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BLUM is a hybrid cryptocurrency exchange project that aims to be a one-stop shop for all your crypto needs. Here's the breakdown:

What it is:

  • A hybrid exchange: This means it combines features of centralized exchanges (CEXs) and decentralized exchanges (DEXs).
  • Aims for ease of use: Blum wants to make buying, selling, and trading cryptocurrencies simpler, especially for those new to the space.
  • Access to various tokens: Blum says you'll be able to trade tokens from both CEXs and DEXs within their platform.

Telegram boat aspect:

  • Blum currently has a mini-app on Telegram. This acts as an initial way to interact with the project.
  • The Telegram mini-app offers "Blum Points farming." This means you can earn points within the Telegram app, though how these points translate to actual crypto benefits is unclear.
  • Important note: There seems to be a focus on acquiring points through inviting friends and potentially completing tasks. This can be a red flag for some crypto projects, so proceed with caution.

Other things to know:

  • They are planning a mobile app in addition to the Telegram mini-app.
  • Their website is https://www.blum.io/.
  • There's a lot of hype around the project, but it's still early days. Be sure to do your own research before investing any money.

Here are some additional things to consider:

  • Earning with crypto: While Blum mentions earning through farming points, be wary of projects that heavily emphasize getting people to sign up friends or complete tasks.
  • New project: Blum is a new project, so there's inherent risk involved. It's best to only invest what you can afford to lose.
  • Research is key: Before investing in any crypto project, research the team behind it, the project's roadmap, and any potential risks.

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