The post Tezos, and Flow Crypto Losing Holders to This New Utility Token: Collateral Network appeared first on Coinpedia Fintech News
This year has been phenomenal for a wide variety of cryptocurrencies. Investors are in search of projects with tangible utility hence they are leaving Tezos (XTZ) and Flow (FLOW) for Collateral Network (COLT) because it offers the best and guaranteed returns.
Is Tezos (XTZ) a good investment?
Tezos has recently launched new developments in a bid to attract more investors and boost its growth chart position. A significant development for the project is the new update for the Tezos Mumbai Protocol. The TzKT Explorer upgrade was also introduced among other updates released by Tezos in recent weeks.
Despite the recent developments, the price of Tezos (XTZ) has been on a downward trend in the past 30 days. The Tezos community hopes that the new developments will help prevent further price drops. Currently trading at $0.98, the value of Tezos (XTZ) is 92% lower than its peak of $12.19. Tezos is presently ranked 52nd in terms of market capitalization.
Is Flow (FLOW) a good crypto?
Flow is a blockchain network designed for web3 and other crypto spaces, catering to the needs of blockchain developers. With a team of experienced developers, Flow provides developers with efficient resources to build games, dApps, and digital infrastructures.
Thanks to the integrity and antecedents of its development team, Flow is gaining increasing prominence among web3 developers. Its high speed and scalability also make Flow a desirable platform. The Flow token grants holders voting rights and enables them to participate in reward distribution, transaction payment, and passive income through staking.
In the long run, the Flow token is expected to serve as a store of value for the platform, protecting it from bankruptcy during harsh economic situations. As the security of the project is based on Flow, developers are working tirelessly to ensure its success, making it a promising asset for potential investors.
Collateral Network (COLT) disrupting the world of peer-to-peer
Collateral Network has disrupted the world of peer-to-peer lending by launching a hybrid crowdlending platform that uses blockchain technology and allows borrowers to unlock liquidity from their physical assets. The cross-chain network accepts and verifies physical assets, such as rare whiskey and fine art, as collateral.
Collateral Network mints NFTs that represent the assets and fractionalizes them to enable lenders to provide funds by purchasing these digitised NFT fractions with small sums of money. What sets Collateral Network apart is that it stores the assets in secure vaults, ensuring borrowers’ peace of mind while enabling them to unlock funds within 24 hours without impacting their credit history.
After settling their loans, borrowers can redeem their tangible assets, or if they fail to repay, the asset will be sold at auction to allow lenders to recoup their funds. The smart contract supervises all transactions, eliminating the need for middlemen, reducing transaction fees, and mitigating fraud.
Collateral Network has raised approximately $250k in its first few weeks of presale due to its unique use case. Collateral Network token holders receive several benefits, including staking rewards, voting rights, and discounts. At the time of writing, Collateral Network (COLT) tokens are valued at $0.014 during the ongoing presale, with an expected surge of 35x by the end of the presale.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
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