What BudBlockz (BLUNT) Has Learned From PotCoin (POT), CannabisCoin (CANN), The HempCoin (THC), and CannaCoin (CCN)

Years ago, when newly licensed cannabis retailers faced major hurdles in completing basic financial transactions, several marijuana-related cryptocurrencies offered themselves as solutions. An early wave of ICOs in 2014 promised a solution to the cannabis industry's banking issues and reliable profits for investors.

That initial burst of enthusiasm was short-lived, and while some first-generation tokens continue to serve the cannabis industry, others have fallen by the wayside. Newcomer Budblockz (BLUNT), has learned from their examples to position itself differently, in what has grown into a much different retail-marijuana market over the last eight years.

PotCoin's (POT) value proposition was focused squarely on facilitating financial transactions. It quickly reached $1 million in market capitalization after its ICO, but crashed less than six months later. Dennis Rodman's endorsement gave it a boost in late 2017 after it had rolled out nearly 1,000 PotCoin ATMs at retail establishments. But that momentum never carried over, and its value slid steadily. A planned move to Polygon may help PotCoin expand its range of services, but its future remains murky.

CannabisCoin (CANN) followed an almost identical trajectory, and for nearly identical reasons. Its use case featured a streamlined, easy-to-understand exchange mechanism that pegged its value to the actual weights of dispensary-issued marijuana. Like PotCoin, CannabisCoin is still a viable cryptocurrency, but its valuation has been so low for so long that it may struggle to generate new surges of interest.

An even narrower scope of ambition seems to have doomed CannaCoin (CCN. Its prospects rested almost entirely on its presence in one state, California. When restrictions on the use of fiat currency eased in California, CannaCoin crashed and may be dead for good.

HempCoin (THC) took a different approach from the start, addressing the cannabis market's infrastructure. By limiting its use case to growers, processors, and dispensaries, HempCoin was onto something big, and it appeared at one time to be the strongest cannabis crypto of them all. But it may have miscalculated the scope of its services and focused them too narrowly; like CannaCoin, HempCoin's value has dropped to nearly nothing.

The first wave of cannabis crypto has largely come and gone, and Budblockz has taken full advantage of the opportunity to learn what works and what doesn't. Like HempCoin, Budblockz positions itself as a medium of exchange for cannabis verticals. But its use case is not limited to B2B transactions. In many ways, Budblockz may be the cannabis-related cryptocurrency we've needed for nearly a decade.

In a rapidly maturing cannabis market full of savvy, interested consumers, BLUNT's core value proposition embraces the entire industry. Crucially, its asset-backed NFTs facilitate partial ownership stakes in cannabis-related companies on terms offered by the companies themselves. The result is freer access to a wider range of investment opportunities than previous tokens allowed, in a way that is far more responsive to the actual needs of the entities who continue to build one of the world's fastest-growing industries.

BudBlockz has invested its time and energy to date on securing the infrastructure needed to support its ERC-20 token and the platform described in its detailed roadmap. Its presale will be announced shortly, as will the date of its official debut on Uniswap.

Learn more about BudBlockz (BLUNT)

Official Website: https://budblockz.io

Telegram Group: https://t.me/BudBlockz

Discord Server: https://discord.gg/s7hBFgvTmN

All BudBlockz Links: https://linktr.ee/budblockz

To purchase your $BLUNT tokens visit the official BudBlockz website https://budblockz.io

Step 1: Click the "sign up" button at the top of the page

Step 2: Create a Budblockz account. Ensure you use a valid email address.

Step 3: From your client dashboard, click the "buy $BLUNT" button

Step 4: set the amount you want to purchase and the currency you want to order in

Step 5: Make the payment to the provided wallet address

Step 6: Receive your tokens!