BudBlockz, the new crypto in town, aims to be the first to operate a decentralized cannabis ecommerce platform. The goal is to revolutionize the cannabis industry through blockchain technology. It unites two popular products that have yet to become mainstream: cannabis and cryptocurrency.
What Is BudBlockz?
BudBlockz is a new cryptocurrency and is the first to offer decentralized online ecommerce access for cannabis enthusiasts. With it, the public can securely tap cannabis markets around the globe—at least in regions where cannabis is legal.
BudBlockz operates with its own currency known as $BLUNT. While the crypto has yet to go live, it’s already proven successful, as evidenced by its private pre-selling event, where some 26,880,000 $BLUNT tokens were sold.
A total of 134,400,000 tokens are up for grabs during the pre-selling events, which will end on December 4. So far, over 50 million tokens have been sold from the private sale and two stages of public sale.
Cannabis enthusiasts can purchase cannabis products through BudBlockz-recognized dispensaries around the globe and BudBlockz online stores using $BLUNT as currency. The exchange gives investors and buyers peace of mind knowing they can transact through a private, safe, and secure channel that relies on blockchain technology.
BudBlockz Ecommerce – What Is In It?
Advertisement
Cannabis entrepreneurs will have global access to the BudBlockz online ecommerce store as long as they are from cannabis-friendly territories. Using blockchain technology, innovative and promising new coins can make the cannabis market more mainstream.
The cannabis industry is growing rapidly. According to a report from Investopedia, it is expected to be worth $33.6 billion by 2025. The market potential could be bigger if it weren’t for the fact that most countries still consider the product illegal. Even in the United States, where laws are more progressive, cannabis still can’t be legally distributed in all of its 50 states, although the majority of them recognize the benefits of medical marijuana.
Cannabis enthusiasts who live in areas where marijuana is illegal can still participate through the BudBlockz platform. They can own non-fungible tokens (NFTs), which serve as collectibles but will also benefit owners. One such advantage is fractional ownership in cannabis farms within the platform.
The release of the Ganja Gurus NFT Collection will indicate the culmination of the BudBlockz roadmap, which is divided into eight phases. It is currently in the second phase, which is the release of the BudBlockz whitepaper and the pre-selling stage. The website launch represents the first phase.
Other phases include the token generation event, global marketing campaign, official Uniswap launch, burning event, and staking.
Bright Future Ahead for BudBlockz, Marijuana
Advertisement
The introduction of BudBlockz comes at an opportune time when the public is excited about the marijuana industry’s future. Nation by nation, more and more people are beginning to see its benefits rather than its dangers, and BudBlockz’s decentralized platform is capable of monetizing its potential on a global scale.
BudBlockz offers an untapped marketplace that is poised to bring the cannabis industry into the crypto world. It’s also worth noting that cannabis and cryptocurrency are continuously growing. Both have yet to reach their peaks, leaving a lot of growth potential and giving investors several reasons to be excited.