Blum Project Analysis!!!Today, I want to introduce you to another Tap-To-Earn project and see if it is worth your time.
In the previous articles, I explained Notcoin and the Hamster Kombat project. If you have time, take a look at these articles.
The name of this project is Blum .
Please stay with me.
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What is Blum?
The Blum Token is a cryptocurrency associated with the Blum Crypto Project on Telegram . While specific details about the creators and core team might be limited, the project focuses on community engagement, utility, and promoting blockchain adoption. The token serves various purposes within the project’s ecosystem, from facilitating transactions to enabling governance and rewarding community participation
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Now, let's check the Blum project with the help of SWOT ( Strengths-Weaknesses-Opportunities-Threats ).
What is the SWOT !?
SWOT (Strengths-Weaknesses-Opportunities-Threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.
🔸 Strengths : The game's style makes it difficult for the bot to jam every token_The active Telegram community currently has 11 million followers Blum selected by Binance labs team as featured airdrop
🔸 Weaknesses : No whitepaper _ Poor website _ Boring game _ The total number of tokens is not clear - the distribution method may not be fair _ the development team is unclear_The goal of the project is very general_ Low number of followers compared to other competitors on X platform _ Currently, you can become a member by invitation only_ It only has roadmap until the end of 2024_ The game environment is very simple.
🔸 Opportunities : Hard Forks to improve the Blum project_ Willingness of big investors to invest _ Improving the website and white paper_ Improve the game environment
🔸 Threats : High number of miners _ Emergence of Whales _Unspecified fee_ Hackers _ Competitors_Laws and regulations of countries
Can you add other parameters to the options above or not!?
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Conclusion : Due to the fact that there are more Tap-to-Earn games these days, we should be a little careful in choosing the game, because no matter what you like, you will eventually have an income for the time you spend.
According to the description above, if you want to enter the BLUM project, you should only consider it a hobby and not spend a lot of time on it because it has many ambiguities and weaknesses.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
