Just a week into its month-long private sale, cannabis-crypto pioneer BudBlockz (BLUNT) has sold more than a third of its allotted tokens. Its fast start echoes those of other cryptocurrencies, notably STEPN and Decentraland (LAND), each of which parlayed strong private-sale and presale support into resilient post-launch value. Could BudBlockz be poised to follow a similar trajectory?
Private sales are often cloaked in secrecy. The typical private sale is an opportunity for early supporters of a cryptocurrency, institutional investors, and insiders with whom a new platform wishes to curry favor, to establish significant positions in a token before its presale, while incurring little risk. The process is typically all above board and has become an accepted phase of pre-launch strategy, but it leaves industry observers with little hard data to go by: the anecdotal information that emerges from most presales just isn’t of much predictive value.
BudBlockz is an exception. Its private sale is open to anyone with a wallet capable of holding ERC-20 tokens, eliminating some of the dealmaking that often precedes a new token’s official presale. This democratic approach to BLUNT’s private sale implies fixed, transparent pricing. During the private sale, BLUNT is priced at $0.015. Its presale will begin at $0.021, giving private-sale investors an immediate 40% appreciation of their original investments.
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While these figures pale in comparison to the parameters of a typical private sale, they speak to two important strategic objectives on BudBlockz’s part. One, the private sale seeks to raise significant operating capital, not just to establish relationships with investors in the hope that they will contribute more significantly down the line. Two, BudBlockz seeks to create a strong and resilient user community and to do so as quickly as possible. Its private sale is not a giveaway, but an invitation to profit from a token poised to take advantage of a booming market in recreational cannabis.
Among the initiatives funded by BLUNT’s pre-launch sales is a marketplace of asset-backed NFTs that allow BudBlockz users to directly support specific cannabis-related companies. This sort of focused, meaningful interchange with the broader economy sets BudBlockz apart from most other tokens—and from the entire earlier generation of cannabis-related cryptocurrencies. The same spirit informs the entire BudBlockz roadmap, which includes projects devoted to the creation of a point-of-sale network, the launch of virtual dispensaries that help retail operations and consumers alike, and the possibility of a retail division operating under the BudBlockz name.
Like STEPN before it, BudBlockz is using its private sale to demonstrate the viability of its long-term use cases and value proposition. Like BLUNT, STEPN predicated its future prospects on its ability to deliver meaningful value to users in ways that transcended the crypto space. Investors immediately recognized the opportunity, and STEPN tokens sold out before the scheduled end of its private sale. LAND, for its part, represented a completely new and uniquely compelling use case, and the strength of its private sale proved an indicator of good things to come. With weeks still left in BLUNT’s semi-private sale, all indications are that BudBlockz is off to a similarly promising start.
Learn more about BudBlockz (BLUNT)
Official Website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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