Blum, a Telegram mini app with 42 million monthly users last year, has announced its airdrop criteria and snapshot date after over a year of development. The project shifted from tap-to-earn to trade-to-earn, aiming to become a decentralized exchange (DEX). Despite this, Blum has not seen significant trading activity compared to other DEX platforms. The snapshot is set for June 7 to determine airdrop eligibility based on user balances and activity. However, some users are unhappy with the strict eligibility conditions, citing issues with fairness and requirements. Blum's daily trading volume has also dropped significantly in 2025, affecting its competitiveness in the DEX market. The project's token price has fallen by 90% from its peak, reflecting investor doubts. Despite challenges like the arrest of co-founder Vladimir Smerkis, Blum remains confident in its value proposition and future success. Read more AI-generated news on: https://app.chaingpt.org/news