Following the year-long sell-off in the cryptocurrency sector, projects with proven utility and use cases are the only ones likely to bounce back in 2023. The focus in the once burgeoning crypto sector is fast turning to projects focused on addressing real-world issues as established projects like Solana capitulate amid waning sentiments and stiff competition.
Solana Woes Persist
Solana has been under pressure for the better half of the year, shedding more than 80% of market value. The coin faces an uncertain future amid the broader sector sell-off and the fact that it faces stiff competition from established and emerging projects.
Once dubbed the “Ethereum Killer,” Solana has positioned itself as a project for developing decentralized applications and DeFi platforms. Additionally, it has set out to enable super-fast and low-cost transactions on the blockchain.
Even as Solana claims to have superior throughput with fast transaction speeds, it faces stiff competition from Ethereum, Cardano and Ripple. For instance, Ripple has already made its way into the mainstream financial sector, where its blockchain is being used to enable transactions.
BudBlockz Cannabis Opportunity
In contrast, BudBlockz is a new project with tremendous potential as it continues to enjoy a fast-mover advantage in the multi-billion-dollar cannabis sector. The project is very close to ranking among the ten best utility tokens in its push to transform operations in the cannabis industry.
BudBlockz has leveraged blockchain technology to create a decentralized platform that will enhance how people buy and sell cannabis products. It also plans to leverage non-fungible token (NFT) technology to disrupt the cannabis industry and provide unique investment opportunities.
BLUNT Token
The crypto cannabis project depends on BLUNT, its native token, to make it easy for people to buy and sell high-quality cannabis products on the e-commerce platform. The deflationary token acts as a medium of exchange while also doubling up as a governance token.
In addition, BLUNT token holders have the opportunity to purchase BudBlockz premium NFT collection Ganja Guruz. The NFT collection will grant holders various opportunities and benefits, including fractional ownership of cannabis dispensaries and farms. Additionally, holders will enjoy membership access to BudBlockz cannabis farms and dispensaries worldwide.
BudBlockz is also poised to rival Solana in Decentralized Finance (DeFi), having unveiled BudSwap, a new DeFi platform. The platform will provide holders with staking capabilities allowing them to stake BLUNT tokens to generate passive income by locking their tokens to enhance liquidity.
BudSwap will also enable the peer-to-peer exchange of various cryptocurrencies while making it easy for people to borrow and lend multiple cryptos. In addition, BudBlockz is venturing into play to earn with BudBlockz Arcade. The platform will provide players with an opportunity to battle each other while playing various retro games and the chance to win BLUNT tokens.
Bottom Line
The focus is the cryptocurrency sector is slowly shifting from established projects that remain under pressure amid stiff competition. BudBlockz is one project that continues to elicit strong interest from investors as it moves to transform transactions in the cannabis sector while pursuing opportunities on DeFi and NFTs.
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
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