Helium (HNT) and Polkadot (DOT) have seen remarkable growth of late following new integrations on the platforms. But investors are not satisfied as they move to new projects with practical use cases like Collateral Network (COLT), which has a 3500% growth prediction.
What is Helium network?
Helium (HNT) is a decentralized blockchain platform for Internet of Things (IoT) devices. Since 2019, Helium has enabled low-powered wireless devices to communicate with each other and send data across its network of nodes.
Recently, Helium successfully migrated to the Solana blockchain to serve its community better. Since the migration, more than six billion IOT tokens have been minted on the Helium platform.
IOT tokens are the protocol tokens of the Helium Internet-of-things network. They are mined from hotspots on the network. These tokens are backed by the Helium (HNT) token and can always be converted to it, with the redemption rate being set algorithmically by the treasury swap contract.
The Helium (HNT) token has also benefited from the migration, rising by 4% in the past week and now trading at $1.82.
Is Polkadot a good investment?
Polkadot (DOT) is a unique platform that enables various blockchains to interact with each other. Polkadot helps crypto projects across the globe to achieve unparalleled interoperability. As a result, Polkadot has attracted many investors over the years.
On April 26, MeWe, a social network dubbed Facebook alternative, announced plans to integrate with the Frequency blockchain network, a parachain of Polkadot. This is in line with the company’s permanent commitment to data ownership for users.
Additionally, Mandala Metaverse, an upcoming cross-chain augmented reality (AR) game, has chosen Polkadot parachain Astar Network to host its first major NFT drop – Cryptonauts on April 28. The NFTs depict various avatars that will serve as playable characters in the game.
However, these announcements have not exactly spiked the value of Polkadot (DOT), which has only seen a mere 0.3% increase in the past 30 days. Therefore, Polkadot (DOT) investors are seeking more profitable projects like Collateral Network (COLT).
Collateral Network (COLT) a class apart
Collateral Network (COLT) is a crowdlending crypto platform that sets itself apart from the competition through its advanced NFT feature and focuses on real-world assets. Built on the Ethereum blockchain, Collateral Network allows users to borrow cash loans against their physical assets, providing a seamless borrowing experience and curbing investment risks for both borrowers and lenders.
Unlike traditional lending methods, which can be exhausting and cumbersome, and crypto lending, which often limits borrowers to volatile digital assets, Collateral Network evaluates physical assets and mints them into fractionalized NFTs, which multiple lenders can pay for with small amounts. This process allows multiple lenders to fund a particular loan, providing borrowers with faster liquidity while lenders earn a fixed interest rate.
To interact with the platform, users require the COLT token, which is currently available for purchase in the ongoing presale at $0.014. Experts predict a potential rise of up to 3500% in the value of the Collateral Network token, making it an attractive opportunity for interested investors.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Telegram: https://t.me/collateralnwk
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