There is no doubt that blockchain is the future, but which blockchain project will have the greatest impact? While there are several contenders, we believe Collateral Network (COLT) could be the ultimate winner in terms of positioning for the future. Now in phase 1 of the presale, let’s take a closer look at why you should switch from Zcash (ZEC) and NEO to Collateral Network (COLT) ahead of its forecasted to have 3500% gains.
Collateral Network (COLT)
Collateral Network (COLT) is a crowdlending platform with one HUGE difference — it is built on blockchain technology and uses asset-backed NFTs as collateral. This means users can borrow money with real-world assets as collateral, without relying on a centralized bank or other financial institution.
For example, Craig wants a new car but only has a $5,000 watch to his name. Craig can ask Collateral Network (COLT) to mint an NFT that represents his watch, and then use this NFT as collateral for a loan.
Fractionalization of the NFTs means that loans can be shared among multiple lenders. This allows people from all walks of life to become lenders and receive weekly interest payments.
Holding the COLT token allows users to access exclusive benefits, such as reduced loan interest rates, trading fee discounts, staking rewards, and more as the platform continues to develop.
The COLT token will have an initial starting price of $0.01 per token during the presale, with only 50% of the supply available during this period. With analysts predicting a 3500% increase in the future, acting now could reward you heavily in the future.
Zcash (ZEC) is a privacy-focused cryptocurrency that enables users to transact anonymously. Zcash is powered by the zk-SNARKs zero-knowledge cryptography protocol, which allows for privacy without sacrificing security or speed.
Zcash gives it an edge over other cryptocurrencies, allowing users to send funds without revealing their identity or transaction details. Zcash (ZEC) certainly has impressive technology, but the cryptocurrency market is moving at a rapid pace, and Zcash (ZEC) is an old player in a new field.
There is also little need for such privacy when it comes to online transactions and other day-to-day applications. However, if Zcash (ZEC) can see more development, it could potentially result in a much more modernized platform with long term potential.
NEO is a blockchain project that aims to create the “smart economy” of the future. NEO was once the most-hyped project in the industry, but its value has dropped significantly since its peak in 2017.
NEO is still a strong project with impressive technology, but like Zcash (ZEC), it may not be best positioned for the future. With the likes of Ethereum (ETH) taking over as the go-to platform for decentralized applications (dApps), NEO may struggle to remain relevant.
Despite this, NEO remains a strong contender as a blockchain platform, and NEO continues to see investment from a loyal community.
Find out more about the Collateral Network presale here:
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.