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Bluzelle

BLZ

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Bluzelle

BLZ is the token powering the Bluzelle platform and decentralized storage network. BLZ can be used to pay for transactions, storage, staking, and voting on the future of the network. Note: Coinbase currently only supports BLZ running on the Ethereum blockchain (ERC-20).

Bluzelle (BLZ) is a decentralized storage network that aims to safeguard the intellectual property of creators across various fields, including artists, musicians, scientists, publishers, and developers. It strives to provide a highly available database, resistant to censorship. The Bluzelle ecosystem, powered by its Tendermint Blockchain, includes a decentralized database (Bluzelle DB), a decentralized pricing oracle (Bluzelle Oracles), and a staking platform (Bluzelle Staking). The BLZ token is integral to the Bluzelle ecosystem, enabling users to pay for network transactions, access BluzelleDB and Oracle services, and stake their tokens to receive compensation.

Bluzelle operates on a 10,000 TPS Proof-of-Stake network known as BluzelleNet. This network strives to provide a highly available database by encouraging a large number of nodes to collaborate. The process of becoming a validator on BluzelleNet is designed to requirminimal technical knowledge. Those who do not wish to become validators can delegate their tasks to another validator, ensuring everyone can participate in the network and receive compensation. The BLZ token is used to pay for network transactions, access BluzelleDB and Oracle services, and stake tokens to receive compensation.

Bluzelle aims to serve the creator economy, providing a platform for creators to control their intellectual property free from gatekeepers. Its decentralized storage network is designed to protect the intellectual property of creators, making it suitable for artists, musicians, scientists, publishers, and developers. Bluzelle also intends to provide a marketplace for NFTs and game assets, providing storage and transaction functionality. Additionally, Bluzelle's decentralized database and oracle services can be used by software developers to store information and provide pricing data for DeFi applications.

Bluzelle was founded by Pavel Bains and Neeraj Murarka to address the fragmented data link in the blockchain and DeFi space. Both founders have extensive technological experience and a history of working with global companies. Pavel Bains previously co-founded Storypanda, a digital book platform that worked with titles by DreamWorks, Warner Bros, and others. Neeraj Murarka is an engineer and computer systems architect with over 20 years of experience working with global companies including Google, IBM, Hewlett Packard, Lufthansa, and Thales Avionics. The Bluzelle team, based in Singapore and Vancouver (Canada), has received the Technology Pioneer Award from the World Economic Forum and has been recognized by Forrester as a blockchain vendor in Asia.

Market

United Kingdom Market Stats

Market cap

£116.2M

Volume (24h)

£4.7M

Circulating supply

428.1M BLZ

Typical hold time

13 days

Popularity

#343

All time high

£0.73

Price change (1h)

+0.3%

Price change (24h)

0%

Price change (7d)

-13.38%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Bluzelle on social media

62 unique individuals are talking about Bluzelle and it is ranked #1,074 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bluzelle has an average sentiment score of 3 out of 5. Finally, Bluzelle is becoming more newsworthy, with 0 news articles published about Bluzelle. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Bluzelle. There were 75% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Bluzelle. 25% of tweets were neutral about Bluzelle. These sentiments are based on 3 tweets.

On Reddit, Bluzelle was mentioned in 37 Reddit posts and there were 46 comments about Bluzelle. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

62 people

Volume rank

#1,074

Average Sentiment

3 out of 5

Twitter

Reddit

Posts

37

Comments

46

Post Score

560

Comment Score

519

Bluzelle is on the decline this week.

The current price is £0.27 per BLZ with a 24-hour trading volume of £4.68M. Currently, Bluzelle is valued at 62.62% below its all time high of £0.73. This all-time high was the highest price paid for Bluzelle since its launch.

The current circulating supply of Bluzelle is 428,076,890.728 BLZ which means that Bluzelle has as total market cap of 428,076,890.728.

FAQ

What is the current price of Bluzelle?

We update our Bluzelle to GBP currency in real-time. Get the live price of Bluzelle on Coinbase.

What is the market cap of Bluzelle?

The current market cap of Bluzelle is £116.23M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bluzelle?

The all-time high of Bluzelle is £0.73. This all-time high is highest price paid for Bluzelle since it was launched.

What is the 24 hour trading volume of Bluzelle?

Over the last 24 hours, the trading volume of Bluzelle is £4.68M.

What other assets are similar to Bluzelle?

Assets that have a similar market cap to Bluzelle include Yield Guild Games, Syntropy, BORA, and many others. To see a full list, see our comparable market cap assets.

How many Bluzelle are there?

The current circulating supply of Bluzelle is 428 million.

What is the typical holding time of Bluzelle?

The median time that Coinbase customers hold Bluzelle before selling it or sending it to another account or address is 13 days.

What is the relative popularity of Bluzelle?

Bluzelle ranks 177 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bluzelle?

Currently, 77% of Coinbase users are buying Bluzelle. In other words, 77% of Coinbase customers have increased their net position in Bluzelle over the past 24 hours through trading.

Can I buy Bluzelle on Coinbase?

Yes, Bluzelle is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bluzelle guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024