Tokenization of property and real-world assets (RWA) is the current trend in web3. With Avalanche’s recent launch of Avalanche Vista, other projects in the tokenization space are getting a boost. This includes Everlodge, a holiday and property solution, and Mantle, which has just integrated with Pendle. Cronos’ centralized exchange Crypto.com allows access to the Pendle token.
Everlodge in the Airbnb of Crypto
Everlodge will use tokenization and NFTs to fractionalize hotel and vacation home ownership. They then will sell fractions of properties via their marketplace. This means users can buy a stake in a hotel or property for as little as $100. If the property price rises, the NFT rises in value accordingly.
$EDLG, the native token, is in presale. The coin allows the holder’s timeshare stays in luxury hotels and properties or the ability for people to rent out their stays on airbnb. Token holders will also get discounts on the property NFTs and maintenance fees. There is also the ability to stake EDLG, receive passive income, and secure the ecosystem.
The team underwent KYC verification and conducted an audit on the smart contract. Locking the liquidity pool for 8 years demonstrates a commitment to the project.
Analysts predict that the price of ELDG will increase by approximately 280% during the presale and is about to experience a 30x rally on the day of launch.
What are Mantle and Pendle?
Mantle, a layer 2 blockchain, is under the management of a decentralized autonomous organization (DAO) that originated from BitDAO, an initiative led by ByBit, a CEX.
Its primary mission is to support and empower builders in the cryptocurrency domain. Noteworthy investors like Peter Thiel, Founders Fund, Pantera Capital, Dragonfly Capital, and Animoca Brands are backing this project. The DAO governs its decision-making process using its new native token, MNT, which also serves as the native gas token for transactions within the Mantle network.
The BitDAO governance forum recently received a proposal, and the community agreed to establish a $200 million ecosystem fund exclusively for Mantle. 100 million USDC will be provided from BitDAO’s treasury. The Mantle EcoFund dedicates itself to nurturing the Mantle developer community and has forged partnerships with numerous global stakeholders. The main goal of EcoFund is to invest in projects developed on the Mantle blockchain. Support includes financing, strategic guidance, industry connections, and go-to-market strategies.
DeFi Player Pendle recently integrated with the Mantle Blockchain. It’s a tokenized yield protocol that lets you access the yield of future assets. When you deposit assets in Pendle, they split into the principal token (PT) and the yield token (YT). This means you can get discounts on tokens, amp up your yield game, and try different investment strategies.
MNT is very new, as the token was previously $BIT, and PENDLE (founded in 2021) is up by an impressive 1100% on yearly.
Cronos Brings Access to Exciting Tokenization Platforms like $PENDLE.
Cronos ($CRO) is the token of the Cronos blockchain and CEX Crypto.com. It has seen a significant uptick in trading volume and price action over the last weeks, up by 30% on the monthly chart and down by 57% yearly.
Cronos attracted attention in late 2021 when they paid around $700 million for a 20-year deal for the naming rights to the Staples Center. As of December 25, 2021, the stadium was renamed the Crypto.com Arena.
Cronos blockchain powers the Cosmos blockchain, making it an excellent choice for interoperability, and this is likely one of the reasons why it supports the purchase of Pendle. That said, a few days ago, Binance also added a trading pair for PENDLE, and they have also received funding from Optimism and Mantle.
Find out more about the Everlodge (ELDG) Presale
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