Gone are the days when only long-standing cryptos were able to post positive growth. The crypto market has evolved, and new tokens with real-world use cases are considered the hot and long-term investment option. Collateral Network (COLT) is one such much-desired project, as it is set to grow by 3500% during its ongoing presale phase. On the contrary, Binance (BNB) and Aptos (APT) have suffered a big decline in their popularity and value.
Binance has rolled out Capital Connect, which acts as a link between institutional investors and crypto investment fund managers. However, Capital Connect will only be available to VIP-level users of Binance. With this new platform, Binance aims to allow institutional investors to enter the crypto market in an efficient and safe manner.
Binance also hopes to revive its price movement, which has been southward for the past many weeks. The price of Binance has plummeted by more than 6% in the last month. As a result, Binance (BNB) is currently changing hands at $311.74. Notably, CCData has revealed that spot trading at Binance (BNB) fell by 48% in April.
There is a trend in the crypto market wherein projects are organizing hackathons, and Aptos is following suit too. Aptos has initiated the application process for Hack Holland, a global hackathon that will be organized in Amsterdam in June.
Aptos, through this event, will support disruptive projects in the fields of Web3 gaming, media, DeFi, artificial intelligence, and others. Winners of this hackathon will receive monetary support from the Aptos foundation. With this event, Aptos also aims to encourage its adoption among developers.
Aptos (APT) has rallied about 400% since the beginning of 2023 and hit its peak of $19.90. But, since February, Aptos (APT) has been on a continuous decline, and its current market value has come down to $8.30.
Collateral Network is a Web3-based crowdlending platform that allows people to unlock liquidity against their physical assets at a competitive interest rate. The platform accepts a wide range of physical assets as collateral to obtain liquidity, such as gold, diamonds, watches, vintage cars, and fine wine, among others.
Collateral Network offers a borderless service, allowing people to receive liquidity from a pool of lenders across the globe. The platform accepts borrowers’ assets as collateral and mints fractionalized non-fungible tokens against them. Before minting NFTs, the company verifies and evaluates the assets using artificial intelligence and stores them safely in its secured vault.
After settling loans and interest, borrowers can get the collateralized assets returned to their addresses. However, if borrowers default on their loans, their assets are auctioned to recover investors’ funds. Lenders can purchase as many NFTs fractions as they wish to lend funds to borrowers. Investors will also receive passive income every week from the loan´s interest.
Collateral Network tokens have been designed on the Ethereum blockchain, and their smart contracts are audited. The company boasts a KYC-audited team that consists of experienced members. People owning COLT tokens will receive numerous benefits, like staking rewards, discounts, governance rights, and access to private auctions.
Collateral Network’s team tokens will remain locked for two years, and its liquidity pool for 33 years. A Collateral Network token is currently available at $0.014 following a 40% price increase from its original price of $0.01. Experts predict that the token will increase up to $0.35 by the end of the presale and a further 100x once it hits major exchanges. Therefore, the best moment to acquire COLT tokens is now.
Find out more about the Collateral Network presale here:
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