SALT
SALT became my friend at a little over 7USD December of 2017 (it has since doubled) and I think this is just the beginning for this "first of its kind" coin! I want to be "worth my salt" (seriously, I almost gagged on that pun) with this prediction by giving you a little bit of a rundown on the Secure Automated Lending Technology that is the platform the SALT coin has functionality on.
Poor credit, no credit? NO PROBLEM! SALT allows you to borrow regardless of your credit score as long as you are holding enough crypto to act as collateral for your loan. If you've been to many countries other than the US, you may have been surprised (or taken it for granted as a fact of life) that people actually have to have cash-in-hand in order to purchase property, buy businesses, a car, etc. This lending platform is going to revolutionize the world!
As long as you are a holder of blockchain assets, you can get fiat currency loans with your crypto held as collateral. How cool is that! This spells LIQUIDITY! You can go buy that car, piece of property, piece of art - whatever... Regardless of what country you live in.
At the end of December, this platform was launched and over half a billion has already been requested in loans. Would you say there is demand out there? This reminds me of the concept of having whole life insurance where your money can grow and provide generational wealth even while you borrow from your account and basically act as your own bank. This allows the same concept to be possible with cryptocurrencies.
AND oh the JOY of avoiding taxable events! Can we just say, this is a HUGE benefit of doing business with http://saltlending.com! You won't get taxed for taking a loan - you get the cash and your holdings can continue to benefit from the growth in the cryptocurrency sector.
Now, here's the icing on the cake. A "proof of access" type of staking has been implemented which allows you to get reduced interest rates and lower fees based on the number of SALT tokens you hold. See how this can fuel demand for the SALT coin? With the total supply at just 120 million, you can begin to imagine what this might mean for the price...
But if you are like my crypto kids (my twins are 9 - born into the world at the same time Bitcoin was), you don't just like icing on the cake, you like the extra sprinkles, the fancy lettering, and some big fancy super awesomeness kind of decoration! Well, here it is...
SALT has just announced that SALT tokens can be used to repay loans. They are currently trading around 15.00 USD as I write this- while (Let this sink in!) they are being valued at 27.50 on the Secure Automated Lending Platform. With NO prepayment fees on loans, this is like minting money.
Granted, SALT is being a little slow with funding and has only delivered on a little over 1% of the loans requested. But you have to understand - this company has started a new field! It has been in operation for barely a month! Think about how many traditional loans you have tried to get that have taken months to be completed.
Needless to say, I am bullish on SALT! Hopefully, you have an account on Binance, Bittrex, or Liqui where you can snatch it up. Please use rational position sizing and don't mortgage the house!
On SALT's official benchmark page, they are projecting a credit card launch in the second quarter of 2018 that will create an even bigger convenience to the market. Good things are on the horizon for SALT.
ENJOY!
As always, play it safe and store your SALT on a secure wallet like MyEtherWallet where you control the keys.
Since I failed to introduce myself at the beginning... This is me, Linda Goetze, telling you that I AM NOT a financial advisor! CYA 24/7 right!? I AM AN EDUCATOR! Proudly, the mother of twins, wife to an amazing golfer AND a card-carrying Mensa HODLer of Bitcoin for over five years. I love the potential in the crypto space and I love to educate. Thanks for joining me in this space where we can all continue to learn and profit together.
I hate debt...but i'd be lying if i said this isn't a cool f$#@^$king thing right here!!! Thx for the post!
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