Cryptocurrencies have been slowly aiming to ditch the power-hungry Proof-of-Work (PoW) consensus mechanism and have gone to an alternative model that can fight climate change. Many networks have switched to Proof-of-Stake (PoS), which is much more eco-friendly. However, dedicated projects also push this concept to the next level. Today, we will go over two of them, IMPT and BudBlockz (BLUNT).
IMPT and its Outlook on a Greener Future
IMPT is a new and ambitious project that aims to lower carbon output through carbon credits. It features a social platform that encourages anyone to minimize their carbon footprint, which is powered by blockchain technology.
The platform utilizes blockchain technology as a means of providing verifiable carbon credits. Due to this, the possibility of a scam is reduced, as all the data gets recorded on top of its public ledger. Over 10,000 brands spread out globally have already joined hands with this project.
Using the official shopping application, it works by having each user purchase products from environmentally-friendly brands. In doing so, they earn IMPT tokens as a reward. It can also work for offline purchases. Once a user gets a specific number of IMPT tokens, they can use them to mint a carbon credit. It comes in the form of a non-fungible token (NFT) and can be bought, sold, or retired on IMPT. Users can even track the impact of the IMPT social platform and choose projects that follow the Global Certification protocol.
This way, environmentally-conscious brands are rewarded, and users are rewarded with the ability to mint NFTs.
BudBlockz (BLUNT) and Its Future Goal
BudBlockz (BLUNT) is also an e-commerce platform that aims to empower a community that is enthusiastic about the cannabis industry and help it navigate through it.
Users can enhance their knowledge surrounding legislation and jurisdiction or any other information and get access to fractional ownership within different cannabis products or corporations.
However, BudBlockz also establishes an open, fairly-traded environment that anyone can join, powered by the $BLUNT coin. $BLUNT is the medium of exchange used across the project and its governance token. With it, users can access farms, dispensaries, and CBD manufacturers.
The platform is also advancing an NFT marketplace that promotes permissionless participation, transparency, and security. It is even minting its line of NFT known as Ganja Guruz. All of this is powered by blockchain technology that can facilitate peer-to-peer (P2P) purchases, enhancing users’ overall level of privacy and anonymity.
Regarding the environmental impact, BudBlockz is built on top of the Ethereum (ETH) blockchain, which now uses a Proof-of-Stake (PoS) consensus mechanism, drastically reducing environmental impact. Within the next decade, cannabis products will have a global market cap of over 176.5 billion USD. Through BudBlockz and the $BLUNT cryptocurrency, enthusiasts can now tap into that sphere of investments.
Learn more about BudBlockz (BLUNT) below:
Official Website: https://budblockz.io/
All BudBlockz Links: https://linktr.ee/budblockz
Presale Registration: https://app.budblockz.io/sign-up
Discord Server: https://discord.gg/s7hBFgvTmN
Telegram Group: https://t.me/BudBlockz