The year 2022 came with many challenges for well-established coins like Monero. This project, focused on keeping all transactions completely obscure, is further challenged by privacy concerns in light of market-crashing bankruptcies like FTX and Alameda Research.
In turn, the market participants now focus on DeFi, non-fungible tokens and actively request more transparency. Read on to find out how BudBlockz stands out from its competitor Monero (XMR).
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BudBlockz Takes on the Blockchain Industry Giants
While Monero is a coin prized for its lack of transparency – senders and receivers, as well as amounts transacted, are entirely hidden – BudBlockz focuses on the opposite. The weed industry has long been stigmatized, stained by illegal activity and lack of security.
BudBlockz aims to change this by ensuring safe and secure transactions of weed products in cannabis-friendly regions, allowing investors to pick and invest in profitable weed businesses, including farms and dispensaries.
The security factor is perhaps the most important competitive aspect of BudBlockz, and it is a key concept in expanding the weed industry. As more and more authorities debate and agree on the multiple benefits of weed products, the safety and security of such transactions are the only way to thrive in this industry.
BudBlockz uses blockchain technology to make weed transactions safe, while investors in this area can safely buy and hold asset-backed NFTs, which come with fractional ownership in weed businesses. BLUNT tokens power the ecosystem, and interested investors must own these tokens to transact or buy and hold assets.
Essentially, BLUNT tokens will connect entrepreneurs, investors, and weed users, creating a global community ready to solve many of the current issues, including logistics, data management, and fundraising – which has been extremely difficult for weed businesses so far.
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Monero’s Competitive Advantage Is Wavering
Monero started its story as one of the main cryptocurrencies on the market. Launched in 2014, it has become a popular choice among those who want to conduct private transactions. The main objective of the token is to provide anonymity by hiding the identities of the transaction participants.
Unfortunately, Monero’s coverage in mainstream media has been reduced drastically. It’s always commonly associated with illegal activities, which led to a bad reputation and less acceptance.
Monero is somewhat on the other side of the spectrum when it comes to the crypto space. While some projects like BudBlockz focus on security and transparency at the same time, Monero focuses on anonymity instead, which comes with many security drawbacks.
The concern regarding using Monero as a payment method for illegal activities led to the coin being delisted from many crypto exchanges worldwide. Also, when using a decentralized exchange, the KYC (Know Your Customer) process is mandatory, which cancels the anonymity provided by Monero.
Overall, Monero is not doing well – it is facing fierce competition from DeFi tokens, NFTs, and other blockchain solutions that prioritize transparency and security, including BudBlockz.
Bottom Line:
BudBlockz has solid advantages over its competitor, Monero (XMR). While Monero focuses on anonymity, BudBlockz purports to shed light on the global weed industry and help advance research, education, and growth in this area.
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Purchase or 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
