The post 3 Top Game-changing Cryptos Redefining Industries – RenderToken (RNDR), Lukso (LYXE) and Collateral Network (COLT) appeared first on Coinpedia Fintech News
RenderToken (RNDR), Collateral Network (COLT) and Lukso (LYXE) are all game-changing projects that are redefining the way industries operate. Notably, Collateral Network (COLT) is currently in its presale phase, offering a prime opportunity to buy COLT tokens for only $0.014.
Collateral Network (COLT)
Collateral Network (COLT) is revolutionizing the multi-billion dollar crowdlending landscape with a groundbreaking web3 platform that cuts down the red tape, expenses and risks commonly associated with traditional borrowing against physical assets such as fine art and luxury timepieces.
Collateral Network (COLT) achieves this through its decentralized lending protocol, where borrowers can use their off-chain tangible assets as collateral to obtain loans on the blockchain. This is achieved by minting an NFT that represents these tangible assets (asset backed NFT) and then divides it into fractions through fractionalization.
Lenders on Collateral Network then fund various parts of the loan based on their capacity and risk appetite, generating a passive income in the process, which is paid out weekly.
Lenders no longer have to contend with high minimum loan amounts and strict lending criteria or approvals. Now everybody with a crypto wallet can become their own bank regardless of location or ethnicity.
The native token of the platform is the COLT token. Holders receive preferential borrowing rates, passive income staking rewards. However, the most valuable perk is the exclusive access to the private auctions (only for COLT token holders) where the community has the opportunity to purchase distressed assets at below market value. Imagine being able to purchase a Rolex or Ferrari without the current market premiums associated with these items.
The COLT presale is currently underway, with tokens available for just $0.014 each. With only 38% of the total supply available during the presale, huge demand, team tokens locked for a three-year period, and the liquidity pool locked for 33 years. It is clear why market analysts are encouraging investors to seize this opportunity and participate in the presale now before prices reach expected 35X levels.
Another industry-defining project is Lukso (LYXE), which is building a blockchain ecosystem focused on the fashion industry. Lukso (LYXE) brings NFTs and decentralized finance (DeFi) to the world of fashion and clothing, allowing brands to create digital collectibles with verified provenance.
Lukso (LYXE) experienced an incredible 8,000% growth during the 2020/21 cryptocurrency boom. This rapid ascent can be attributed to the trust and respect the crypto community has for the Lukso (LYXE) creator, Fabian Vogelsteller, who is also behind the widely-adopted ERC-20 standard.
Fabian has now developed another groundbreaking token standard, known as ERC-725. Given his previous accomplishments, it’s quite possible that Lukso (LYXE) could become the go-to DeFi platform for the fashion industry.
Lukso (LYXE), at the time of writing, is valued at $12.82, boasting a remarkable 57% increase since the beginning of 2023. Many observers believe that this upward trend is likely to persist as Lukso (LYXE) continues to gain momentum in the crypto space.
Render Token (RNDR)
Imagine a virtual marketplace where people can access powerful computer graphics processing services, known as GPU rendering. RenderToken (RNDR) functions as the backbone of this marketplace, connecting users who need rendering services with those who have the necessary GPU resources to offer.
RNDR tokens serve as the native currency on the RenderToken (RNDR) network, enabling users to purchase rendering services while rewarding GPU owners for their contribution. The RenderToken (RNDR) network has seen explosive growth, with its value skyrocketing by over 400% in under two months.
The RenderToken (RNDR) major price appreciation is a testament to major endorsements from tech giants, like Apple and Nvidia. Both of these companies plan to use RenderToken (RNDR) as part of their new GPU-accelerated cloud services.
With such powerhouse companies behind it, RenderToken (RNDR) looks to be a major player in its industry for years to come. For now, chart analysts predict the RenderToken (RNDR) value to hover between $1.20 and $1.40. A breach of this range will see RenderToken (RNDR) quickly rise to the $2.50 resistance level.
Find out more about the Collateral Network presale here:
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