SALT Lending — Hold your assets, get your cash.
The SALT Lending Platform allows holders of blockchain assets to leverage their holdings as collateral for cash loans. SALT is the first asset-backed lending platform to give blockchain asset holders access to liquidity without them having to sell their tokens. SALT provides investors with an innovative and secure opportunity to lend against a high-growth asset class through a fully-collateralized debt vehicle. SALT is traditional lending secured by non-traditional collateral.
Source
The membership sale for SALT Lending is currently under way at $3 per token/membership. It opened at this price this morning and is already down to 40% left at time of writing and dropping fast.
The next tier will be $5.
You can join and buy your tokens here
[referral link]
Bitcoin, and Ether deposits directly and altcoins using Shapeshift.
They have said that they'd like to have memberships at a minimum of $10.
It's an interesting project with a good team, and has gotten some decent exposure recently.
Take some time to read their FAQ
You can join and buy your tokens here
[referral link]
Bitcoin, and Ether deposits directly and altcoins using Shapeshift.
EDIT:
Tier $5 has already started. After $5 I believe it goes to $7.50.
Referral links for lending? Is that legit or scarey stuff?
The referral is for the membership/token sale not for the lending aspect of it, once the membership sale tiers are over they will launch the actual service.
Here is the Membership Referral Guide from their site
This is a pretty clever concept. Do SALT hold your tokens as collateral until you have paid your debt in full?
Yep exactly. The borrower hands over the asset, receives their loan, makes payments over time, and the asset is released once the loan is paid. The borrower retains ownership of the asset, and can also even sell the asset to repay the loan if they need to. Check out their FAQ they've done a good job.
Looks like it just moved to the next tier of $5! The $3 tier went by so fast, I was watching it.
I think the next one after this is $7.50
Tanks for the information 😉👌
Look at my post please. https://steemit.com/bitcoin/@inversor/blockstream-is-using-satellites-to-beam-bitcoin-down-to-earth
Saying that though, it is ok if the value of your token goes up or stays the same. What if it falls? You would find yourself in negative equity, where the value you have to pay back is more than the asset is worth.
Although I guess it is the same with any loan against an asset.
Found that answer for you:
Got in on tier1 and just got in on tier 2 20 minutes ago...Salt will be a huge success.
Nice. I think it's going to be very big as well.
Nice your
I hope I'm approved soon. Thanks for the the heads up! Keep On Steemin On!!
Looks like it's at 20% left on the $5 tier! Hopefully you get through soon. Next tier is $7.50 then $10.