The team behind Telegram’s Blum app explained the delay in the launch of $BLUM and its airdrop, stating that they are still in the process of developing use cases for the token.
What is the meaning? The Blum team explained that the delay is intended to prevent the price of $BLUM from dropping after the airdrop, differentiating it from other Telegram-based projects whose tokens often experience price drops after reward distribution. (Check out Blum on Telegram here.)
What is the news? The Blum team is currently developing “The Ultimate Trading App.”
- Design: The developers emphasized that they are creating the app with a long-term goal and where users can trust and grow with the community.
- For whom? The app is designed with Blum drop players, degens, traders and the community in mind.
- The role of $BLUM: All trading app functions will use $BLUM.
- Between the lines: It appears that $BLUM will function as the app’s utility token, i.e. for payment of trading fees, transaction fees, and other in-app services.
So when will the airdrop happen? According to the Blum team, the $BLUM token generation event and airdrop reward distribution will occur once the trading application is fully functional.
Key quote:
“We could have abandoned the TGE sooner, but here’s the truth: we are not here to make empty promises. We are here to launch a fully featured platform – Trading Bot, Multichain Memepad, Futures Trading – the ultimate trading app. That has always been the plan from day 1.”
Team Blum
Remove: Blum is a decentralized exchange that launched its own tap-to-earn game on Telegram to introduce users to the basics of cryptocurrency mechanics risk-free, without requiring any initial investment from participants.
- Within the game, Blum introduced “Tribes,” so players can group together and earn more points in the game.
- 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 international crypto exchange Binance.
- The Telegram game also launched “Memepad”, so that players and tribes can create their own tokens, exchange meme coins, and earn more points and cryptocurrencies.
- In addition to the in-game points called “Blum Points”, another point system has been launched within the Blum TG game called “Meme Points”, which can be accumulated by exchanging the meme coins dropped 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 the TON ecosystem, and soon even more. blockchains.
In numbers: At the time of writing, Blum’s Telegram game has 22.92 million monthly active users.
This article is published on BitPinas: Wen $BLUM? Telegram app with 23 million players explains token launch and airdrop delay
What else is happening in Crypto Philippines and beyond?
