Site: http://www.saltlending.com/
I mentioned the private-sale of this ICO a while back, SALT got my attention because it was mentioned by the three amigos Clif High, Bix Wier and jsnip4 some of the most successful predictors in crypto. This project has the potential to become widely used be everyone to avoid taxable events and selling their crypto.
Watch the video:
Quick synopsis
SALT is a membership based lending and borrowing network that allows users to leverage their blockchain assets to secure cash loans.
The Secured Automated Lending Technology is a protocol and asset agnostic architecture designed to adapt to the constantly growing class of blockchain assets.
The system is designed such that, if you have an asset you want to hold on to, you can borrow the asset you want to spend, regardless of credit history or geographic constraints.
The SALT Platform is automated, efficient, and cryptographically secure. It offers a compelling solution to the problem many consumers face when they need or want cash to make a purchase, but do not wish to liquidate their assets. Instead of selling, SALT enables the members of the SALT Lending Platform (Members) to leverage the value of certain digital assets, thereby giving them access to cash, offsetting tax events, avoiding exchange fees and maintaining their long position in the asset they hold.
SALT is a lending platform specifically designed for blockchain assets; operating as a second layer protocol which sits atop any public or permissioned blockchain, allowing the underlying asset to be used as collateral for access to credit.
SALT also offers lenders a powerful, globally available solution to access a rapidly expanding and immediately addressable borrower base, while providing new tools for managing lender risk. Unlike traditional forms of collateral, such as real estate and automobiles, blockchain assets are divisible, fungible, and in many cases instantly transferable. These potential advantages can be fully realized with SALT’s volatility risk mitigating technology.
Something I found interesting is that they plan to make a credit card for you to use the loan:
The SALT crypto-secured credit card is a form of a
line of credit that is collateralized by blockchain
assets. It will operate on the Visa or MasterCard
network and allows for payments in national
currencies.
If you are interested in participating register under my referral link here: https://membership.saltlending.com/?r=S5pMI.
The SALT Community Membership Sale will begin on Tuesday, August 15th at 8:00 AM MST (2:00 PM GMT)!
⚠️Better hurry up because the sooner you register the sooner you get on the list, if you are not approved in time for this 3$ sale you will only be approved for the next sale where the price will be at 5$.⚠️
Disclamer: I'm NOT a financial adviser, please carefully research the project and make your own investment choice! I'm just a random guy on the internet exited about this.