Collateral Network is reshaping DeFi as Fantom and Polkadot falter

Collateral Network (COLT) has grabbed all the market attention with its unique utilities and growth prospects, and market experts have predicted a boom for the token in 2023. Hence, bulls have been racing to secure their COLT tokens and earn a 100x profit in 2023.

On the contrary, Fantom (FTM) and Polkadot (DOT) have failed to attract investors, although they have taken some development steps. Let’s see what makes Collateral Network a hot investment and why you shouldn’t miss investing in it.

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Fantom (FTM) begins application process for Hackathon

Fantom has started accepting applications for the Fantom Hackathon Q2 2023. With this event, Fantom aims to attract the best talents in the market. Participants of the hackathon will have to build new dApps that can integrate with the Fantom mainnet.

Fantom’s hackathon event has been sponsored by AWS Startups and Covalent. Fantom will accept submissions for different dApps categories, including GameFi, NFTs, Trading, and more. With this event, Fantom´s aims to increase the activity on its network, which has been tumbling for a long time.

Consequently, the price of Fantom (FTM) has come down to $0.37 after plummeting by 18% in the past month.

Polkadot (DOT) plans to increase active Validators

Polkadot (DOT) has proposed a plan to raise the number of active validators on the network to 400 from 297 in a month. With this, Polkadot aims to reduce the amount of DOT tokens needed to acquire a validator.

The Polkadot community is also convinced by the proposal and hopes to see a revival in the tumbling value of DOT. The price of Polkadot (DOT) has plummeted by 13% in the past month. As a result, Polkadot (DOT) is currently changing hands at $5.35.

Besides introducing upgrades, the Polkadot network has been increasing its ecosystem as well. Recently, a top consulting firm, Deloitte, partnered with Kilt protocol, which is based on the Polkadot network.

Collateral Network (COLT) Pre-sale is Booming

Collateral Network is a one-of-kind blockchain platform that aims to allow users to unlock liquidity against their physical assets. Traditional financial institutions do not accept non-traditional assets, like fine wines, art, watches, and vintage cars, as collateral. But Collateral Network allows borrowers to unlock liquidity against such assets without hassle.

Users can send their real-world assets directly to Collateral Network from any part of the world. Upon receiving assets, the platform’s internal team will perform a quality and value assessment. Next, it will store assets in its secure vaults after minting fractional NFTs against them. These NFTs are put on sale in a decentralized marketplace, where investors purchase them to fund loans for borrowers. In return, lenders receive a weekly passive income from the interest that the loan generates.

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On Collateral Network, borrowers can get a loan at a competitive interest rate and reclaim the physical possession of their assets after setting their loans and interest. If any borrower defaults on their loans, their collateralised assets are sold in private auctions to recover the funds of investors. COLT token holders have some benefits, including access to auctions, of distressed items and discounts on borrowing/trading fees.

Collateral Network’s presale has gained massive popularity and has become the best investment option in the crypto arena. The tokens are currently priced at $0.014 but are predicted to soar by 3500% – from their original price of $0.001 –  before the end of the presale round. They are also pegged to surge by 100x after getting listed on crypto exchanges. With such predictions, now is the best time to acquire COLT tokens.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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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