Apr 26, 2023 (SeoXnewsWire) — The Polygon (MATIC) partnership with Aragon caused Polygon (MATIC) to grow soon after the announcement, with its value increasing by 46.99% in the following weeks.
Meanwhile, Collateral Network (COLT), a new Web3 decentralized lending platform for real-world assets, offers 40% returns to its investors while still in presale.
Polygon (MATIC) Partners with Aragon and Increases Its Value
The Polygon (MATIC) collaboration with Aragon enables users to create and manage decentralized autonomous organizations (DAOs) on the Polygon (MATIC) network. With this partnership, Polygon (MATIC) aims to decrease the obstacles and expenses related to building and maintaining DAOs.
As a result of the new unlocked Polygon (MATIC) functionality, the Polygon (MATIC) platform rose in value, with the Polygon (MATIC) market cap reaching $10.19 billion in the first week after the announcement.
However, the Polygon (MATIC) market cap has decreased to $9.63 billion since then. Additionally, the Polygon (MATIC) token has gone from $1.18 to $1.04 over the last two weeks, indicating a comedown following the announcement of the Polygon (MATIC) and Aragon collaboration.
Collateral Network (COLT) Surges 40% While in Presale
As Polygon (MATIC) embarks on its descent following its partnership with Aragon, Collateral Network (COLT), a decentralized crowdlending platform, stuns investors with 40% returns during its presale.
The COLT token is currently trading at $0.014, increasing from its initial price of $0.01 in February. Moreover, according to the official Collateral Network (COLT) website data, the price per token will hit $0.0168 when an additional 120,000,000 tokens are sold.
Collateral Network (COLT) is creating a lot of noise in the crypto world as it is set to be the world’s first Web3 peer-to-peer lending protocol for real-world assets on the blockchain. Namely, Collateral Network (COLT) will enable borrowers to use their watches, real estate, vintage cars, and other valuables as collateral and borrow money against them.
You send your asset to COLT to get the funds you need. Then, the Collateral Network (COLT) team will evaluate and store your asset in its vault and mint an NFT against the asset. Collateral Network (COLT) will fractionalize the 100% asset-backed NFT so that multiple lenders worldwide can fund the loan and get fixed interest payments in return.
Finally, after you’ve paid the loan and interest, Collateral Network (COLT) will redeem your asset from its vault and burn the NFTs.
Collateral Network (COLT) aims to solve many issues in the lending industry, including credit accessibility, liquidity, flexibility and transparency.
You can use BTC, ETH, BNB, USDT, SOL, SAND, MANA, DOGE, or SHIB on the presale portal to purchase COLT tokens. All you need to do is open the portal, click the Buy Now icon to register, and select how many COLT tokens you want. After this, the chain automatically converts the crypto you used for the purchase to an equivalent in COLT.
As Polygon (MATIC) shows signs of a downward trend following its partnership with Aragon, Collateral Network (COLT) attracts even more attention from investors with its 40% returns during its presale.
You can read more about COLT’s revolutionary potential on the Official Collateral Network Website.
Learn more about the Collateral Network presale here:
Email: [email protected]