Budd and its token are explained in this 5-pager, and it’s a crypto-token mainly developed to function as a banking platform for the entire cannabis industry. Budd, Inc. is driving the Canadian cannabis industry forward by creating a global Blockchain-based immutable ledger built on the utility tokens for the growers, manufacturers, consumers, retailers, and the whole Canadian cannabis marketplace. We seek to facilitate the process of buying, selling or exchange marijuana with cryptocurrency.
Budd’s best-in-class platform stores the industry data in the Blockchain and use these data to provide sufficient information for consumers and retailers with real-time analytics on consumer demands. Deliveries are tracked and stored in our database with all the real-time data and compliant documentation immediately stored in the blockchain’s immutable ledger. Using Budd, it would be an unprecedented solution to secure all the transactions and historical records.
Budd International’s utility tokens allow the integration of the Budd blockchain to all third parties through an API, enabling a data-driven, single point, cannabis environment to quickly flourish once the company is legalized. Budd functions aim to build a secured banking platform that brings all the relevant parties in the cannabis industry together to improve the efficiency, transparency, and standardization of transactions across different channels. Budd, therefore, presents a unified crypto-banking solution and unique opportunities for cannabis businesses and consumers to transact securely, safely, and in compliance with a new regulated system.
The Banking Solution to the Cannabis Industry
The Budd cannabis banking platform will be a first step in satisfying this demand. Unlike the traditional banking system typifies long and unnecessary processes of financial transactions, the Budd banking platform offers an instantaneous banking system for both crypto-based and fiat currency transactions while also allowing inter-changeability between the mechanisms. With Budd’s cannabis bank, our merchants will finally be able to use cryptocurrencies to purchase marijuana without transaction limits or restriction, save and exchange BuddToken, and with the minimal commission on any of the existing global payment terminals, payment points, and internet stores. The platform is built on algorithms that enable the most efficient bid-offer matching across natural peer-to-peer flow as well as third-party Crypto-exchanges.
The Budd cannabis banking platform will be a first step in satisfying this demand. Unlike the traditional banking system typifies long and unnecessary processes of financial transactions, the Budd banking platform offers an instantaneous banking system for both crypto-based and fiat currency transactions while also allowing inter-changeability between the mechanisms. With Budd’s cannabis bank, our merchants will finally be able to use cryptocurrencies to purchase marijuana without transaction limits or restriction, save and exchange BuddToken, and with the minimal commission on any of the existing global payment terminals, payment points, and internet stores. The platform is built on algorithms that enable the most efficient bid-offer matching across natural peer-to-peer flow as well as third-party Crypto-exchanges.
Cash-only Payment Industry
Accepting payments only by cash can lead to severe implications and severe losses for most businesses dealing with cannabis. This is because these businesses need to pay for the transportation and security of the cash. Also, money is not only challenging to store correctly but also takes much space. This can lead to potentially hazardous cases when businesses have to accept and transport cash from the consumers. These types of activities are easy targets for fraud, robberies or even scams and are often forced to carry firearms or hire security. As a result of the current industry legislation, accepting vast amounts of money is necessary but has opened several doors of getting scammed or being robbed.
As the banking solution for cannabis businesses, we seek to solve these challenges and enhance the safety of transactions in the industry through the utilization of Buddtoken as the means of payments. Budd strives to offer what has been missing in the cannabis business space by delivering the most efficient and reliable digital payments in the thriving marijuana industry. With our competent team and determined community members, Budd is remarkably growing and bettering buddtoken. The global cannabis industry needs a digital way to make payments, and Budd is here to make this achievable.
Custom Products Line
A trademark production of vapes, clothing line, bongs, and the paper line is the key to long-term growth for a sustainable crypto-cannabis like Budd. For that reason, Budd budget is appropriately allocated to ensure that Budd has several trademark products to meet the emerging crypto-cannabis industry while operating under the new Canadian legislation for cannabis. There are considerable costs involved in combining all of these factors such as: achieving all the necessary conditions to work in multiple markets, building legal teams as well as legal fees and the costs attached to a vape and clothing line production.
These Operating expenses are used to ensure that project operations of the Budd vape production unit are smoothly running. We will focus our resource on improving operation process as well as hire operation management experts. The contribution will include direct selling costs to our participating merchants and pot enthusiasts, including direct calls and personal meetings.
Budd Business Model
Budd will use smart contracts to
Develop a decentralized and incentivized banking solutions for businesses
Systemize, unite, and organize the regulation efforts
Allows the consumer of the token to “buy in-house” products and services this platform is designed to offer.
Develop an immutable ledger for all the pots related data
Provide peer-to-peer and instantaneous payment for industry related supplies and products via budd
Create standards for identity verification, supply chains and transactions, lab testing, and licensing
The Budd model begins with the technology of Blockchain and crypto-token. It then develops a community of physical workspaces where the participants can meet, work, create, and socialize. This is in a bid to providing suitable locations for cannabis-based dispensaries and start-ups to accommodate their business.
Budd Inc. also introduces online platforms to unite the pots lovers throughout the world who are committed to the legalization and regulation of cannabis. Reinforcing and supporting this network of participants will quickly enhance the legalization movement, and it is posited to have a significant impact on the value and demand for Budd. Finally, Budd will actively fund and support the integration of Blockchain in the cannabis marketplace, such that it improves the value and importance of Budd. Budd’s business model is both complementary and systemized. Every component acts to strengthen the whole.