2022 has been a disappointing year for crypto investors. However, a few crypto projects have shown robust growth in the last couple of months, proving that there are still dependable and worthwhile investments in the crypto sphere. BudBlockz is one such project.
What is BudBlockz?
BudBlockz is a blockchain project focused on creating a community that will improve the cannabis industry. The platform will benefit all stakeholders in the cannabis industry, including users, cafes, businesses, farms, and dispensaries.
BudBlockz will facilitate secure, private, and decentralized trading of physical and virtual cannabis products. The $BLUNT token will serve as the medium of exchange for the BudBlockz ecosystem. The use of $BLUNT will ensure transactions can be conducted globally and in a secure manner.
Why are investors so excited about BudBlockz?
BudBlockz is more than just a blockchain project.
The platform aims at bringing together a community of global cannabis enthusiasts in a place where they can meet and trade their favorite products with ease and privacy. To achieve this, BudBlockz intends to partner with cannabis farms, businesses, and dispensaries in states where cannabis is legalized.
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BudBlockz token holders will benefit from discounts, promotions, and automatic membership of the BudBlockz lounge, where they will get access to the hottest news in the cannabis industry, from the latest legislation to investment opportunities.
Moreover, investors who purchase BudBlockz NFTS will gain percentage ownership of cannabis farms and dispensaries. This will strengthen the sense of community among investors and also further expose them to the industry and help them better speculate and profit from the growth of the cannabis sector.
In addition to the benefits directly offered by investing in BudBlockz, investors are also hopeful that the $Blunt token will skyrocket soon because the cannabis industry is forecasted to hit more than $175 billion by the end of the decade.
BudBlockz has been one of the most anticipated coins
If the events in the last few weeks are anything to go by, investors have been eagerly awaiting the launch of the BudBlockz project. When the private sale was announced, all the allocated tokens sold out way before the allocated time was over. The project had to open its pre-sale before schedule to cater for the overwhelming demand.
So far, the pre-sale has raised more than $1 million, and more are still being raised. Early investors who purchased during the private sale are already making a killing from their investments as the coin has already grown more than 70% in value.
BudBlockz is overtaking Polygon and Cosmos
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Even though BudBlockz is yet to launch officially, its early success in the private sale and presale has caused speculation that $BLUNT is well on its way to the top of the cryptocurrency charts.
In contrast, Cosmos hasn’t done much in the recent past, despite the bump it received following LUNA’s collapse. Cosmos’s native coin, ATOM, currently sits at around $12.50. Polygon has also been struggling since the start of 2022. MATIC, Polygon’s native cryptocurrency has lost 70% of its value from its all-time high in 2021. Although the coin did start to amass some gains in July after Robinhood announced a partnership with Polygon, BLUNT might still be giving the project a run for its money in the near future.
