Blum Crypto Hit by Scam Issue: Fake Airdrops on Telegram, What's Happening?

Bittime - Blum Crypto Hit by Scam Issue: Fake Airdrops on Telegram, What's Happening? The crypto world has been shocked again with scam rumors related to a fake airdrop involving Blum Crypto.

This issue surfaced after a number of Telegram users reported the distribution of BP Points, which were claimed to be part of the Blum airdrop.

However, many still misunderstand what is really going on.

This article will discuss the scam rumors and provide an overview of what is happening regarding the blum airdrop that is being discussed in the crypto community.

Also read Blum Listing Prediction on Binance

Fact or Hoax: Blum Crypto is Not a Crypto Token

Before we get caught up in the rumors, it is important to emphasize that Blum is not a crypto token.

Blum is the name of a crypto exchange platform that is still under development.

However, Blum's lack of clarity in conveying this information has caused confusion among users.

In the case that went viral on Telegram, users who engaged with the Blum app did not receive crypto tokens, but rather BP Points (Blum Points).

It should be noted that BP Points are not tradable tokens, and to date, Blum has made no official announcement regarding the value or launch of BP Points on the crypto market.

Games and Tasks on Telegram: What are BP Points?

If you're an active Telegram user, you may have seen a promotion about Blum's BP Points airdrop.

In the Blum app on Telegram, users can play games and complete various tasks to collect BP Points.

Although some users think they are collecting crypto tokens, the truth is that BP Points are not yet tradable and there is no official value set by Blum.

According to speculations, if BP Points are launched as a token on crypto exchanges, the initial value is expected to be around $0.0004 per point.

However, again, this is just speculation and not based on any official information.

Also read Blum Shares X Empire Token Airdrop to its Players

Rumors of Listing on Binance: Fact or Hoax?

In addition to the fake airdrop issue, there are also rumors that Binance- one of the largest crypto exchanges in the world - will list Blum.

Unfortunately, until now there has been no official announcement from Binance or Blum confirming that Blum will be listed on the exchange.

News of a listing on Binance often triggers wild speculation among the crypto community.

However, as a crypto investor or user, it is important to always be cautious and only trust information from official sources to avoid the trap of false expectations.

Avoiding Scams and Over-Expectations

As is often the case in the crypto world, fake airdrops and listings can be a trap for both new users and experienced investors.

In Blum's case, it's important to remain vigilant and not get your hopes up about making big profits from the airdrop.

In fact, Blum has yet to launch a tradable token, and the BP Points given out on Telegram have no current market value.

So, if you're hoping to make big profits from this airdrop, you might be disappointed.

Always do thorough research before getting involved in any airdrop or crypto investment project.

Make sure you get your information from reliable sources and avoid getting caught up in unconfirmed rumors.

Conclusion

The issue of Blum's airdrop and the scam rumors circulating on Telegram have indeed caused some confusion among the crypto community.

However, it is important to remember that Blum is not a crypto token but a crypto exchange platform, and the BP Points given to Telegram users are not yet tradable.

Don't get caught up in false expectations and always be wary of rumors that have not been officially confirmed.

Always make sure that you are getting your information directly from trusted sources, and don't hesitate to do further research before making a decision.

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