SALT Community Membership

[tomaen]

What is the SALT token usage? They stated that loans will be provided in cash and will be backed by other currencies like Bitcoin or Ether.

[cryptorusin]

Hello guys. Did anybody get the SALT loan already? I applied on 29.12.2017 and no feedback till today. What are the parameters of SALT loan?

[MaryAngela_Fantocci]

Hello, have the question about system work:
how the funds will be deposited directly into the members bank account? SALT will be cooperate directly with banks?
thanks

[jamiedimoncoin]

Hello, have the question about system work:
how the funds will be deposited directly into the members bank account? SALT will be cooperate directly with banks?
thanks

after done oyur money euro or dollar come to your bank account.....no cooperation with any bank just sepa transfer

[thienytcc]

Salt, this project name looks funny. But I really impressed and will follow it. Do you plan to operate some bounty programs in the future, Dev?

Doubt it most stronger projects don't generally offer up bounties and quite frankly they don't need to as their use case functions without getting the word out there. I am kind of surprised how the arbitrage attempt aren't happening more but it makes sense to wait until you hear a success story. Hopefully a few of those can pop up in the coming days and give confidence to those who are currently hesitating on this!

So what you mean that I dont have any opportunity to get tokens from bounties. The only way to get this token is buying on the exchange, right?

[browndog785]

I don't understand where there is a difference in price.

Do you see SALT hitting like $80 in next 6 months?

SALT token will always be pegged against USdollar. Also the usecase of this token is limited to their platform just to get membership.
So I would not expect huge price gains of the SALT token. Just keep a few of them for future use just in case it gets very popular...

For me it represents no value as I am still waiting for the loan approval from them and I can not use it for anything else.

[codemanX]

Hello, have the question about system work:
how the funds will be deposited directly into the members bank account? SALT will be cooperate directly with banks?
thanks

after done oyur money euro or dollar come to your bank account.....no cooperation with any bank just sepa transfer

Are you sure EURO is supported? I've checked https://www.saltlending.com/ and the only currencies at the moment seem to be YEN, RMB, GBP, USD and CHF.

[jamiedimoncoin]

I don't understand where there is a difference in price.

Do you see SALT hitting like $80 in next 6 months?

SALT token will always be pegged against USdollar. Also the usecase of this token is limited to their platform just to get membership.
So I would not expect huge price gains of the SALT token. Just keep a few of them for future use just in case it gets very popular...

For me it represents no value as I am still waiting for the loan approval from them and I can not use it for anything else.

Can buy at market low price then when you get loan you can pay all with SALT that's use of this token and not only........support project are two.........on end of this month and the first week on next this wonderful coin start fly over 60/80$ check next month

[Technor]

today i needed pepper now i gonna buy myzelf some SALT;D

[kjs]

SALT Alternative Scheduled Payments Policy
"Borrower may use Salt Membership (SALT) [token(s)] for the purpose of paying scheduled payments of loan interest and loan principal."
https://membership.saltlending.com/files/Alternative-Scheduled-Payments-Policy.pdf

[Beroximos]

On themerkle has been published an article about SALT

https://themerkle.com/salt-a-way-to-avoid-taxes/

[NoShiteSherlock]

I don't understand where there is a difference in price.

Do you see SALT hitting like $80 in next 6 months?

SALT token will always be pegged against USdollar. Also the usecase of this token is limited to their platform just to get membership.
So I would not expect huge price gains of the SALT token. Just keep a few of them for future use just in case it gets very popular...

For me it represents no value as I am still waiting for the loan approval from them and I can not use it for anything else.

Have you been approved yet? I just submitted my account for verification but need the loan for an investment, less than 3 weeks from now. Hoping I will be approved and receive the funds before then

[RedRockMining]

Anyone know how the lending process is progressing? I am a verified Enterprise member and was invited to request a loan which I did about a month ago and haven't heard anything since....

[alexinv]

  anyone can help to answer? because I can't completely understand an economic model of SALT. who exactly lends money? I mean whether this money for lending derive from VC funds, banks, individual investors or somewhere else?

[Beroximos]

You will receive money via SALT lending in fiat but the lender will be some investor from SALT.

[alexinv]

  1)  but if a person who borrows won't return a debt then what penalties or fees would be imposed on him?

   2) and what is a benefit for an investor to give fiat money for lenders? let's assume theoretically that an investor gave fiat money for lending, got his crypto assets as collateral and then a crypto market would fall down drastically and wouldn't go upside anymore. in this case this investor would lost a high percentage of his assets and moreover maybe it would be hard to sell crypto assets on a falling market with decreasing volumes

[corather]

  1)  but if a person who borrows won't return a debt then what penalties or fees would be imposed on him?

   2) and what is a benefit for an investor to give fiat money for lenders? let's assume theoretically that an investor gave fiat money for lending, got his crypto assets as collateral and then a crypto market would fall down drastically and wouldn't go upside anymore. in this case this investor would lost a high percentage of his assets and moreover maybe it would be hard to sell crypto assets on a falling market with decreasing volumes

Lenders assume risk, it's part of the business.

[Glomerulus22]

SALT is a really good coin, I"m gonna HODL it longterm!

[Beroximos]

Bank as a lender risk always own money and very often without a collateral. I think If you lend money to someone and will you keep BTC as a collateral you are still in a better situation than without a collateral. Always exist some risk of course.

[alexinv]

 then let me ask more questions  what an annual interest rate a person who borrowed has to pay to a lender? what the time periods are available to choose for returning fiat debt (month, half a year, year, more)? what penalties will be imposed on a person who didn't return fiat debt if there are such?