Report

BudBlockz (BLUNT) continues to Soar despite the Collapse of FTX & Gate.io

By EWN • Published: 03 Feb 2023 • 18:00

The skepticism and fear of many investors towards adding new tokens to their portfolios has risen since the crypto winter kicked in early 2022.

Sorting through thousands of coins and token-based projects today is a rather daunting task for crypto analysts and investors.

In the wake of this crypto winter, a major cryptocurrency exchange (FTX) collapsed, which set FTX tokens on a downward spiral. This event deepened the effects of crypto winter across most cryptocurrencies and tokens.

Despite the deep plunge, tokens like BudBlockz (BLUNT) continued to soar and make higher prices giving its early investors something to mitigate possible losses incurred from other coins and tokens.

The BLUNT token is already gaining global recognition and getting crypto-investors attention worldwide.

BudBlockz’s success is largely ascribed to its unique value proposition and high market cap potential. Let’s go into more detail about why FTX and Gate.io’s collapse has had nothing on the BudBlockz token.

>>> BUY BUDBLOCKZ TOKEN NOW <<<

Budblockz (BLUNT)

BudBlockz blunt is the new buzzword in the crypto space. The project set out to disrupt the ever-growing cannabis industry.

As an e-commerce platform, BudBlockz enables users to have easy, secure, and legal access to the global cannabis market. Cannabis farms and dispensaries will easily connect with entrepreneurs and cannabis-based organisations to facilitate seamless interactions and transactions.

Budblockz also aims to build a more secure and accessible cannabis ecosystem by building farms and dispensaries worldwide. The innovation aims to boost the production, market linkages, research, and adoption of cannabis products globally.

Budblockz (BLUNT) tokens provide the required liquidity to power various transactions across and beyond the Budblockz network. Some use cases of the BLUNT token include voting, NFT trading, liquidity management, and staking (BudBlockz Arcade).

>>> BUY BUDBLOCKZ TOKEN NOW <<<

FTX

Founded by Sam Bankman-Fried, FTX is the primary token used by the FTX cryptocurrency exchange. The token was developed to improve transactional and other activities within the cryptocurrency exchange ecosystem.

Via the FTX tokens, users get discounts on their trading fees on the trading platform; some also use the token as collateral damage against bad futures positions. In addition, when users stake FTX tokens, NFT tokens are issued as rewards.

Between May 2022 and now, the FTX token has dropped by over 95% due to the FTX collapse in November 2022. This massive price drop had a ripple effect all over the industry.

Gate.io

Gate.io is another cryptocurrency exchange platform like FTX and Binance.

The Hong Kong-founded exchange (now based in the US) gained popularity within a few years of its establishment. Like other major exchanges today, it supports over 1000 cryptocurrencies for exchange, spot, and margin trading.

The platform also offers ETFs, futures, and derivatives to its investors. In addition, professional traders can take advantage of this platform to take speculative risks and make potential gains.

However, the FTX crash has increased the skepticism of investors and users around centralised cryptocurrency exchange platforms, and there have been rumours that gate.io is affected by this industry-wide skepticism.

Conclusion

Despite the winter hit across all cryptocurrencies, many investors and analysts still believe the Budblockz project to be the next big thing in the crypto market. Some even see it as a haven and hedge against other crypto asset depletion.

Purchase or 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