This April, three coins are at the forefront of this evolution: Collateral Network (COLT), Fantom (FTM), and ImmutableX (IMX). But what makes these coins pioneers in the evolution of cryptocurrency and blockchain? Let’s explore this further.
Collateral Network (COLT)
Collateral Network (COLT) is a unique crowdlending platform that provides borrowers with a simple and efficient way to access funds. Collateral Network (COLT) is based on a collateralized loan model, which means that borrowers need to provide physical assets as collateral to secure the loan.
What makes Collateral Network (COLT) stand out from other lending platforms is its cutting-edge approach to collateralization. Collateral Network (COLT) uses blockchain technology to mint fractionalized non-fungible tokens (NFTs) that represent the underlying physical collateral.
The use of NFTs as collateral on Collateral Network (COLT) offers several benefits for borrowers and lenders. Firstly, it allows borrowers to access loans without selling their physical assets, which can be particularly beneficial for items that hold sentimental or emotional value.
For lenders, the use of NFTs as collateral means that loans can be broken down into multiple small parts, providing lenders with increased liquidity. In addition, the blockchain-powered smart contracts on Collateral Network (COLT) also make it easier for lenders to monitor and manage their loan positions in real time.
Collateral Network (COLT)’s presale has kicked off in full force with investors flocking to grab discounted COLT tokens before they hit the exchanges and shoot up. The Collateral Network (COLT) presale is structured in tiers, with the price expected to rise with the conclusion of each tier. Right now, the price of the COLT token is $0.01.
Fantom (FTM) is a fast, secure, and scalable Layer-1 platform that uses a unique consensus mechanism called Lachesis to enable fast and low-cost transactions. But the real USP of Fantom (FTM) is its Directed Acyclic Graph (DAG) powered architecture that allows for a large number of transactions to be processed in parallel.
DAG makes Fantom (FTM) an ideal platform for decentralized finance (DeFi) applications and high-frequency trading. In addition, Fantom (FTM)’s interoperability with other crypto networks allows for instant and low-cost transactions across multiple blockchains.
Fantom (FTM)’s technical features haven’t gone unnoticed. A number of leading institutions, including the Government of Uzbekistan, have already expressed interest in exploring collaborations with Fantom (FTM).
Fantom (FTM) is doing well in terms of price, too. The coin is up over 50% since the start of January and is now one of the top 50 coins by market cap. Fantom (FTM) is expected to continue its upward momentum towards $1 as more projects are announced and the coin gains mainstream attention.
Last but not least is ImmutableX (IMX), a second-layer scaling solution for Ethereum-based DeFi applications. ImmutableX (IMX) allows for fast and cheap transactions, while also providing complete security.
ImmutableX (IMX) utilizes a ZK-rollups architecture, where transactions are collected into large batches and then stored in a single merged data set. By doing so, ImmutableX (IMX) reduces the amount of gas required to process each transaction by up to 90%, leading to much faster processing times and lower fees.
ImmutableX (IMX) is designed for developers who want to build low-cost, high-throughput applications on Ethereum (ETH). ImmutableX (IMX) has been successful in this regard, with Illuvium, Guild of Guardians, and hundreds of other projects already built using ImmutableX (IMX).
ImmutableX (IMX) is also doing well on the price front, with a pump of more than 100% since 2023 began. This has seen ImmutableX (IMX) become one of the top 60 coins by market cap.
Find out more about the Collateral Network presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.