The meteoric rise of Telegram's TON ecosystem has introduced a variety of platforms and tools for trading digital assets natively on the messaging app platform. Of these various trading platforms and exchanges is Blum. Given Blum's seamless integration with Telegram and promises of how it will transform crypto trading, users appear to be flocking to Blum in droves so they can enjoy a Telegram trading experience that's easy, fast, and community-driven. If you believe Blum provides an ideal gateway into the world of memecoin and crypto trading, you'll likely want to get yourself exposed to the platform's native tokens when BLUM inevitably TGE and become tradeable onchain. Although you can't trade BLUM yet, this doesn't mean you can't prepare for it. Here's everything you need to know when it comes to trading BLUM on Telegram.
Why choose Blum for trading on Telegram?
Before we dive into the exact mechanics of trading BLUM, let's first go through why some traders are confident in BLUM's long-term value. Unlike most trading platforms, Blum stands out in a crowded market by addressing key user needs and offering unparalleled advantages over traditional trading platforms. Here are some key ways Blum distinguishes itself as a premiere hybrid trading platform on Telegram.
Ease of use: Blum’s Telegram-based mini-app makes trading highly accessible, even for beginners. With no need to download additional apps or navigate complex interfaces, users can get started in minutes. This is further emphasized through how Blum Memepad is intuitively designed with memecoin trading in mind.
Community-centric design: Unlike isolated trading platforms, Blum fosters interaction and trust within Telegram’s ecosystem thanks to its referral mechanic and vocal community that constantly provides feedback about the platform. This encourages growth within the ecosystem as users dialogue with the team and get desired design choices made.
Flexibility: Blum plans to simplify asset management, offering seamless options for depositing, withdrawing, and trading funds. In fact, we're already seeing it now with how Memepad makes launching and trading memecoins on Blum easy.
A step-by-step guide to trading BLUM
Not yet logging in daily to rack up those Blum points? You'll likely miss out on part of the BLUM airdrop allocation once the TGE takes place. If you're keen to start, here's a quick guide to get you up to speed.
1. Setting up a Telegram account
Blum operates entirely within Telegram, so having an account is the first step to getting access to Blum. If you’re new to Telegram, download the messaging app, create your account, and explore its user-friendly interface.
2. Accessing the Blum mini-app
Once your Telegram account is ready, search for Blum’s official mini-app. Be cautious to avoid fraudulent imitators; you can verify the mini-app’s authenticity by cross-referencing links on Blum’s official website and community channels. Then, make a mental note for the correct Blum app for easy access.
3. Completing KYC verification
For secure and compliant transactions, Blum will likely require users to complete a KYC process like many of the other airdrops from Telegram mini-apps. This ensures that all users are verified, reducing risks of fraudulent accounts trying to abuse the airdrop system. That's when it's wise to have your identification documents ready so you can effortlessly follow the simple prompts to finalize verification.
4. Confirming your allocation and getting your BLUM
Once your KYC verification is done and you've confirmed your allocation, the allocated BLUM tokens will appear in your Blum wallet. Secure your holdings by enabling additional security measures like two-factor authentication for maximum protection.
5. Trading your BLUM
With the TGE of BLUM, we'll likely also see a trading platform interface that's similar to the one we currently have with the Blum Memepad. As such, you'll probably be able to trade your BLUM and swap it for TON or stablecoins if you so desire.
Is BLUM worth farming and trading?
Many speculative traders are likely drawn to Blum due to its unique features and market potential within the TON ecosystem. Questions like “will BLUM's price increase” or “how much will Blum be worth in the future” will likely be asked as a result of the growing curiosity about the long-term value of BLUM and how the team will deliver on its promises. As Blum can be collected without paying for anything on the Blum platform, it's a matter of whether you feel this act of points farming is worth your personal time and effort. With Blum’s innovative approach and active community support, it does indeed suggest that there's significant potential for growth once Blum executes on its hybrid exchange plans.While it may be difficult to gauge the value of Blum in the short-term, the long-term picture paints a different story. Taking into account factors like its large base of more than 20 million users and backing from significant investors, we may well see BLUM rally in price because of the anticipation of what the Blum platform will be weeks and months down the line. Although this could also mean that BLUM's price may face some form of correction thanks to the inherent volatility of crypto, traders should take the necessary measures to mitigate the risks of trading BLUM when the TGE occurs.
Buying and trading BLUM on Telegram
Thanks to its user friendly design and ease of signing up, buying or trading BLUM on Telegram will likely be a rewarding experience for users seeking a secure and innovative hybrid exchange platform. By following the steps outlined above, you’ll be well-prepared to explore Blum’s features and opportunities confidently.For the latest on BLUM, check out our Blum price page for more updated information about the project.
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