I recently came across a new altcoin — BUBO (Budbo). It’s not just another “pot coin, and that’s exactly what’s so exciting about it. Budbo became known as the “Tinder for Weed” in its pre-blockchain avatar due to its intuitive android and iOS apps. The Budbo app allows cannabis users to swipe left or right on a huge selection of marijuana strains and products available in their area. This important data on consumer preferences will be aggregated and stored on Budbo’s immutable ledger, along with other comprehensive data from across the cannabis industry.
Budbo offers logistics management and supply chain integration to the growing ranks of weed growers and retailers. Their shiny app is a precursor to what to expect in 2018. The company set its plan in motion by announcing its token sales late last year. By the 31st of March, the BUBO token will be listed for trade on major exchanges in the crypto-domain.
My analysis of the BUBO token is based on the following criteria:
Usability of the product.
Scalability of the product.
Price support by the general public.
Usability — The BUBO token is an integral part of the Budbo ecosystem. This ecosystem is a treasure trove for retailers and growers wanting to capture the trends of marijuana sales. As legalization of marijuana becomes the norm, the potential users of the Budbo platform are bound to rise sharply. This directly translates into increased value of the BUBO token.
Scalability — The increasing number of countries embracing marijuana legalization means demand for streamlining the supply chain will be a natural requirement. Thus, the amount of data available to capture trends will grow to massive proportions, and will be sought by retailers and growers alike. As demand increases, the cost will be pulled upwards by the action of demand-pull inflation.
Price Support — Currently BUBO tokens are available at $0.33 per token as a part of its tier 4 token sales.