• Collateral Network (COLT) is a blockchain-based platform that revolutionizes the traditional lending industry by transforming assets into tokenized NFTs.
• As interest in the presale grows, whales from the VeChain (VET) and Monero (XMR) communities have begun accumulating COLT tokens.
• With its potential to disrupt the $7.5 trillion asset-backed lending industry, the current price of $0.014 per COLT token is expected to increase as more whales accumulate it throughout the presale and post-market launch.
VeChain and Monero whales have begun accumulating tokens from Collateral Network (COLT), a cutting-edge, blockchain-based platform that transforms traditional lending into a more accessible, efficient, and democratic process. This article takes a closer look at why whales are interested in this project and explores what it could mean for both the project and crypto market as a whole.
How Collateral Network Works
Collateral Network enables users to own valuable assets while also being able to access loans thanks to fractionalized NFTs which represent their asset. This not only lowers the entry barrier for lenders but also injects more liquidity into loan markets, making it beneficial for all parties involved. Furthermore, COLT serves as the currency of this platform – used for accessing NFT auctions, paying fees and earning passive income through staking – thus those who hold COLT tokens stand to benefit most from this system.
VeChain Price on Decline
VeChain is known for providing support for smart contracts used in various scenarios such as supply chain management or product lifecycle tracking. This layer 1 blockchain has an impressive clientele including Walmart, PwC and BMW; these partnerships saw VeChain’s value surge 10 000% from its low in 2020 to an all-time high of $0.28 in 2022 – however since then VET has experienced a 93% loss in value due to multiple factors such as competition with other blockchains like Polkadot or Ethereum 2 .0 upgrade plans.
Why Are Whales Accumulating?
The potential of Collateral Network lies within its ability to disrupt an entire industry worth $7 .5 trillion by 2028; due to this potential success many whales have started accumulating COLT tokens during the pre-sale phase which could lead them to great profits once COLT hits tier 1 exchanges post launch date so it’s no surprise that they’re eager acquire these tokens now while they’re still relatively cheap compared with what they might be worth later on down the line!
The accumulation of VeChain (VET) and Monero (XMR) whales indicates strong confidence in Collateral Network’s ability to revolutionize traditional lending; if successful, it could open up new opportunities not just for those who hold COLT tokens but also for anyone looking to borrow money backed by digital assets without having prohibitive entry barriers or limited liquidity options – plus further gains can be seen when looking at how much higher COLT’s price may become once listed on Tier 1 exchanges!