Meet Blum: An Ambitious Mini-App with Dreams of Becoming an All-in-One Exchange

Bittime - If you've been part of the Telegram ecosystem for a while, you've probably come across Blum, a mini-app that's gaining popularity in the "tap-to-earn" space due to its interesting roadmap and impressive team. 

Initially, when you access Blum on Telegram, you’ll find an interface for collecting Blum points and “drop games.” But is this the Blum project that Web3 enthusiasts have been waiting for, or is there more beneath the surface?

In this article, we will reveal what Blum is, the purpose of Blum points, and its ambitious plans to become a hybrid crypto exchange. We will also discuss why Blum has become so popular among Telegram users.

Also Read How To Buy Crypto:

 Understanding Blum

Blum is a crypto project that aims to be a hybrid exchange by combining an off-chain order book with on-chain settlement. This model provides a seamless trading experience directly from your wallet via an integrated Telegram mini-app. 

Supporting over 30 blockchains, Blum offers a wide range of trading opportunities across centralized exchanges (CEXs) and decentralized exchanges (DEXs). 

Users can trade a wide range of cryptocurrencies, from popular coins to lesser-known tokens, in a secure and user-friendly environment.

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Blum's Popularity

While its core exchange service is still under development, Blum has attracted attention from both Web3 natives and crypto newcomers. Several factors have contributed to this growing popularity:

Binance Connection 

Blum’s participation in the Binance Most Valuable Builder (MVB) accelerator program has significantly increased his visibility. The program highlights innovative projects, providing them with valuable resources and mentorship. 

Blum's team includes former Binance executives, bringing extensive experience and credibility to the project.

Integration with Telegram Integration 

Blum with Telegram makes it easy to access without having to download a separate app. Users can trade directly from the Telegram interface, lowering the barrier to entry. This approach leverages Telegram's large user base, so users 

can more easily explore crypto trading in a familiar environment. This low barrier to entry is particularly appealing to individuals who are curious about crypto but may be hesitant to use a new platform.

Hybrid Exchange Model

 Blum operates uniquely compared to traditional crypto exchanges. Blum does not hold custody of your crypto but acts as an intermediary, matching buyers and sellers through an off-chain order book. Trades are settled on-chain, ensuring transparency and security. 

This hybrid model offers fast transaction speeds and a smoother user experience while maintaining the security of blockchain technology.

Fitur Inti Blum

The Blum team has outlined a comprehensive set of features for its hybrid exchange, including:

Akses Token Universal 

Blum plans to offer access to a wide range of tokens, making it easy for users to find and trade the cryptocurrencies they are interested in. From popular coins like Bitcoin and Ethereum to valuable hidden tokens, Blum aims to meet a wide range of trading needs.

Simplified Derivatives Trading 

Blum aims to simplify derivatives trading, offering a range of options such as perpetuals, options, futures on NFTs, and pre-market tokens. This will allow users to explore different trading strategies within the familiar Telegram ecosystem.

Fiat P2P trading 

Blum aims to integrate peer-to-peer (P2P) fiat trading, facilitating seamless on-ramping (in) and off-ramping (out) of local currencies. This feature allows users to buy and sell crypto with fiat directly within the Blum ecosystem, offering competitive pricing and a streamlined experience.

Blum Points Farming 

Blum incorporates gamification elements through Blum Points. By participating in mini-app game drops and completing tasks, users can earn points that can be redeemed for various rewards within the Blum ecosystem. 

This encourages user participation and fosters an active community.

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Features Available in the Blum Mini-App

While the full mobile app has yet to be launched, Blum’s mini-app on Telegram has already attracted a following. The mini-app features:

Blum Points Collection 

Users can periodically collect Blum points and participate in the Drop Game, where they catch falling items to earn points. Points can be redeemed for future rewards.

Users Can Earn Extra Points By Completing Various Tasks

Like watching YouTube videos or subscribing to partner channels. These tasks provide a constant stream of points.

Referral System System 

Blum Referral provides early access to the mini-app and rewards users with a 10% kickback on trades made by invited friends once the hybrid exchange is launched.

Unique Collaboration 

Blum has engaged in unique marketing stunts, such as a collaboration with artist Pokras Lampas, who surprised users with neon pink graffiti on the app interface and additional ways to earn points.

Future Plans and Roadmap

Blum's roadmap, outlined in May 2024, includes the launch of a self-custody wallet, swap, leaderboard, meme-based launchpad, and the public launch of the Blum exchange. 

Participation in the Binance MVB program demonstrates ongoing development and refinement, with the potential for accelerated progress. 

While the delay in rolling out these features may be concerning, it is important to realize that building a secure and robust crypto platform takes time. 

Blum's focus on stability and user security promises a polished and reliable experience in the long run.

Conclusion

Blum is poised to become a major player in the crypto exchange landscape with its innovative hybrid model and seamless Telegram integration. While the full suite of features is still under development, the existing mini-app offers a taste of what’s to come. 

By combining a user-friendly interface with a gamified point system and powerful trading options, Blum caught the attention of the crypto community.

For more insights into similar popular mini-apps in the TON ecosystem, explore our guides on Notcoin, TapSwap, and Hamster Kombat to see how these mini-apps are making waves in the crypto world.

How to Buy Crypto with Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed your identity verification. Also, make sure you have sufficient balance by depositing some funds into your wallet. Just so you know, the minimum asset purchase on Bittime is IDR 10,000. After that, you can make crypto asset purchases in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.