With many cryptocurrencies struggling this year, finding positive news can be difficult. However, incumbent Uniswap and popular newcomer BudBlockz are beating prevailing market trends and gaining momentum.
Uniswap (UNI) is one of the most famous decentralized exchanges (DEX) on the market. The platform allows users to trade cryptocurrencies and enables peer-to-peer market making without the need for a central intermediary. Governed by UNI token holders, it is one of the most popular exchanges on the Ethereum blockchain and it continues to grow.
Uniswap acts as an automated market maker (AMM) and eliminates the need for third-party authorization of crypto asset trades. It creates liquidity by creating liquidity pools and incentivizing providers to fill them with assets. Belonging to the Ethereum blockchain also makes it easy for users to exchange ERC20-compatible tokens.
Like many other cryptos, the UNI token has experienced significant volatility over the past few years. However, the number of users has continued to grow, which maintains Uniswap’s position as a leading exchange. As more and more people embrace cryptocurrencies, it will likely continue to grow. In addition, the platform and token will benefit from the improvement brought by Ethereum 2.0.
BudBlockz is a new ecosystem that, while still in the pre-sale phase, is already making waves thanks to a hugely successful private sale and an eager community. The platform supports and benefits from the cannabis sector, allowing users to buy, sell and trade marijuana products using their BLUNT token.
Like UNI, BLUNT acts as governance, allowing owners to have a say in how the platform performs. Holders also receive rewards, perks and discounts. The token also provides liquidity for its NFT platform, and since it is built on the Ethereum blockchain, users can access DEX and other DeFi products.
A large part of the appeal of the platform and token comes from its dual exposure to cryptocurrency and cannabis. For example, investors can get involved in the burgeoning marijuana industry regardless of local laws. BLUNT owners can also acquire fractional ownership of cannabis businesses such as farms, dispensaries, and coffee shops.
Being both an Ethereum-based token and part of the marijuana industry brings other benefits that will see BLUNT’s price skyrocket. Like other tokens on the Ethereum blockchain, it will enjoy the likely surge in value after the much-anticipated merger.
Looking ahead, the token and platform will benefit from the growing cannabis sector. Several countries are decriminalizing and legalizing marijuana for both medical and recreational use. This will help BudBlockz and its community as demand will increase in line with the international growth of the industry.
Analysts are predicting that the cannabis sector will have a market cap of over $175 billion by the end of the decade. However, even that number could be conservative as legalization gains momentum. The industry will continue to grow in the years to come, for example with upcoming legislative changes in the European Union. Countries like Germany are planning to legalize marijuana, and almost every government in the EU has legislated medicinal cannabis.
Both Uniswap (UNI) and BudBlockz (BLUNT) are on the rise thanks to their usefulness and user growth despite the global economic sentiment. There are no signs of a slowdown in the near future.
>> Buy BLUNT tokens here
Learn more about BudBlockz (BLUNT)
Official site: https://budblockz.io
Registration in advance: https://app.budblockz.io/sign-up
Telegram group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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