Blum's $BLUM Token Generation Event Goes Live: Key Details | BSCN (fka BSC News)

Blum, the Telegram-native hybrid crypto exchange, has officially launched its $BLUM Token Generation Event (TGE) today, June 27, 2025, marking a significant milestone for the project. This development is a crucial step for Blum, which has evolved from a "tap-to-earn" game into a comprehensive trading platform with over 90 million users globally. Additionally, the protocol has also launched staking, ensuring that holders earn more with its native $BLUM asset

The TGE coincides with the token's listing on Centralized Exchanges (CEX), making $BLUM available for trading. Exchanges like Gate and MEXC have already listed the asset. According to several reports on X, $BLUM was listed at an average price of $0.1 on both exchanges

Blum's Journey to TGE

Blum, launched in April 2024, initially gained traction as a Telegram mini-app that allowed users to earn points through a game. These points, accumulated by clicking green crystals and completing daily tasks, are now convertible to $BLUM tokens at the TGE. The project, backed by former Binance executives, aimed to redefine cryptocurrency trading for millennials and Gen Z, offering features such as AI co-pilot, peer-to-peer trading, and derivatives

With support for over 30 blockchain networks, including Ethereum, BNB Chain, TON, and Solana, Blum has positioned itself as a versatile platform for crypto enthusiasts. The TGE represents the culmination of months of anticipation, with Blum confirming the event in a blog post released on June 14, 2025. The tokenomics and listing details were meticulously planned, ensuring a structured approach to the token's distribution and market entry.

Tokenomics and TGE Details

The total supply of $BLUM is set at 1 billion tokens, with a detailed allocation strategy designed to support long-term growth and community engagement. According to Blum's tokenomics, released on June 14, 2025, the distribution is as follows:

BLUM token distributions

At the TGE, 30% of the community allocation (60 million tokens) is unlocked immediately, with the remaining 70% vesting over a period of 6 months. This structured release aims to maintain market stability and encourage long-term participation. The ecosystem growth allocation, comprising 20% of the total supply, will see 19% (38 million tokens) unlocked at TGE, with the rest vesting over 48 months to support ongoing development and partnerships.

Airdrop Distribution and Eligibility

The airdrop, a key component of the community allocation, required users to meet specific criteria to be eligible. As detailed in various guides, such as those from Bitget and CoinMarketCap, users needed to accumulate at least 100,000 Blum Points (BP), earn 750 Meme Points (MP) or provide verifiable Proof of Activity (PoA), refer a minimum of two users, and pass internal anti-Sybil checks to exclude bots. A snapshot was taken on June 7, 2025, at 00:00 UTC to determine eligibility.

The airdrop claim process enables users to access 30% of their allocation immediately, with the remaining 70% vesting over a 180-day period. Unclaimed portions of the airdrop will be burned, reducing the total supply and potentially increasing the value of the remaining tokens. This mechanism is designed to reward active participants while maintaining a balanced token economy.

Future Prospects

Blum's TGE and subsequent listing on CEXs are critical for its growth trajectory. The platform's evolution from a game to a full-fledged trading ecosystem, combined with its massive user base, positions it as a potential leader in the crypto space. The tokenomics, with a significant portion allocated to community and ecosystem growth, reflect a commitment to sustainability and long-term value creation.

Future developments, as outlined in Blum's roadmap, include further integrations and products that will enhance the platform's utility. The Treasury allocation, comprising 28.08% of the total supply, will support these initiatives, ensuring Blum remains competitive and innovative.

For more information, users can visit Blum's official website or follow updates on their X account @blumcrypto.