Blum Co-Founder Vladimir Smerkis: From Rise to Arrest

1. Introduction:

Vladimir Smerkis is the co-founder of Blum and former head of Binance CIS. He was a well-known leader in crypto innovation.

2. About Blum:

Blum launched a “tap-to-earn” crypto model, letting users earn tokens by tapping their phones daily. It aimed to make crypto easy and accessible for everyone.

3. Future Projects:

The team planned to add NFTs, DeFi features, and expand globally, building a full crypto ecosystem.

4. Market Impact:

Blum quickly gained popularity, especially in emerging markets, for its unique earning model and viral campaigns.

5. Ambition:

Vladimir’s vision was to bring blockchain to everyday users, making crypto profitable and accessible beyond investors.

6. Comments from Big Names:

Crypto influencers like RK Gupta praised Blum’s innovation but also raised questions about its sustainability and transparency.

7. Public Perception:

Initially, the community loved Blum’s concept, but later, concerns about transparency and leadership grew.

8. Mistakes Made:

Communication gaps and unclear tokenomics damaged user trust and created confusion.

9. Polls & Feedback:

Crypto polls showed declining trust, with many users worried about the project’s future.

10. Arrest:

Recently, Vladimir Smerkis was arrested in Russia on fraud charges. Blum confirmed he is no longer part of the project.

11. Conclusion:

Blum’s journey shows that innovation alone isn’t enough—trust and transparency matter most. Investors should stay cautious and reevaluate their involvement.