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.
Telegram app Blum has explained the delay in launching its native token, $BLUM, and its airdrop, revealing that the team is still developing the use cases for the token.
The Blum team stated that the delay is intended 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 the distribution of rewards. (Join Blum on Telegram here.)
Blum is building “The Ultimate Trading App.”
When will the airdrop happen? The token generation event and the distribution of airdrop rewards of $BLUM will happen once the trading app is fully functional, the Blum team said.
“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 is a decentralized exchange that launched its own tap-to-earn game on Telegram to introduce users to the basics of cryptocurrency mechanics in a risk-free way, without requiring any initial investment from the participants.
The Telegram game of Blum has 22.92 million monthly active users as of this writing.
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