Binance Invests in Telegram Mini-App Blum, Named MVB Winner

Binance has invested in Blum, a mini cryptocurrency trading application on Telegram, as part of the BNB Chain’s Most Valuable Builder (MVB) program. Blum has officially joined the seventh season of the MVB program, alongside four other winning projects, and will receive support services valued at up to $300,000. This season, the program received over 700 applications, with an acceptance rate of less than 2%. Since its launch in March 2024, Blum has attracted over 50 million users, with 10 million new users added in August alone, making it one of the most watched cryptocurrency projects. It is also expected to participate in Telegram’s largest airdrop in 2024.

The leading cryptocurrency exchange Binance announced its investment in Blum, a mini cryptocurrency trading application on Telegram, as part of the BNB Chain’s MVB (Most Valuable Builder) program.

Binance stated,

“Blum’s inclusion in the BNB Chain’s MVB Season 7 has always been part of the plan, but some legal and administrative matters had to be finalized before the announcement. Now that everything has been settled internally, we are excited to officially announce Blum.”

With this announcement, Blum joins the ranks of other MVB winners, including Aggregata, Opinion Labs, SideKick, and Vooi. In addition to the investment, these top-performing projects now have access to the BNB Chain’s Launch-as-a-Service (LaaS) package, which provides support in infrastructure, security, treasury management, business growth, and marketing, valued at up to $300,000.

The MVB program received over 700 applications this quarter, with less than 2% being accepted. The program is a collaborative effort between BNB Chain, Binance Labs, and CMC Labs.

Blum is a trading mini-app on Telegram, focusing on memecoins and new tokens with leverage. Since its launch in March 2024, this decentralized exchange has attracted over 50 million users, with 10 million new users added in August alone.

Sentiment: Positive