Home Forums coins Ethereum ERC20 Tokens Salt What is Salt?

  • This topic has 4 replies, 4 voices, and was last updated 3 years ago by Anonymous.
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    • #27088
      Coins
      Keymaster

      What is Salt?

      SALT lets you leverage your blockchain assets to secure cash loans.

      Learn More: https://coins.community/salt/

    • #27254
      Anonymous
      Inactive

      I have never heard of SALT prior to bumping on this thread. I did a quick research on this topic. Current, value for SALT is $4.47. SALT Lending Technology is to keep your bitcoin, ethereum & crypto and get cash. According to the recent news, SALT Lending has issued $40 million in asset-backed loans for cryptocurrencies investors.

      • #27256
        Coins
        Keymaster

        Yes, they allow you to take out a loan on your cyrpto holdings, using them as collateral. If I recall correctly, when you repay the loan, you get your full amount of crypto back no matter the current market rate, unlike if you where to just sell them.

    • #27734
      Anonymous
      Inactive

      Not too keen on the idea of taking out a loan. But of course, it’s a financial vehicle and it will probably work for somebody! At present, I don’t want to create debt. I’m trying to create wealth.

    • #28052
      Anonymous
      Inactive

      Salt is a platform that enables you to put up your crypto as collateral in exchange for a cash loan. This works great if you do not want to sell-off your blockchain assets, and need some money for a big purchase of some kind. I like Salt because they never ask you for your credit score, and it only uses the value of of your crypto collateral to determine the terms of your loan.

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