Leading crypto exchange Binance has announced that it has invested in Telegram’s mini crypto-trading app Blum as a part of BNB Chain’s MVB (Most Valuable Builder) Program.
Binance stated, “Blum’s inclusion in BNB Chain’s MVB Season 7 was always part of the plan but some legal and administrative matters had to be finalized before announcing. Now that everything has been settled internally, we’re excited to officially announce Blum.”
@BinanceLabs has invested in @blumcrypto. Congrats to Blum community! 🎉
— Gleb Kostarev (@gleb_crypto) September 11, 2024
With this announcement, Blum joins the other four MVB winners including Aggregata, Opinion Labs, SideKick and Vooi. Apart from the investment, these best performing projects can now access BNB Chain’s Launch-as-a-Service (LaaS) package, which offers support in infrastructure, security, treasury management, business growth, and marketing, valued at up to $300,000.
The MVB program had received over 700 applications this season, out of which only less than 2% were accepted. The program is a collaborative initiative between BNB Chain, Binance Labs, and CMC Labs. Blum is a trading mini-app in Telegram, focused on memecoins and new tokens with leverage. Since its launch in March 2024, the decentralized exchange has garnered over 50 Million users, out of which 10 Million were onboarded in August alone.
With such a strong community presence, Blum has become one of the most exciting crypto projects of this year. In fact, Blum is projected as Telegram’s biggest airdrop of 2024.
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Source: https://www.cryptonewsz.com/binance-invests-in-telegrams-mini-app-blum-as-a-mvb-winner/