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Ethereum Whales Are Paying Close Attention To BudBlockz

Author: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Cryptocurrencies are fast evolving as dependable investment options that can help users earn promising returns. What’s more, these blockchain-based assets offer a certain degree of immunity against market volatility and political factors. Select some leading names like BudBlockz (BLUNT) and Ethereum (ETH), dig up information about them, and then do a comparison. 

    BudBlockz is an Ethereum-compatible network for bridging the gap between entrepreneurs and the global cannabis market. With BudBlockz, users can explore opportunities in the international cannabis industry and grow at scale securely and legally. Over time, it plans to help marijuana firms and enterprises boost their profit margins by tackling challenges like logistical issues, supply chain management, seed-to-sale tracking, data management, and fundraising problems. 

    It has launched a native token called $BLUNT, which facilitates all kinds of platform transactional uses, including staking, liquidity pool acquisition, funding marketing activities, NFT trading, signing petitions, and voting. The supply of these tokens has been fixed at 420,000,000.

    The token is built on Ethereum’s ERC-20 standard and will be available on presale for interested buyers. The $BLUNT token is deflationary, and hence its value is kept stable by burning these tokens from time to time. For this purpose, the BudBlockz team conducts ‘How High’ token burn events and has set aside 2% of the token supply. 

    The platform launched its NFT series called the Ganja Guruz collection, built on the ERC-721 standard. These NFTs draw inspiration from popular video games of the 1990s and have a supply of 10,000. By buying these NFTs, users also stand a chance to become fractional owners of the cannabis farms and dispensaries that BudBlockz plans to set up across the world to promote product development, research, and adoption of cannabis products. NFT buyers would have to fill up a KYC application to become fractional owners. Once the form is submitted, they can look forward to earning an annual dividend on their holdings.

    For many cryptocurrency analysts, BudBlockz has a better capacity to grow over the long term than many other popular options. Offering its users multiple opportunities to earn passive income, BudBlockz enables them to grow along with it. 

    Ethereum is likely to be in Bullish Territory Ahead of the Shanghai Upgrade

    Ethereum is a blockchain network that enables developers to build powerful and highly scalable dApps. Its native token is called ETH and is the primary cryptocurrency of the network and other platforms built on it. The ETH Token can be used for a host of transactional purposes, including staking and liquidity management. The platform recently hit the headlines with its decision to switch to the proof-of-stake consensus algorithm from proof-of-work. The software upgrade was called ‘The Merge,’ and with the software upgrade, Ethereum could cut down more than 90% of its energy consumption, eliminate the role of miners and thereby reduce its energy costs.

    Apart from facilitating digital transactions, Ethereum is an ideal network for launching NFTs. These NFTs allow users to tokenize art and earn royalties whenever the NFT changes hands. Ethereum is also quite popular among the developer community. Developers find it very easy to build open-source and transparent dApps. The platform has been in the news again for another software upgrade, ‘Shanghai,’ likely to start in the third quarter of next year. The Shanghai upgrade will enable stakers to withdraw their tokens seamlessly. The withdrawal process would be so designed that the action doesn’t impact market prices. 

    To mint your own BudBlockz Ganja Guruz NFT visit: https://budblockz.io/nfts

    Once on the page click the “Mint Now” button and connect your ERC20 compatible wallet. You will be able to mint your Ganja Guruz NFT for 0.09 ETH. 

    Purchase or learn more about BudBlockz (BLUNT) at the links below:

    Presale Registration: https://app.budblockz.io/sign-up 
    BudBlockz Community Links :https://linktr.ee/budblockz

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    Coinpedia

    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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