Web3 peer-to-peer lender Collateral Network (COLT) is emerging as a rising star in the cryptocurrency market, with the potential to outshine established players like Monero (XMR) and Toncoin (TON). We look at why crypto enthusiasts eagerly anticipate this innovative challenger lender’s launch and why market experts predict the growth of 3500% in the coming months.
Collateral Network (COLT) is a revolutionary new altcoin that provides an innovative solution to the multi $billion lending sector. While many lending protocols exist in the crypto space, these only allow you to either borrow against existing crypto holdings or digital assets such as Bored Ape.
Until now, no solution is available where users can bring off-chain assets on-chain and borrow against them. This is why Collateral Network has excited the market experts and crypto community about their web3 peer-to-peer lending platform.
Rather than relying on the traditional banking sectors or pawnbrokers, individuals worldwide now have access to institutional-level liquidity with a blockchain-powered solution that allows them to unlock cash from their real-world physical assets on the blockchain through minting asset-backed NFTs.
(by Mark Peterson)
