What is SALT (SALT)?
Salt is a membership-based lending and borrowing network which facilitates you to use your blockchain assets to acquire fiat currency cash loans. This enables you to leverage the value of your digital currency, offset tax events, avoid exchange fees and controls your cryptocurrency holdings. If you own some Bitcoin and you need some cash for the down payment for a house or to start a business. Salt allows you to put up your as collateral in order to secure a loan which you can use as you please. Salt is available to both individuals and corporate customers.
SALT (SALT): History
Salt was founded in Denver USA in 2016 and has a successful ICO in August 2017, where the company gained over US$55 million dollars. It was one of the most successful ICOs of all time, based on the amount raised at ICO. The salt coin is made off the Ethereum network and the loans themselves will be an Ecr20 smart contract. Development is run by SALT Lending Holdings, inc. It began with 5 original members and now it has grown to 25. Salt has a strong team and the team is led by CEO Shawn Owen, a self-proclaimed serial entrepreneur, and early Bitcoin advocate.
How Does SALT (SALT) Work?
Salt financing offers non-purpose cryptocurrency collateral-based loans. This means that the borrower would only need to put up their own cryptocurrencies as a collateral and fully removing the need for a credit check. The borrower will be able to see the profits on any gains in the collateral itself. To get the loan through salt, a borrower must first send their chosen collateral to salt’s secure multi-signature wallet. Salt will require a collateralized ratio of 125%, meaning that in order to get a $1,000 loan, $1,250 worth of collateral would need to be provided. After that, the borrower will receive $1,000 of fiat currency sent to their account, at which time the borrower would also be required to begin making monthly payments plus interest. The monthly payment will be according to the length of the loan.
How to Buy SALT (SALT)?
Salt is available on a few popular exchanges such as Bittrex and Binance It can be purchased with either Ethereum or Bitcoin. Salt doesn’t have its own wallet and it is yet to release. But there are a number of multi-token wallets which can support Salt named Jaxx, Exodus or MyEtherWallet. You can save your coins on MyEtherwallet as it supports every cryptocurrency.
SALT (SALT) Price Prediction 2018
SALT can be a profitable investment option. SALT price equal to 8.096 USD at 2018-01-22. If you buy SALT for 100 dollars today, you will get a total of 12.351 SALT. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-17 is 297.362 US Dollars. With a 5-year investment, the revenue is expected to be around +3572.73%. Your current $100 investment may be up to $3672.73 in 2022SALT (SALT) price today is $8.12 and have the current supply of 71,105,820 SALT (SALT). The market cap value is $577,296,777 and the volume is marked as $11,925,100.