Once, BLUM used the golden signboard of 'Web3 simple trading entrance' and 'AI + user growth model,' activating the attention and social networks of hundreds of thousands of users with an invitation-based viral model.
Now, BLUM walks towards the end in an extremely ironic way: airdrop launches, crashes 90% in seconds, price anchor is comparable to a joke.
💥 Airdrops turned into empty shells, the real-life (leek harvester) of BLUM users.
Let's review the 'dream-making script' of the BLUM project:
✅ Points obtained through invitation →
✅ Claiming future token weight is related to behavior →
✅ Investors making a splash (still the same few) →
✅ Publicly claiming to 'fairly distribute' user airdrops
What do we ultimately get?
❌ Community contributors get a pittance; even hitting the maximum is not enough to treat for hot pot.
❌ The core team has not disclosed their share, secondary market dumping is like a storm.
❌ The so-called token economic model can't withstand scrutiny, even speculators are too lazy to take it over.
Overnight, users realize they are not early participants, but rather early material providers.
🧠 Master of shell games: Is the new game of Web3 'skin changing'?
The BLUM model can be summarized very simply:
Gameplay = a patchwork of zkSync / Dmail / Port3 / QuestN
Point system = pseudo 'proof of contribution' + FOMO incitement
Airdrop distribution = black box operation + pepper sprinkling rewards
Launch strategy = rapid circulation + market high sell-off
But you have to admit, they are 'storytelling masters':
'BLUM is not building a product; it's creating an illusion.'
📉 Launch leads to a crash, Web3 reputation accounts go bankrupt once again.
The launch price of BLUM's $BLUM Token was 0.01, then quickly slid to 0.0015, a drop of over 85%.
On the day of the opening, users were reminded to 'withdraw quickly,' while the project party quietly turned away in the illusion of 'completed delivery.'
For retail investors, this is not the first time being fooled, but perhaps yet another refresh of the cognitive bottom line:
'We weren't unprepared to exit; we just didn't expect it to drop so fast.'
🔍 Who should we criticize?
We can criticize the project parties:
Using users as a free traffic pool, leveraging KOLs to gain strength, ultimately packing up and leaving.
We can also criticize the investors:
Every time the same VCs, every time they tacitly cooperate in cashing out.
We can even self-deprecate as users:
Even after being arranged in a script of 'points → airdrop → listing → drop' time and again, they will still continue to charge into the next round.
🎭 BLUM, better called BLOW.
Perhaps BLUM's mission is to re-educate the entire Web3 community:
Do not be superstitious about points;
Do not believe in 'invitation fission = contribution';
Do not pin your hopes on tokens that lack governance.
Future truly valuable projects will certainly not start based on 'group pulling' and 'ranking lists.'
What we need to do is not chase every 'new story,' but see through the structure of their repetition.
⚠ To sum it up in one sentence:
BLUM airdrop is not a reward but a warning.
True Web3 should not rely on harvesting for support.
#BLUM #Web3 scams #airdrop #leek research institute #CryptoReality #satirical commentary #on-chain Waterloo