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Bitcoin (BTC) has recently been making significant gains, and many predict it will surpass $30,000 in the upcoming weeks. However, with the volatility in the crypto market, it’s difficult to make accurate financial investments. But what if you could become your own bank and have more control over your financial decisions? That’s where Collateral Network (COLT) comes in, offering decentralized services that give investors freedom and autonomy.
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Collateral Network (COLT) has revolutionized the concept of asset-backed lending with a user-friendly platform that allows people to easily borrow money against their real-world tangible assets. The borrower needs to send its asset to Collateral Network (COLT), where they are authenticated and minted as fractionalized NFTs. Afterward, the asset will be stored safely until the loan is repaid.
Unfortunately, banks will not allow you to take loans on most assets, whereas Collateral Network (COLT) allows vintage cars, wines, watches, and more. These asset-backed fractionalized NFTs are then sold to lenders, who earn a fixed interest on their investment. However, if the loan is not repaid, the physical asset will go to Collateral Network’s (COLT) auction, where COLT holders can buy the asset below market value.
What sets Collateral Network (COLT) apart is the simplicity of the lending process, with the valuation of tangible assets being completed through AI. It also has institutional-level liquidity and multi-chain capabilities, improving speed and reducing gas fees.
During the first stage of presale Collateral Network (COLT) is available for only $0
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