salt is the best idea??

[Thanhjonhan]

First off so you guys dont think im pumping the coin, I don't own any SALT r/n
Because my money is stuck with coinbase (thank you coinbase for fucking me over, appreciate it)
As soon as it will clear i will buy it.

But I wanna tell you why I fell in love with this coin in the past few days, after I researched it.

Basically SALT is one of the best ideas i've heard of in crypto.

They're doing "crypto backed loans".

Heres what they're gonna do - >
Lets say you own BTC and need cash (a loan) but dont wanna sell your crypto.

You can use your BTC as collateral and get CASH, then they will hold on your BTC until you pay them back.

Now here in the USA when you're trying to take a loan, they check your credit score and approve you or decline your request based on your credit.

Problem is - most people that needs a short term loan has shitty credit.

So SALT doesn't do any credit checks... because it doesnt need to
You're basically using your crypto as backup - if you wont pay the loan they will keep your crypto
But that way you can invest in crypto and still stay liquid (fiat wise)

It doesnt even have to be for people that need a loan...lets say you're holding ETH but need some cash right now to buy your mom a gift, and your salary comes in a week.

You don't wanna get out of your ETH position so you use SALT, and pay them back when u get your salary.... brilliant

I wonder what you guys think and if any of you invested in this project....
It just seems like a brilliant idea to me because I can see how useful it can be

[jimmywh]

I like the whole concept of Salt.
However, I find Ethlend more interesting due to the space of growth compared to Salt.

[Beroximos]

Yes, the Salt is my favorite too. I have read a few articles about SALT and I think it this is a really revolutionary project and a good chance for everybody who will want to have a loan.

Some good articles have been posted recently.

https://coinidol.com/salt-loan-better-than-classic-bank-loan/

or

https://coinidol.com/salt-revolutionary-blockchain-backed-loans/

[Black_bl]

First off so you guys dont think im pumping the coin, I don't own any SALT r/n
Because my money is stuck with coinbase (thank you coinbase for fucking me over, appreciate it)
As soon as it will clear i will buy it.

But I wanna tell you why I fell in love with this coin in the past few days, after I researched it.

Basically SALT is one of the best ideas i've heard of in crypto.

They're doing "crypto backed loans".

Heres what they're gonna do - >
Lets say you own BTC and need cash (a loan) but dont wanna sell your crypto.

You can use your BTC as collateral and get CASH, then they will hold on your BTC until you pay them back.

Now here in the USA when you're trying to take a loan, they check your credit score and approve you or decline your request based on your credit.

Problem is - most people that needs a short term loan has shitty credit.

So SALT doesn't do any credit checks... because it doesnt need to
You're basically using your crypto as backup - if you wont pay the loan they will keep your crypto
But that way you can invest in crypto and still stay liquid (fiat wise)

It doesnt even have to be for people that need a loan...lets say you're holding ETH but need some cash right now to buy your mom a gift, and your salary comes in a week.

You don't wanna get out of your ETH position so you use SALT, and pay them back when u get your salary.... brilliant

I wonder what you guys think and if any of you invested in this project....
It just seems like a brilliant idea to me because I can see how useful it can be

The idea is good, but what about interest? The interest is in fiat or BTC and the another question is....Salt is only for short term loans?

[TimeHacker]

Any project which helps us remove banks as intermediaries in things where we don't really need them, such as loans, is welcome.
SALT is doing exactly this, moreover in a tokenized form on a blockchain, so... thumbs up. And if they succeed in getting enough people on board, it will become a huge business.

[MatrixMining]

It's actually a very nice idea. If you have lot of Bitcoins let's say, you don't want to sell but need some cash for couple of months, this seems to be a good solution. It might turn out to be a genius business idea, especially now after most coins raised a lot and some people maybe have more money in crypto than in fiat

[HybCZ]

All the money lending businesses have great potential, and in this case, with a focus on one of the largest markets in South Africa, the potential is huge. If it does not bother the banks that they steal their customers and that's the money this project has a great future.

[maskedtrader53]

I think this project is good, they have a good purpose and idea. The project acts like a bank where you can loan an amount you want but the collateral is you BTC.

[Beroximos]

https://www.finder.com.au/salt-cryptocurrency-received-over-500000000-in-loan-requests-in-one-week

Here you can read about the huge number of loan requests. Exactly $550,000,000 for a one week.
It proves the Salt is on the right way. Good to invest there in my opinion.

[Vitolife]

https://www.finder.com.au/salt-cryptocurrency-received-over-500000000-in-loan-requests-in-one-week

Here you can read about the huge number of loan requests. Exactly $550,000,000 for a one week.
It proves the Salt is on the right way. Good to invest there in my opinion.

Absolutely agree, SALT is project right on target, there are lot of money invested in cryptos and of course, you do not want to sell your precious blockchain asset - so you have 2 options go to bank and ask for loan - and you get under scrutiny, you need salary confirmation, insurance, this and that, nothing pleasant to go through or we have SALT option - use your Bitcoin (Ethereum and alts comming in 2018) to secure the loan and get and repay in fiat, hassle free. If I have to chose, SALT is the way to go and the token would definitely see a very nice growth this year as well.

[HybCZ]

First off so you guys dont think im pumping the coin, I don't own any SALT r/n
Because my money is stuck with coinbase (thank you coinbase for fucking me over, appreciate it)
As soon as it will clear i will buy it.

But I wanna tell you why I fell in love with this coin in the past few days, after I researched it.

Basically SALT is one of the best ideas i've heard of in crypto.

They're doing "crypto backed loans".

Heres what they're gonna do - >
Lets say you own BTC and need cash (a loan) but dont wanna sell your crypto.

You can use your BTC as collateral and get CASH, then they will hold on your BTC until you pay them back.

Now here in the USA when you're trying to take a loan, they check your credit score and approve you or decline your request based on your credit.

Problem is - most people that needs a short term loan has shitty credit.

So SALT doesn't do any credit checks... because it doesnt need to
You're basically using your crypto as backup - if you wont pay the loan they will keep your crypto
But that way you can invest in crypto and still stay liquid (fiat wise)

It doesnt even have to be for people that need a loan...lets say you're holding ETH but need some cash right now to buy your mom a gift, and your salary comes in a week.

You don't wanna get out of your ETH position so you use SALT, and pay them back when u get your salary.... brilliant

I wonder what you guys think and if any of you invested in this project....
It just seems like a brilliant idea to me because I can see how useful it can be

Where you can buy SALT?

[Mihaylovic]

It is already listed in binance yyou can buy there. and the price is quite good I mean most of alts already pumped to over x10 on binance but salt is still cheap comparing with those.

[maskedtrader53]

This ICO has still a long way to go, it will still depend on the community if it will be fully accepted. I think the vision of this ICO is very good and will be helpful to us, and that what investors are looking in good ICO's.

[HybCZ]

It is already listed in binance yyou can buy there. and the price is quite good I mean most of alts already pumped to over x10 on binance but salt is still cheap comparing with those.

The biggest profit is always only when you buy a good coin in time

[r.bhalla07]

I think it will still depend upon the community if it will be fully accepted and the vision of the ico is very good and will be helpful to us.

[HybCZ]

I think it will still depend upon the community if it will be fully accepted and the vision of the ico is very good and will be helpful to us.

The community will definitely vote for a no-bank trip, so SALT will be very popular in a while

[kmxl45]

https://www.finder.com.au/salt-cryptocurrency-received-over-500000000-in-loan-requests-in-one-week

Here you can read about the huge number of loan requests. Exactly $550,000,000 for a one week.
It proves the Salt is on the right way. Good to invest there in my opinion.

It is very nice number and it shows the interest of people. What is better that this is only a drop in the ocean of bank's world. The potential for SALT in this sector is so huge, we can't even imagine the future numbers.

[HybCZ]

https://www.finder.com.au/salt-cryptocurrency-received-over-500000000-in-loan-requests-in-one-week

Here you can read about the huge number of loan requests. Exactly $550,000,000 for a one week.
It proves the Salt is on the right way. Good to invest there in my opinion.

It is very nice number and it shows the interest of people. What is better that this is only a drop in the ocean of bank's world. The potential for SALT in this sector is so huge, we can't even imagine the future numbers.

There may also be a scenario where banks will move their money to this sector and will support this project;)

[Beroximos]

Where you can buy SALT?
[/quote]

You can buy SALT tokens on this exchange. On the following link.

https://www.binance.com

[leslie4u]

Like the idea of loan platform. Definitely something new and moreover this doesn't require any background verification or documentation which happens in a traditional way when people approach a bank for loans. However, I do have few questions-

1 - Is the loan sanctioned based on the requestor's local currency?
2 - If BTC is held as a security deposit, what happens when there is fluctuation in price?
3 -  How can someone close the loan that he/she has taken? Is it just by sending x amount of coins to the specific wallet?
4 - Will there be a tenure to lock the loan that's distributed? If someone wants to pre-close the loan, is this possible?

Thanks and have a nice day.