Kelexo (KLXO) $0.05 Stage 2 Presale Captivates Ethereum Classic & Solana Investors Eyeing Significant Lending Market Share

The post Kelexo (KLXO) $0.05 Stage 2 Presale Captivates Ethereum Classic & Solana Investors Eyeing Significant Lending Market Share appeared first on Coinpedia Fintech News

Ethereum (ETH) Classic and Solana (SOL) holders are among the investors that made bank over the recently-concluded first quarter of 2024 and boy, are they looking to reinvest some of those gains just before the Bitcoin halving gains kick in.

Kelexo (KLXO) is one of the projects that is attracting major investment from Ethereum (ETH) Classic and Solana (SOL) holders as of stage 2 of its presale launch. With DeFi expected to make a sensational comeback in the next bull cycle, it is easy to see why industry observers are bullish on the prospects of Kelexo (KLXO) turning in outsized gains for early adopters.

Is Ethereum (ETH) Classic a ghost chain?

A ghost chain is a blockchain with little to no activity in its ecosystem, despite having liquidity and traders willing to speculate on its token. Ethereum (ETH) Classic has been tagged by many as one of the biggest ghost chains or crypto zombies around. Ethereum (ETH) Classic holds the distinction as being the original chain from whence today Ethereum (ETH) came from. What most people know as Ethereum (ETH) is, after all, a hard fork of Ethereum (ETH) Classic, which was created in 2016 to recover stolen Ethereum (ETH) tokens arising from The DAO hack. Purists worried about the moral hazard of rolling back the blockchain decided to maintain Ethereum (ETH) Classic as the unaltered version of Ethereum (ETH). Despite Grayscale backing of Ethereum (ETH) Classic, the ghost chain generated fees of less than $41,000 in 2023 against a current market capitalization of $4.4 billion as of press time. Ghost chain, much? You bet.

Solana (SOL) raising serious doubts about centralization

Solana (SOL) has received plenty of flak for its ridiculous level centralization. The so-called “network” has had comical multiple outages that have required engineers to restart the blockchain. The developers at Solana (SOL) Labs literally have a switch to reboot the entire network. It is centralized. On average, Solana (SOL) has experienced one outage per year, where the chain simply stops working for some reason. Who would want to invest in a coin they might not be able to move when they need it the most? According to critics, Solana (SOL) is an example of a VC-ran, pre-mined pump-and-dump with a marketing budget, corporate funding, dev teams CEOs behind their “product”, which is basically an unregistered software company one SEC lawsuit away from closing up and losing all value.

Kelexo (KLXO) democratizing crypto lending for the people in 2024

Groundbreaking P2P lending protocol Kelexo (KLXO) is making waves with stage 2 of its presale taking off in April to the delight of Ethereum (ETH) Classic and Solana (SOL) investors making up a substantial portion of its early adopters.

Kelexo (KLXO) follows a peer-to-peer model while enabling borrowers and lenders to connect with each other under its decentralized P2P lending marketplace designed for ease of performing lending and borrowing operations with no KYC, exorbitant fees, long processing times long loan disbursement times. Kelexo (KLXO) is the next logical evolution of earlier lending protocols like AAVE and Compound, which functioned during the crypto winter of 2022 even as centralized lenders like Celsius went out of business.

Kelexo (KLXO) iterates on their model by creating a platform that is as easy to use as eBay or Amazon is. With Kelexo (KLXO), prospective borrowers and lenders will find it easy to avail of credit and provision loans in a few clicks. All agreements are powered by smart contracts and transactions facilitated with its native Kelexo (KLXO) token, available at a discounted price of $0.05. This gives Kelexo (KLXO) superior moon potential once DeFi completes its comeback in 2024.

Find out more about the Kelexo (KLXO) presale by visiting the website here.