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Decentralized virtual worlds like Decentraland (MANA) and Aave (AAVE) have recently gained traction in the cryptocurrency industry. Nevertheless, a new contender, Collateral Network (COLT), has arisen, capturing MANA and AAVE holders with its presale phase and $0.014 token price. Let’s look at it more.
Decentraland (MANA) releases a software development kit to improve its platform
With the release of SDK7 (Software Development Kit), Decentraland has expanded the possibilities available to its users and entered the alpha testing phase. Decentraland must speed up its move toward platform development for dApps, which is heavily reliant on business development and partnerships.
There are many benefits for those who hold Decentraland (MANA). Decentraland allows users to own virtual land, produce and exchange unique assets, and succeed in the metaverse. Buyers of cryptocurrencies are increasingly gravitating toward Decentraland’s (MANA) coin.
The price of Decentraland (MANA) is showing positive signs, which is good news for investors. Investors should take this prediction cautiously as market analysts anticipate that Decentraland (MANA) will reach $1 by the end of 2023.
Aave (AAVE) plans to reverse the protocol’s declining costs with new proposals
Aave is a decentralized lending protocol built on Ethereum that enables users to get revenue on deposited digital currencies and utilize them as collateral when taking out loans. Because digital assets can be used as collateral, Aave paves the way for anyone to access lending services.
By staking their tokens in the protocol’s dApp, users can contribute to the protocol’s security when there is a shortage of funds on the platform, known as a Shortfall Event, Staked Aave is transferred to the Safety Module, a smart contract.
At launch, Aave will only support trading pairs with USD Coin (USDC) and Ether (ETH). To reverse the protocol’s declining costs, Aave has relentlessly made improvements via new proposals.
Collateral Network (COLT) thrives as its presale is set to reach stage two
Collateral Network is the first decentralized blockchain-based lending platform for physical assets, and as such, it has the potential to revolutionize both the cryptocurrency and lending industries. Using 100% physical asset-backed NFTs, Collateral Network provides weekly passive income to lenders for facilitated peer-to-peer loans.
Collateral Network creates fractionalized non-fungible tokens (NFTs) secured by physical assets, and these NFTs are used to fund loans made to borrowers. A borrower will be fine with getting the money they need because various lenders can finance the loan. In exchange, the lenders receive a stream of passive income.
Investors can use assets such as jewels, watches, antique vehicles, and collectibles for lending and borrowing; however, with Collateral Network (COLT), these assets can be used for loans.
The COLT coin fuels the Collateral Network (COLT) ecosystem. Staking, lower borrowing and trading costs, VIP membership, and voting rights are just some of the perks available to those possessing COLT tokens.
For a short period during the second presale phase, you may purchase one Collateral Network (COLT) token for $0.014, and you will get a 40% deposit bonus. Although the presale has just begun, experts predict that in just five months, it will reach $0.35, yielding a staggering 3500%, before being listed in major exchanges.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here: