Cryptocurrencies have emerged as a dependable investment option in the face of volatile market conditions and rising inflation in the post-pandemic economy. If you are still learning the ropes of cryptocurrency investment and can’t decide which names to back, you can always start with research. Just select some leading names like BudBlockz (BLUNT) and Zilliqa (ZIL), compare them, and then decide. Many crypto analysts have confirmed that BudBlockz is a better investment than Zilliqa, and here’s why.
BudBlockz: Tapping into the Potential of the Cannabis Industry
BudBlockz is an Ethereum-compatible network that provides secure access to the international cannabis market for corporations and individual entrepreneurs. It is compatible with several Ethereum-friendly digital wallets and blockchain networks.
The platform also has a native token called $BLUNT, which is built on the ERC-20 standard and is the primary cryptocurrency on the network. The token can be used for various transactional purposes like staking, liquidity pool provisioning, voting rights, and signing up for petitions. The $BLUNT token has a total supply of 420,000,000 units and is currently available on presale. Apart from this, you must visit our in-depth page about best crypto presales to invest in so that you can upgrade your crypto portfolio by investing in your preferable coins.
Since the token is built on a deflationary model, the BudBlockz team conducts regular ‘How High’ token burn events wherein these tokens are burned to keep their supply scarce. With a limited supply, keeping the token value stable becomes easier.
Its plans for the future include setting up cannabis farms and dispensaries at multiple locations worldwide to promote the adoption of cannabis products, research and development, and market linkages. The platform has rolled out an exclusive NFT series called the Ganja Guruz collection based on the ERC-721 standard of the Ethereum network.
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The NFT series is inspired by the video games that ruled the 1990s. The Ganja Guruz NFT series contains 10,000 units. Over time, the BudBlockz platform will help cannabis firms and entrepreneurs boost their growth by finding solutions for common problems like seed-to-sale tracking, logistical issues, problems in fundraising, and data management.
Of the two cryptocurrencies, BudBlockz is the one that is expected to grow more if according to cryptocurrency analysts. These analysts believe BudBlockz is set to outperform leading cryptocurrencies as it gives its users multiple opportunities to earn passive income. The model gives users the right incentive to hold for the long term and grow along with the BudBlockz network.
Why Zilliqa is More Cost-Effective Than Ethereum?
Zilliqa is a low-cost alternative to building dApps that are both scalable and environment-friendly. The Zilliqa blockchain powers the network. Its native token is called ZIL, and it is the primary cryptocurrency of the network. Token holders can use ZIL for staking and earning rewards for participation and payments. The ZIL token also enables users to access dApps and pay for services built on the blockchain.
Moreover, users can create, mint NFTs and sell these assets at attractive prices. The platform will charge a small traction fee in exchange for its services. The proceeds are used for future mining rewards, keeping the network secured and turning the ZIL token into a deflationary asset. A regular transaction on the Zilliqa blockchain costs 0.1 ZIL Token.
For its governance structure, Zilliqa leverages a community-driven approach and has a separate token called Governance ZIL (gZIL). With gZIL, long-term token holders can exercise their voting rights and contribute toward the platform’s growth. They can present their views via these voting rights and propose changes in Zilliqa’s governance structure.
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If you compare Zilliqa with a leading blockchain network like Ethereum, you will find that the former is way more cost-effective. The ZIL Token is almost 50 times cheaper than other similar cryptocurrencies, which makes it more resource-efficient. Plus, the time to the finality of the ZIL token is also lower than other coins, thereby making the Zilliqa network faster. One can also bridge the ERC-20 standard to ZRC-20. For an NFT transfer, the fee charged by the platform is 81.5 times cheaper than the ETH Token.
