Crypto Telegram Mini-App Blum’s ‘Memepad’ for Token Creation Launches in Beta

Telegram mini-app Blum announced that its new feature, the “Blum Memepad,” is now live for beta testing with the selected 350,000 users.  [Check out the Blum app here.]

What’s the significance: A token launchpad gives opportunities for Blum drop players and DEX traders to create their own token, which could potentially be the next top meme coin in crypto market.

Key Details:

The Blum Memepad is a token launchpad for users and communities to create their meme coins in just 30 seconds. 

• Originally, the launch of the Memepad, according to its roadmap, is scheduled last August, but the beta launch was announced on November 12, 2024. 
• Memepad Goal: The launchpad is designed to simplify and streamline the process, making token creation accessible to users of all experience levels.
• Community-Centric: According to the team, they are confident that Memepad will attract innovation for the community in exploring new opportunities within the Blum ecosystem.
• Who Can Launch Their Own Token? Every user can launch their own meme coin or regular altcoin on the Memepad, whether a creator, degen, influencer, a passionate meme lover, or even celebrities.
  • The Role of Tribes: Each Tribe on the drop game will also have the chance to launch their own community tokens. 
• How It Works: According to Blum, once a token collects 1500 $TON, it migrates to a decentralized exchange and a liquidity pool with 20% of initial token supply will be created.
• Wallet Integration: TON-based wallets, like TONKeeper and Telegram Wallet, are also automatically integrated, allowing users to buy, sell, and trade tokens.
• Future Plans: The tokens that will be created through the launchpad are automatically tradeable into $TON.
  • However, Blum Co-Founder Vladimir Smerkis hinted that they are now working on making these tokens swappable to other tokens from other networks soon. 

“With memecoins growing in popularity, as highlighted by a recent report from The Block on Pumpfun’s $30.5 million monthly revenue milestone, Memepad is well-positioned to meet the rising demand for digital asset creation. The platform combines accessibility with scalability, making it an ideal entry point for users new to blockchain.”

Blum

How to Create Token on Memepad: 

• Step 1: Connect a TON-based wallet. 
• Step 2: Go to the Memepad page within the mini-app. 

• Step 3: Choose the “Launch token” button.
• Step 4: Create the token’s icon, name, ticker, and description.
• Step 5: Add a banner and put the social media profiles of the token. 
• Step 6: Indicate the token share allocated to the token creator. 
• Step 7: choose the “Launch” button.
• Step 8: Approve the transaction in the connected wallet and wait for confirmation.

The numbers:

As of November 18, 2024

• 37.56 million monthly active users. 
• 85 million total players. 
• 35 million players have already connected their web3 wallets. 
• 33.11 million total Telegram subscribers. 
• 268,000 total Telegram community members. 

Key Quote: 

“Blum Memepad is our inaugural trading product, setting the foundation for a full trading ecosystem. With over 35 million active wallets and now the most visited mini-app on Telegram, Blum Memepad lets us explore our audience’s interest in trading while providing users with real opportunities to earn crypto.”

Gleb Kostarev, Chief Executive Officer, Blum

What to Watch?

The Blum team expressed that the Memepad will soon be available to its users slowly. 

What’s next:

In a blog post, Blum hinted that they are preparing to launch a “comprehensive Blum product” by the end of 2024. 

• This product seems to be a “Hybrid Exchange,” where swaps, wallets, and perpetual trading are offered. 

The Blum team on what is next for Blum and its users and airdrop farmers:

“Each of these milestones is designed not just to enhance the platform but also to foster a robust, engaging community. We’re committed to delivering a secure, versatile, and user-friendly environment, evolving based on user feedback and strategic innovation.”

Worth reading: BitPinas has created a guide on how to farm Blum points on the Blum drop game on Telegram. 

Consequently, Blum also introduced Tribes recently, a fun way to farm more points together with friends.

This article is published on BitPinas: Crypto Telegram Mini-App Blum’s ‘Memepad’ for Token Creation Launches in Beta

What else is happening in Crypto Philippines and beyond?