BingX Pre-Market Trading is launching Blum (BLUM), a Toncoin-based dex. Participate in over-the-counter (OTC) BLUM trading before its official listing. 

 

Click the link below to register your account to participate in pre-market trading!
Participate in Blum pre-market trading!

 

Project Introduction

Blum is a hybrid exchange that offers universal token access through gamification in a Telegram mini app. Blum enables access to both CEX and DEX tokens on a single platform and supports over 30 networks. It also provides additional features such as AI navigation, P2P trading, derivatives trading, and more.

BingX has initially set the total supply of BLUM tokens at 10 billion. Once the BLUM project announces the tokenomics, BingX will scale up or down the price and amount of your orders based on the actual total supply proportionately. The order value will remain the same.

Website: https://www.blum.io/

X: https://x.com/Blumcrypto

 

Basic Information

Launch Time: 2024-07-30 08:00 (UTC)

End Time: TBD

Delivery Time: TBD

BLUM Spot Listing Time: TBD

Note: BingX will notify you once the above TBD information is confirmed.

 

How to Use BingX Pre-Market Trading?

There are 3 main stages in BingX Pre-Market Trading: project selection, order creation and order delivery.

Project Selection

  1. First, log in to your BingX account and ensure you've completed advanced KYC verification. Users in restricted regions won’t be able to join Pre-Market Trading.

  2. Visit the Pre-Market Trading homepage, select a project that's currently in the trading phase and click "Trade" to view detailed information about the project. You can also see the list of orders created by buyers and sellers.

Order Creation

  1. On the Pre-Market Trading project details page, you can trade as a Maker or a Taker.

  • As a Maker:

    • Click "Create Order" and select "Buy" or "Sell".

    • Enter the price and amount in the pop-up window. Review the order details and amounts, and then click the bottom button to confirm.

  • As a Taker:

    • Browse the list of orders under "Buy" or "Sell".

    • Select an order that matches your criteria, then click "Buy" or "Sell" to execute the order.

    • Please note that the order you select must be fully filled; partial fills are not allowed.

  1. Explanation of Order Fund Freezing:

    1. To ensure successful delivery of each order, buyers will have their order value and trading fees frozen, while sellers will have the collateral value and trading fees frozen.

Order Delivery

  1. If you are a buyer and your order is matched, token delivery will happen either at the designated delivery time or earlier if the seller opts to deliver in advance.

  2. If you are a seller, please ensure to deposit the token amount to be sold into your BingX Fund Account before the designated delivery time to complete your order successfully.

  3. You can complete the delivery in advance before the designated delivery time by clicking "My Orders" - "Deliver".

    1. Note: Make sure to verify the deposit network and address to prevent asset loss.

 

Join pre-market trading now.

 

Notes:

  1. Preset of Project's Total Supply: Since the BLUM project team hasn't announced the tokenomics yet, the total supply of BLUM tokens remains unknown. Hence, BingX has initially set the total supply of BLUM tokens at 10 billion.

  1. Actual Token Circulating Supply Scaling: Once the BLUM project announces the tokenomics, BingX will scale up or down the price and amount of your orders based on the actual total supply proportionately. The order value will remain the same.

  1. For example: User A purchases 2,000 BLUM at a price of 0.2 USDT, with a total order value of 400 USDT.

    • If the actual total supply is 2.5 billion BLUM, the token price in the order will be 0.8 USDT and the token amount will be scaled down to 500 BLUM.
    • If the actual total supply is 5 billion BLUM, the token price in the order will be 0.4 USDT and the token amount will be scaled down to 1,000 BLUM.
    • If the actual total supply is 10 billion BLUM, the token price and amount in the order will remain unchanged at 0.2 USDT and 2,000 BLUM.
  1. If BLUM cannot be listed in Spot Trading due to force majeure, BingX will release all pre-market trading orders for BLUM and unlock the collateral for both parties at the time of order creation.

  2. During the pre-market trading period, orders that have been delivered early cannot be revoked or rolled back. You can opt to withdraw these delivered tokens.

 

See Also:

BingX Pre-Market Trading Introduction & FAQ

 

Terms & Conditions:

  1. Participants are required to complete advanced KYC verification to eligible for the event.

  2. All non-individual accounts, such as market makers and brokers, cannot participate in Pre-Market Trading.

  3. Any users involved in illegal or malicious activities, such as fraud, participating with multiple accounts, reward farming, will be disqualified and have their rewards revoked.

  4. BingX reserves the right to the final interpretations of this event, including any modifications, updates to terms, or cancellations.

  5. BingX will assist users in handling issues related to Pre-Market Trading. For any questions, please reach out to our online support for assistance.

  6. The project information, launch plan, and more are provided by the project team. The platform will notify any changes made during the event in a separate announcement.

 

Risk Warning:

Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.

 

BingX Operation Team
2024-07-30
BingX Official Channels
BingX Web: https://bingx.com
BingX Blog: https://blog.bingx.com

Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
For more information, please refer to our Terms of Use and Risk Warning.