Here’s what’s going on with SALT now

Here’s what’s going on with SALT now…

It successfully launched its platform, as scheduled, at the end of December.

In its first week of live operations, it received funding requests of over $500 million. SALT is taking a methodical pace, and it has funded $7.1 million in loans backed by bitcoin and Ethereum so far.

If getting a half-billion dollars in pending business wasn’t enough, SALT just implemented a form of staking called “proof of access.” Staking is where you set aside a certain amount of tokens and receive certain benefits. In SALT’s case, you can use your staked balances to qualify for lower fees and reduced interest rates.

This is super bullish for SALT. It’s creating a brand-new source of demand for the SALT token that is not yet being reflected in its price.

But there’s more: SALT announced that loans can now be repaid using SALT tokens. SALT tokens currently trade around $11, but they retail for $27.50 when you buy them off the SALT platform. Here’s what’s great about that… SALT will value your tokens for loan repayment at $27.50.

So, if you borrow $100,000, you can spend $50,000 on SALT tokens in the open market and then redeem them against your loan for a value of $100,000.

It’s free money.

salt is a buy upto 20$ 🙂.