A utility token is a crypto token that serves a specific use case within a blockchain ecosystem. Typically utility tokens allow their owners to perform actions within a network.
For example, crypto newcomer BudBlockz’s token BLUNT will be used for investing in and e-commerce within the cannabis industry. That is the use case of the BLUNT token, and it serves no other use beyond the speculation of its value. This is the case for all utility tokens.
The main difference between utility tokens and a meme coin, such as Dogecoin or Dogelon Mars, is that a utility coin is built for a purpose, and a meme coin is created with no specific use case in mind; they are usually invented as a joke.
In 2013 the Godfather of all Memecoin, Dogecoin (DOGE), was created. DOGE remained relatively unknown until late 2020, when a fortunate turn of events and some genius marketing strokes propelled DOGE into the mainstream. It has cemented itself as a household name and inspired a legion of meme coins to follow. While some meme coins have managed to establish themselves and build loyal communities, many have fallen by the wayside and become distant memories. Since the end of the 2021s major bull run, it has been somewhat challenging for meme coins to maintain value. The ongoing trend of meme coins falling in value has become even more prominent during the crypto winter. With the lack of a use case, most investors have struggled to find a reason to keep lesser-known tokens like Dogelon Mars and Floki Inu as part of their portfolios. As a result, ELON is currently down 99.1% from its July 2021 all-time high, while FLOKI is down 97% from its November 2021 all-time high.
More and more crypto enthusiasts are moving their funds into utility tokens, and many believe BudBlockz could be the next big thing in the crypto universe. With a unique use case and a realistic plan to execute, there’s no wonder why the BLUNT token has been spoken about as the next big thing. BudBlockz has sold over 36% of the private sale allocation only a week into the four-week private sale. The private sale token allocation is available for $0.015 per BLUNT, whereas the presale is set to begin at $0.021 per BLUNT, representing a 40% increase in value. The early gains do not stop there; with a dynamic price model in use for the presale, the token’s value is set to increase with the demand. Typically in these types of presales, significant gains can be seen, such as in the Mushe (XMU) presale, which opened at $0.005 per XMU and is currently trading on the open market at $0.0537, and the Chronoly (CRNO) presale which has reported gains of 600%. Stepn (GMT) is another example of a token growing exponentially after a private sale. The success of GMT launched it into the top 100 cryptos worldwide.
One thing all these tokens have in common is that they are utility tokens with unique and useful use cases that have given the public faith to back them. In return, early backers have benefitted from significant returns. I expect the ongoing private sale of BudBlockz to be no exception to the rule.
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
To purchase your $BLUNT tokens
Step 1: Visit the official BudBlockz website https://budblockz.io
Step 2: Click the “sign up” button at the top of the page
Step 3: Create a Budblockz account. Ensure you use a valid email address.
Step 4: From your client dashboard, click the “buy $BLUNT” button
Step 5: set the amount you want to purchase and the currency you want to order in
Step 6: Make the payment to the provided wallet address
Step 7: Receive your tokens!
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