Blum Listing Date: What To Expect

Blum is a crypto-based game embedded within a Telegram mini-app that merges the worlds of gaming and cryptocurrency trading. Users can accumulate Blum Points (BP) by engaging in different activities such as farming points, completing tasks, playing mini-games, and inviting friends through referral links. These points can be redeemed for rewards and may even be converted into tokens. Thanks to its distinctive features and earning potential, Blum has rapidly attracted the interest of both gamers and investors alike. This guide will walk you through the listing process and important considerations once it takes place.

Blum airdrop and listing overview

Blum listing is now scheduled for Q1 2025. Traders are advised to stay updated on any changes in the listing date and to prepare for possible fluctuations in price.

With the listing date nearing, investors have the opportunity to earn significant returns based on the number of tokens held. It's important to monitor the market and time your withdrawals or trades accordingly.

Gate.io initiated pre-launch token trading for Blum token ($BLUM) through its secure Pre-Market OTC platform on October 16th. The BLUM/USDT pair is traded based on a total supply of 100B tokens.

The pre-market mechanism works through a secured collateral system: buyers' USDT is blocked (not spent) by Gate.io until the official listing. This USDT is only transferred to sellers after they successfully deliver $BLUM tokens during the designated delivery period. If sellers fail to deliver, buyers receive compensation from the sellers' collateral.

This approach enables traders to lock in preferred prices and amounts in advance while maintaining safety through the collateral scheme. All trades require full collateral backing, and leverage is prohibited. Once orders are filled, they cannot be canceled, and participants must wait for the official delivery period for token transfer or compensation.

The Pre-Market OTC system facilitates orderly early price discovery and protects both parties via its security mechanisms. This establishes a solid foundation for the token's official market debut.

How to prepare for the Blum listing

Getting ready for the Blum listing involves several key steps to ensure you're in the best position to take advantage of the opportunities it presents. Here's a guide to help you prepare:

1. Stay Informed. Follow Blum’s official channels on Telegram, Twitter, and other social media to keep up with the latest updates on the listing date, exchanges, and any relevant announcements.

2. Secure your Blum points (BP). Make sure you’ve accumulated enough Blum Points (BP) through tasks, mini-games, and referrals. These points may play a critical role once the token becomes tradable.

3. Set up your exchange account. Blum will be listed on major exchanges (like other coins from tap games), allowing users to trade against USDT, BNB, FDUSD, TRY, etc.

4. Understand tokenomics. Research Blum’s tokenomics to get a clear understanding of the total supply, utility, and potential value. This will help you make informed decisions on whether to trade, hold, or stake your tokens.

5. Prepare funds. If you’re planning to buy Blum tokens, make sure you have sufficient funds (e.g., Ethereum, Bitcoin, or stablecoins) in your exchange or wallet, depending on where the token will be listed.

6. Develop a strategy. Whether you plan to trade Blum immediately upon listing or hold for the long term, it’s essential to have a clear strategy in place. Consider factors such as market trends, potential price volatility, and your financial goals.

By taking these steps, you can position yourself effectively for Blum listing and maximize your participation in the platform's ecosystem.

How to withdraw Blum after listing?

Step 1: Log in to your account

Log in to your account using your credentials. Ensure that Two-Factor Authentication (2FA) is enabled for enhanced security. This step is crucial to prevent unauthorized access to your funds.

Step 2: Convert Blum to a major cryptocurrency

If Blum is not directly withdrawable, you may need to convert it to a more commonly supported cryptocurrency such as USDT or BTC. Here’s how:

1. Go to the "Markets" section.

2. Search for the Blum trading pair, such as BLUM/USDT or BLUM/BTC.

3. Execute the trade by selecting "Sell Blum" under the "Market" option for an instant transaction. Alternatively, use the "Limit" option if you prefer a specific selling price.

Step 3: Transfer funds to your fiat and spot wallet

To withdraw, ensure your Blum or the converted cryptocurrency is in your "Fiat and Spot" wallet:

1. Navigate to the "Wallet" tab and select "Fiat and Spot."

2. Click "Transfer" and move your funds from the "Funding" or "Margin" wallet to the "Fiat and Spot" wallet.

3. Confirm the transfer.

Step 4: Initiate the withdrawal process

1. Go to the "Withdraw" section by clicking the "Withdraw" button on the "Fiat and Spot" page.

2. Choose the cryptocurrency you wish to withdraw.

Step 5: Enter the withdrawal details

1. Select the network. Make sure to select the correct blockchain network for your withdrawal.

2. Enter the wallet address. Copy the wallet address from the destination where you want to receive the tokens. Paste it carefully into the designated field.

3. Input the amount to withdraw. Enter the amount you wish to withdraw. Fees and minimum withdrawal amounts will be displayed at this stage.

Step 6: Monitor your withdrawal status

Track the status of your withdrawal under the "Recent Withdrawals" section. Most withdrawals are processed within minutes to an hour, but delays can occur due to network congestion or technical issues.

Risks and warnings

1. Network mismatch. Choosing the wrong network for withdrawal can lead to the permanent loss of your funds. Always verify network compatibility with your destination wallet.

2. Delayed transactions. High network traffic can delay withdrawals. Plan accordingly to avoid frustration.

3. Security threats. Enable 2FA, use strong passwords, and regularly update security settings on your Binance account to protect your assets.

Timing and security are everything

Anastasiia Chabaniuk Author, Financial Expert at Traders Union

When dealing with crypto listings and withdrawals, timing and security are everything. Plan your trades in advance, stay updated on news, and double-check all details like wallet addresses and network selection. Be prepared for volatility but stick to your strategy — don’t let emotions drive your decisions. Always prioritize risk management to protect your capital while navigating new opportunities.

Diversify your investments, don’t over-leverage, and keep a portion of your funds liquid to take advantage of unexpected opportunities. It's about balancing optimism with caution - something every successful trader learns over time.

Conclusion

The Blum listing date in Q1 2025, presents an exciting opportunity for both new and seasoned traders. By understanding the tokenomics, preparing thoroughly, and staying up to date, you can position yourself to capitalize on this event. Be sure to approach it with a well-defined strategy, carefully manage your risks, and, most importantly, enjoy the experience.

FAQs

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Team that worked on the article

Parshwa Turakhiya

Author at Traders Union

Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.

Learn about our editorial policies

Chinmay Soni

Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Glossary for novice traders

Forex Trading

Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.

Bitcoin

Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.

Crypto trading

Crypto trading involves the buying and selling of cryptocurrencies, such as Bitcoin, Ethereum, or other digital assets, with the aim of making a profit from price fluctuations.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.