listed. This ambiguity gives users more time to accumulate points but brings us to temper expectations.
Lastly, the Blum points will likely not be redeemable 1:1 tokens. Instead, the exchange ratio may be 1/3, 1/10, or even another ratio established by the project team. Additionally, there should be some kind of pre-listing token sale; not confirmed yet, though.
Care in Going for the Blum Crypto Airdrop
The promise of free tokens is very enticing; however, it is important to approach the Blum airdrop, and all crypto projects for that matter, with a balanced perspective:
Spend no more money or time than you are willing to lose if things go wrong
Beware of too optimistic price predictions
Only seek out authorized, official sources of information and not off-line social network gossip
Consider the airdrop an educational experience as part of learning about cryptocurrency, but not as a means of getting paid
Recognize that an airdrop is entertaining and potentially lucrative but never an investment strategy or part-time job.
FAQ (Frequently Asked Questions)
When will Blum tokens be listed on exchanges?
There is no official announcement about when Blum will hit exchanges. Let’s just wait for updates from actual Blum channels.
What will be the value of one Blum token?
No one can say precisely what the Blum tokens will be worth at launch. Avoid specific predictions regarding exact prices since that is most probably speculation.
Can I sell my Blum points before the official listing?
Other speculations involve pre-listing sales, although nothing has been confirmed as yet. In case it will indeed be available, it might well include staking your points until the official launch of the token.
How many Blum tokens will I get for my points?
Blum still hasn’t come out with an official statement on the conversion rate of Blum points to Blum tokens. Chances are it won’t even be 1:1, though, so you’ll end up losing a few tokens compared to the amount of points you actually have.
Is Blum a good project?
For sure, Blum received the spotlight and even claimed investment from Binance Labs. Be cautious with new crypto projects. Do your own research and participate only at a level you are comfortable with.
to the app, completing the set tasks and referrals, and by playing the drop game and completing your Daily activities. You can consider safe usage.
Security is Bloom’s top priority, with features such as Multi-Party Computation wallets. It also has the backing of Binance Labs. That creates some credence behind the project, of course. But just as with any crypto platform, be cautious and do your due diligence.
Can I trade without having to switch blockchains on Blum?
Yes, one of the greatest user benefits about Blum is that you can trade tokens and derivatives without any hassle of having to switch blockchains.
Who is the founder of Blum?
Blum was started by the co-founders, Gleb Kostarev and Vladimir Smerkis who initially worked at one of the world’s largest cryptocurrency exchanges-Binance.
What is it about Blum that makes it a more exciting crypto exchange than others?
Blum stands out in the list since it offers an integration of advantages of the decentralized and centralized exchanges, features of low gas fees, the trading of cross-blockchain opportunities, and the very friendly approach in using a crypto bot with better prospects for beginners.
Will Blum points be convertible to tokens in the future?
A: While probably the least likely scenario, we have no clue, and it might just happen that Blum points can be convertable to Blum tokens, just like other projects which are transitioning from points to tradable tokens.
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