The team behind the Telegram app Blum has explained the delay in launching $BLUM and its airdrop, stating they are still in the process of developing the use cases for the token.
What’s the Significance? The Blum team explained that the delay aims to prevent the price of $BLUM from dropping after the airdrop, setting it apart from other Telegram-based projects whose tokens often experience price declines following rewards distribution. (Check out Blum on Telegram here.)
What’s the news? The Blum team is currently developing “The Ultimate Trading App.”
- Design: The developers stressed that they are making the app for a long-term goal and where users can trust and grow with the community.
- For Whom? The app is designed for the Blum drop players, the degens, the traders, and the community in mind.
- The $BLUM’s Role: All the features of the trading app will use $BLUM.
- Between the Lines: It seems that $BLUM will function as the app’s utility token, which means for payment of trading fees, transaction fees, and other in-app services.
So when will the airdrop happen? According to the Blum team, the token generation event and the distribution of airdrop rewards of $BLUM will happen once the trading app is fully functional.
Key Quote:
“We could’ve dropped the TGE sooner, but here’s the truth: we’re not here for empty promises. We’re here to launch a platform that’s fully packed: Trading Bot, Multichain Memepad, Futures Trading — The Ultimate Trading App. That’s been always the plan since day 1.”
Blum Team
Zoom Out: Blum is a decentralized exchange that launched its own tap-to-earn game on Telegram to introduce to users the basics of cryptocurrency mechanics in a risk-free way, without requiring any initial investment from the participants.
- Within the game, Blum introduced “Tribes,” so players can group and earn more in-game points.
- Then, in September 2024, Blum qualified for BNB Chain’s Most Valuable Builder (MVB) Program and secured investments from Binance Labs, the venture capital arm of the international crypto exchange Binance.
- The Telegram game also launched “Memepad,” so players and tribes can create their own tokens, trade meme coins, and earn more points and crypto.
- Aside from the in-game points called “Blum Points,” another points system has been launched within the Blum TG game called “Meme Points,” which can be collected through trading the meme coins launched on the Memepad.
- On January 10, 2025, the Blum team introduced “Blum Trading Bot,” an automated tool that helps players trade tokens faster and smarter on Memepad, across TON’s ecosystem, and even more blockchains coming soon.
By the Numbers: As of this writing, the Telegram game of Blum has monthly active users of 22.92 million.
This article is published on BitPinas: Wen $BLUM? Telegram App with 23M Players Explains Token Launch and Airdrop Delay
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