The blockchain world has grown enormously in the last few years, with new projects coming every day. It has introduced the world to a new face of finance, revolutionizing outdated industries worldwide. But what about the users who want to keep their assets safe and still need a loan?
Collateral Network emerges as a solution to this problem. With Collateral Network (COLT), users can take out loans using their physical assets with more security, transparency, and ease. Notably, COLT tokens are worth only $0.01 to buy during the presale and are forecasted to see a colossal 3500% price increase.
Collateral Network (COLT) considers using NFT and blockchain technology to solve a real-world problem rather than using it for creating games like Axie Infinity (AXS) and Flow (FLOW), which only serve entertainment purposes.
Time out for Axie Infinity (AXS)
Axie Infinity was once known as the most popular play-to-earn blockchain NFT game, but its appeal has faded. Axie Infinity has been plummeting for a year now. After surviving the $620 million hack in February 2022, Axie Infinity (AXS) has dropped to $6.01 from $96.51 in a year and is yet to recover from the losses.
Despite being the most lovable game of 2021, very few in 2022 were interested in playing Axie Infinity. Its developers are trying hard to attract users by making new updates and introducing new features to the game, but nothing seems to be working for them.Â
Currently trading at $10.91, Axie infinity (AXS) is down from its all-time high of $165.37. In the bear market, it appears difficult for Axie infinity to perform as expected.
Investors are suggesting not to go with Flow (FLOW)
Flow is a layer-1 blockchain solution to create NFTs and Web3 games. The recent dip in the market has pushed Flow to trade only just above $1. Currently trading at $1.33, Flow (FLOW) is down from its all-time high of $46.16.
FLOW has dropped by 35% in the last month. Amid the continued price drop, the trading volume of Flow is also down in the past 24 hrs.
While Flow is expected to rise as the adoption of Metaverse grows, experts suggest people migrate to other strong, realistic projects like Collateral Network. At the time of writing, Flow (FLOW) has been down for the last 24hrs.
Collateral Network (COLT): The first-ever Blockchain-based crowdlending platform for NFTs
Collateral Network is a blockchain-based crowdlending platform that utilizes NFTs to allow borrowers to unlock cash against physical assets. Bringing much-needed decentralization to the archaic lending industry, COLT has seen significant growth and attention in its short presale.
Traditionally, those needing a loan are often met with significant hurdles, depending on their country, credit, or eligibility. For time-sensitive matters that require urgent capital, this can be devastating. However, Collateral Network (COLT) provides a peer-to-peer solution.
>>BUY COLT TOKENS NOW<<
Borrowers can use their assets like vintage wines or fine art as collateral by minting them as fractionalized NFTs which can be sold to lenders to fund the loan, thereby earning lenders a fixed interest rate. In contrast, the borrower unlocks cash from their assets more quicker.
The project’s native COLT token grants holders various benefits ranging from staking bonuses to discounts, governance rights, and even access to exclusive VIP groups.
Currently, 1 COLT token is valued at $0.01 and is expected to rise by 3500% in the next few months. Now is the time to get involved with this top-tier presale before the tokens sell out.
Find out more about the Collateral Network presale here:-
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/registerÂ
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/CollateralnwkÂ
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