AndEight years ago, PotCoin (POT) teamed up with several other cannabis-oriented cryptocurrencies to help support the burgeoning industry’s difficulty in processing financial transactions. His strategy earned PotCoin international recognition, but his ambitious approach was too, too early for a market that was just starting to take hold. Today BudBlockz (BLUNT) leads a new generation of tokens that seek to directly support the cannabis industry. How is it different from PotCoin? And did you learn from the difficulties encountered by your predecessor?
The answers may lie in the ways each coin has tried to address the cannabis market as it has evolved. PotCoin was directly targeting the restrictions imposed on the marijuana retail industry in Colorado, which at the time was among the few states to have legalized recreational cannabis retailing. Notably, marijuana retailers have been unable to utilize the banking services that retail businesses depend on. By 2015, PotCoin installed its first crypto ATM in a Colorado dispensary.
What seems like a bold and insightful move in retrospect was unsustainable at the time. The cryptocurrency had not yet been widely adopted and the presence of ATMs has not attracted enough interest to turn consumers away from fiat currency. Retailers continued to work in cash and PotCoin’s initial momentum soon waned.
BudBlockz plans to take a slower, broader, and more deliberate approach to supporting cannabis production and retail. Building on the ideas that preceded it, BudBlockz has integrated community development into every step of its roadmap. Basically, that community extends beyond the BudBlockz platform. Using asset-backed NFTs, BLUNT holders will be able to acquire fractional ownership of participating farms, manufacturing facilities and suppliers, making direct and significant contributions to the entire cannabis supply chain.
The BudBlockz app will connect the international cannabis industry, keeping the community informed of updates to legislation and regulations and facilitating the use of BLUNT in member-only dispensaries, cafes and clubs. An ERC-20 token built on the Ethereum network, BLUNT stands as an important medium of exchange for the cannabis community and beyond.
BLUNT’s upcoming presale also underscores this community building spirit. At an initial price of $ 0.0042, the token’s barrier to entry is incredibly low and could remain so for some time, even as early buyers see their investments grow. Less than 33% of BLUNT’s total supply will be made available during presale, after which the coin will be officially launched on Uniswap. At that point, owners will be able to move their holdings to any ERC-20 compatible portfolio.
It’s a more patient approach than the first wave of cannabis-related cryptocurrencies being pursued, but BudBlockz is betting that a maturing marijuana industry will support a mature and prudent business plan. At this early stage, all indications are that his approach supports great things for BudBlockz now and for years to come.
Learn more about BudBlockz (BLUNT)
Official site: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz links: https://linktr.ee/budblockz
To purchase your $ BLUNT tokens
Step 1: Visit BudBlockz Official Website https://budblockz.io
Step 2: Click the “register” button at the top of the page
Step 3: Create a Budblockz account. Make sure you are using a valid email address.
Step 4: From the customer dashboard, click on the “buy $ BLUNT” button.
Step 5: Set the amount you want to buy and the currency you want to order in
Step 6: Make the payment to the wallet address provided
Step 7: get your tokens!