This Christmas you may say to you family member or friend pass the salt, but now what if I told you Its not Salt packs or Morton salt you buy at the Grocery Store for that warm Christmas family dinner.
No its not that salt but this salt you buy in Bits and pieces. A Cyptocurrency that getting The attention that rightly salted and ham of turkey Gets when you put in you mouth and Yummy!
But again you do not ingest this salt.
This Salt is a CyproCoin Block Loans.
When googled
Explained as “traditional lending secured by non-traditional collateral”, with a SALT a borrower's assets like Bitcoin and Ethereum can be fully acknowledged and used as collateral. ... In so doing, the project's Members can maintain a long position in a chosen blockchain asset as well as plan tax events.May 19, 2017
SALT is a membership-based lending and borrowing network that allows users to leverage their blockchain assets to secure cash loans. On the SALT platform, users can obtain loans using their cryptocurrency holdings as collateral.
With SALT, users can leverage the value of certain digital assets, thereby giving them access to cash, offsetting tax events, avoiding exchange fees and maintaining their long position in the asset they hold.
Users need to obtain SALT tokens in order to participate on the platform and obtain loans. The more SALT tokens users spend each year, the larger amount of borrowings they can obtain.
With the SALT platform, users can obtain liquidity from their cryptocurrency holdings without selling them, just like other traditional asset classes such as stocks, bonds, real estate, and commodities.
SALT loans are exclusively collateral-based, which means that the borrower’s credit history is inconsequential. Any user’s collateral has the same value to lenders as anyone else on the platform, regardless of each user’s credit score.
The picture below shows the process of obtaining a loan on the SALT platform:
SALT-how-it-works.jpg
The project was conceived in 2016. In early 2017, SALT completed a seed capital funding round, raising over $1 million. All executive members of the team and board members have contributed personal funds to the development of the software and the company.
In March 2017, SALT created the first Blockchain-Backed Loan Agreement.
SALT expects to launch in 2017 Q4, and the Development Platform API & Dev Tools in 2018 Q1.
This token is used to have the access on the lending program.
The picture below shows the different membership tiers:
The Market Price for Salt Coin
is currently $8 percoin
SALT COIN $7.91 USD (1.68%)
0.00054528 BTC (10.00%)
0.01674750 ETH (-1.53%)
Buy / Sell Instantly
Market Cap
$399,630,498 USD
27,555 BTC
846,300 ETH
Volume (24h)
$20,064,100 USD
1,383 BTC
42,490 ETH
Circulating Supply
50,532,920 SALT
Total Supply
120,000,000 SALT
