I have high hopes about your project. What is the difference between your company and Salt Lending? And you have any plans to participate in any big blockchain convention this year?
We differ from SALT Lending in a few distinctive and important ways.
Firstly, it seems that they are focusing on using crypto assets to secure cash loans. Our focus is on helping traditional borrowers to gain access to loans, leases, and mortgages that traditional financial institutions have not been able to serve efficiently and effectively.
Secondly, they are turning non-borrowers into borrowers; we are targeting borrowers directly;
Thirdly, they are targeting a new class of assets, we are dealing with traditional assets;
Last but not least, we generate one simplified fully customized smart contract for each traditional borrower contract. From my understanding, they use traditional technology, one system, to process all borrower contracts; the blockchain they use is for collaterals (crypto assets) only.
To my best knowledge they are using traditional technology to process blockchain-backed loans. We on the other hand use blockchain technology to process traditional loans, leases, and mortgages. We are opening the floodgates for an easier, superior borrowing experience with self administering capabilities. We are attempting to make the world a better place for lenders and borrowers.
We will be at
Devcon3 on Nov 1-4. Hope to see all our excited followers there, and hope to answer many more questions then!
