As Telegram mini-apps are taking over the crypto space by a storm, another hybrid crypto exchange ‘Blum’ has also entered the race. Designed for emerging markets, Blum promises to revolutionize the crypto trading experience by merging the best of centralized and decentralized exchanges. Moreover, the buzz around a possible airdrop in Blum has set alarm bells blaring in the crypto community.
Blum is set to provide users with a seamless, secure, and efficient way to trade crypto assets. All from the convenience of a mobile app or a Telegram mini app. If you are not familiar, this guide will help you explore what Blum is and what it has to offer including its features, Blum Points, and details about potential airdrops.
What is Blum?
Blum is an innovative hybrid crypto exchange, launched as a mini-app on Telegram. It caters to the emerging need of making crypto assets accessible easily to millions of Telegram users. It combines functionalities from both centralized and decentralized exchanges. With this novel idea, Blum aims to eliminate the hassle of going through multiple apps.Â
As per the official blog, Blum offers one-stop solution with support to over 30 blockchain networks including ers like Ethereum, Solana, Binance Smart Chain, and TON. It is tailored to the preferences of Gen Z investors, who have shown a strong inclination towards crypto. Moreover, it democratizes access to cryptocurrency trading in markets where local options are often underdeveloped.
Features of Blum
Blum’s robust feature set is designed to streamline the trading process, making it accessible and user-friendly for traders of all levels. Here are some of its core functionalities
Hybrid Model
Blum combines an off-chain order book with on-chain settlements, offering users the choice of self-custody or multi-party computation (MPC) options. This hybrid approach provides the speed of centralized exchanges with the security benefits of decentralized platforms.
Universal Token Access
Blum automatically lists tokens that have sufficient liquidity from a variety of exchanges and protocols, giving users broad access to new and popular tokens.
Trading via Telegram
In addition to its mobile app, Blum offers a trading experience through a Telegram mini app, making trading more accessible and integrated into everyday communication platforms. The trading process is gamified to enhance user engagement and make investing more interactive.
Simple Derivatives
For those interested in derivatives trading, Blum offers user-friendly perpetual futures and options, including unique products like futures on NFTs and pre-market tokens.
P2P Fiat Trading
Blum facilitates peer-to-peer (P2P) fiat trading, with a focus on local currencies and merchant integrations. This feature simplifies fiat transactions, making it easier for users in emerging markets to convert between crypto and their local currencies.
Seamless Trading Across Networks
Blum simplifies the trading experience by allowing users to trade across multiple networks without the need to switch wallets or navigate complex interfaces. This means no more worrying about selecting the right wallet, choosing the correct DEX, or dealing with native tokens for network fees.
Blum Points
One of the unique offerings of Blum is the Blum Points system, which allows users to earn rewards by engaging with the platform.
As part of the launch strategy, Blum Points farming will be available on the Telegram mini app, giving early adopters a chance to accumulate points that could potentially be converted into other rewards or perks within the platform. These points incentivize active participation and provide users with tangible benefits for their engagement, enhancing the overall user experience.
Blum Airdrop
While the exact details for Blum airdrop are yet to be officially announced, it is expected that Blum airdrop will be launched in the next few months. The buzz around Blum suggests that early users who accumulate Blum Points might have an opportunity to benefit from future token distributions.Â
Airdrops are a common strategy in the crypto space to attract users and build a community around a new token or platform. Blum’s approach to incentivizing participation through points could be a prelude to such an event. Keep an eye on Blum’s announcements and community channels for updates on the airdrop details as they become available.
Also read: Tomarket Airdrop: How To Connect Wallet & Claim $TOMATO Tokens
Conclusion
Blum is set to redefine the trading experience in emerging markets by offering a hybrid exchange that simplifies access to a wide range of tokens and trading options. With its unique features, including trading via Telegram, simple derivatives, and P2P fiat trading, Blum caters to the needs of a tech-savvy audience looking for an all-in-one trading platform. As Blum Points farming kicks off and the potential for an airdrop looms, now is the time to get involved and explore what this innovative platform has to offer.Â
