Smart investors always go for crypto projects with high growth potential. While key players like Aptos (APT) and Avalanche (AVAX) fail to impress investors, Collateral Network (COLT), a new lending protocol, has emerged to reward users with up to 35x returns.
What is Aptos crypto?
Aptos (APT) is a fast, secure, and energy-efficient Layer-1 blockchain that quickly gained mainstream adoption because of the popularity of its developers, who are former Meta employees. Also, the Aptos airdrop that was worth about $200m aided its rise.
Recently, Binance established liquidity pools for Aptos, boosting its popularity. But mistrust and accusations of scams have also accompanied the quick rise of Aptos, causing it to lose traction. In the past week, Aptos has seen an 11% price decline. Also, the Aptos trading volume has been consistently dropping in the same period. As of the time of writing, Aptos (APT) is trading for $10.10, a decrease of nearly 5% in the past day alone.
What is Avalanche crypto?
Avalanche (AVAX) is also a Layer-1 blockchain for launching smart contracts. Avalanche enables the building of decentralized applications and custom blockchain networks. Impressively, Avalanche is designed to offer a high throughput of >6000 TPS without compromising scalability.
The Avalanche (AVAX) token is used for staking and transaction fees. Avalanche started 2023 well, breaking a negative pattern in just two weeks. However, it seems the Avalanche (AVAX) price is repressing. Avalanche (AVAX) is currently trading at $17.42, which is an 8% drop in the past seven days.
Collateral Network (COLT)
Collateral Network (COLT) is the hottest newcomer in the DeFi space. Built on the Ethereum blockchain, Collateral Network is a crowdlending protocol where users can leverage their physical assets, such as gold, real estate, or art, as collateral to unlock liquidity.
How? Collateral Network mints an NFT that represents the borrower’s asset, which is secured in a vault for the loan duration. This ensures that the NFT is 100% asset-backed and trustworthy. The icing on the cake is that the NFT is fractionalized into smaller fractions so that a large number of lenders can invest small amounts of capital and fund the loan.
Let’s assume you own a gold pendant worth $50k, and you need to raise capital quickly. By depositing your pendant with Collateral Network, their team will authenticate and value the asset and mint an NFT to represent it. Subsequently, the NFT is fractionalized and made available to a pool of lenders to fund the loan. These lenders profit from interest payments.
Upon loan repayment, the NFTs are burned, and your asset is returned to the borrower. In the case of default, the assets are auctioned off to holders of the COLT token.
This is how Collateral Network is disrupting the traditional lending industry by making it more accessible, democratic, and secure. Experts predict a 3500% surge in the project. Take advantage of the ongoing presale, with the price of the COLT token at $0.014.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
