Introduction to Blum and $BLUM Token
Blum is revolutionizing crypto accessibility by consolidating services into a single app. The recent launch of the **$BLUM token** marks a milestone, offering utility-driven features like fee discounts, staking rewards, and eligibility for future airdrops. Below, we break down everything you need to know about $BLUM’s token generation event (TGE), listings, and ecosystem benefits.
Key Highlights of $BLUM Token Launch
1. Token Utility and Value Proposition
- Fee Discounts: Reduce transaction costs within the Blum ecosystem.
- Staking Rewards: Earn passive income by staking $BLUM.
- Airdrop Eligibility: Holders gain access to exclusive future airdrops.
- Deflationary Mechanism: Monthly burns (starting July 1) reduce supply, enhancing scarcity.
2. Exchange Listings and Trading
- Bitget: Listed June 27 at 10 AM UTC (Trade here).
- Gate.io: Trading began June 27 at 11 AM UTC.
- Blum Mini-App & Trading Bot: Live trading post-TGE at 10 AM UTC.
3. Airdrop Claim Process
- Claim Window: Opened at TGE (10 AM UTC) via the Blum mini-app.
- Important Note: Unclaimed/unvested tokens are burned, permanently reducing supply.
$BLUM Token Metrics and Burn Mechanism
| Metric | Details |
|---|---|
| Initial Supply | 7.7M claimed; 18M burned (Day 1) |
| Burn Schedule | Monthly, starting July 1 |
| Total Burned | 1.8% of supply on Day 1 |
👉 Learn more about tokenomics here
Promotions and Campaigns
Bitget Sign-Up Campaign (30,000 $BGB Rewards)
Steps:
- Download Bitget via this link (new users only).
- Complete KYC to earn 0.5–5 $BGB.
- Deadline: Runs until TGE. Rewards distributed post-TGE.
Trading Competitions ($23,500 Prize Pool)
- Leaderboard: Top 25 traders by volume share $18.5K.
- Daily Flash Rounds: $5K for net buyers (10 days).
- Dates: June 27–July 14.
FAQ Section
1. When can I claim my $BLUM airdrop?
- Claims opened at TGE (June 27, 10 AM UTC) via the Blum mini-app.
2. What exchanges list $BLUM?
- Bitget, Gate.io, and Blum’s native platforms.
3. How does the burn mechanism work?
- Monthly burns remove tokens from circulation, starting July 1.
4. What are the benefits of holding $BLUM?
- Utility includes fee discounts, staking rewards, and future airdrop access.
5. Is there a buyback plan for $BLUM?
- Blum is exploring token buybacks alongside burns (details forthcoming).
Conclusion
Blum’s $BLUM token merges practicality with deflationary design, offering tangible benefits for users. With strategic burns, tiered rewards, and multi-platform accessibility, $BLUM is poised to strengthen Blum’s ecosystem. Stay tuned for updates on partnerships and expanded utilities!