The Collateral Network (COLT) presale is now live, with thousands of investors flocking to take part in the sale, the returns are forecasted at 3500%. But while the presale is in full swing, two of the most popular cryptocurrencies on the market, Binance (BNB) and TRON (TRX), are falling further.
Created in 2017, Binance (BNB) is one of the most popular and widely used crypto exchanges in the world. Binance (BNB) rose to success during the 2017/18 bull run and has been the go-to choice for many crypto traders ever since.
But while Binance (BNB) has seen huge success, the project is finding itself at the center of controversy lately. The CEO of Binance (BNB) recently made the world aware of FTX’s insolvency issues, which resulted in FTX declaring bankruptcy and leaving investors with empty wallets.
The spotlight is now on Binance (BNB) and investors are starting to question how centralized exchanges use customer funds. These events caused the value of BNB, the native token of Binance (BNB), to drop around 20% in the last two weeks. Binance (BNB) needs to address concerns and restore investor confidence if they wish to remain in the top 10 cryptos by market cap.
TRON (TRX) is a platform that aims to decentralize the web by allowing content creators and developers to build applications on its blockchain infrastructure. The TRON (TRX) project saw huge success during the bull run of 2018, however, TRON (TRX) has had difficulty maintaining its momentum in recent times.
It seems like every day that a new layer-1 project emerges, promising to revolutionize the blockchain industry even further. With so much competition in the market, TRON (TRX) is struggling to remain relevant and usage of the TRON (TRX) platform has been declining.
Despite this dip, TRON (TRX) is still pushing forward and attempting to compete with the competition. For example, Dominica will use TRON (TRX) technology for a range of applications, including payments and data management.
Collateral Network (COLT)
Loans can provide a quick and convenient source of funds, but they also carry risks such as high-interest rates and the need for credit checks that may impact privacy. If only there was a way to access funds without the risks associated with traditional loans. Thankfully, Collateral Network (COLT) is here to provide the answer.
Collateral Network (COLT) is a decentralized platform that offers low-cost, secure loans backed by physical assets as collateral. These assets, used by a borrower as collateral, such as a watch or artwork and can be used to secure loans without the need for credit checks. This is possible by minting the assets as fractionalized NFTs.
The use of NFTs means that the asset is broken down into fractions, which allows more lenders to participate in the loan, even if they have minimal capital to invest. By purchasing the NFT fractions, lenders can come together to fund the loan, and earn a share of the interest paid by the borrower. The Collateral Network (COLT) platform also eliminates the need for a third-party intermediary, reducing transaction costs and streamlining the loan process.
Holders of COLT tokens are eligible for discounted fees when using the Collateral Network (COLT) platform for trading or borrowing. These Collateral Network (COLT) tokens can also be placed in the official wallet for the opportunity to earn passive income through staking. As the usage of the Collateral Network (COLT) platform grows, so will the demand for COLT tokens.
With only 50% of the supply available and a price of $0.01 per COLT token during the presale phase, it’s easy to see why so many investors are eager to get involved ahead of the forecasted 3500% price increase. Major exchange listings are next on the roadmap, and the potential for immediate returns for Collateral Network (COLT) is huge.
Find out more about the Collateral Network presale here:
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