Place/Date: - April 6th, 2023 at 11:02 am UTC · 4 min read
Source: Collateral Network
Several cryptocurrencies have made their way to the headlines lately. However, the one that has captured all the limelight is Collateral Network (COLT). The presale of Collateral Network (COLT) is subscribing fast. Experts believe that Collateral Network’s (COLT) presale will be oversubscribed before the due date, with at least 3500% growth expected before the presale ends.
Meanwhile, KuCoin (KCS) and Polygon (MATIC) are slowing down. If you are looking for crypto projects that can turn your $100 into millions, Collateral Network (COLT) is the answer. Read along to know why.
KuCoin (KCS) has announced the launch of a cloud mining partner recruitment program. Under this program, KuCoin (KCS) aims to recruit individuals with impeccable talent in the Bitcoin mining industry. After the fall of the FTX exchange, KuCoin (KCS) has actively been involved in community development programs.
This seems like a viable option considering how KuCoin (KCS) is faced with regulatory attacks in the US. The trading price of KuCoin (KCS) has plunged by 8% in the past week. KuCoin (KCS) is currently trading at $8.29, about 71% below its peak price of $28.80. Indeed, market conditions may not be easy for KuCoin (KCS) in the near future as US regulators are coming heavy-handedly on crypto exchanges. Hence, investors are not sure whether KuCoin (KCS) will ever touch it’s all-time high again, making it a risky investment.
As the bears have been suppressing Polygon (MATIC) on the price chart, the blockchain network has resorted to forging new partnerships to stay afloat. Recently, Wakweli, an NFT certification protocol, signed a strategic partnership with Polygon (MATIC). Under this association, all digital assets on the Polygon (MATIC) network will become compatible with the certification system of Wakweli.
Earlier, Metaking Studios had joined hands with the Polygon (MATIC) network for the launch of its new game. Polygon (MATIC) promised to provide scaling solutions to Metaking Studios. Meanwhile, the price of Polygon (MATIC) has nosedived by 11% in the past month. Polygon’s (MATIC) price is $1.09, at press time. Thus, Polygon (MATIC) is about 63% below its peak of $2.92. However, given the lack of profitability, bulls are turning away from Polygon (MATIC) for better projects like Collateral Network (COLT).
After the fall of big banks like Silvergate Capital and Silicon Valley Bank, people have become apprehensive about traditional institutions. This FUD (fear, uncertainty, and doubt) has clouded the lending market as well. But Collateral Network (COLT) has come as a savior. By raising more than $350k in its launch month, this innovative token has stirred the global crowdlending market with its web3 peer-to-peer platform.
Collateral Network (COLT) is a state-of-the-art crowdlending project offering its users quick access to loans in a hassle-free and timely manner. On Collateral Network (COLT) people can use several kinds of assets as collateral to generate cash. Collateral Network (COLT) creates non-fungible tokens (NFTs) against physical assets that borrowers own.
After minting non-fungible tokens (NFTs) against a mortgaged asset, loans are granted to borrowers at competitive rates. Collateral Network (COLT) helps both lenders and borrowers meet their financial goals. Collateral Network (COLT) has plans to organize private and metaverse auctions of distressed physical assets.
While Collateral Network’s presale has started at a price of $0.01, the market value of COLT tokens is expected to surge to $0.35 before the conclusion of the presale. If users buy their COLT tokens during the ongoing Beta stage of the presale, they will receive a 50% deposit bonus. Presale COLT tokens also provide access to the much-desired VIP Members Club. Additionally, holders can stake their COLT tokens to receive a passive income.
Find out more about the Collateral Network here: Website, Presale, Telegram, Twitter.
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