The TON & Telegram ecosystems have recently exploded with the rise of Notcoin and Tap-to-Earn games. Blum is an emerging Telegram exchange with this mechanism, and Blum is also a DEX with a hybrid mechanism that allows trading of CEX tokens and unlisted tokens via a mini Telegram app. So what's 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. It will be available as a mobile app and a Telegram mini app.
Blum provides users with all the coins they need. No more apps to jump through to keep up with your digital money. Whether you're here for OG coins like Bitcoin and Ethereum, like 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 ensures you're always in the know.
How Blum works
Blum simplifies the crypto trading experience by providing a unified platform where users can access tokens from both CEX and DEX.
Unlike traditional exchanges, which often require users to switch between different apps or platforms, Blum allows trading across multiple chains within a single app. This eliminates the complexity associated with navigating through interfaces and managing multiple wallets.
To achieve this, Blum combines the benefits of an off-chain order book with in-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 standalone security options or use Blum's Multi-Party Computation (MPC) wallet for added security and ease of use.
Blum currently 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 such as Bitcoin and Ethereum to emerging meme-coins and innovative layer 2, layer 2 tokens.
In addition, Blum was 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 wallets with ease. Gamification mechanics add excitement to the user experience, turning the trading experience into an interactive experience similar to familiar social networks.
Blum applications
Hybrid model for in-chain and off-chain transaction processing: Blum combines off-chain transaction processing with order book and in-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 so users can trade easily. Direct trading in Telegram: Blum develops DEX exchanges by integrating a mini app into Telegram so users can trade most conveniently. However, Blum has not released a DEX product and has only released a Tap-to-Earn game for users to earn Blum points. Diverse derivatives trading: Blum provides various derivatives trading services such as margin, futures, options, etc. Not only for CEX tokens, Blum also supports derivatives trading for NFTs and DEX tokens. P2P trading.
Token of the project
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-Protection Wallets, Token Swaps, Charts and Memepad. These enhancements 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 desktop and want a holistic view of their portfolio. The web platform will support mobile apps and Telegram mini-apps, providing a seamless trading experience across devices.
Instructions for Airdrop
Developers Blum 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 Link and start.
Join the Drop Game: Once you open the Blum bot, go to the Drop Game tab. You can join the game to earn more points here.
Play the game: the Drop clicker game is represented by tap or click actions in the mini-app. The goal is to collect as many points as possible by interacting with the items in the game. Check and play the game several times a day. You can earn points every eight hours, so participate regularly to increase your points.
Complete social tasks and recommendations:Increase 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% from the points accumulated by your friends 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 Blum airdrop winnings. Be proactive and make the most of your time on the Blum Telegram mini-app.
Also to earn more daily Blum rewards. Every day you log in, you'll earn a certain amount of Blum Points (BPs) and Game Passes. Rewards will increase gradually over the first week.
Make it a habit to log into Blum every day. As you log in each day, your rewards will increase, making it easier to accumulate points and Game Pass.
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 streak of entries:You need to maintain a continuous streak of entries to ensure you receive 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 streak of entries, the more you can take advantage of the rewards system.
Unich Pre-Market Trading
Access to 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 in the pre-market
Deposit security and full payment
Assessment of project potential
Unparalleled access to new Blum tokens gives you the opportunity to discover and invest in promising tokens before they appear on the main CEX. Seamless network trading eliminates the hassle of switching between wallets or figuring out which DEX to use. Blum simplifies your trading experience by removing the usual barriers. Users no longer have to worry about choosing the right wallet, selecting a DEX, or purchasing specific proprietary tokens for network fees. Meme coins and the power of community. Recognizing the cultural impact of meme coins, which appeal to 40% millennials and Gen Z for their humor and sense of community, Blum is embracing this trend by recognizing the unique value these tokens bring to the crypto ecosystem and ensuring that users have access to these vibrant and dynamic markets. However, 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 'Memepad' to promote new projects . This app aims to integrate these projects seamlessly by providing tasks and games with the ability to distribute tokens across the Blum community.
Conclusion
Blum is a hybrid DEX that allows users to trade tokens available on CEX or new unlisted tokens via a mini app in Telegram. This could be a big boost to the crypto market for making Meme available to large numbers of Telegram app users. 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 gathered and sent to you. Thank you for your attention