In the competitive world of cryptocurrency, Collateral Network (COLT) is currently outshining major players like Chainlink (LINK) and Polkadot (DOT). With its innovative approach to Web3-based lending against physical assets and a rapidly growing user base, Collateral Network (COLT) is quickly gaining momentum and investors’ interest ahead of its forecasted 35x surge.
Chainlink’s (LINK) trades at $7.23
Several booklet series and user guides on Chainlink (LINK) have recently been published. However, these resources are not provided by the official Chainlink (LINK) site but by its experienced users.
The guides help users learn about Chainlink’s (LINK) transaction process. They also assist them in understanding how to use Chainlink (LINK) Explorer, a Chainlink tool designed to find information on jobs, requests, and other relevant areas. The requests on the Explorer are usually made by Chainlink (LINK) oracle and fulfilled with data from the external world. The guides also cover information about Chainlink’s (LINK) staking project.
One can find the high-quality Chainlink (LINK) Beginner’s Guides online. Such guides also cover the working of Proof of Reserve features by Chainlink (LINK).
Crypto users are expected to show more interest in Chainlink (LINK) due to the availability of such guides. Further, it may increase the token’s value, currently trading at $7.23.
Enthusiasts tested ChatGPT’s knowledge of the Polkadot (DOT)
Some Polkadot (DOT) followers gained traction on the internet by posting their interaction with ChatGPT. They asked ChatGPT to explain the entire working framework of Polkadot (DOT), and the tool did a pretty good job. The explanation starts with some basics of Polkadot (DOT) and the working of its ecosystem. ChatGPT stated that Polkadot (DOT) fosters collaboration among various blockchains to increase its flexibility and build dApps.
The followers further asked the AI tool about how the Polkadot’s (DOT) parachain slot auction works and got an accurate answer. It also provided apt information about the crowd loan feature of Polkadot (DOT) and explained how token staking helps projects win the auction.
However, it failed to clearly explain whether Polkadot (DOT) staking is legal in the USA or not. Polkadot (DOT) is currently trading at $6.18 with a stagnant growth sentiment.
Collateral Network (COLT) offers a 40% bonus causing a rush among investors
Collateral Network (COLT) has become the world’s first Web3 crowdlending platform that has entered the traditional credit space. It brings fractionalization, NFTs, and decentralization into its lending and borrowing system. Collateral Network (COLT) users can get loans by minting NFTs against their valuable physical assets, like real estate, luxury watches and cars, in order to facilitate crowdlending.
Firstly, each NFT on Collateral Network (COLT) will be backed 1-to-1 by the borrower’s physical asset, which will act as collateral. Secondly, Collateral Network (COLT) will fractionalize these NFTs into smaller parts, allowing community members to buy them by investing a small amount. These community members will fund the borrower’s loan as a result, becoming fractional lenders, and earning fixed-interest weekly payments.
This is powered by the project’s native COLT token, which grants holders unique benefits ranging from staking, governance rights, discounts, and more.
The platform has successfully entered its 2nd COLT presale stage with an amazing 40% deposit bonus offer to early investors. Collateral Network (COLT) has already seen a 40% increase in price over the past few weeks from $0.01 to $0.014. Experts predict that this will surge by up to 35x as the presale continues to grow at present demand.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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