Bittime - After the success of Notcoin (NOT) at the end of 2023, now a mini application has appeared on Telegram called Blum which is attracting attention. Blum aspires to change the way we transact crypto, especially for users in developing countries. So, what is Telegram Game Blum? The answer is in this article!
What is Blum?
Blum is a “hybrid exchange” that comes as a Telegram mini-app. They promise to provide a more complete and accessible crypto trading experience than current applications.
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Blum combines the advantages of centralized exchange (CEX) and decentralized exchange (DEX) in one platform.
- Centralized Exchange (CEX): An easy-to-use platform for buying and selling crypto using fiat currency or other crypto assets.
- Decentralized Exchange (DEX): Platforms that offer higher security but require deeper technical knowledge. Transactions on DEX occur directly between users without intermediaries.
Also read: Blum Airdrop Guide, here are the steps
By combining these two systems, Blum hopes to provide a variety of trading options that suit the needs and comfort level of its users.
Not Riding on Telegram's Popularity Yet
Another interesting strategy from Telegram Game Blum is the integration with Telegram. This instant messaging application has a very large user base, almost 1 billion users worldwide, especially in countries with rapidly growing crypto adoption.
The presence of Blum as a mini-app within Telegram makes it easier for them to reach a wider audience than launching a separate mobile application.
Not Yet Towards a Comprehensive Crypto Trading Platform
Currently, Blum is still in its early stages and offers users to collect Blum Points which can later be exchanged for real crypto tokens. However, they have plans to develop into a full-fledged crypto trading platform.
The Blum developers promise to provide easy access to various crypto assets and even offer a derivatives trading feature in the future.
Also Read How to Buy Crypto:
Blum Game Telegram Token Model
Blum uses a dual token model designed to optimize user engagement and platform growth. Here's a more detailed explanation of how this model works:
Blum Points
Before the full token launch, users can earn Blum Points by participating in various activities on the platform. These points are key features of the current stage, designed to drive initial engagement and loyalty.
Not yet Token
Blum tokens are the platform's primary crypto asset, which will be used for trading, rewards, and governance once fully launched. Blum Token aims to provide a smooth transition from a traditional points system to a more robust and flexible token economy.
Strategic use of this model supports gradual increases in user activity and platform capabilities, paving the way for broader adoption and utility.
Also read: 5 Telegram Airdrop Games on the TON Blockchain with Big Profits
Blum's Achievements So Far
Even though he is relatively new, Blum has shown impressive development. Since launching two months ago, Blum already has more than 10 million users!
World's 4th Largest Telegram Channel: On June 6, Blum announced that their Telegram channel had become the fourth largest in the world with over 9.6 million subscribers!
Eyed by Big Investors: Blum was selected as one of 13 early-stage projects participating in season 7 of the Binance Labs "Most Valuable Builder" (MVB) accelerator program. This shows that big players like Binance see potential in Blum's project.
Blum Game Telegram Prospects in the Future
Blum has the potential to be an exciting new player in the world of crypto trading. Integration with Telegram, the hybrid exchange concept, and support from big players like Binance are added values that are worth paying attention to.
However, Blum still needs to prove its promise to provide an easy and comprehensive crypto trading experience. Let's wait for Blum's developments in the next few months to see if they are able to realize their ambitious plans.
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Conclusion
Blum has the potential to be an exciting new player in the world of crypto trading. Integration with Telegram, the hybrid exchange concept, support from big players such as Binance, and an innovative dual token model are added values that are worth paying attention to.
However, Blum still needs to prove its promise to provide an easy and comprehensive crypto trading experience. Let's wait for Blum's developments in the next few months to see if they are able to realize their ambitious plans.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor 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.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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