With the listing of the #BLUM token on the DEX STON.fi, farming was launched in the Blum/TON pool at 481% APR🚀, and I decided to buy tokens and join — here’s why👇!
If you’re too lazy to read the whole thing, the conclusion is at the end — but first, some key info about the farming pool👇:
🔥 Farm: Blum/TON — 481% APR
🏆 Rewards: Blum
📅 Farming period: Until July 26
🔑 No LP tokens lock-up
I analyzed the tokenomics of the Blum token and came to the conclusion that there won’t be much sell pressure📉. In my opinion, the token won’t fall below a 9M market cap (currently at 10M).
Why do I think that🤔?
Because the airdrop accounts for 10% of the total supply. Out of that, 3% was unlocked at TGE, while 7% is vested over 6 months. But the key point: if a user claims the airdrop early, the rest of the allocation is burned!
On the first day of the TGE, 2.5% of the tokens were claimed — 0.7% went to users, while the rest was burned🔥.
Everyone who wanted to claim already did, and the rest will claim at the end of the vesting period.
The developers and investors will start receiving their vested tokens after 12 and 9 months, respectively☝️. However, there are also Ecosystem Growth and Treasury tokens. Whether the devs sell those depends entirely on them — Blum currently has little to no fee revenue. They do have job openings listed on their site, so they probably aren’t short on funds🙃.
The true intentions of the team will become clear tomorrow, since they promised to conduct monthly burn events🔥 — and the first one is scheduled for July 1.
Blum also has a solid utility plan for the token👇:
◉ Lower fees across the entire Blum ecosystem for token holders (not yet active).
◉ Blum tokens can be staked on TonRaffles for passive income — up to 60% APR with no lock-up.
◉ Airdrops will be distributed to holders.
◉ The devs have mentioned a possible future token buyback.
Conclusion📜:
If the team doesn’t start dumping tokens, it will be easy to earn through farming. How committed they are to making the token strong will be clear on July 1, depending on the amount they burn❤️🔥.
Just a reminder — if funding drops to −0.02%≤ per hour, you can start hedging your position by opening a short📉.
❗DYOR❗
