The notion of decentralization is the foundation around which cryptocurrency is constructed. This implies that individuals or organizations have control of crypto platforms, investments or exchanges.
Cryptocurrencies such as Near Protocol ($NEAR) are highly profitable to mine, but they place less emphasis on community development. As users and the surrounding environment increasingly seek a voice in the crypto industry’s agenda, this creates a significant disadvantage.
The new platform BudBlockz ($BLUNT) is an example of a community-focused crypto that will flourish with the backing of its user base since it caters to their specific demands. Continue reading to discover further information regarding how BudBlockz has a better positive impact than Near Protocol ($NEAR).
Near Protocol ($NEAR)
The Near Protocol network utilizes the $NEAR token as its de facto token. It is compatible with the network’s protocols and everything connected to the network.
Near Protocol is a platform designed to facilitate customers’ success in the decentralized finance (DeFi) arena. It does this by rewarding inventors and engineers with the native token, $NEAR, and serving as an enthusiastic cheerleader for efforts.
There are currently over 800,000,000 $NEAR tokens in circulation, with a maximum supply of 1 billion tokens already covered. Users can use the $NEAR token to conduct trades and store data related to those trades by purchasing storage space with the token.
The main disadvantages of $NEAR are related to governance. The initial token distribution allocated over 36% of the total supply to the core backers and team.
This gives them control over a large portion of the protocol, even if released on a 5-year vested schedule, as that started four years ago. When combined with the inability to vote on governance proposals – unless you are staking the huge amount of $NEAR necessary to be a validator – it becomes clear that there are some issues of centralization within the network.
BudBlockz ($BLUNT)
BudBlockz ($BLUNT) is an upcoming new cryptocurrency targeting the cannabis industry. The platform has come up with innovative developments to drive a unique marketplace model for the marijuana sector. It has a diverse use case and will utilize blockchain technology to ensure greater transparency and accountability in the cannabis industry.
BudBlockz will help users and businesses gain access to sector investments through shares in farms and dispensaries. Also, the platform will allow users to buy or sell through a peer-to-peer marketplace model.
BudBlockz has many other innovative features, including building a diversified marketplace where users can purchase one or more of 10,000 Ganja Guruz NFTs. Users who buy and hold these NFTs will get many exclusive benefits, such as fractional ownership of farms and dispensaries, discounts on various cannabis products, and membership in all BudBlockz dispensaries across the globe.
Also, BudBlockz will act as a decentralized exchange where users can utilize the $BLUNT token to join the DeFi space and earn a passive income. Users will also use their BudBlockz wallets to make payments easily at the click of a button and participate in DeFi through BudSwap.
$BLUNT officially launches on the 5th of December, and early investors could gain handsome returns through a token that could potentially deliver considerable profits in the medium to long term.
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.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
