The presale of Collateral Network (COLT) has generated a lot of buzz in the crypto world. Analysts have projected Collateral Network’s market value to grow by 3500% during the presale phase, and over 100x in 2023. Collateral Network’s presale tokens are selling out quickly, as numerous holders of Flow (FLOW) and Bitcoin (BTC) are joining it.

Flow Partners With Google Cloud For Web3 Accelerator Program

In a major event, Flow has joined hands with Google Cloud to accelerate the adoption of blockchain technology. The Flow network revealed that it would contribute a grant of $1 million to help next-gen startups working in the Web3 arena. Under this Web startup accelerator program by Google and Flow, selected projects can get up to $200,000 over 2 years in Google Cloud credits, and access to Google Cloud Web3 products.

This will help Flow attract new users and developers to its network. Meanwhile, Flow has reached a major milestone after recording over 20 million accounts on its network. However, Flow’s performance on the price chart has not been satisfactory, as it has plunged by 5% in the last week. At the time of writing Flow (FLOW) is changing hands at $0.89.

Bitcoin’s Mining Difficulty Hits New High

After trading in the red zone for the last few days, Bitcoin has returned to the green side. The price of Bitcoin has registered a surge of 4% in the last few weeks. Thus, at the time of writing, the trading price of Bitcoin (BTC) has increased to $29,166.46. The prime reason behind Bitcoin’s rebound has been an increased number of miners on the network. 

This development can be corroborated by the fact that the mining difficulty of Bitcoin has reached a new peak of 48.71T. Bitcoin’s mining difficulty has witnessed a rise of around 64% over the past year. Besides, bullish sentiments around Bitcoin became stronger after Jack Dorsey’s fintech-payments company, Block, purchased a large number of BTC mining chips from Intel.

Collateral Network Presale To Give Marvelous ROI

Collateral Network has built an ingenious platform that enables SMEs and individuals to unlock liquidity from tangible assets on the blockchain. Collateral Network accepts a wide range of physical assets like wine, watches, fine art, gold, and many more.

Collateral Network does not require users to disclose their credit history before availing a loan. After receiving collateralized assets, Collateral Network takes their legal possession, and stores them in its vaults for loan tenure. 

Collateral Network mints fractional non-fungible tokens (NFTs) against these assets, after they are accurately valued using artificial intelligence. These NFTs are fractionalized and sold to multiple investors in an open marketplace. While borrowers can take loans at competitive interest rates, lenders will receive a fixed passive income per week.

Collateral Network initiates loan procedures only after receiving physical assets, and not against any future income source. Since all non-fungible tokens minted by the platform are 100% backed by real-world assets, their value remains unaffected by any market crash.

The presale phase of Collateral Network has made a big stride in the crypto world. Currently, COLT tokens can be locked at $0.014, and a deposit bonus is also available for a limited period. Investors are purchasing COLT tokens as their price is projected to increase to $0.35 before the presale phase ends. The market value of Collateral Network (COLT) token is expected to rise by 100x after going live on exchanges.

If you are looking to benefit from COLT’s predicted rise from $0.014, check out the links below to find out how you can benefit from a 40% purchase bonus.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.