VeChain (VET)
VeChain (VET) is the first blockchain platform to be built specifically for enterprise use. Companies can use VeChain (VET) for asset tracking, supply chain management, digital identity solutions and more.
The likes of DNV GL, PwC and BMW are just some of the big names that trust the VeChain (VET) blockchain. Plus, VeChain (VET) has just become the official blockchain partner for the UFC, the world-famous mixed martial arts organization.
VeChain (VET) uses a dual-token model, with VET being the network’s primary coin and VTHO used for transactions. Holders of VET can earn passive income by staking their tokens in the official VeChain (VET) wallet.
Despite this impressive adoption, VeChain (VET) has performed poorly in the markets this year - down by nearly 95% since its all-time high. This is why many VeChain (VET) holders have decided to join the Collateral Network (COLT) presale.
TRON (TRX)
TRON (TRX) is another blockchain project with a focus on mass adoption. It is building a “decentralized internet” and offers developers the tools to create decentralized applications (dApps) on the TRON (TRX) network.
TRX is the native token of the TRON (TRX) ecosystem and was used to power transactions, smart contracts and even dApps. TRX can also be staked in the official TRON (TRX) wallet to earn passive income.
TRON (TRX) has seen some success, with Dominica using TRON (TRX) to issue its own national 'Fan Token'. However, the project has a long way to go before replacing Ethereum (ETH).
Like VeChain (VET), TRON (TRX) has been hit hard by the bear market this year — down by over 90% since its 2018 high. This is why so many TRON (TRX) holders have decided to participate in the Collateral Network (COLT) presale.
Collateral Network (COLT)
Collateral Network (COLT) is not your typical crowdlending platform — it is built on the Ethereum (ETH) blockchain and uses smart contracts to facilitate secure, low-cost peer-to-peer loans using asset-backed NFTs as collateral.
Collateral Network (COLT) is aiming to revolutionize the way that individuals and businesses finance their projects by providing them with access to capital, while also creating a secure platform for lenders.
For example, Sarah wants a new motorbike but only has a $2,000 luxury bag to her name. Sarah can use her bag as collateral and borrow $2,000 on Collateral Network (COLT).
Once Sarah has paid back the loan, her bag will be returned to her, the lenders will have received a return on their investment and Collateral Network (COLT) will have taken a small fee for facilitating the loan.
By owning the COLT token, users can gain access to exclusive perks, such as lower loan interest, discounted trading fees and staking rewards. These rewards will only increase as Collateral Network (COLT) continues to grow and evolve. Currently in its first phase of presale, the token price stands at $0.01 with predictions for it to increase by 35x within 6 months.
Overall, it looks like Collateral Network (COLT) is going to be a game-changer in the world of lending in the future. This is why so many holders of VeChain (VET) and TRON (TRX) have already jumped on board the train, taking advantage of the presale while they can.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk