Multiple cryptocurrencies get added weekly, joining the hundreds of thousands already in the crypto market. Some have what it takes to enhance investors’ wallets, while others offer little value.
Genesis Exchange is currently facing bankruptcy, affecting its investors and the exchange platform. On the other hand, BudBlockz (BLUNT) and Chainlink (LINK) still offer great opportunities to their investors.
This article explores the incredible opportunities in BLUNT and LINK tokens as Genesis goes bankrupt.
BudBlockz (BLUNT) widens cannabis product reach with blockchain.
BudBlockz (BLUNT) is on a higher pedal compared to most cryptocurrencies. It brings a unique touch to the system that wasn’t there before. BudBlockz leverages all the capabilities of blockchain technology and intertwines it with cannabis. BudBlockz (BLUNT) is the coming together of two great enterprises to form an explosion.
BudBlockz’s mission is to create an accessible and transparent exchange platform for cannabis products. Having an online cannabis store on the blockchain will increase sales and expand investment opportunities for crypto users. More individuals will become aware of crypto and invest in it. It means BLUNT opens a door for more investors.
BudBlockz (BLUNT) is not only an online platform. It intends to partner with cannabis farms and dispensaries to make products available on a 24/7 basis. BudBlockz stores will be established in regions that have legalized the use of cannabis. Users will have access to the community and receive updates about the ecosystem.
BLUNT has a lot to offer its investors, including fractional ownership of marijuana shops, farms, dispensaries, etc. Investing in BudBlockz allows investors to have outstanding investment returns as they will generate substantial passive income.
Genesis platform files for bankruptcy safety from its creditors
Genesis was previously regarded as one of the biggest lending platforms in the blockchain ecosystem. However, the platform’s success and growth over the years are going down the drain. It is a result of the collapse of Future Exchange (FTX).
FTX went bankrupt because various investors were threatened by their intention to sell the platform. Investors began withdrawing their investments, leading to the dissolution of the sales and the bankruptcy of FTX. Genesis was deeply affected by the fall of FTX.
To protect the platform, Genesis filed for bankruptcy protection under Chapter 11 in the Manhattan federal court on January 20. The crypto lending platform intends to sell off its assets to pay back most of its creditors and get back on the market by May 2023. The platform has over 100,000 creditors, ranging from 1.2 to 11 billion dollars, as recorded in the bankruptcy report.
Chainlink (LINK) increases blockchain interoperability.
Chainlink (LINK) is a cryptocurrency platform that bridges the gap between several other platforms on the blockchain. Interoperability is one of the major problems of blockchain technology that Chainlink intends to solve. Individuals using Chainlink have access to other blockchains like Ethereum (ETH), Solana (SOL), and others.
Chainlink (LINK) uses hybrid smart contracts to move information from one blockchain to another. LINK distributes NFTs, tokens, etc., to other platforms. Though Chainlink is built on the Ethereum platform, it can also interact with off-chain transactions.
LINK is an open-source system that uses the proof of stake consensus mechanism. Users can view and make adjustments to the system’s operation.
Even though Genesis is going through difficulties now, the platform can still survive and become stronger. In the meantime, BudBlockz (BLUNT) and Chainlink (LINK) continue to improve investors’ portfolios. However, most investors prefer investing in BudBlockz because it offers a unique opportunity and is the first of its kind.
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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