During a crypto project’s early days, plenty of factors may influence its growth. In the case of projects like Polygon (MATIC), factors like surging transaction loads on the Ethereum blockchain encouraged growth as people sought scalability for their apps.
But what about budding projects like BudBlockz? Are there any contextual similarities that could see BudBlockz’s BLUNT token grow as fast as Polygon in 2023? Let’s discuss the possible trajectory for BLUNT:
Accessibility
One of the major growth drivers for any token is the ability to buy it on a CEX or DEX. If a token is listed on a popular token exchange platform it gains exposure and people with money can easily get their hands on it. That said, BudBlockz will soon launch BLUNT on Uniswap, the most used decentralized exchange globally, bringing massive liquidity and spurring growth.
BudBlockz also has an adequate amount of tokens in a liquidity wallet, just in case there’s another imminent exchange listing. The quicker the token can go from a thinly-traded one to having more trading volume, the broader the audience segment that will find it attractive.
Scarcity
While people need to be able to buy a project’s tokens, there should be a limit to how many tokens can be instantly dumped in a single move or a few quick consecutive trades. In that regard, BudBlockz has a prolonged lock-up period for tokens allocated to the team, partners and advisors.
This encourages commitment to the long-term development of functionality within the ecosystem, thereby increasing the percentage of token purchases fuelled by acknowledged intrinsic value instead of pure speculation.
Diverse income generators
The marijuana trade alone offers excellent utility for the BLUNT token as a medium of exchange, especially since there are already several weed-friendly regions across the U.S. and Europe. As more customers in the Cannabis industry start using the token, the price can rise in response to demand. And considering the occasional discounts and promotions associated with using the BLUNT token to purchase Cannabis products, this token could be very sought-after in 2023.
In addition to facilitating the Cannabis trade, the BudBlockz ecosystem also intersects with NFTs and play-to-earn gaming. These additional activities encourage BLUNT token holders to stake their tokens and earn rewards, which also contributes to scarcity. And as this activity mushrooms, more people want to buy the tokens and stake them, increasing demand and boosting growth.
The BLUNT token is also a gateway into fractional ownership of BudBlockz farms, dispensaries and other products. This gives it an additional layer of profitability outside of on-chain activity. It is an attractive quality for traditional investors conversant with how real-world ventures like farms and retail outlets work.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
Use the promo code “CYBERWEEK” to receive a 20% bonus on your $BLUNT purchase before 5 December 2022.
