Eos (EOS) and Neo (NEO) Investors Seize the Moment, Capitalizing on Collateral Network (COLT) Presale Offer
Photo: Collateral Network
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The Collateral Network (COLT) presale offers a limited-time opportunity to purchase tokens at $0.014 prior to the platform’s public launch. For Eos (EOS) and Neo (NEO) investors, this could be a great opportunity to turn around their fortune, as the presale offers a significant discount on the tokens. Let’s explore what Collateral Network is and why investors are already lining up to purchase the tokens.
Collateral Network (COLT) Harnesses the Power of Web3
Collateral Network is a web3 crowdlending platform that harnesses the power of blockchain technology to offer a more secure and transparent way of lending and borrowing. Collateral Network allows people to unlock liquidity by using their valuable physical assets as collateral to borrow crypto. Assets that will be accepted by the platform will include real estate, jewelry, luxury watches, fine wine, and fine art. These items serve as a guarantee in case of loan default.
Collateral Network’s lending protocol is able to bring off-chain assets on-chain the facilitate the lending process and achieves this by leveraging blockchain and NFT technology
The process works by minting an NFT representing a borrower’s physical asset. The tokenization of collateral means that it can be broken into multiple pieces, which enables multiple investors to contribute to a single loan. This increases the number of lenders that are able to take part in a loan, thus increasing liquidity and providing more competitive loan rates to borrowers. In return, lenders receive a weekly fixed interest rate, paid weekly.
The COLT token itself offers various benefits to its holders, such as staking rewards, governance rights on future developments on the platform. However the best perk is the access to private auctions (only COLT token holders have access) for distressed assets. This means that by holding COLT tokens, users can gain from both the token’s value growth and the services provided by the Collateral Network platform.
Collateral Network has the potential to disrupt the multi-trillion-dollar lending market, some experts believe that COLT could pump from $0.014 to $0.35 this quarter, with some predicting that COLT could even reach $1 by 2025.
What Does EOS Crypto Do?
Eos’s delegated proof of stake (DPoS) consensus was a game-changer to the industry when it was launched, providing a secure platform with lightning-fast performance and scalability. Some investors even believed that Eos would overtake Ethereum (ETH) in the near future.
However, Eos (EOS) failed to live up to these lofty expectations, and the blockchain platform is now struggling in terms of market capitalization and usage. Eos is down more than 95% from the all-time high set in 2018 – showing that investors who bought Eos (EOS) at the time are underwater.
As such, some investors are looking for other opportunities to capitalize on their Eos holdings. A 20x return would bring EOS holders back to being in profit – and the Collateral Network (COLT) presale is a great opportunity for EOS holders to make this happen as it is predicted to increase by 35x before being listed in major exchanges.
Is Neo a Chinese Coin?
Similar to EOS, the Chinese blockchain platform Neo (NEO) was also once a highly anticipated project, with some investors believing that it could become ‘the Ethereum of China.’ However, like Eos, Neo (NEO) also failed to live up to the hype, and its value has plummeted in recent years.
This decline is due to Neo not seeing the level of adoption needed to support such a high market capitalization. In fact, Neo has not seen a new price peak for over five years, making it difficult for NEO holders to make any return on their investments.
As such, many NEO investors are already jumping on the Collateral Network (COLT) bandwagon, with more than 30 million tokens acquired during the presale – and many more expected to join.
Analysts note that Neo (NEO) can jump from the current price of $10.50 to the $30 price level during a bull market, but this pales in comparison to many of the returns that can be made elsewhere.
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