SALT!!! FREE MONEY!!
STEP 1. buy salt on binance exchange....https://www.binance.com/?ref=16751871
STEP 2. sign up to salts platform.... saltlending.com
STEP 3. transfer salt to platform(valued at 27.50 on their platform)
STEP 4. apply for loan using your bitcoin or ethereum as collateral
STEP 5. pay off loan with salt tokens valued at 27.50 when you just bought them for 11.90 on binance!
FREE MONEY
This legit?
YES 100 percent legit! The price of salt wont be this low for long! Literally got an email today saying they had 550 million dollars worth of loan requests in the first week of salt loans going live! if you dont do a loan at the very least buy the token and hodl!!
it will explode in 2018
I've looked at the website. It's certainly an interesting model.
Do you know of anyone who's received a loan? Might there be other aspects that would reduce the chances for this sort of arbitrage?
It's not clear to me exactly how the salt token figures in the loan arrangements. Their white paper ('abstract') identifies the role of the blockchain in recording transactions, facilitating smart contracts that action the loan agreement etc, but I don't see where Salt is used for payment, other than for some kind of membership fees.
Perhaps I'm misreading their publication, but I don't think the arbitrage you identify would work in the way you suggest.
It seems like it's worth signing up for at least, and hodling
In the interests of self-promotion, here's a referral link:
https://membership.saltlending.com/register?r=TDS84
They wont except SALT tokens to pay down principal like they are now forever!! Just to lower interest!! But to incentive people to take loans they are currently allowing it
repeat till 1 million dollars?
Has anyone tried getting a Salt loan?