Presale Run of Collateral Network (COLT) Price Surges as Tezos (XTZ) and Dogecoin (DOGE) Rally Stalls

Collateral Network (COLT), a hybrid crowdlending platform that utilizes blockchain technology and physical assets to facilitate lending, has raised approximately $250k in the first few weeks of its presale by allowing borrowers to obtain loans against their tangible assets. The network accepts and authenticates the physical assets of borrowers like fine art, rare whisky, supercars, etc., mints NFTs that represent the assets, and enables lenders to lend funds by purchasing these digitized NFT fractions of the real-world items with small sums of money. The network eliminates middlemen, bringing transaction fees down and mitigating fraud. Collateral Network (COLT) is powered by COLT tokens, and COLT holders will receive a range of benefits, including voting rights, discounts, and staking rewards. Currently, the market value of COLT tokens for the ongoing first presale phase is $0.01, and it is expected to see a surge of 35x by the end of the presale. Investors have shown more interest in tangible utility projects, and Collateral Network (COLT) offers a unique use case that differentiates it from Tezos (XTZ) and Dogecoin (DOGE), which have not performed as well recently despite introducing new developments and upgrades.

Read the complete article

(Visited 5 times, 1 visits today)

About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar