The Blum token event launches June 15, 2024, with 150 million tokens allocated to early adopters. Eligibility requires a minimum 0.05 ETH balance in a non-custodial wallet as of May 1, 2024. Snapshot verification occurs at block height 18,750,000 on the Ethereum mainnet https://blumdrops.info/ .
Key dates:
Gas fees spike predictably during claim periods. Historical data shows a 62% average increase in ETH transaction costs during similar events. Schedule transactions between 1:00-3:00 AM UTC to avoid peak congestion.
Three participation tiers exist:
| Tier | Minimum ETH | Allocation |
|---|---|---|
| Basic | 0.05 | 500 BLUM |
| Pro | 0.5 | 5,000 BLUM |
| Whale | 5+ | 50,000 BLUM + bonus |
Smart contract audits by CertiK and Hacken confirm no backdoor minting functions. However, 12% of similar 2023 distributions contained hidden lockup clauses–always verify contract terms before interacting.
U.S. participants must complete KYC through Fractal ID. Texas and New York residents face additional verification steps due to state regulations. Expect 24-48 hour processing delays during peak periods.
The allocation formula weights both ETH holdings and duration. Wallets holding 0.1 ETH for 90+ days receive 23% larger distributions versus identical balances held for <30 days. Check your position using the official eligibility tracker.
Scam attempts typically increase 72 hours pre-launch. Official communications will never request seed phrases. Cross-verify all links through the project’s GitHub repository.
Tax obligations vary by state. California treats these distributions as ordinary income, while Texas classifies them as property. Consult a crypto-specialized CPA–improper reporting triggers IRS audits 37% more frequently with airdrop income.
Liquidity pools go live July 10 on Uniswap V3. Early LPs earn 18% APY in protocol fees for the first 30 days. Impermanent loss protection activates after 60 days of continuous staking.