I bought SALT last year, and today, I just signed for SALT membership.
I am waiting for the verification. Who knows what the future holds?
Here is an abstract of the new Lending company.
Please, take your time and read: it is very interesting.
I have also attached the link for the membership for anyone interested!
https://membership.saltlending.com/register?r=CUihg
"Let's all make a smart move and make profits"
Abstract:
SALT is a membership based lending and borrowing
network that allows users to leverage their
blockchain assets to secure cash loans. Our Secured
Automated Lending Technology is a protocol and
asset agnostic architecture designed to adapt to the
constantly growing class of blockchain assets. The
system is designed such that, if you have an asset you
want to hold on to, you can borrow the asset you want
to spend, regardless of credit history or geographic
constraints. The SALT Platform is automated,
efficient, and cryptographically secure. It offers a
compelling solution to the problem many consumers
face when they need or want cash to make a
purchase, but do not wish to liquidate their assets.
Instead of selling, SALT enables the members of the
SALT Lending Platform (Members) to 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. SALT is a lending platform
specifically designed for blockchain assets;
operating as a second layer protocol which sits atop
any public or permissioned blockchain, allowing the
underlying asset to be used as collateral for access to
credit.
SALT also offers lenders a powerful, globally
available solution to access a rapidly expanding and
immediately addressable borrower base, while
providing new tools for managing lender risk. Unlike
traditional forms of collateral, such as real estate and
automobiles, blockchain assets are divisible,
fungible, and in many cases instantly transferrable.
These potential advantages can be fully realized with
SALT’s volatility risk mitigating technology.
- Our Vision
People are happiest when they have access to the
things they need or want. This is called purchasing
power and it’s what credit provides. Over the years,
the lending landscape has gone through several
periods of change, and blockchain technology is
driving the next evolution. Income-based lending is
borrowing from the future to spend money today.
This exists in contrast to asset-based lending, which
is a form of monetizing assets already owned. At
SALT Lending, we see a future where people worry
less about their credit score and spend more time
recording and monetizing the assets they already
have. We seek to enable a new way of monetizing an
ever-expanding universe of blockchain assets.
At SALT, we believe that in the not too distant
future, ownership of all assets will be recorded and
transferred on various blockchains. The increasing
recognition of personal assets, at low cost and in a
secure and immutable way, will offer consumers
greater financial freedom. The SALT Lending
Platform is a system that seeks to give value to
previously latent capital, unlocking the wealth within
physical and social assets, providing a new source of
money creation.
- Background
Created in the wake of the global financial crisis,
Bitcoin, and its underlying blockchain technology,
sparked a wave of innovation that has changed the
way people think about transferring and storing
value. The distributed ledger technology that
underpins Bitcoin, and other digital assets,
decentralizes the tasks of tracking and validating
financial transactions. This technological
breakthrough streamlines settlement systems that
had previously relied on fallible third-party
intermediaries. The intrinsic benefit of this new
technology has led to explosive growth in
blockchain-based assets, which exist within a highly
secure digital infrastructure. Reliance on
intermediaries that introduce counterparty and
settlement risk, in the context of blockchain assets,
has been replaced by trustless, open-value networks
which operate without the constraints of
geographical borders or market hours.
Holders of digital assets have limited liquidity
options in today’s cash based digital economy.
Bitcoin was the first peer-to-peer electronic cash
system enabling trustless transfer of value and we are
witnessing the emergence of a new asset class based
on value networks. Some of these blockchain assets
are natively digital, others are digitized forms of
traditional assets which, like Bitcoin, face critical
liquidity challenges.
Resolving liquidity challenges is important because
spending drives growth in economies and is based on
the summation of money and credit available.
Bitcoin and its associated blockchain technology
created an efficient, trustless cash network free from
expropriation through unknown inflation, but
Bitcoin’s inventor Satoshi Nakamoto neglected to
address credit. Credit links savers and borrowers and
is as important as cash markets to an economy’s
financial development, because it represents
spending in the economy on an order of magnitude
greater than cash based transactions. Distributed
ledger technology allows for transaction and
settlement without counterparty risk. However, the
purchasing power held within this new blockchain
technology need not be limited to assets held. The
access to credit provided by the SALT Lending
Platform is intended to let the world of blockchains
grow beyond the economic limitations of simply
buying and liquidating assets. Credit is not only an
important economic factor, it is a vital component of
personal financial freedom and, along with asset
accumulation, gives individuals greater purchasing
power. Crypto-credit products, like those accessible
through the SALT Lending Platform, offer a
revolution in personal finance by granting control
over the medium of exchange to owners of
blockchain asset based wealth who wish to preserve
their assets, rather than spend them.
Traditional financial institutions often face
significant challenges adapting to changing
landscapes. This is especially true of the assetbacked
credit market, where there is still no product
offering an adequate solution for monetizing the
value of blockchain assets without forcing
liquidation. Technological, custodial and regulatory
barriers have prevented existing financial service
companies from overcoming the risk needed to
operate in a system without centralized oversight.
This has left blockchain asset holders with limited
borrowing options in today’s digital economy.
SALT’s Secured Automated Lending Technology
creates a solution that removes many of the barriers
that have kept traditional financial institutions, and
their capital, from serving the rapidly growing base
of individuals and businesses holding assets on
blockchains. The SALT Lending Platform provides
the tools to mitigate the risk of asset price volatility
and borrower default, giving investors the ability to
safely lend against blockchain assets.
A blockchain asset is a natively digital asset like
Bitcoin or a digitized traditional asset like digital
gold, a stock, or a title; where the record of
ownership is recorded within a public or
permissioned distributed ledger network. All
blockchain assets have the potential to be used as
collateral for Blockchain-Backed LoansÔ, subject to
lender determined collateral suitability.
The SALT Lending Platform is intended to facilitate
the creation of lending agreements, secure and
monitor the value of the blockchain assets acting as
collateral, and automatically enforce the terms of
each smart contract credit agreement. This low-cost,
efficient technology gives investors and institutions
a way to lend against a new asset class, while
addressing the needs of a massively underserved
borrower base. It is also designed to provide a new
way for individuals to access the value of their
blockchain assets that does not involve a liquidation
of their asset. Deficiencies inherent in traditional
forms of collateral can increase costs to borrowers,
decrease liquidity, and necessitate the need for
income-based credit evaluation. SALT’s technology
was built to address these shortcomings, while
emphasizing the aspects of blockchain assets that
make them a functional form of collateral -
divisibility, fungibility, and transferability. With
SALT, blockchain assets are transformed into
collateral that can be incrementally liquidated in a
calibration process intended to ensure
overcollateralization in a fast, trustless, and secure
process. Blockchain-Backed Loans™ offer a new
mechanism through which lenders can indirectly
gain exposure to digital assets in a regulated
environment with sophisticated tools for managing
the risks associated with lending.
(Credit: SALT)
