Amidst the fluctuations, the one thing that makes cryptocurrency markets unique is that there must be something new to discover. Blockchain technology allows inventors to develop their ideas as distributed ledger technology advances and make those ideas a reality. Investors, on the contrary, get to experiment with new products with a variety of use cases and widen their cryptocurrency holdings.
A BudBlockz (BLUNT), a brand-new cryptocurrency network may offer fierce competition to seasoned renowned coins such as Bitcoin (BTC) and Ethereum (ETH)
BudBlockz: Using Cryptocurrencies to Harness the Potential of the Cannabis Industry
For business owners and enterprises operating in the cannabis sector, BudBlockz is an e-commerce platform that is suitable for Ethereum. The platform gives customers safe, authorized access to the global cannabis market, allowing them to investigate e-commerce potential. To hasten the use of cannabis products and to advance the development of new products, research, and access to the market, it wants to open cannabis farms and dispensaries across the globe.
To enable all transactional usage on its network, it has released a native token called $BLUNT that is based on the ERC-20 paradigm. It can be used for a variety of purposes, such as liquidity pool acquisition, purchasing NFTs, taking part in play-to-earn games, marketing, and staking with a supply cap of 420,000,000 units. It can be purchased in advance at very appealing prices.
A deflating cryptocurrency with a fixed supply, the $BLUNT Token burns periodically. Pre-sale has been allocated the largest portion of the tokens (25.6%), accompanied by liquidity management of 18%.
Users of BudBlockz have access to a variety of privileges, including the ability to trade limited-edition NFTs from the “Ganja Guruz” collection, become partial shareholders of cannabis farms and dispensaries, and receive exclusive discount codes for BudBlockz goods. Users only need to purchase an NFT and then complete a KYC application to become fractional owners. Users can anticipate receiving consistent dividends on their shares once they become partial owners.
BudBlockz gives its customers the chance to access a market that has been tightly restricted up until this point.
However, BudBlockz has an advantage over comparable tokens due to its growth potential. The platform provides a variety of sustainable livelihood offers, that also add to its appeal. These include staking $BLUNT Tokens, purchasing NFTs, and actively engaging in play-to-earn games.
Holders of Bitcoin Hurry to Self-Custodial Wallets After FTX Crash
Bitcoin was one of the first blockchain-based assets to be released around the globe, and even now, years later, it still has a devoted following around the world. The network’s main cryptocurrency and the native token is BTC. Because it is quick and flexible, Bitcoin is the perfect digital currency for the common user. Additionally, it is safe since cryptographic signatures are used to safeguard every Bitcoin transaction.
A widely used cryptocurrency that is excellent for businesses is the BTC Token. Recently, it has been discovered that BTC owners are moving their assets to self-custodial wallets more frequently. Shortly after FTX, a prominent cryptocurrency exchange, stated that it will initiate voluntary Chapter 11 bankruptcy proceedings, the action was taken.
Ethereum: Still Running Strong Years After Official release
Virtualization, smart contracts, decentralized applications, and other services are all powered by Ethereum, a blockchain-based platform. It has introduced a native token called ETH, one of the most popular trading cryptocurrencies in the world, to simplify all transactional needs on the network. The dApps developed on Ethereum are unique in that they are accessible, making them transparent and adaptable.
The network recently made headlines for switching from a proof-of-work consensus method to a proof-of-stake consensus mechanism. Its enormous update, known as “The Merge,” allowed it to reduce its energy use by about 99%. The changeover allowed it to significantly lower operational expenses as well, and the update was carried out in September 2022. The platform will soon release comparable improvements.
Ken Emmanuel is a Blockchain Content writer, a Web3 Enthusiast and a Social Media Management Strategist, he likes writing educative contents to help people gain more knowledge and get inspired. The growth of any organization he work with is always his priority. He is a Geographer by profession and loves reading.