Collateral Network (COLT) is a new cryptocurrency project that is still in its pre-sale. Collateral Network (COLT) is the world’s first crowdlending platform for NFTs that makes it easy for borrowers around the world to receive a cash loan for their physical assets as collateral on the blockchain.
By using Collateral Network (COLT) built on the Ethereum (ETH) blockchain, users can become their own banks and provide fractional loans to borrowers for an agreed fixed interest rate. On the other hand, borrowers can use their physical assets to release cash without having to sell anything or jump through legal loopholes.
How Does Collateral Network (COLT) Work Exactly?
In short, Collateral Network (COLT) boils down to a platform that will allow borrowers to borrow cryptocurrencies against their physical assets, digitally using blockchain and NFT technology, hence the name Collateral Network (COLT).
For instance, imagine you have a property worth $100k and want a short-term loan. Collateral Network (COLT) will then mint a tangible NFT that is physically backed by your property and fractionalize the NFT into smaller fractions, making it easier for investors to become fractional lenders for an agreed fixed interest rate.
Because of the fractionalization of the physical asset-backed NFT, smaller investors with less capital are able to act as lenders, and therefore you receive cash for your assets way quicker than via traditional lending platforms.
Another advantage of using Collateral Network (COLT) is that it is more privacy-focused – you can borrow funds against your assets discreetly without leaving a footprint on your credit score. For the lenders, all contractual data is stored in the metadata of the NFT, which is stored on the publicly available and immutable blockchain, and therefore, highly transparent.
Although the project starts on the Ethereum (ETH) blockchain only, it will have multi-chain and bridging capabilities into additional blockchains at a later date.
Collateral Network (COLT) Tokenomics and CoinMarketCap Community Interest
Because Collateral Network (COLT) is the first project ever to mint NFTs against physical assets and then fractionalize them, it has drawn the attention of the CoinMarketCap community, with many digital asset investors wanting to jump aboard the hype train as soon as possible. For this reason, analysts are now predicting a 35x surge in price within the next 6 months.
The tokenomics of the Collateral Network (COLT) also look very healthy, according to our experts, which adds more fuel to the fire. The total supply of COLT tokens is set at 1,400,000,000, with only 50% of the total supply being available for presale.
The initial starting price per token is $0.01, and the team’s tokens are locked for three years. Added to this, the liquidity pool of the project is locked for 33 years, and both smart contracts for these lock-up periods have been fully verified by Solid Proof, ensuring early investors no rug pull will take place whatsoever.
If you want to be part of the VIP members club, only open to pre-sale buyers, which grants you access to private auctions for distressed assets and stand a chance of making a nice return on your investment, we highly recommend checking out the Collateral Network (COLT) presale as it has just begun.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Source: https://www.thecoinrepublic.com/2023/03/01/coinmarketcap-community-rush-to-purchase-collateral-network-colt-tokens/