​​New Collateral Assets on Binance Loan Find out what collate | Crypto Sale

​​New Collateral Assets on Binance Loan

Find out what collateral assets has Binance added to the Binance loan program. Also, in this article, we will talk more about Binance loans.

In yesterday’s tweet, Binance announced new collateral assets on Binance Loans. These new assets are:

ASTR
ASTR is native token of Astar network. Astar network is a scalable and interoperable Web3.0 infrastructure. Because Astar Network is built on Parity’s Substrate framework, it has the potential to become a future Polkadot parachain that also serves as a scalable smart contract platform. Polkadot Relaychain does not support smart contracts. Thus, this gives Astar the opportunity to fill the gap. Scalability is one of the most important requirements for dApp developers. Ideally, developers can build any apps they want on Astar Network without worrying about scalability.

IOTX
IOTX is an Ethereum token that powers IoTeX network. IoTeX is a decentralized network of users, developers, and businesses that govern and use the platform collectively. This is a one-of-a-kind blockchain network. As an EVM compatible Layer 1 blockchain, it provides blockchain benefits to smart devices, Dapps, and NFTs. In its decentralized ecosystem, IoTeX aims to ensure that individuals and businesses may own and control their data and devices. Its goal is to democratize access to machine-backed DApps, assets, and services in order to connect the physical and digital worlds and drive the new machine economy.

KNC
KNC is a native token of Kyber network. The Kyber Network is a protocol that seeks to provide liquidity to decentralized products and simplify ERC-20 token swaps. This protocol collects liquidity from many sources (reserves, exchanges, etc.) and uses it to enable instant swaps of ERC-20 tokens.