The crypto world has been flooded with activities with Cosmos (ATOM) and Quant (QNT) in the spotlight. While Cosmos (ATOM) community members sought transparency, Quant (QNT) formed strategic partnerships with major players.
On the other hand, Collateral Network (COLT), a new crowdlending protocol, is set to reward early buyers with 35x gains.
On April 25, Cryptomode reported that the Cosmos community had requested more reporting and transparency on activities undertaken by the Interchain Foundation (ICF) over the last two years. Note that the Interchain Foundation (ICF) is a Swiss nonprofit organization providing research and development support to decentralized networks.
This recent uproar by the Cosmos community stems from ICF receiving around 10% of Cosmos (ATOM) supply at the ICO. Also, there are issues of favoritism towards some teams when it comes to grants. Thankfully, this situation didn’t harm the price of the coin.
Two days later, Investing.com reported that the price of Cosmos experienced a short-term increase in volume. It revealed that the 24-hour trading volume of Cosmos surged by over 147%, placing the coin’s price above $11, one of its highest points of late.
This increase in price and volume was attributed to the announcement of new developments like Neutron, a decentralized exchange (DEX) that will allow users to swap tokens across different blockchains. Currently, the community has begun voting for the proposal to secure Neutron by the ecosystem’s hub. If things go as planned, it will mark the dawn of the Cosmos (ATOM) Economic Zone and boost the token’s price.
Quant is a blockchain-based platform that provides interoperability between various blockchain networks. Quant enables a seamless transfer of digital assets across different blockchains. This makes Quant highly relevant because blockchain technology adoption is on the rise and so is the need for communication between blockchains. Also, Quant achieves its purpose via its Overledger DLT operating technology.
Furthermore, Quant has formed strategic partnerships with major players in the blockchain and financial industries, such as AllianceBlock, Oracle, etc. The most recent partnership with UST is focused on the swift migration of traditional services to digitization. When this partnership was announced, the price of Quant climbed by 7% within 24 hours.
Collateral Network (COLT)
Widely considered the next industry-defining crypto project, Collateral Network (COLT) is a decentralized crowdlending platform based on the Ethereum blockchain. This market newcomer solves many of the issues with the traditional lending industry and enables anyone to borrow capital against physical assets such as real estate, art, vintage cars, watches, jewelry, etc.
Collateral Network mints NFTs to represent these assets, thus, making the NFTs 100% asset-backed. The NFTs are segmented into multiple pieces (fractionalized) to allow multiple lenders to fund the loan. This approach gives borrowers quick access to institutional level liquidity while granting lenders passive income through interest paid back on the loan.
This incredible ecosystem has the potential to democratize the contemporary lending industry, providing unparalleled use cases and resolving many of the issues that borrowers face. Moreover, the COLT token grants holders benefits like low interest rates, staking rewards, and governance rights.
Right now, the COLT token is on presale with a 3500% growth prediction. Having already impressed investors with a 40% price surge in under 2 weeks, from its initial price of $0.01 to $0.014, Collateral Network (COLT) is certainly shaping up as a top contender to be a blue-chip token this year.
Find out more about the Collateral Network presale here:
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