Salt Lending (SALT) - cryptocurrency review
Salt Lending (SALT) - cryptocurrency review

Salt Lending (SALT)

Rank: #20

Our Review
10
Real-world utility
2
Market Cap
9
Investability
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Salt Lending Review

SALT is a lending platform for blockchain backed loans. The way it works, is you sign up as a member by buying the SALT token. Once you’re a member…

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Salt Lending (SALT) – cryptocurrency review


SALT is a lending platform for blockchain backed loans. The way it works, is you sign up as a member by buying the SALT token. Once you’re a member, you can put up your Bitcoin or other cryptocurrency assets as collateral against a loan. The approval process is fast and has no credit checks. As soon as you pay off your loan, you get your collateral back with no early repayment fees.

If the value of your blockchain asset rises while you have your loan, you’ll have the option to add the increased value to the principal of the loan for additional capital from the lender or do nothing but continue to make payments according to the terms of the Lending Agreement. If the value of your blockchain asset drops enough to cause a breach of the agreed upon loan-to-value (LTV) threshold, then you’ll have to either add more collateral, or make a princiapal payment to cover the deficit.

This type of proposition represents the sort of real-world utility that is only just started to emerge from the blockchain and cryptocurrency world. Again, the problem for SALT will likely arise from competition, but being first to market with a web based experience possessing a beautiful and intuitive user-interface will likely mean that SALT will remain a frontrunner.

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