On June 11, the Blum project announced that it had reached 20 million users. Their number has doubled since the beginning of the month, and over 10 million people have subscribed to the telegram channel of the crypto exchange. The platform was launched inside the Telegram messenger by former top managers of Binance.

In this article we will look at all the main questions: how to log into Blum, how to register in the application and how to farm Blum tokens.

What is Bloom

Blum is a cryptocurrency trading application and exchange in the Telegram messenger. It will operate on a hybrid CeDeFi model and will allow users to trade directly from third-party crypto wallets on various blockchains.

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Crypto projects will be able to automatically list their tokens on Blum, using special software that will conduct basic pre-listing checks (technology, liquidity and user base). The project is targeting clients in Asia and plans to obtain a virtual asset provider license in Georgia.

Who created the Blum cryptocurrency

Former Binance regional top managers Gleb Kostarev and Vladimir Smerkis announced the launch of a new project several months after they left their positions at the largest crypto exchange by trading volume.

Previously, Kostarev served as regional head of Binance in Eastern Europe, CIS countries, Turkey, Australia and New Zealand, and Smerkis was general manager for the CIS.

They left the company amid Binance’s departure from the Russian market. Currently, Kostarev and Smerkis live in Dubai, but do not plan to create Blum headquarters in the UAE.

How to register with Blum

Initially, the project did not publicly disclose the address of its trading bot on Telegram. It was possible to enter the application only through invites from other users. Just follow the link and you are registered.

How to earn Bloom Points

When entering the application, the user is given a certain number of tokens. Next time farming will start in 8 hours. The user is also given bonuses for visiting the application daily. You can earn points by completing simple tasks - for example, by subscribing to the project’s Telegram channel, its other social networks (for example, X, YouTube and Discord) and inviting other users. Users are also offered to play the “Drop game”. Green snowflakes fall on the screen, which you need to tap on. Each snowflake gives a +1 bonus. There is also a white snowflake, which temporarily freezes the others and allows you to collect more, and a bomb, which takes away some of the points.

When can I withdraw Bloom Points?

At the moment, there is no official information about when the withdrawal of points will begin and what the price will be. There is no information about the listing in the project roadmap. The incubator Binance Labs invested in the project, so there is a high probability of listing the Blum token on this crypto exchange.

It is too early to make assumptions about the future value of the project’s token, since its tokenomics, in particular, the total emission and its distribution, are not fully known. The earliest time users will know the approximate price of Blum is during the premarket stage before listing on crypto exchanges.

Prospects for Blum cryptocurrency

In case of active development of the Blum exchange, implementation of the promised functions and increase in the user base, the native token of the project may show upward dynamics. However, it will also depend on the state of the cryptocurrency market, since altcoins often move synchronously within the general trend.

Question answer

Which exchanges can list the Blum token?

If the token is added to the largest crypto exchange in terms of trading volumes, Binance, other platforms will also be interested in it.

What is Blum Crypto Bot?

This is a Telegram bot created by the developers of the Blum project. Currently, its functionality is limited to two buttons: launching the Blum mini-application, in which you can farm points, and a link to the official Blum telegram channel.

What key features of the Blum platform will be introduced over time?

Blum will become a decentralized exchange with an order book; in addition to the mini-application inside Telegram, it is planned to launch a mobile application. Users will be offered futures trading and the opportunity to buy tokens from various blockchains.