BudBlockz preferred to Cronos and Chainlink?

November 9, 2022 at 12:01 pm

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BudBlockz preferred to Cronos and Chainlink?

BudBlockz: how blockchain can regularize access to the global cannabis industry

BudBlockz is a decentralized platform that offers its users e-commerce opportunities to explore the global cannabis market. It aims to accelerate the adoption of cannabis and its products by leveraging blockchain for production, spreading awareness, and market research. It’s built on the Ethereum network and is also compatible with major blockchains.

Its native token, BLUNT, is built on the ERC-20 standard and comes in handy while dealing with transactional uses like staking, rewards, and NFT trading, among others. The BLUNT Token is available on presale.

BudBlockz will also release an NFT series known as the Ganja Guruz collection. With a supply capped at 10,000, these NFTs will enable users to gain ownership of the cannabis farms and dispensaries set up by the platform and get special discount codes on BudBlockz products.

It plans to deep-dive into the industry by setting up cannabis farms and dispensaries to boost production and access to these products for enthusiasts worldwide. In the long run, it aims to help marijuana corporations to ramp up their business growth by solving challenges like data management, fundraising, logistics, and seed-to-sale tracking.

The total number of BLUNT Tokens that will be in circulation at any given point in time will not exceed 420,000,000 units. Also, as the BLUNT Token is built on a deflationary model, its supply will be burned to keep them scarce. The activity helps in keeping the token price stable and reduces fluctuations. Of the total supply, 32% of tokens will be available to purchase before launch. Next, 25% of the tokens will be utilized to ensure ample liquidity during various phases of the platform’s growth. To ensure that people know about BudBlockz and its use cases, the team will spend 18% of the tokens on marketing activities. BudBlockz will also reserve tokens for maintaining developers’ wallets (8%), founders (10%), and project partners (5%). The remaining 2% of the token will be burned.

The vesting period for the BLUNT Tokens allocated for founders and project partners will have a lock-in period of 365 days, while those set aside for marketing activities will be vested for 90 days.

Chainlink’s Nazarov talks about plans to develop banking infra

Chainlink’s decentralized oracle network is known for tamper-proof transactions, and computations to support data transfer and smart contracts on any blockchain.

What makes it reliable is the pre-built Oracle solutions that can be integrated seamlessly for dApps. Its native token LINK is used as the primary cryptocurrency of the network and also for dealing with any transactional obligations.

In an interview, co-founder of Chainlink Labs Sergey Nazarov talked about the platform’s partnership with multiple banks and SWIFT that will help it in connecting multiple blockchains with (Cross-Chain Interoperability Protocol) CCIP for building a global banking infrastructure

Applications invited for ‘Cronos Accelerator’ Cohort 2

Cronos is a decentralized platform for porting dApps across Ethereum and EVM friendly blockchain networks. It is built on the Inter Blockchain Communication (IBC) protocol. Its native token CRO is used for all transactional purposes on the platform. In a recent development, Cronos announced the launch of the second cohort of its ‘Cronos Accelerator program. The program aims to support innovators working in fields like advanced DeFi, gaming, infrastructure, and tooling.