The Blum Academy has uploaded its latest minicourse on its YouTube channel, and the video talks about token burning. Titled “Token Burning in Crypto: How & Why It Happens”, it acts as a beginner guide for novice web3 users.
As a side activity to the learning process, the viewers can participate in a video code challenge where they have to find a code hidden inside the clip and input it in the app to unlock 250 BP (Blum Points).
What is Blum Academy?
Various mobile-based web3 apps have integrated the YouTube video codes mission into their app, and it has become a good tactic to keep the players engaged. Blum, a mini app that works within Telegram’s web3 ecosystem, is also a part of this strategy. However, what makes Blum unique is that, beyond the quest, it provides informative video sessions that help crypto enthusiasts attain an awareness of the whole environment.
With around 8 million subscribers, the Blum Academy YouTube channel has 150+ videos that guide us to navigate through this vast space of crypto. However, the videos are getting millions of views daily mainly because of the video code quest associated with it.
BLUM Video Codes Quest: How to Participate?
To participate, users should log in to the Blum app and enter the activity page. It will redirect you to the YouTube video, and you have to find a code hidden inside it. If you input the exact code corresponding to the video, 250 BP will be credited to your profile immediately. Here is a detailed guide intended for beginners:
- Open Telegram and launch the Blum mini app through @BlumCryptoBot.
- Tap “Earn”, and you will find the latest video activity under the “New” section. You can also visit the “Academy” section to find previous tasks which are still live.
- You will be redirected to the YouTube video upon tapping the Start button beside the mission.
- Tap “Verify” to submit the code, and if it is correct, a green tab will appear with a “Claim” button.
- Click Claim to grab the 250 BP.
Today’s BLUM Video Code for “Token Burning: How & Why?”
The video delves into token burning and teaches us the basics like how it works and what is its importance. Viewers will get a basic idea of how the burning impacts the supply and demand of a token, and it explains why major blockchains often burn their allocations.
The code hidden inside the video is “ONFIRE”.
How to Earn Additional Blum Points From the App?
- Farming: This is the primary activity of the game where the users mine BP coins. Users can log into the app and click on “Start farming” to initiate the mining process.
- Socials: This section contains social media activities. Users can engage in effortless tasks like following specific accounts and grab a minimum of 60 BP per task.
- Frens: Here you can refer your friends to the platform and receive commissions. An invitation is worth 60 BP and those who refer 100 people will receive 10,000 extra BP.
Final Remarks: How to Withdraw Your Blum Points?
The October roadmap of the Blum app is filled with airdrops and exclusive new features. There are no specific details about the token generation event and the listing date.
Users have to wait probably till November to get the Blum Points to be listed. Before that, users should receive their points in their TON wallet connected to the platform. After the airdrop distribution is over, and the token arrives in exchanges, users can transfer them to cash out or swap.
Beyond the community opinions and the speculation by the players, subscribing to the official X (Twitter) handle and the Telegram channel of Blum is the better way to know the exact listing date. Also, subscribe to our newsletter to receive future codes, listing updates, and the withdrawal guide.
The post Token Burning: How & Why? Blum Video Code For October 8, 2024 appeared first on Kallanish Energy.
This post appeared first on Kallanish Energy News.
