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What is Blum coin?
Blum (or Blum crypto) is a mini-application crypto project launched on Telegram, following the trend of crypto mini-apps set out by Notcoin. The platform was founded and is operated by former Binance top managers, with Vladimir Smerkis as CEO and Gleb Kostarev as CMO.
Blum's current mechanism allows users to mine Blum Points, which doesn’t seem to be the platform's main token. The team behind Blum promises these points can be used once the Blum crypto trading app is fully launched on mobile and Telegram.
Blum app’s mobile user interface. (Source: blum.io)
Blum has accumulated a user base of over 10 million in just two months and boasts a large Telegram subscription of 9.95 million, making @blumcrypto the fourth largest channel on the platform.
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Blum is the 4th biggest Telegram channel. (Source: telegramchannels.me)
The leaderboard also boasts the names of other notable cryptocurrencies. While the viral tap-to-earn Hamster Kombat is far in the lead as the largest community on the platform with over 32 million subscribers, Notcoin has dropped to fifth place with only 7.9 million. Meanwhile, Yescoin, another airdrop sensation and close counterpart to Notcoin, sees its community steadily growing at 5.8 million.
How to Mine Blum Coin on Telegram
Getting Started
- Log in to Telegram: Log in to your existing Telegram account or create a new one by downloading the Telegram app from the App Store or Google Play Store on your mobile devices.
- Activate the Blum Crypto Bot: Click the link or search for "Blum Crypto Bot" within Telegram. Follow the instructions and sign up for a Blum account.
How to Mine Blum Coin
- Start Farming: After signing up, you'll be presented with the option to start farming Blum Points. Tap on it and return after 7-8 hours to claim.
- Participate in the Referral Program: Head to the app page, tap "Frens," and grab your unique referral link. Share it with 5 friends, and you'll start earning a percentage of their mined points. According to Blum, you'll earn 10% of the points earned by your direct referrals and an additional 2.5% from those they invite. However, remember that your earnings depend on their consistent participation in mining. So, a gentle nudge here and there might be helpful to keep those points flowing!
- Complete Tasks: Tap on the "Tasks" tab and complete the listed challenges to boost your points instantly. Unlike mined points, task rewards are credited immediately.
- Play the Drop Game: Access the "Drop Game" through the "Home" tab and play a simple game where you tap on falling green flowers. You get five 30-second attempts daily, and the caught flowers are converted into Blum Points and added to your game account. As a daily login bonus, you'll receive points that can be used to play the game more often.
Blum bot interface
Blum Unique Features
Blum claims to be a "hybrid exchange," seeking to combine access to tokens from both centralized exchanges (CEXs) and decentralized exchanges (DEXs) within a single platform.
If you're new to the crypto world, here's a quick explainer: CEXs, like Binance, Coinbase or Kraken, are regulated platforms that offer a user-friendly interface for users to trade cryptocurrencies either with fiat money or other digital currencies. DEXs, on the other hand, allow peer-to-peer transactions without third party interference, thus offering greater anonymity, security and asset control to users. However, the lack of intermediaries on DEXs can make these marketplaces challenging for beginners to navigate. Blum is here to change that.
Blum’s value propositions (Source: blum.io):
- Easy to use: Trade without chain switching, native token gas fees, or endless transaction confirmations.
- Localized P2P trading: Embrace global opportunities with local currency trading
- Trading via Telegram: A unique mini app experience with mobile-first design and integrated gamified mechanics
- Decentralized exchange: Off-chain orderbook, on-chain settlement, MPC or self-custody, enabling trades from wallets like Trust Wallet and MetaMask in one transaction.
What is Blum’s Launch Date and Coin Price?
According to the project’s roadmap, Blum is currently focusing on developing new features for the platform in the second quarter of 2024. The web platform's launch, as well as the anticipated coin listing, is expected to occur towards the end of this year.
Blum’s project roadmap. (Source: blum.io)
Early adopters might be able to acquire BP through an airdrop this summer, coinciding with the launch of Blum's wallet, which aims to reward users for their activity. However, this information remains unconfirmed. Once launched, BP could potentially be listed on major exchanges like Binance, OKX, and Bybit, as well as those within the TON ecosystem.
The actual coin price is thus predicted to be revealed closer to the platform’s launch.
Due to their similarities as airdrop mini-apps on Telegram, enthusiasts are looking to Notcoin (NOT) to gauge the potential price trajectory of the upcoming Blum token. NOT currently trades at $0.01624, down 13.64% in the last 24 hours. However, Notcoin's price has still surged by 112.91% since the start of 2024, with predictions indicating a potential increase of 724.77% by the end of the year.
Notcoin (NOT) price
Is Blum A Good Investment?
Blum quickly set itself apart from other cryptocurrency bots on Telegram, thanks to its promises of innovative "hybrid" crypto trading and intriguing farming mechanisms. The mini-app also positions itself as a secure and trustworthy investment, backed by former Binance executives and a transparent, growing community.
Blum shows promising potential for a successful debut in the cryptocurrency market, especially if the tap-to-earn trend continues to gain traction. However, this does not guarantee profitability, and investors should still approach the project with caution to avoid significant financial losses.
The information provided in this article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
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