SALT Lending: Loans for the 21st Century
When you look around the world of crypto, you see a lot of utility tokens promising to replace traditional finance. One token that has caught my attention recently, is SALT.
The SALT lending platform is designed to be a haven for lenders and investors to meet in a safe environment.
In the past, if crypto hodlers needed to receive fiat for their assets, they would have to sell them and create a taxable event. With the SALT platform, you can stake your coins as collateral and receive a loan in the fiat currency of your choice.
Currently, the coins available to stake are Bitcoin and Ethereum with plans to add more - I spoke with a SALT representative today, and they are in talks with the Litecoin team.
Your Past Does Not Matter - Your Blockchain Assets Do
One of the advantages of SALT lending is that credit scores do not apply - your digital assets are your credit score.
This could be a game changer for folks that are recovering from poor decisions in their past. Banks and lending agencies are wisely hesitant to share their funds with people who have a checkered history.
Also, it may be some time before traditional financial institutions see blockchain assets as sufficient and capable collateral for receiving a loan. As long as you prove you have the coins with the SALT platform, you may receive a loan.
Buying Opportunity
At the moment, you have a guaranteed chance to triple your funds by purchasing SALT tokens.
On the open market, SALT coins are selling for $8 USD, and they are worth $27.50 on the SALT lending platform. You will need those SALT tokens to pay off the loan you receive through the platform.
Yes, you can ask for a loan for $5000, purchase about 1/3 third that amount of SALT, and pay off the $5,000 loan in full.
If you are looking to find some SALT tokens, you may find them trading on the following major exchanges: Binance, Bittrex, and Huobi.
I know a sure-fire way to catch a bird is by placing salt on its tail :)
Lol, I always wanted a Blue Jay. :)
This is a very good analysis , a good one to explore for loans. Thanks for sharing.
Thank you @charles1, that is kind of you. Glad you found some value.
perfect buying opportunity thanks for sharing about it in details looks a good thing
You’re welcome.
SALT is the best coin to hold right now
it is certainly a good one.
Now holding salt feels like i did the right thing ...thanks for sharing this great post got to know a lot :)
Great to hear you have some! :)
I always have the feeling with this there is some kind of catch here.. But I guess there isnt right
I have not found one. When you have the founder of Shapeshift on your board, that carries some weight.
I have been hearing great things about salt lately, I will look more into it but thank you for sharing this info as well
You are most welcome.
Excellent contribution friend, and what interest rates does SALT handle?
I have been hearing 10-12%. It depends on the lender that you work with.
The thing is if the market is saying SALT is worth $8, and that the platform is accepting it at $27.50, the market is basically telling you the platform is either a scam, or is a hunk of crap.
As with any investment, we can do our due diligence to find some gems.
Useful post @lydon.sipe
Thank you @ridhasteem.
Your welcome brother @lydon 😊
Nice to meet you 😊