$BLUNT is the native coin of the BudBlockz blockchain. The coin is an ERC-20 token created on the Ethereum blockchain to help run the BudBlockz ecosystem. The coin is designed to drive several vital activities in the BudBlockz network through staking, governance, rewards, and voting.
Let’s look at how $BLUNT, through the BudBlockz network, is changing the cannabis industry.
$BLUNT Will Help Solve Major Issues Facing the Cannabis Industry
The cannabis industry faces a unique set of challenges that are not major issues in other sectors. For instance, cannabis has faced a lot of opposition for many years. It is only recently that states across the United States and Canada have passed laws to allow for the legal use of marijuana for recreational purposes.
Despite the increased legalization of cannabis, the growth of the cannabis industry has not unfolded as fast as expected. Some of the reasons this is the case include,
- a shortage of retail stores,
- the increased price of legal products,
- supply shortages online and physical stores,
- apprehensiveness towards government-regulated products.
BudBlockz’s founder,Luke, had these problems in mind when creating the platform.
BudBlockz Will Launch the First Ever Cannabis-Focused E-Commerce Store
BudBlockz intends to launch an eCommerce cannabis marketplace where all cannabis lovers can meet, interact, and purchase their favorite products. The eCommerce platform will address the problem of a shortage of retail stores that sell cannabis.
Moreover, the platform will provide cannabis enthusiasts with a place to purchase their favorite weed products in a secure way. New cannabis users will find blockchain’s anonymity especially useful as it will allow them to try out different cannabis strains and products without walking into a physical dispensary.
Blunt Will Help Cannabis Lovers Own Income-Generating Investments
BudBlockz will also invest in cannabis farms, cafes, and dispensaries. The platform intends to have these businesses located in as many weed-friendly jurisdictions as possible. For starters, the platform’s founders will launch farms and dispensaries in California, Belgium, Amsterdam, Spain, the Czech Republic, and Portugal, just to mention a few.
Blunt holders who purchase BudBlockz NFTs will receive special discounts on cannabis products from the BudBlockz eCommerce stores. NFT holders will also own a percentage of BudBlockz investments such as farms, dispensaries, and cafes.
BudBlockz Will Help Cannabis Entrepreneurs Raise Capital
BudBlockz also plans on helping those who wish to launch cannabis businesses. Entrepreneurs in the cannabis sector face a significant challenge while trying to raise funds for their ventures. They are required to have between $250,000 to $500,000 in liquid cash before obtaining a license, yet they aren’t allowed to access traditional finance through banks. BudBlockz is developing DeFi products to help $BLUNT holders to access cryptocurrency lending.
DeFi will help cannabis entrepreneurs borrow and lend capital in a way they weren’t able to before the creation of BudBlockz. The decentralized nature of DeFi allows for faster loan speeds, consistency, and transparency.
Final Word
Although $BLUNT is yet to launch officially (the official launch is set for December 4, 2022), the coin has received massive attention from its private sale and throughout its presale. It’s easy to see why. BudBlockz, the project behind $BLUNT, is a one-of-a-kind project that will revolutionize the cannabis industry. The points we’ve discussed above are just a few examples of how the platform will disrupt the cannabis sector positively.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
