💰👁 SALT ICO: blending traditional lending with cryptocurrencies
Hi, crypto community! This simple article is to summarize the SALT (Secured Automated Lending Technology) project. This new lending service issues fiat loans to people by considering their cryptocurrency holdings as collateral.
SALT gives lenders a new vehicle for investing in blockchain assets while allowing borrowers to simultaneously preserve and capitalize on the value of their holdings.
The team wants to create a mechanism with which lending terms of any type can interact in a peer-to-peer way with contracts that are enforceable without counterparty risk.
Source: SALT Lending
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What do you think about SALT?
Are you going to participate to the crowdfund? I bought some. 😉
