According to a 2022 survey, around 80% of people surveyed said they plan to expand their crypto holdings. Apart from their rallying prices, cryptocurrencies have been able to woo people worldwide because of their relative immunity against external factors like inflation, market volatility, and political events. If you are a rookie investor unsure how to select dependable cryptocurrencies, an ideal strategy is to start with research. You can select some leading names like BudBlockz (BLUNT) and Monero (XMR), read up on them and compare them, and then make an informed decision.
BudBlockz: Leveraging Blockchain to Catalyze the Global Cannabis Market
BudBlockz is a decentralized e-commerce platform that ensures secure and legal access to the global cannabis market for its users. BudBlockz offers cannabis entrepreneurs and firms the opportunity to grow by leveraging the potential of blockchain technology. Over time, it aims to help these stakeholders ramp up their businesses by tackling challenges like ‘lack of fundraising opportunities, inefficient supply chain execution, seed-to-sale tracking, and data management. It is built on the Ethereum network and is compatible with leading digital wallets. In the long term, it will be setting up cannabis farms and dispensaries to promote the adoption of cannabis products, research, and product development in the sector.
It has deployed a native token called $BLUNT, used for various transactional purposes like staking, liquidity management, signing petitions, and securing voting rights. The supply of the token has been limited to 420,000,000, and the biggest share of the supply has been reserved for presale (25.6%) and followed by liquidity management (25%). As the $BLUNT Token is deflationary, these tokens are burned regularly to keep their supply scarce.
The platform has rolled out an NFT series called the Ganja Guruz collection. Inspired by the video games of the 1990s, the NFT series comprises an eclectic mix of digital artworks and is built on the ERC-721 standard. Plus, NFT owners can also gain a stake in BudBlockz’s cannabis farms and dispensaries simply by filling out a KYC application. The fractional ownership of these facilities works like a regular asset, where NFT buyers earn an annual dividend. Another opportunity to earn passive income is via its BudBlockz Arcade gaming feature, where they can participate in arcade play-to-earn games. If they win, they get $BLUNT Tokens as prizes.
Participate in the BLUNT presale to earn handsome returns in the long term. Many experts believe the $BLUNT token can register huge profits after listing on mainstream exchanges.
Many cryptocurrency analysts have claimed that BudBlockz has higher growth potential, given how its users earn passive income via multiple sources. It could even claim a spot on the list of the top 50 cryptos in 2023.
Monero: Placing a Premium on Data Privacy
Monero is a decentralized cryptocurrency with advanced features that offer enhanced privacy and security. Its native token, XMR, is the primary cryptocurrency on the network. XMR token holders can use it for purposes like staking, liquidity pool acquisition, and payments. What’s more, is that transactions processed on the network cannot be tracked. It contrasts with other leading blockchains, where anyone can verify only transactions. At Monero, every user is anonymous by default. Details like the sender, the receiver, and the amount transacted are kept confidential through a mix of three technologies — RingCT, Ring signatures, and Stealth Addresses. Since its rollout, more than 500 developers have contributed to improving the Monero ecosystem worldwide. The platform encourages new community members to join and contribute to its growth. People are free to join the community via the forums and chat channels.
To start using Monero, one would have to download a wallet that is compatible with the network. Next, they need to buy or acquire the XMR Token. It can be done in multiple ways. For starters, users can mine the tokens or work in exchange for the tokens. Alternatively, users can purchase it on a centralized or decentralized exchange. Plus, developers can take advantage of the numerous resources available on the platform to pick up new skills. Many of these developer guides are even free to use.
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
The post Crypto Experts Say Monero (XMR) Will Drop While BudBlockz (BLUNT) Will Reach Top 50 Cryptos In 2023 appeared first on CryptoMode.