Conflux (CFX) became a part of the crypto market in April 2019 as the only crypto coin that has the approval to operate in China. But there is another, potentially even more attractive coin set to surge 35X in the next few months.
We will look into why investors are so pumped about this new crypto gem and why it could be the most profitable project on the market.
What is Conflux?
Conflux (CFX) is a public blockchain that features a consensus protocol called Tree-Graph. Conflux (CFX) uses this protocol to improve the blockchain’s scaling capabilities concerning networks like Ethereum that already exist on the market.
The Conflux (CFX) Network was founded in 2018, and the project was released in April 2019. It was developed by Dr. Andrew Yao, a Turing Award winner. Conflux (CFX) was created with two goals in mind – breaking into the Chinese market and making crypto faster.
The Conflux (CFX) blockchain uses a proof-of-work (PoW) consensus mechanism to enable people to add blocks to the blockchain and get rewards. However, because PoW consensus mechanisms use a lot of electricity, Conflux (CFX) switched to a mix of PoW and PoS consensus mechanisms instead.
After the launch of the Conflux (CFX) coin, the price of the coin went from $0.08 to $1.70 in less than a year. Since then, the Conflux (CFX) price has decreased and has seen steady gains in recent months.
What Is the Other Crypto Gem That Offers the Biggest Gains in 2023?
Collateral Network (COLT) is the first decentralized lending platform on the blockchain that enables people to borrow crypto from the community by leveraging their real-world assets.
Crypto experts and analysts have predicted a 3500% growth for the project citing the fact that Collateral Network is the only lending protocol on the market that is looking to bring off-chain assets to the blockchain to facilitate the borrowing and lending process through DeFi. The potential to disrupt the global asset-backed lending market is huge and should the team achieve it the price of the token could be astronomical making it the next blue chip project.
The team at Collateral Network is fully doxxed and KYC audited with many years of experience in the crypto and asset lending industry. Additionally the smart contract has been audited by both SolidProof and InterFi network. The team tokens are locked for 2 years and the liquidity pool will be locked for 33 for added peace of mind to token holders.
Even though Collateral Network (COLT) is still in its public presale phase, it already achieved 40% returns for its early buyers..
Collateral Network is among the hottest crypto projects in the DeFi market and 35X returns predicted, now would be a good time to add this token to your portfolio..
Learn 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.