Blum Unlocks 30% of BLUM Tokens at TGE to Boost Community Engagement

Blum, a Web3 transaction app within the Telegram ecosystem, has announced that users can now check their achievements and query the distribution of BLUM tokens through the application. The Token Generation Event (TGE) has made 30% of the tokens claimable, with the remaining airdrop to be unlocked daily in equal amounts over the next 180 days. This initiative is designed to engage the community and distribute tokens more widely, incentivizing participation and rewarding early supporters. The probability of winning the airdrop is based on the amount of wallet funds participants have, encouraging deeper engagement with the platform.

In February of this year, Blum successfully completed a $5 million Pre-Seed and Seed round financing. The round was led by gumi Cryptos Capital, with participation from YZi Labs, The Spartan Group, No Limit Holdings, OKX Ventures, The Open Platform, Bitscale Capital, and Wintermute Ventures. This funding round underscores the confidence investors have in Blum's potential and its strategic initiatives, such as the BLUM Token Airdrop.

Blum's strategy of making 30% of the tokens claimable at TGE is aimed at creating immediate liquidity and fostering a sense of ownership among its community members. This approach can help in building a strong user base and increasing the token's utility and value over time. The airdrop mechanism is a common strategy in the cryptocurrency world, used to generate interest and distribute tokens to a broader audience. By opening the airdrop query to all eligible participants, Blum ensures that a wide range of users can benefit from the airdrop, regardless of their initial investment or participation level.

Blum's decision to open the airdrop query and make a substantial portion of the tokens claimable at TGE is a strategic move to build a robust and engaged community. By rewarding early supporters and creating immediate liquidity, Blum aims to establish a strong foundation for its token's success. This approach not only incentivizes participation but also fosters a sense of ownership and loyalty among its users, setting the stage for long-term growth and sustainability. The airdrop is not a guaranteed win for all participants, as the probability of winning is based on the amount of wallet funds participants have, with larger amounts increasing the chances of receiving tokens. This structure encourages users to engage more deeply with the platform and hold a larger amount of funds in their wallets, thereby increasing their chances of winning.