Something big is visiting the crypto space with the potential to change the DeFi market. Crypto enthusiasts are flocking around the new lending platform, Kelexo (KLXO), as its presale attracts investors from Litecoin (LTC) and Mantle (MNT). Kelexo’s (KLXO) stellar growth in its early stages is proving enough to convince investors to buy into the project.
Litecoin (LTC) and Mantle (MNT) have been pretty impressive lately, recording a good increase over the previous month. Still, compared to the explosive potential of Kelexo (KLXO), investors are favoring a move to the new lending platform.
Litecoin (LTC) investors prepare for price decline
The recent rise of Litecoin (LTC) is tempting many investors to believe that the glory days are on their way back. Litecoin (LTC) is one of the earliest cryptocurrencies and was touted as the next best thing after Bitcoin. Some analysts believed the coin could be a close second to Bitcoin, but that has not been the case. In fact, according to data from CoinMarketCap, whereas Bitcoin is #1 based on its market cap, Litecoin (LTC) is ranked as #19.
It seems Litecoin (LTC) is on the path to bouncing back as the coin has seen an increase in its transaction volume. Litecoin (LTC) appears to be recording a higher-than-usual transaction volume in the last month as whales took profit in the market.
With the declining whale activity, investors believe Litecoin (LTC) may face a decline soon, prompting them to look to other projects to continue making profits, with Kelexo (KLXO) at the top of their list.
Mantle (MNT) launches new reward station
Mantle (MNT) is a layer two blockchain network built on Ethereum. Mantle (MNT) has experienced some interesting new developments on its network. The new reward station, which will allow users to lock their tokens into a vault and accumulate rewards, is now live on the Mantle (MNT) network. According to reports, these rewards are fully backed by the Mantle (MNT) treasury.
With this new development, Mantle (MNT) is expected to see more usability, resulting in an upward rise in value. It is reported that the South Korean crypto exchange platform, Upbit, is prepared to list Mantle (MNT) trading pairs with Bitcoin (BTC) and Tether (USDT) .
Kelexo (KLXO) is seeking to leave an impact on DeFi
The new lending platform has no intentions of conforming to the norms of the industry. It comes with a new disruptive approach that puts users at the center of its operations and runs with a decentralized governance model.
With Kelexo (KLXO), loan acquisition is as simple as it could be. There is no KYC, no burdensome application process, no delay in releasing funds and no stringent repayment plan. Users only need a username, an email address and a password to get started on the Kelexo (KLXO) platform.
The process of applying for a loan on Kelexo (KLXO) is straightforward. There is no need for a middleman and transactions are completed very fast. Payouts are instant and users enjoy a flexible repayment plan with rewards for early repayment.
Kelexo (KLXO) is in the first stage of its presale, with a token selling for only $0.05. It has a total supply of 550 million tokens and they are selling fast.
We believe Kelexo (KLXO) has much room for growth in value and utility and with its decentralized governance, token holders can help guide it to more growth.
You can check out the Kelexo (KLXO) presale here.
