The cryptocurrency market is still relatively new compared to traditional assets such as stocks. However, the crypto sphere is never short of action. New coins pop up almost every day. Some gain traction and rise the ranks, while others plummet.
BudBlockz (BLUNT) has been gaining value in the past few weeks while other coins, such as Optimism (OP), have plummeted.
What Is BudBlockz?
BudBlockz is an Ethereum-based platform for the cannabis industry. The platform’s mission is to create an open, decentralized, and fairly traded environment where experienced and new cannabis enthusiasts can meet, socialize, and trade their favorite cannabis products.
BudBlockz plans to fulfill its mission by establishing a 24/7 open marketplace within legal jurisdictions. This online eCommerce store will grant access to all vendors and supporters based in cannabis-friendly states and countries.
The BudBlockz eCommerce platform will use the $BLUNT token as the official payment method.
BudBlockz also plans on setting up an NFT marketplace for all cannabis enthusiasts to access BudBlockz collectibles from anywhere in the world. This NFT platform will facilitate fractional ownership of BudBlockz farms and dispensaries.
BudBlockz-owned farms and dispensaries will be distributed all over the globe in countries and states that have legalized the use of cannabis and its products. These businesses will present a great opportunity for $BLUNT token holders to use their tokens as a medium of exchange when purchasing their favorite weed-related products.
BLUNT users who reside in restricted jurisdictions can participate in the BudBlockz ecosystem and the growth of the cannabis industry by purchasing NFT licenses that represent fractional ownership of BudBlockz farms and products. It allows investors to participate in the global cannabis industry without being directly involved with decriminalized products.
In addition to being used as a medium of exchange on the BudBlockz ecosystem, $BLUNT also provides liquidity and entry into the Ethereum ecosystem, where users can use DEX and DeFi products.
With the utility of the $BLUNT token in mind and the strategic positioning of the BudBlockz ecosystem in the Cannabis and cryptocurrency industry, it’s easy to see why the $BLUNT token has been gaining traction lately.
Since the presale launch, investors have shown bullish sentiments toward the $BLUNT token. It has led to massive weekly price increases.
Other coins, such as Optimism (OP), have not been as lucky.
What Is Optimism (OP)?
Optimism is a layer-2 network created to improve scalability on the blockchain. The issue of blockchain scalability has been a big problem ever since gas prices on the Ethereum network started to skyrocket. Although several other platforms have tried to address the issue of scalability on the blockchain, Optimism uses a unique technology known as rollups to solve this issue.
Rollups increase blockchain scalability by moving most transaction data off the layer-1 chain (such as Ethereum). At first, it might seem like rollups move transactions to a less-secure chain. However, a well-built rollup is just as secure as the main chain.
Investors buying into Optimism are doing so mainly to bet on the platform's success; the optimism token doesn't have much utility besides acting as the governance token of the Optimism protocol. As such, the token has been struggling to find investors and has even witnessed a slight decrease in value.
BudBlockz and Optimism are both relatively new to the crypto market. However, BudBlockz has entered the market with a bang. Even though the coin is yet to launch officially, early investors are already reaping profits. Since BudBlockz operates in a rapidly growing industry, there is no doubt that it will quickly become the go-to coin for investors who want long-term gains.
Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz