BudBlockz’s private sale of its native coin was a great success confirming the strong demand for the pioneer crypto cannabis project. The sale of more than 30% of the tokens allocated to private investors in under five days affirmed the market readiness for a project ready to revolutionize the crypto space.
BudBlockz Successful Private Sales
The strong demand at the private sale demonstrates the viability of BudBlockz, given its use case and value proposition in the cannabis and cryptocurrency sector. Investors acknowledging its use case is expected to be a key driver that should allow the project to reach the heights reached by previous projects such as Ethereum and Binance Coin.
The fast start with investors buying more than a third of the allocated tokens echoes similar success echoed by the likes of Decentraland and STEPN tokens that ended up being successes post-launch
The private sale of the BLUNT token was available at a 30% discount, with the token going for $0.015. The strong demand came despite the growing fear in the sector. Established tokens imploding in recent months owing to the broader market collapse seem not to have affected investors sentiments on the cannabis crypto project.
The tremendous success had everything to do with BudBlockz making the private sale less exclusive and thus open to the masses. Furthermore, the sale was open to anyone with an ERC20 compatible wallet, signaling BudBlockz is for everyone and not an exclusive clique of investors, as has always been the case with other projects.
Following the private sale, BudBlockz has already set itself up for tremendous success in taking advantage of the recreational cannabis industry’s growing maturity. Instead of turning to ATMs to enable the sale of the network’s native currency BLUNT, BudBlockz is already working on its own point-of-sale presence. The network is to complement other payment options without imposing too many costs on customers and retailers.
The capital raised through the private sale leaves BudBlockz in a solid financial position while establishing strong relationships with investors expected to contribute to its development. Additionally, the pre-sale should create a strong and resilient user community as BudBlockz seeks to transform the $200 billion cannabis sector through cryptocurrency.
Contrary to perception, BLUNT going on sale at a discount is not a giveaway. Instead, it is an invitation to be part of a project in its early stages of growth. The BLUNT token is on course to take advantage of the booming recreational cannabis market and consequently generate significant value for shareholders down the line.
Funds from the presale should go a long way in supporting marketplace development for asset-backed NFTs that BudBlockz is working on. The marketplace should allow BudBlockz to support other cannabis-related companies and products while enhancing BLUNT token use.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: budblockz.io/
Presale Registration:: 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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