Dogecoin (DOGE) famously started as a joke but is now one of the most popular cryptocurrencies on the market. Its success is the result of multiple factors, but the chief driver is the community that formed around it. This is a concept that other cryptos, like the new token BudBlockz (BLUNT), are now embracing and building upon.
The difference is that unlike Dogecoin, whose following began in response to satire, BudBlockz already has a community with a uniting passion – it is a crypto specifically for those interested in the cannabis market.
Different communities and approaches
Dogecoin was launched in 2013 by a couple of software engineers as a joke in reaction to cryptocurrency speculation. It was the first ‘meme’ coin and described itself as a fun and friendly internet currency. Within two weeks, thanks to a website, forum, and active Reddit community, its popularity soared, reaching a market value of $8 million.
It received external boosts thanks to publicity from celebrities and businesspeople like Elon Musk, who became heavily involved in the coin. His activities, along with encouragement from Snoop Dogg and Gene Simmons, helped grow the community and made Dogecoin one of the ten largest currencies.
Dogecoin has the advantage of time and media exposure, but those aren’t necessarily long-term benefits. Newer blockchains, tokens, and approaches explore issues such as security, community, and energy efficiency in ways that weren’t possible before. This is where coins like BudBlockz have the advantage.
BudBlockz builds on what others have achieved and caters to the rapidly growing cannabis market. Celebrities may shift attention to another coin, whereas cannabis has been used for thousands of years. Furthermore, its increasing decriminalization and legalization worldwide have revealed a broad and passionate community.
There are other cannabis coins, but BudBlockz differs in its desire to build a community for all who want to get involved – from growers and dispensaries to users and investors.
BudBlockz was created for a specific community
Dogecoin is an open-source, peer-to-peer cryptocurrency with its own blockchain. It may have started as a joke, but it functions well. Based on Scrypt algorithm, the transaction process is more convenient than Bitcoin, taking just one minute to confirm. The ecosystem works according to the Dogecoin Foundation’s Trailmap, where the staff and developers list projects and direction based on community feedback.
In contrast, BudBlockz is an ecosystem and NFT marketplace designed to bring cannabis enthusiasts together. Furthermore, being built on the Ethereum blockchain allows for the utilization of DEX and other Defi products.
The BLUNT token serves multiple purposes. First, it is a virtual medium of exchange, allowing owners to buy and sell goods and services. This provides liquidity for the NFT marketplace and fractional ownership opportunities of dispensaries and farms. Consequently, this enhances the communal aspect, as everyone has a stake in wanting to improve the cannabis sector.
When it comes to governance, token holders and members of the BudBlockz DAO can make proposals, have a voice in decision-making, and have the right to discuss and vote on ecosystem development. This is a more decentralized and inclusive approach to governance and further promotes a sense of community.
Dogecoin began as a joke, but by building a community, it found longevity and popularity. It shows how much of a difference strong communities can make to a cryptocurrency. But the approach was essentially discovered and then embraced.
In contrast, newer platforms like BudBlockz are launching with a specific community in mind. This means they can use the available technology and cater to users’ needs while growing a platform that would appeal to them. The shared sense of purpose, which in this case is the success and growth of the cannabis industry, may well prove an even more effective approach.
For more information or to purchase BudBlockz (BLUNT) tokens visit https://budblockz.io
Join the BudBlockz Discord, Telegram, Twitter or Instagram: https://linktr.ee/budblockz
To purchase your $BLUNT tokens visit the official BudBlockz website https://budblockz.io
Step 1: Click the “sign up” button at the top of the page
Step 2: Create a Budblockz account. Ensure you use a valid email address.
Step 3: From your client dashboard, click the “buy $BLUNT” button
Step 4: set the amount you want to purchase and the currency you want to order in
Step 5: Make the payment to the provided wallet address
Step 6: Receive your tokens!
JinseFinance
Xu Lin
Cheng Yuan
Kikyo
cryptopotato
Ledgerinsights
Others
Ftftx
Cointelegraph