Collateral Network (COLT) has received interest from the cryptocurrency community since it entered presale with forecasted growth of over 3500%. Recently, Cronos (CRO) and Toncoin (TON) holders are at the forefront of crypto holders who are acquiring more of the token, COLT. What is responsible for their interest in the COLT token?
Toncoin (TON): Layer-1 Blockchain Loses Value to Investors’ Dismay
Toncoin (TON) is one of the most touted crypto projects. Toncoin (TON) is a decentralized layer-1 blockchain developed by the Telegram team in 2018.
Initially named Telegram Open Network, The Toncoin (TON) foundation renamed it The Open Network, hoping to turn it into the biggest thing in the crypto space.
Toncoin (TON) was designed as an ecosystem with decentralized services, an anonymous network, decentralized storage, an affordable and swift transaction process, an instant payment platform, and a host of other features that will make Toncoin (TON) a great crypto project.
Contrary to expectations, however, Toncoin (TON), the TON network’s native cryptocurrency, has failed to deliver. Toncoin (TON) depreciated from $5.84 to $2.07 within a year, losing over three-fifth of its value in the process. If Toncoin (TON) can see continued development, it may resurge in the future.
Cronos (CRO): Financial Services Token Falls
Cronos Chain is a decentralized and open-source blockchain for the trading, payment, and financial services company, Crypto.com, on which operations are driven by its native cryptocurrency, Cronos (CRO).
Cronos (CRO) was designed to facilitate the global adoption of digital currencies and gives Cronos (CRO) users more control over their money in addition to protecting their identities and safeguarding their data with Cronos (CRO).
A year ago, Cronos (CRO) reached an all-time high of $0.9698 before Cronos (CRO) devalued gradually and hit its current low value of $0.05638 for Cronos (CRO).
Collateral Network (COLT) Continues Appreciation and Attracts More Investors
Collateral Network (COLT) is a crowdlending platform based around physical assets. Collateral Network (COLT)has continued to rise despite the huge depreciation that swept across the crypto market recently.
The Collateral Network (COLT) platform is created for borrowers to have easy access to funds from lenders who provide fractional loans for borrowers at a fixed interest rate using fractionalized NFTs.
Lenders can buy fractions of these NFTs to fund the loans and earn interest on their capital.
For instance, a user owning $200,000 worth of property may take a short-term loan backed by the property. The Collateral Network (COLT) team will mint NFT which is backed by the man’s property, and sell it fractionally to lenders in order to fund the loan. This enables groups of lenders to ‘crowdlend’ and earn a fixed rate of interest.
COLT token holders are eligible for a large number of benefits and perks in the ecosystem, like staking benefits, governance rights and more.
The COLT token is expected to hit 3500% its initial price very soon, as a result of the massive demand surrounding the Collateral Network (COLT) project.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
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.
