Blum — a Telegram mini app that had 42 million month-to-month customers final yr — has introduced its airdrop standards and snapshot date after greater than a yr of growth.
The mission transitioned from a tap-to-earn mannequin to a trade-to-earn one and is steadily positioning itself as a decentralized change (DEX). Nevertheless, out there knowledge suggests Blum has but to draw important buying and selling exercise amid intensifying competitors amongst DEX platforms.
Blum Reveals Airdrop Circumstances and Snapshot Schedule
In its newest announcement, the crew said that the snapshot will happen on June 7. This snapshot will report person balances and exercise to find out airdrop eligibility. The distribution is predicted to comply with shortly after.
Blum additionally outlined three circumstances for airdrop eligibility. Individuals should meet at the very least one of many following:
- Personal over 100,000 Blum Factors (BP),
- Accumulate at the very least 750 Meme Factors (MP) or present proof of energetic engagement,
- Refer at the very least two customers and move the Sybil examine (to verify they don’t seem to be bots or duplicate accounts).
These standards have sparked blended reactions throughout the Blum group. Whereas some customers are happy to qualify, others have expressed frustration over the strict necessities.
For instance, one person on X posted a screenshot exhibiting he didn’t qualify regardless of logging in for 67 consecutive days. One other person known as the Meme Factors requirement “very unfair,” particularly for long-time supporters of the mission.
These reactions spotlight Blum’s problem in balancing equity with anti-sybil measures to forestall abuse.
Though Blum has shared the snapshot date and airdrop guidelines, it nonetheless hasn’t disclosed the tokenomics. This lack of element makes it troublesome for customers to estimate the potential worth of their airdrops.
Blum Makes an attempt to Restore Group Belief After Co-Founder’s Arrest
Blum’s airdrop and snapshot announcement got here shortly after a stunning growth: the arrest of co-founder Vladimir Smerkis on fraud-related prices.
“We perceive the group’s anticipation across the token launch. Regardless of latest challenges following Vladimir Smerkis’ departure, we stay extremely assured in Blum’s proposition and talent to ship excellent worth and returns,” the mission said.
In the meantime, Blum’s day by day buying and selling quantity has plummeted in 2025. Based on Dune Analytics, day by day buying and selling quantity on Blum.io fell from over $700,000 in February to about $6,000 in June.
This sharp drop has severely weakened Blum’s capability to compete within the DEX house — a big downturn for a mission that when rode the tap-to-earn hype and attracted tens of tens of millions of customers.
Every day buying and selling quantity and transaction depend on the Blum platform. Supply: Dune
Beforehand, Blum raised $5 million in a funding spherical led by gumi Cryptos Capital, with participation from different main enterprise companies comparable to Spartan, No Restrict Holdings, YZi Labs, and OKX Ventures.
As of writing, Blum’s pre-market token worth stays round $0.0015, down 90% from its early-year peak. This displays ongoing investor skepticism and locations the mission in a precarious place.
