Dear Community,
Thank you for your support – over the past week, it’s meant a great deal to the entire team.
Following a series of discussions with investors, exchanges, and other stakeholders, we’ve made several key strategic decisions and would like to share them with you.
1. Token Launch
We understand the community’s anticipation around the token launch. Despite recent challenges following Vladimir Smerkis’ departure, we remain incredibly confident in Blum’s proposition and ability to outstanding value and returns.
We’re therefore delighted and excited to announce that $BLUM token will be launched in June within the Blum app itself and on decentralized exchanges. The snapshot for distribution will take place during the first week of June.
2. Product Strategy
Blum was originally built as a multichain platform. However, recent policy changes on Telegram – including the mandate for mini-apps to operate exclusively with TON and restrictions on third-party wallets – require us to adapt.
Telegram remains our core platform. In response, we’re deepening integration within the TON ecosystem and shifting focus away from broader multichain development. We remain long-term believers in a multichain future and may revisit this when the landscape evolves.
Key product priorities include:
- Enhancing our Telegram Trading Bot – already used by over 700,000 traders, with more than $50M in volume.
- Launching a new trading terminal specifically designed for active Telegram users.
- Expanding the TON launchpad within the Telegram Mini App, with features for on-chain trading of TON-based assets.
3. Addressing Bot Claims
Recent media and influencer claims suggesting “99% of users of Blum are bots” are unfounded and unsupported by credible data. We categorically refute these rumours.
While “farming” – the use of bots to game systems – is a known issue in Web3, we’ve built internal mechanisms to detect and mitigate such activity.
We encourage everyone to rely on verified data, which remains publicly accessible. Our metrics speak for themselves. All on-chain data is transparently available at dune.com/ton_foundation/blum
Key verified stats include:
- 440,000+ traders have completed transactions
- $70M+ in total trading volume
- 340,000+ tokens launched
- ~1,000 tokens migrated to DEX
4. What’s Next
Our mission remains unchanged: to make on-chain trading simple, native, and accessible for millions of Telegram users.
Next week, we’ll host an AMA with the co-founders to answer your questions and hear your thoughts.
Thanks for being part of this journey.
Team Blum
