The post Kelexo (KLXO) Stage 2 Ignites P2P Lending Frenzy: Ripple & Cardano Investors Rally for $0.05 Coin Opportunity appeared first on Coinpedia Fintech News
Investors are looking to boost their earnings with the market going through a dip period. Some are looking for tokens to help diversify their losses in the last few days. As all savvy investors and crypto traders know, presale tokens come with the sweetest deals and earnings in the crypto market.
The Kelexo (KLXO) token is the latest token buzzing in the market. As a P2P crypto lending platform, Ripple (XRP) and Cardano (ADA) holders are rallying behind Kelexo (KLXO) to boost the token value in the coming days. Now selling at $0.05 per token, Kelexo (KLXO) is the best investment of 2024.
Ripple (XRP) drops 7.2% in token value in the last seven days
Ripple (XRP) is a decentralized finance solution. Designed to have a central authority, Ripple (XRP) allows transactions across multiple blockchains with ease and guaranteed security. This is why the crypto market has placed its trust in the platform functionality.
One unique thing about the Ripple (XRP) protocol is that while it has centralized governance, the native token is run on a decentralized ledger system known as the Ripple (XRP) Ledger.
In the last few days, Ripple (XRP) dropped about 7.2% in token value, dropping its total market cap to $31B. Now ranked #7 in the crypto market, Ripple (XRP) has a total supply of 100 billion. As of writing, there are rumors that holders of Ripple (XRP) may be dumping the token for Kelexo (KLXO) and this comes after its daily trading volume dropped by 17%. With this significant drop, Ripple (XRP) is the world #14 highest trading crypto.
Cardano (ADA) ranks #28 by daily trading volume
In the last seven days, it has been hit by a 10.5% drop in token value. With a total supply of 36 million tokens, Cardano (ADA) now has a total market of $20B. Cardano (ADA) is now ranked #9 in the crypto market based on this value.
This drop in market value doesn’t seem to have affected the daily trading volume of Cardano (ADA), as the token is still the #28 highest-traded crypto in the market. Some have suggested that Cardano (ADA) hasn’t seen its last drop and holders are to be careful.
How does borrowing tokens on Kelexo (KLXO) work?
Signing up on Kelexo (KLXO) has been made simple. Those who want to lend out their token through Kelexo (KLXO) must sign up and fill out the form as necessary. The sign-up process has been shortened so as not to last more than 2 minutes. This is partly because Kelexo (KLXO) does not require users to upload a series of documents and identification, meaning the platform doesn’t use the KYC process.
Once sign-up is done, users will then go ahead and list the tokens available with their terms and conditions before Kelexo (KLXO) can accept their listing. The sign-up process is the same for those who want to borrow tokens through Kelexo (KLXO). Once a borrower finds the token he wants, he will read the lender terms and conditions.
This includes details such as LTV value, payback date and process, interest rate and other information. If a borrower agrees to the terms, then the deal is set. This is the simple process of borrowing tokens through Kelexo (KLXO).
You can click here to learn more about the Kelexo (KLXO) presale activity.
