By Guest Writer • 29 May 2023 • 10:14
The crypto landscape is changing with the advent of new technologies and projects. The latest event that has pumped the crypto world is the Collateral Network (COLT) presale. As per analysts’ predictions, Collateral Network could become one of the biggest cryptocurrencies in the market. Therefore, its presale tokens are getting locked rapidly. Even the investors in Aave (AAVE) and TRON (TRX) eagerly want COLT tokens before they get sold out.
Aave has deployed its Version Three on MetisDAO, an Ethereum Layer-2 scaling platform. All Aave holders, who voted on the proposal, supported V3’s deployment on the Metis Network. The Aave community hopes that this move will help the network access more liquidity.
Aave has been actively integrating its V3 with several blockchain networks. Earlier, Aave had passed a proposal to deploy its Version Three on Polygon’s zkEVM. However, the price movement of Aave has not supported the latest development.
Aave’s (AAVE) market value has plunged 14% in the past month. As a result, Aave (AAVE) is currently available to trade at $64.45.
The TRON network has partnered with a leading data analysis platform, Footprint Analytics, which links Web2 and Web3. Under this partnership, TRON would be able to use Footprint Analytics’ expertise in enhancing data security, usability, and transparency.
Meanwhile, the TRON network has been witnessing a surge in its network growth. According to the data from Artemis, TRON had the largest daily active user base at press time, i.e., 2.36 million, leaving BNB Chain (1.35 million), Ethereum (320k), and Solana (451k) behind.
Consequently, the price of TRON has also received a positive push. The market value of TRON has surged by over 3% in the past month. At press time, TRON (TRX) is trading at $0.0686. Experts believe that rising network activity can pump TRON’s price further.
Collateral Network simplifies unlocking liquidity against physical assets. It is a Web3-based crowdlending platform that allows people to unlock liquidity against their non-traditional assets, like diamonds, fine wine, vintage cars, and other collectibles. Collateral Network mints fractionalized non-fungible tokens (NFTs) against tangible assets of borrowers from across the globe.
To unlock liquidity, a borrower needs to send its physical asset to the Collateral Network team. The platform uses an innovative artificial intelligence-based mechanism to evaluate and authenticate your assets. Following this, Collateral Network generates fractionalized NFTs against the assets and sells them in a decentralised marketplace. The platform will store your assets in its vaults, which will be returned back once you repay the loan.
Investors, who purchase the NFTs to lend funds to borrowers, will receive a passive income every week from the interest generated by the loan. The native crypto of Collateral Network, COLT, has been developed on Ethereum, with its smart contract fully audited. The COLT team has also been fully doxxed. The token holders will get benefits, such as discounts on trading fees, governance rights, and access to auctions of distressed assets.
Since Collateral Network has so many use cases, their demand and market acceptance has reached a new height. Market bulls are purchasing a large number of COLT tokens. The current price of a Collateral Network token is $0.014. The market value of the platform is expected to soar by 35x during the presale round and 100x after the token’s launch on exchanges. Therefore, now is the best time to buy COLT tokens before the price surges.
Find out more about the Collateral Network presale here:
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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