Detailed explanation of Binance investment's Telegram trading app Blum, participate in potential airdrop opportunities

Author: Web3 Scent Observation, Coin World

As one of the selected projects in the seventh season of the BNB Chain's renowned MVB (Most Valuable Builder) program, Blum (a trading mini-app on Telegram) completed a new round of financing on September 11, with participation from Binance Labs (specific amount and valuation details have not been disclosed).

Blum was founded by former Binance executives and has received investment support from Binance (Binance Labs), successfully becoming a potential airdrop project worth trying on Telegram. The app's gameplay is simple, allowing users to earn points with daily clicks.

According to reports, Blum is defined as a hybrid exchange that provides access to universal tokens through gamification in the Telegram mini-app. Blum allows access to both CEX and DEX tokens on a single platform. It offers a unique cryptocurrency trading and mining experience, supporting various tokens without the need to switch chains or deal with Gas fees for local tokens.

In simple terms, Blum enables users to easily achieve one-stop trading through Telegram, whether it's meme tokens or emerging early-stage tokens, allowing for quick buying and selling operations. Especially for tokens that have not yet launched on CEX, Blum significantly lowers the entry barrier for novice users into the cryptocurrency market by simplifying the DEX trading process.

The project supports over 30 blockchain networks, covering mainstream ones like Ethereum, Tron, Solana, and TON. Additionally, Blum offers various additional features such as AI navigation, P2P trading, and derivatives trading. This extensive blockchain support not only enhances Blum's reputation in the crypto space but also attracts more investors and traders.

Founded by former Binance executives and selected for the BNB Chain MVB program

The MVB (Most Valuable Builder) program of BNB Chain aims to discover and support blockchain projects with high growth potential. It is reported that the program received over 700 applications in the latest season, with only the top 2% of applications being successful. Blum's selection for this program highlights its advantages in innovation and development potential.

In March of this year, Gleb Kostarev and Vladimir Smerkis announced the establishment of the Blum exchange. Kostarev is a former vice president of Binance and has served as the regional head for Eastern Europe, the CIS, Turkey, Australia, and New Zealand, while Smerkis served as the general manager for the CIS region.

Blum fully leverages Telegram's massive user base, which exceeded one billion globally by September 2024, and the built-in TON wallet advantage. This strategy helps Blum quickly reach a wide user base, especially in regions where cryptocurrency adoption is continuously increasing.

Blum is designed specifically for Generation Z and millennials, focusing on simplicity and an intuitive user experience, catering to the younger generation's demand for fast and efficient trading.

In addition, Blum has launched an innovative crypto mining program led by a former Binance Labs executive team, further enhancing its competitiveness and appeal in the fields of crypto trading and mining.

Blum launches multiple featured functions

Hybrid exchange model: Blum supports simultaneous access to tokens from centralized (CEX) and decentralized exchanges (DEX), providing a wide range of trading options. Users can also participate in simplified derivatives trading, such as futures and options.

Blum crypto bot: This bot allows users to earn Blum points by completing simple tasks and participating in platform activities. These points can later be redeemed for various rewards within the Blum ecosystem, promoting engagement and familiarity with the crypto mechanism.

Blum points farm: Users can click the farm button in the mini-app to start accumulating points. After eight hours, they can claim the accumulated points and initiate a new farming session.

Blum Drop Game: The Drop Game launched by Blum adds interactive fun, allowing users to earn points by catching falling items. Game passes can be obtained through daily logins and participation in activities, incentivizing daily engagement.

Blum interactive points earning guide

Visit the Blum official website and click "Launch Blum on Telegram" on the homepage to enter the project mini-app.

Participating in Blum interactions is very simple, and users can earn points in various ways:

Daily check-in: After logging in each day, the system will automatically record your login days and start accumulating points, showing the status as "Farming."

Earn points through games: After entering the Blum mini-app on Telegram, go to the "Drop Game Area" to participate interactively and earn points through simple click games. Make sure to check in every 8 hours to maximize daily earnings.

Social tasks: Completing some social tasks, such as following Blum's social media accounts or participating in community activities, can also earn extra points.

Invite friends: By sharing referral links to invite friends to join, users can receive a 10% points reward and an additional 2.5% referral points, significantly boosting total points.

The interactive methods within the Blum mini-app are not only simple and fun but also effectively attract user participation, helping the platform to acquire and activate new users. Points will be converted into tokens during the TGE (Token Generation Event) and distributed to active users.