Sort:  
  • Trending
    • [-]
     7 years ago 

    Great article @josephharris

    Question 1: What is the lending fee against your own collateral?

    Question 2: Buy lending on your own money you are creating more currency, or not? Like the banks use the bank multiplier? What I mean is, you use the money you just borrowed on your own collateral, keep 5% and deposit the other 95% again into SALT. So your collateral grows bigger.

    Thanks

    $0.06
    • Past Payouts $0.06, 0.00 TRX
    • - Author $0.05, 0.00 TRX
    • - Curators $0.01, 0.00 TRX
    2 votes
    Reply
    [-]
     7 years ago 

    To be honest, I'm not sure of the answers here. You'd probably be better off joining their Telegram group and asking the SALT team themselves.
    You can find their Telegram here: tg://join?invite=BmtZ5kKgf4ekiNLggHRDmQ
    Sorry I couldn't be more useful.

    $0.00
      Reply
      [-]
       7 years ago 

      Yeah good question

      $0.00
        Reply
        [-]
         7 years ago 

        Good job my friend @josephharris

        $0.05
        • Past Payouts $0.05, 0.00 TRX
        • - Author $0.04, 0.00 TRX
        • - Curators $0.01, 0.00 TRX
        3 votes
        Reply
        [-]
         7 years ago 

        Yeah good job I would agree with that!

        [-]
         7 years ago 

        Actually this post was very salty. lol

        [-]
         7 years ago 

        I agree! Incredibly salty!

        $0.00
          Reply
          [-]
           7 years ago 

          Very informative article, thumbs up for you work.

          [-]
           7 years ago 

          Thanks, you summed up exactly what I was thinking. I've seen people interested in SALT and I think the lending side sounds great but I see no potential value in the actual token.

          [-]
           7 years ago 

          Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch

          [-]
           7 years ago 

          Great article. Thanks for all the info.

          SALT will really help stabalise the markets and definitely something I will invest in.

          [-]
           7 years ago 

          @minnowpond1 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

                  To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
        To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
        To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo
          $0.00
            Reply
            [-]
             7 years ago 

            Can the borrower use any crypto they want? . I think I'd rather lend through an exchange like Bitfinex

            $0.00
              Reply
              [-]
               7 years ago 

              At the moment borrowers can use BTC, ETH, or XRP, but I think SALT plans to add more collateral options in the future.
              They’ve also said that other websites will be able to integrate their platform in, so an exchange could one day be using SALT in the background for their lending.