For a long time, crypto investors have had their eyes on established tokens, but lately, many are turning their focus to undervalued tokens with a promising future. Of course, the frigid winter market has played a hand in the change in investment strategy. Around this time last year, the cryptocurrency market was soaring, and investors were in Lalaland as established tokens looked unstoppable.
However, a series of mishaps like the collapse of FTX have since dogged the once overpowering crypto market. FTX was the third-largest cryptocurrency before it went belly up. And its fall has been an eye-opener for many crypto investors to diversify their portfolios, ultimately opening the door for new projects such as BudBlockz.
However, BudBlockz isn’t sloppy seconds for crypto investors. The project has several intrinsic plays that no other crypto has thought of. Here are three reasons why investors are putting their weight behind BudBlockz.
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A bridge between crypto and the growing cannabis industry
The cannabis sector is one of the fastest-growing and is expected to surpass the $200 billion market in the next ten years. Policymakers in several countries are now giving the cannabis sector a second look, particularly at its medicinal and recreational perks. Many countries find the industry a raw market with so much to offer the economy, which is why BudBlockz is attracting investor interest.
BudBlockz is essentially a bridge between the crypto industry and the growing cannabis industry. The project brings e-commerce cannabis businesses, dispensaries and farms closer to cannabis enthusiasts through its platform. The peer-2-peer marketplace enables its users to safely and privately transact without fear of societal scrutiny. Using BudBlockz’s native token, $BLUNT, users can buy cannabis products from e-commerce businesses in legally approved zones.
Non-Fungible Token use case
BudBlockz also has an active presence in the NFT space and its collection, Ganja Guruz, offers a stimulating blend of digital works built on the ERC-721 protocol with myriad benefits. BudBlockz launched its 10,000 NFT collection on OpenSea and Rarible. The collection has a retro video game theme, and each NFT has functionality.
NFT owners can also acquire a stake in the cannabis farms, dispensaries and companies enlisted on the BudBlockz platform. And they can do this by filling out a KYC (Know Your Customer) process. In addition, BudBlockz users can enjoy mouthwatering discounts from cannabis e-commerce businesses listed on the platform.
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Value of $BLUNT
With a clear path to the growing cannabis sector, many believe BudBlockz is set for a bullish run in 2023, and they are putting their weight behind its undervalued $BLUNT. BudBlockz has done a great job keeping its token on a healthy price rise.
BudBlockz runs a tight ship by regularly keeping a fixed number of tokens. The continual burning of tokens has kept a limited supply of $BLUNT, so the company plans to be deflationary. Therefore, it is no surprise that crypto whales are increasingly interested in BudBlockz. Furthermore, the limited supply of tokens makes BudVlockz a lucrative investment worth exploring in 2023.
Conclusion
Following the events of 2022, investors have had to redefine their investment strategies, and promising projects such as BudBlockz have become great avenues for many. BudBlockz’s excellent position in the growing cannabis market and its deflationary token are all strong reasons why it has piqued the interest of many investors.
Use promo code: BUYBLUNT for a 20% bonus on your purchase. Valid until January 31st.
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
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
