A game-changing cryptocurrency exchange on Telegram
Binance Labs, the venture capital arm of the largest crypto exchange, has invested in a new project called Binance Blum. Blum is a decentralized crypto exchange integrated into the Telegram platform. This helps the Binance Lab investment platform in two ways. First of all, it accelerates the growth and development of the platform and secondly, this provides exposure to many crypto enthusiasts. Are you ready to learn what this platform is and why it is making waves in the crypto space?
Fast growth and special characteristics of bloom
Blum caught the attention of the crypto space after launching on April 19 this year. Impressed by its innovative approach, 100,000 users signed up within 24 hours of its launch. Like other Telegram-based mini-apps, you can access Blum in your Telegram app. Telegram has over 950 million monthly users, giving Blum a huge audience. Blum currently has over 60 million registered users and 18 million daily active users. This platform ranks at number three among the most popular crypto platforms worldwide.
Although Blum is a decentralized crypto exchange, they still implement the popular tap-earning model. This is not a game, it's just a way to participate. Users earn points and rewards for their interactions within the app. Like other popular touch games, Blum rewards its users for completing various tasks like connecting tons of bags and watching videos. This approach has proven successful with more than 30% of users linking their wallets. The Telegram channel of this project has reached more than 22 million subscribers.
The most anticipated air drop
The community is eagerly awaiting Bloom's airdrop next week on September 20th. The $blum token will be listed on Binance and other major crypto exchanges shortly after the airdrop. The starting price of this token at the time of launch is expected to be $0.1667. Bloom's future plans include introducing a Mempad feature that will allow users to create and trade tokens on the platform. The exchange has partnered with popular crypto platforms such as OKX, Bybit and Bitget, as well as with famous artists and rappers.
A systematic approach
Blum has the unique ability to combine the best features of centralized and decentralized crypto exchange. The launch of this platform as an app like Telegram allows users to switch between messaging and chatting. You don't need to have two apps for this purpose. This unique feature significantly reduces user acquisition costs and thus makes Blum an attractive proposition for investors.
The support from Binance Labs and other investors shows the confidence in Bloom to disrupt the crypto exchange space. As the platform grows and evolves, it will be interesting to see how it shapes the future of decentralized finance globally.
