I got an email today that the SALT loans are now live and it is also posted on Twitter!
Dear SALT Community,
Also posted was this:
As a thank you to our community, we will be allowing members to repay both their principal and interest with SALT (valued at retail price) instead of US dollars. Terms and conditions are subject to change and limitations. Final terms determined at the origination of each loan.
Below is a pic from my SALT wallet.
Does this mean we can repay our loan in SALT tokens at the retail price of $27.50?
If so SALT is very under priced on the exchanges and it won't take long for people to figure out you can buy tokens for $13-15 each and get a $27.50 credit each when repaying your loan. (Currently loans are only available in the U.S.)
If so I expect to see SALT go near $27.50 soon, if "retail price" means an exchange's price then probably not!
What are your thoughts?
Below is a link to the Tweet!
Best of luck to us all!
Disclaimer: This is not investment advice and is for informational purposes only.