What is Blum and How to Earn with It

What is Blum

Blum is a hybrid decentralized exchange (DEX) integrated directly into Telegram messenger. During its initial phase, the project operates as a gamified crypto application within the messaging platform, offering users an innovative way to interact with digital assets.

The project was founded by former regional executives from a leading cryptocurrency exchange in the CIS region — Gleb Kostarev and Vlad Smerkis. They announced their plans to launch Blum in March 2024, with the official release taking place on April 19, 2024. This strategic timing allowed the team to capitalize on the growing trend of Telegram-based crypto applications.

The full version of Blum is expected to launch in the near future. The platform aims to provide users with seamless access to tokens from both centralized and decentralized crypto exchanges, along with simplified derivatives trading. This hybrid approach bridges the gap between traditional and decentralized finance, making crypto trading more accessible to mainstream users.

According to Blum's creators, the project's primary mission is to simplify cryptocurrency trading through an intuitive interface and straightforward registration process. By eliminating technical barriers, Blum seeks to democratize access to digital asset markets for users of all experience levels.

Who Created Blum

Gleb Kostarev and Vladimir Smerkis previously held senior leadership positions at a major global cryptocurrency exchange. Kostarev served as Regional Director for Eastern Europe, CIS, Turkey, Australia, and New Zealand, bringing extensive experience in market expansion and regulatory navigation across diverse jurisdictions.

Smerkis led operations specifically for the CIS region, developing deep expertise in the unique challenges and opportunities of post-Soviet crypto markets. Their combined experience managing operations across multiple continents provides Blum with strategic advantages in understanding diverse user needs and regulatory environments.

The founders' decision to leave their positions at an established exchange to build Blum demonstrates their commitment to creating a more user-friendly and accessible crypto trading ecosystem. Their insider knowledge of exchange operations and pain points informed Blum's design philosophy.

How to Register on Blum and Start Earning Blum Points

Registering on Blum is remarkably simple through Telegram. Users only need to find the project's bot and click the "Start" button to begin their journey. This streamlined onboarding process eliminates the need for complex KYC procedures or external wallet connections initially.

Upon registration, users receive a starter bonus in the form of tokens as a welcome incentive. To continue earning, users must regularly access the application — a new farming round becomes available every 8 hours. This time-gated mechanism encourages consistent engagement while preventing system abuse.

Additional earning opportunities include:

• Subscribing to the project's Telegram channel for updates and announcements
• Following Blum's social media pages on platforms like X (formerly Twitter), YouTube, and Discord
• Inviting friends through personalized referral links, creating a viral growth mechanism
• Completing educational tasks and community challenges

Another earning method involves participating in the "Drop Game" mini-game. In this engaging activity, users collect falling green snowflakes on their screen, with each snowflake contributing points to their balance. The game combines entertainment with reward accumulation, making the earning process more enjoyable and interactive.

Blum Roadmap

During the second quarter of its operation, Blum developers introduced several innovative features, including the Blum Drop game and "tribes" — community groups that users can join to collaborate and compete. These tribes foster social engagement and create a sense of belonging among users.

In the near future, the Blum team plans to launch a memepad — a platform enabling users to create their own tokens in approximately 20 seconds. This democratization of token creation lowers barriers to entry for aspiring crypto projects. Subsequently, these user-generated tokens will become available for exchange and trading on the hybrid crypto exchange, creating a vibrant ecosystem of community-driven assets.

Additional planned features include:

• Token swap functionality with competitive rates and low slippage
• Multi-party computation (MPC) wallets for enhanced security without sacrificing user control
• Perpetual contracts for advanced traders seeking leveraged exposure
• Cross-chain bridging capabilities to expand asset compatibility

The full version of Blum is scheduled to launch in the coming period. At that time, the project's native token is expected to be listed on major trading platforms, accompanied by an airdrop distribution to early adopters and active community members.

How to Withdraw Funds from Blum

Withdrawal functionality is not yet available on Blum, as the project has not released its native token to date. The token launch is anticipated in the near future, at which point withdrawal mechanisms will be activated.

In September 2024, Blum secured investment from a top-tier crypto investment fund. This strategic backing increases the likelihood that major trading platforms will list the project's token upon release, providing users with multiple liquidity options and exit strategies.

The investment also validates Blum's business model and technical approach, signaling confidence from established industry players. Users accumulating points during the pre-launch phase position themselves to benefit from potential token appreciation once trading begins.

Blum's Prospects and Future Outlook

Since its launch, Blum has attracted over 60 million registered users, demonstrating remarkable traction in the competitive crypto gaming space. Among these users, 18 million players access the mini-application within Telegram daily, indicating strong retention and engagement metrics.

The project has secured third place globally in popularity among crypto platforms, competing with established players despite its recent entry to the market. This rapid growth reflects both effective marketing and genuine user interest in Telegram-integrated crypto solutions.

Blum's core mission centers on bringing cryptocurrency to mainstream audiences by removing technical barriers and simplifying user experiences. To advance this goal, the project has established numerous integrations and partnerships with major players in the crypto industry, including several mainstream exchanges. These collaborations expand Blum's liquidity sources and enhance its value proposition.

Assuming Blum continues its active development trajectory, implements promised features, and grows its user base, the project's native token holds significant appreciation potential. The combination of strong fundamentals, experienced leadership, and strategic partnerships creates favorable conditions for long-term success.

However, the token's performance will remain closely tied to broader cryptocurrency market conditions. Macroeconomic factors, regulatory developments, and overall market sentiment will influence Blum's growth alongside its internal execution. Investors should monitor both project-specific milestones and industry-wide trends when evaluating Blum's prospects.

FAQ

What is Blum and How does it work?

Blum is a hybrid exchange combining centralized and decentralized exchange features. It allows users to access various tokens and engage in simplified derivatives trading through its unique architecture.

How to Start Using Blum and Earn Rewards?

Download the Blum app on Telegram, complete farming tasks, and join social channels to earn BLUM tokens. Participate in daily activities and referral programs to maximize your rewards and accumulate tokens effortlessly.

What are the main ways to earn yields on Blum?

The primary ways to earn on Blum include participating in drop games, earning commissions through friend referrals, and daily login rewards. Users can accumulate points by engaging with these activities consistently.

Is Blum platform safe? What risks should I pay attention to when using it?

Blum platform is secure with enhanced safety measures implemented. Users should remain cautious of operational risks and phishing attempts. The platform continues strengthening security protocols for long-term stability and user protection.

Blum与其他加密货币项目或平台有什么区别？

Blum是专为千禧一代和Z世代设计的混合交易所，融合中心化和去中心化特性，提供更友好的用户体验。其他平台通常侧重单一模式，而Blum基于TON区块链，具有更强的可访问性和创新性。

What are Blum's future development prospects? Will its token value grow?

Blum's future outlook is promising with significant growth potential during bull markets. The token value has strong upside potential as market adoption increases and the project develops further. As adoption expands, token value is expected to appreciate.