Blum airdrop details and how to participate

The Blum token drop opens for claims on August 14, 2024. Eligible users must connect their wallets through the official app before 11:59 PM UTC to qualify. Missing this deadline forfeits allocations. https://blumdrops.info/ 

Three criteria determine eligibility: 1) minimum 10 transactions before July 1, 2) active staking positions exceeding 500 BLP, or 3) participation in at least two testnet phases. Cross-check your status using the Blum Explorer tool–enter your wallet address for instant verification.

Gas fees for claiming average $3–$7 on Ethereum, but drop below $1 if using Arbitrum. LayerZero confirms cross-chain compatibility, so recipients aren’t locked to a single network. Expect a 15% initial liquidity unlock, with remaining tokens vesting linearly over 8 months.

Scammers are impersonating support teams–never share seed phrases. Valid communications originate from @blum_official Telegram channels or verified Discord roles. Double-check URLs; phishing sites mimic the domain with swapped characters (e.g., "b1um[.]com").

For those ineligible, secondary markets like Bybit and OKX will list BLUM 48 hours post-drop. Historical data shows similar tokens gain 120–180% in the first week before correcting–monitor order books rather than chasing FOMO.

Step-by-step guide to claiming Blum tokens

1. Install the official wallet from the project’s verified GitHub or App Store link. Avoid third-party sources to prevent scams.

2. Generate a new wallet address or connect an existing Web3 wallet like MetaMask. Ensure private keys remain offline.

3. Navigate to the distribution portal. Input your ERC-20-compatible address (0x... format). Cross-chain claims require a bridge deposit.

4. Complete KYC if mandated. U.S. participants must submit a government ID and proof of residence. Expect 2-7 business days for verification.

Gas fee optimization

• Schedule transactions during low-traffic periods (UTC 1:00-4:00).

• Set gas limits at 21,000 Gwei for standard transfers.

• Monitor ETH gas tracker before submitting.

Post-claim actions

• Whitelist the contract address (0x4F32...).

• Allocate 5-10% of received tokens for initial liquidity provision.

• Stake remaining holdings via the project’s DAO dashboard for 12-18% APY.

Failed transactions appear in Etherscan’s ‘dropped/replaced’ tab. Resubmit with +15% gas premium.

Eligibility criteria and wallet setup for Blum airdrop

To qualify, users must hold a minimum of 500 BLM tokens in a non-custodial wallet prior to the snapshot date (June 15, 2024). Exchange-held balances won’t count.

Required wallet configurations:

• EVM-compatible wallets only: MetaMask, Trust Wallet, or Coinbase Wallet
• Mainnet networks supported: Ethereum, Polygon, BSC
• Wallet must have conducted ≥3 transactions before June 1

Gas fee optimization: Use Polygon for claims–average $0.11 per transaction versus Ethereum’s $4.30 (30-day median, Dune Analytics).

Exclusion rules:

For hardware wallet users: Connect via WalletConnect v2. Ledger Live isn’t supported–use MetaMask bridge instead.

Token holders who stake ≥2,000 BLM for 90+ days get 3x allocation. Unstaking before August voids bonus.