Switching from Stacks (STX) and Cardano (ADA) to Collateral Network (COLT) can be a beneficial move for investors. Both STX and ADA are popular cryptocurrencies, but Collateral Network (COLT) is making waves during the public presale as it is set to see 3500% returns for early investors. Let’s take a closer look at how Collateral Network (COLT) can strengthen your portfolio.
Collateral Network (COLT)
Collateral Network (COLT) is a crowdlending platform that allows people to borrow cash using their assets as collateral. The big difference between Collateral Network (COLT) and traditional lenders lies in the use of NFTs that represent the assets.
But the differences don’t stop there! As the asset-backed NFTs are fractionalized and stored on the blockchain, multiple lenders can take part in a single loan — making it easier to access liquidity and decentralizing the lending process.
This blockchain-based system allows borrowers to secure funds without credit checks and long waiting times. For lenders, it provides an easy way to earn passive income with reduced risk. Plus, as the contractual information is stored in the NFT’s metadata, there is no need for complex paperwork.
Collateral Network (COLT) has a utility token, COLT, that is worth holding for benefits like platform voting rights, passive income staking reward, trading fee discounts, reduced interest rates and more.
With its innovative use of NFTs, smart contracts to streamline the process, and rewards for participation, Collateral Network (COLT) looks set to capture a piece of the $1.5B crowdlending industry.
Now in phase 1 of the public presale, Collateral Network (COLT) is offering investors the chance to grab COLT for just $0.01 per token. This price is set to increase by up to 35x as the sale progresses and demand increases, so acting fast could be wise.
Stacks (STX) brings smart contract functionality to Bitcoin (BTC) and offers a platform for developers to build new applications. Stacks (STX) is designed to be secure, decentralized, and scalable, with a strong focus on user privacy
Stacks (STX) unlocks the true potential of Bitcoin (BTC), transforming it from mere digital gold into a fully-fledged smart contract platform. STX is the native token of the Stacks (STX) network and is used to facilitate transactions and reward those who secure the network.
However, adoption hasn’t lived up to expectations and the growth of the Stacks (STX) network has been lackluster. After hitting an all-time high of $3.61 in March 2021, the STX token has experienced a steady decline to a current price of $0.21. Stacks (STX) needs to focus on user adoption and developer engagement if it hopes to turn its fortunes around, however if it does, Stacks (STX) could be set to rise significantly as a competitor smart contracts platform.
Cardano (ADA) is a layer-1 smart contract platform that was born out of peer-reviewed academic research. Cardano (ADA) is a proof-of-stake blockchain that uses an advanced consensus algorithm called Ouroboros, which allows for transaction verification without consuming large amounts of energy.
The unique and patient approach to building Cardano (ADA) has resulted in a highly secure and robust platform with reliable uptime. Cardano (ADA) has also attracted a loyal following of investors who believe that good things take time and Cardano (ADA) will be a major player in the industry.
However, the actual adoption of the Cardano (ADA) platform has been relatively slow. This is due to projects choosing to build on rival projects, including Ethereum (ETH) and Polygon (MATIC). The Cardano (ADA) team will need to focus on attracting more developers and projects to the platform.
Find out more about the Collateral Network presale