Blum announced significant changes in strategy after working with investors, exchanges, and major stakeholders. Especially, the eagerly awaited $BLUM token will launch in June, both on the Blum app and on decentralized exchanges.
The snapshot process for how many tokens each team will receive will take place early in June. Even after the departure of co-founder Vladimir Smerkis, the team is sure that Blum can fulfill its key ambitions in the future.
Originally, Blum was a multichain network, but it is now shifting to a bigger role within the TON (The Open Network ) framework. Blum’s team uses Telegram as their main system, and they are working to update their Telegram Trading Bot, which now supports over 7,000 users and has helped process over $50 million in trades. Future updates bring a Telegram-centered trading terminal and a wider TON launchpad for trading coins built on the TON network.
Blum also called out recent allegations that 99% of their users are bots, saying those claims are without solid evidence or credible information. TradeAfair said that Dune’s public records show there are more than 440,000 traders, a trading volume of over $70 million, more than 340,000 tokens, and close to 1,000 tokens now traded on decentralized exchanges.
Blum announced its intention to streamline and expand on-chain trading for Telegram’s huge user community. The team has set up an AMA (Ask Me Anything) session that will happen next week to address questions from the community.
