Collateral Network (COLT) Sees Massive Spike in Presale Activity While Enjin Coin (ENJ) and Flow (FLOW) Slow Down With Their Growth In Value
Collateral Network (COLT) is a new cryptocurrency aiming to disrupt the traditional lending space by utilising blockchain technology to facilitate crowdlending. The platform allows anyone to borrow capital against physical assets they own in the real world, including real estate, fine art, vintage cars, gold, fine wines, watches, diamonds, and more. The platform sends the assets to COLT, where it gets valued and authenticated. Then, a non-fungible token (NFT) is minted to represent the asset, making it backed 1-1. The NFT is then fractionalised into smaller pieces that anyone on a global scale can access. This enables lenders globally to fund the borrower’s loan and earn a fixed interest rate. COLT is the native token used within the platform, and each token holder can access numerous benefits, including auctions, reduced borrowing costs, and governance and staking rewards. Experts predict that the value of COLT, which has seen a price surge from $0.01 to $0.014, can increase by 3500%, reaching $0.35 within the following months.
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