What is Bluzelle (BLZ)? How to Buy BLZ Token in India?

What is Bluzelle (BLZ)?

Bluzelle is a Cosmos based layer-1 blockchain for GameFi that is truly decentralized, player-centric, and scalable to produce high-quality games. BLZ is a native asset of Bluzelle’s GameFi economy used for transaction fees, in-game currency, purchasing of NFT assets, and staking by validator nodes. But hang on a second – why need a new network when we already have others? 

First and Foremost, the existing blockchains like Ethereum are bound with sky-high gas fees and low turnout, which creates a poor in-game experience for players, whether they’re just trading NFT assets or linking up with other platforms. Bluzelle’s blockchain brings Metaverse, quality games, and easy integration to DeFi protocols with a throughput of 10,000 TPS at penny costs. 

Secondly, dApp developers and creators typically store off-chain data like NFT arts in centralized database systems, which risks security and ownership rights. For this, Bluzelle has developed a decentralized data storage layer that gives back developers and players control over their intellectual property free from those gatekeepers. 

Who are the Founders of Bluzelle?

Bluzelle was co-founded by Pavel Bains and Neeraj Murarka back in 2014 and initially started to build decentralized applications for banks. Later, the team realized the need for decentralized storage databases that ensure creators’ ownership rights and launched the Bluzelle data storage GameFi blockchain.

How does Bluzelle (BLZ) work?

Here are the core components that power the Bluzelle GameFi ecosystem, making it one of the most reliable and efficient platforms for gaming products:

• Bluzelle Net: The main chain underlying Bluzelle utilizes Tendermint BFT technology, offering a high transaction speed of 10,000 TPS and interoperability with other Cosmos-based applications and chains.
• R2 Decentralised Storage: Bluzelle provides a truly decentralized and censorship-resistant data storage system that runs on top of the IPFS. It allows reliable and efficient data storage and retrieval through a network of multiple nodes worldwide.
• Capella NFT Marketplace: The marketplace is integrated with Bluzelle’s decentralized storage layer and Cosmos ecosystem. It allows players and developers to access, buy, sell, mint, and optimize the utility of gaming assets. 
• Games: Bluzelle develops and publishes quality games in-house utilizing its ecosystem’s speed, storage, DeFi interoperability, and other features. Gamma 4 is the first-ever game launched in Bluzelle, where players participate in battles-tournaments and win in-game currency and NFT assets.

What makes BLZ Unique Use Cases?

• Bluzelle follows a dual token economy: BLZ is native to its blockchain, and ERC-20 BLZ is the external token for trading purposes in exchanges.
• Its GameFi aggregates other DeFi products from the Cosmos ecosystem to offer lending, yield, and other services for gaming assets.
• BLZ stakers are rewarded daily and can freely withdraw or reinvest their rewards and tokens as they wish.

Bluzelle (BLZ) Price Analysis

Source: Tradingview

• BLZ price today is trading at $0.08212, with a 24-hour trading volume of $30.18 million. In the last 24 hours, The BLZ price has dropped by 9.48%, and its market cap is $33.64 million as of August 18, 2023.
• After following a downtrend and oscillating in a close range of $0.0472-$0.0631 for over one month, BLZ price surged by more than 100%.
• Its current support level is at $0.077, and with upcoming project developments, BLZ price might rise to $0.09.

How to Buy BLZ Tokens in India?

To buy BLZ Token in India, just follow the below mentioned steps:

• Download the Crypto Investment App in India
• Enter the details for registration.
• Complete KYC
• Once your profile is verified, add funds and buy BLZ Tokens.