With many cryptocurrencies struggling this year, it can be hard to find positive news. However, well-established Uniswap and popular newcomer BudBlockz are beating the prevailing market trends and gaining momentum.
Uniswap (UNI) is one of the most well-known decentralized exchanges (DEX) on the market. The platform lets users trade cryptocurrencies and enables peer-to-peer market making without the need for a centralized intermediary. Governed by UNI token holders, it is one of the most popular exchanges on the Ethereum blockchain, and it continues to grow.
Uniswap acts as an automated market maker (AMM), negating the need for third-party authorization of crypto asset trades. It establishes liquidity by creating liquidity pools and incentivizing providers to fill them with assets. Being on the Ethereum blockchain also makes it easy for users to swap ERC20 compatible tokens.
Like many other cryptos, the UNI token has experienced considerable volatility over the last couple of years. However, the number of users has continued to climb, maintaining Uniswap’s position as a leading exchange. As more people embrace cryptocurrencies, it is likely to keep growing. In addition, the platform and token will benefit from the improvement brought by Ethereum 2.0.
BudBlockz is a new ecosystem that, despite still being in the Presale Stages, is already causing a stir thanks to a highly successful Private Sale and eager community. The platform supports and benefits from the cannabis sector and lets users buy, sell, and trade marijuana products using its BLUNT token.
Like UNI, BLUNT acts as governance, allowing holders to have a say on how the platform develops. Holders also receive rewards, perks, and discounts. The token also provides liquidity to its NFT platform, and as it is built on the Ethereum blockchain, users can access DEX and other DeFi products.
A large part of the platform and token’s appeal comes from its dual exposure to both cryptocurrency and cannabis. For example, investors can get involved with the burgeoning marijuana industry regardless of local laws. BLUNT holders can also gain fractional ownership of cannabis businesses such as farms, dispensaries, and cafes.
Being both an Ethereum-based token and part of the marijuana industry brings other advantages that will see the price of BLUNT soar. Like other tokens on the Ethereum blockchain, it will enjoy the likely spike in value following the much-anticipated Merge.
Looking ahead, the token and platform will benefit from the growing cannabis sector. Multiple countries are decriminalizing and legalizing marijuana for both medicinal and recreational use. This helps BudBlockz and its community, as demand will rise in line with the industry’s international growth.
Analysts predict the cannabis sector will have a market cap of over US$175 billion by the decade’s end. However, even that figure might be conservative as legalization gains pace. Over the coming few years, the industry will continue to grow with, for example, imminent pending legislation changes in the European Union. Countries like Germany are planning to legalize marijuana, and almost every government in the EU has legislated medical cannabis.
Both Uniswap (UNI) and BudBlockz (BLUNT) are both steaming ahead despite global economic sentiment, thanks to their utility and growth of users. There is no sign of either slowing down in the near future.
Learn more about BudBlockz (BLUNT)
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
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.