As we get into 2023, the crypto market is quickly moving to a phase where real-world utility will be the key factor deciding the fate of a token. While the purpose of crypto has always been to make lives easy in the financial world, the flood of projects with zero utility in the last few years has increased the distrust in new-age assets. But things are changing now with the arrival of innovative platforms like Collateral Network (COLT), a new crypto lending platform that has the potential to offer 35x returns to holders. This article looks at the features that make Collateral Network (COLT) one of the best tokens to invest in 2023.
World’s first asset-backed lending platform on Blockchain
In the traditional world of finance, borrowers have to sell their physical assets to raise funds or keep them as collateral with banks to acquire a loan. Collateral Network is revolutionizing asset-backed lending by allowing borrowers to become their own banks.
Collateral Network (COLT) makes it easy for borrowers to unlock cash from their physical assets on the blockchain. Moreover, users can become their own banks by providing fractional loans to borrowers for an agreed fixed rate of interest. Thus, with the Collateral Network platform, borrowers can use their physical assets to release cash without needing to sell their assets or making rounds of banks to raise money.
World’s first platform for minting NFTs against physical assets
Collateral Network (COLT) is the world’s first blockchain-based platform allowing users to mint Non-Fungible Tokens (NFTs) against physical assets like property, rare pieces of art, etc. Users can fractionalize the NFTs to allow the community to fund the loans. Interestingly, Collateral Network users can borrow against their assets discreetly, without leaving a footprint on their credit file.
Smart Tokenomics
The total supply of Collateral Network (COLT) tokens is 1.4 billion. As many as 50% of the total COLT tokens will be available in the presale. The liquidity pool of the platform is locked for 33 years, providing safety of investment. Moreover, the team tokens will be locked for 3 years.
Fixed income and low-cost borrowing
Collateral Network (COLT) users can receive cash against their assets quickly, within 24 hours. Lenders on the platform can earn a fixed income, which is paid weekly. Moreover, borrowers can borrow against their physical assets at competitive rates with flexible terms. To ensure safety for lenders and borrowers, all contractual information on the platform is stored in the metadata of the NFT, which is published on the public blockchain, and cannot be altered.
High Growth Potential
Crypto investors multiply their wealth fast, by investing in high-potential new projects. As new projects require less upfront investment, the total returns become large if the project grows fast. Collateral Network (COLT) offers an exciting opportunity to investors looking for new and promising tokens. It not only has a unique real-world use case but also the potential to grow investors’ wealth in 2023.
The initial price of Collateral Network (COLT) token is just $0.01. Experts are predicting that the COLT token price may see a 35x surge within 6 months.
Special benefits for Collateral Network (COLT) token holders
Anyone can become a VIP member of the Collateral Network by buying COLT tokens in the presale. With VIP membership, they will get access to private auctions for distressed assets. COLT token holders will get voting rights in governance of the platform. Borrowers on the platform will get discounts on borrowing fees and interest, while lenders can use the token to get discounts on trading fees on the Collateral Network marketplace. Users can also stake their COLT tokens to earn a passive income.
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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