How to buy Polkadot (DOT) and Collateral Network (COLT)

As the cryptocurrency market continues to diversify and expand, two digital assets are drawing considerable attention from investors: Polkadot (DOT) and Collateral Network (COLT). This article will delve into what makes these two coins unique and offer some insights into how you can add them to your investment portfolio.

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Exploring Polkadot (DOT)

Polkadot is an innovative protocol in the crypto-verse. Its design is made to connect multiple specialized blockchains into a single, unified network. The open-source sharded multichain protocol is a brainchild of Dr. Gavin Wood, Robert Habermeier, and Peter Czaban, operating under the umbrella of the Web3 Foundation.

Polkadot’s structure enables it to facilitate cross-chain transfers of any data or asset types, thereby making the blockchains interoperable. This provides a foundation for a decentralized internet, known as Web3. Users control it and simplify the creation of new applications, institutions, and services.

For those interested in stepping into the Polkadot ecosystem, the first logical step would be purchasing the native token, DOT. Here’s a step-by-step guide on how to buy Polkadot on Coinbase:

1. Create a Coinbase account: Begin by signing up on Coinbase or downloading the Coinbase app. You’ll need a valid ID and potentially proof of address to transact. Verification might take more than a few minutes, depending on your location.
2. Add a payment method: Once your account is set up, navigate to the payment method box and connect your preferred method. Options include bank accounts, debit cards, or wire transfers.
3. Initiate a trade: On the Coinbase.com site, select ‘Buy & Sell.’ If you’re using the Coinbase mobile app, tap the (+) ‘Buy’ on the Home tab.
4. Select Polkadot from the list of assets: On Coinbase.com, click on the ‘Buy’ panel to search for and select Polkadot. If you’re using the app, search by typing ‘Polkadot’ into the search bar.
5. Enter the amount you wish to buy: Input the amount you wish to spend in your local currency. The app will automatically convert this into Polkadot.
6. Finalize your purchase: Once you’re ready, tap ‘Preview buy’ to see the details of your purchase. If everything looks correct, confirm your purchase by clicking ‘Buy now.’
7. Done: You’ll be redirected to a confirmation screen once the order processes. Congratulations, you’ve just bought Polkadot!

Polkadot is unique for its scalability, facilitated by its ability to process transactions on several chains in parallel. It also allows automatic upgrades without the need for a fork and possesses a sophisticated user-driven governance system where all token holders have a say in how the network is run.

The Impressive Collateral Network (COLT)

Collateral Network is the first project to mint NFTs against physical assets and fractionalize them to unlock liquidity on-chain. This unique feature allows borrowers to obtain crypto loans against tangible assets like real estate, fine art, vintage cars, and more. The NFTs represent the physical assets, providing a 100% asset-backed guarantee.

All contractual information, including borrowing terms, is stored on the blockchain. This ensures transparency and immutability, preventing any alteration or manipulation of the agreements. Borrowers and investors on Collateral Network can trust the integrity of the contracts, creating a fair and secure lending environment.

For those ready to step into the next generation of lending platforms with Collateral Network, the first step would be acquiring the native token, COLT. Here’s a step-by-step guide to buying COLT:

1. Get Started: You’ll need a DeFi wallet, such as Metamask or Trust Wallet, or any wallet Wallet Connect supports. On a desktop, Metamask is recommended.
2. Initiate the Purchase: Start the process by clicking on the ‘Buy Pre-Sale’ button. Create an account by entering all the necessary details.
3. Select Payment Method: Select the token you want to use to buy COLT. Remember to make a purchase of at least $25.
4. Confirm Payment: After confirming the amount and payment method, click on ‘Pay Using Cryptocurrency.’
5. Send Payment: The system will ask to send the BNB amount to the provided address. Copy the address, log into your Metamask wallet (ensure you have at least $25 worth of BNB), click on ‘Send,’ and paste the address copied earlier.
6. Enter Amount: Input the same amount in BNB as instructed and click on ‘Next.’
7. Confirm Transaction: Your wallet provider will ask you to confirm the transaction and will also display the cost of gas.
8. Complete Purchase: COLT tokens will appear on your dashboard after the payment is successfully made and approved by the team.

Collateral Network is currently in its presale, with analysts saying it could see a 3500% (35x) surge before it is over. The expectations are due primarily to rewards to early investors. Thanks to its innovative features, COLT will likely be 100x when it lists on major exchanges. The COLT token is currently available at $0.014.

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

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.