While Stellar (XLM), Fantom (FTM) and Collateral Network (COLT) are the focus of investors, not every project has been able to convince them. Collateral Network (COLT) has started its presale phase, and the project is set to grow at the rate of 35x during the same.
Amid the prevailing bearish market, Stellar (XLM) has been trying to support innovative projects on its network to expand the use cases for its blockchain. Notably, Stellar (XLM) has invested about $1 million in several nascent projects last year.
Meanwhile, Stellar (XLM) is also counting on the SEC’s lawsuit against Ripple, which offers similar services. However, all its efforts have not been fruitful yet, as the price of Stellar (XLM) has remained stagnant since December of 2022. Currently, Stellar (XLM) is being traded at $0.09326.
Stellar (XLM) is a blockchain platform whose primary goal is to facilitate transactions in different currencies. Stellar (XLM) has partnered with many financial institutions, such as Deloitte, IBM and Stripe. Stellar (XLM) was built to provide banking services in a decentralized manner.
In an encouraging event for its investors, Fantom (FTM) recently announced that the yearly growth of daily transactions on the network reached 131% between 2021 and 2022. This performance review of Fantom (FTM) was posted on Christmas Eve. Fantom (FTM) has witnessed a rise of 32.98% in the last month. Currently, Fantom (FTM) is being traded at $0.6042.
Fantom (FTM) is a blockchain-powered platform that aims to assist decentralized applications (dApps). Fantom (FTM) offers an open-source network that developers can utilize and customize as per their needs.
Fantom (FTM) has implemented asynchronous Byzantine fault tolerance (aBFT), a consensus mechanism that enhances the speed and throughput, and allows transactions to be processed non-simultaneously.
Collateral Network (COLT) is the first-of-its-kind blockchain platform related to lending and borrowing cryptocurrencies. Through Collateral Network (COLT), borrowers can easily unlock cash from their physical assets using blockchain technology. Collateral Network (COLT) allows people to borrow cryptocurrencies against their physical assets without selling them.
Collateral Network (COLT) mints fractional NFTs against borrower-owned physical assets. On Collateral Network (COLT), investors can buy these fractional NFTs and fund the loans for people needing them. Moreover, the process of borrowing on Collateral Network (COLT) gets completed quickly, as people can encash their physical assets within 24 hours. Another benefit for Collateral Network (COLT) users is they can borrow on the platform without leaving any footprint on their credit file.
For lenders, Collateral Network (COLT) offers many advantages as people can lend funds by purchasing fractional NFTs. Since these NFTs are backed by real-world assets, they are automatically immune to market speculations and hype, and their prices remain stable. The platform also allows investors to provide fractional loans to borrowers at a pre-agreed fixed interest rate. Noticeable is the fact that lenders will receive a fixed income every week on Collateral Network (COLT). The liquidity pool of the platform will be locked for 33 years.
COLT is the native crypto of the Collateral Network (COLT) ecosystem, which consists of marketplace, auctions and crowdlending. The initial trading price of COLT tokens during the presale is $0.01. Market analysts have predicted the value of Collateral Network (COLT) to rise by 35x in the next six months.
According to the whitepaper of Collateral Network (COLT), the platform will supply a maximum of 1,400,000,000 COLT tokens, of which 50% will be available to purchase during the presale round. Buyers of COLT tokens will get many benefits, including access to the VIP members club, voting rights and discounts on borrowing and trading fees.
Find out more about the Collateral Network presale here:
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