Cryptocurrency has been in a bear market for a while now, and it has yet to be determined when it will bottom out. The recent crashes and exploit waves have made matters worse. And now is the time for only the brightest and most promising projects to survive.
While the Terra Classic (LUNA) crash was critical in ushering the crypto world into the bear market, it was only the first of many dominoes to fall. Many investors have lost a significant amount of money, and some have given up on cryptocurrency entirely. However, all hope is not lost.
Although unforgiving, the bear market tends to weed out overpriced projects that add little to no real value. In the dead of this crypto winter, BudBlockz (BLUNT) keeps waxing stronger as it emerges as a touch bearer aiming to push through the bear market with Elrond (EGLD) and Chiliz (CHZ).
Let’s examine BudBlockz’s approach to surviving the bear market with Elrond and Chiliz.
Elrond (EGLD) Pushes the Frontiers of the New Internet Economy.
Elrond (EGLD) is a blockchain protocol that provides breakneck transaction speeds using sharding. The project describes itself as a new internet technology ecosystem that includes fintech, DeFi, and the Internet of Things.
The Elrond network awards EGLD tokens to the community and active participants. Elrond’s native token, EGLD, or Electronic Gold, functions as a store of value currency for network usage. The coin is exchanged for value between platform users and validators. Elrond (EGLD) is used to pay transaction fees and provide services. The project also allows developers who build on the platform to earn 30% of the smart contract fees as royalties to encourage adoption.
Chiliz (CHZ) Combines the Crypto and Entertainment Industries.
Chiliz (CHZ), created by the eponymous Malta-based FinTech provider, is the leading digital currency for sports and entertainment. It runs the blockchain-based sports entertainment platform Socios, allowing users to influence the governance of their favorite sports brands. Fan tokens provide a way for sports clubs and associations to connect with their fans while unlocking new revenue streams. Every sporting organization that employs Chiliz technology has a limited supply of fan tokens available at an initial fan token offering.
The platform’s internal currency is the native CHZ token, which purchases fan tokens. Fans can then use their fan tokens to vote on the Socios platform, which is made possible by smart contracts. The amount of influence that fans have is determined by the clubs. Decisions are made on everything from new jersey designs to team matchups in exhibition games.
BudBlockz (BLUNT) has Risen in Popularity Despite the Crypto Bear Market
Several factors have contributed to the rapid success and massive popularity of BudBlockz (BLUNT). BudBlockz, for example, is the first company to focus solely on providing real-world functionalities and features to assist users and businesses in conducting marijuana transactions on the blockchain.
The crypto project addresses problems that have plagued the marijuana industry for decades, such as difficulties in raising capital through the banking system. BudBlockz (BLUNT) will eliminate the need for physical cash and third-party financial institutions.
BudBlockz (BLUNT) seeks to solve every problem encountered in the cannabis industry, including data tracking and insufficient funds. This disintermediation will be accomplished through various means, including their asset-backed non-fungible tokens (NFTS). For instance, by purchasing one of their 10,000 Ganja Guruz NFTs. It will facilitate access to loans for entrepreneurs via the decentralized finance (DeFi) system. BudBlockz has far more to offer and will come out of the current bear market bigger than most coins.
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
Use the promo code “CYBERWEEK” to receive a 20% bonus on your $BLUNT purchase before 5 December 2022.