Blum Announces Airdrop Snapshot Date Following Co-Founder’s Arrest

Blum — a Telegram mini app that had 42 million monthly users last year — has announced its airdrop criteria and snapshot date after more than a year of development.

The project transitioned from a tap-to-earn model to a trade-to-earn one and is gradually positioning itself as a decentralized exchange (DEX). However, available data suggests Blum has yet to attract significant trading activity amid intensifying competition among DEX platforms.

Blum Reveals Airdrop Conditions and Snapshot Schedule

In its latest announcement, the team stated that the snapshot will occur on June 7. This snapshot will record user balances and activity to determine airdrop eligibility. The distribution is expected to follow shortly after.