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Collateral Network (COLT) Set To Be The Best Long-Term Cryptocurrency For 2023

Author

John Asher

Tags

Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

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As the crypto markets recover from a disappointing 2022, investors are looking for this year’s potential top performers. Due to a challenging macro environment, investors will likely focus on real-world use cases.

In that context, one potential candidate for a long-term top performer is Collateral Network (COLT). This innovative platform enables users to leverage their physical assets as collateral against loans.  

With the potential to disrupt a multi-billion dollar market, Collateral Network (COLT) could be a favorite for venture capital this year in line with its 35x forecasted returns.

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What is Collateral Network (COLT)?

Collateral Network (COLT) is a blockchain-based crowdlending platform enabling users to leverage their physical assets as collateral against loans. 

The platform allows individuals and businesses to access capital without traditional banking intermediaries. Collateral Network (COLT) issues unique NFTs for every physical asset that users use as collateral. It then fractionalizes these NFTs and offers them to lenders. 

These NFTs contain all the relevant information about the borrower, the physical item, and the contact. The information is all in the NFT’s metadata on a public blockchain to ensure full transparency. 

The NFTs are backed 1:1 by real-world physical assets, making them tangible and providing investors with security. 

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What Are The Benefits of Collateral Network (COLT)?

Collateral Network (COLT) offers multiple benefits to both borrowers and lenders. For borrowers, the most significant benefit is that they don’t have to sell their assets to borrow against them. 

The other major benefit is convenience. Borrowers can get cash quickly, within 24 hours, thanks to the platform’s decentralized protocol. They can also get funds discreetly in a fully-digitalized process. Moreover, a significant benefit for many borrowers is that the transaction will not impact their credit rating. 

At the same time, lenders get to earn passive income on their crypto. They get to pick among thousands of contracts to find one that works best for them. 

The platform also offers lenders full transparency due to blockchain tech. They can be sure that the information on the blockchain has not been altered in any way.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT) Tokenomics

The COLT token is the native token of Collateral Network (COLT). It is a utility token, whose holders gain access to rewards on the platform. The price for the token currently stands at only $0.01, but forecasted to rise to $0.35.

For instance, borrowers get discounts on borrowing fees and interest. This means that the more tokens they hold, the lower the interest rate they have to pay. On the other hand, lenders get discounts on trading fees in the marketplace. The token also works as a governance token, giving holders voting rights to key project developments. 

To protect the network and ensure its development, team tokens are under a 3-year lockup. Moreover, tokens in the liquidity pool are under lockup for 33 years. Critically, Collateral Network (COLT) also passed a smart contract audit, which means that investors can have peace of mind. 

Collateral Network (COLT) is one of the most exciting projects in 2023. With a real-world use case, strong tokenomics and a dedicated team, it is worth keeping an eye out for. 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk