Salt

Blockchain-Backed Loans

ERC20 Token

Salt (SALT)

In the past, the difficulty and costs of liquidating, transferring, and storing assets has required lenders to focus on the creditworthiness of their borrower as well as the value of their borrower’s assets. This inefficiency results in limited accessibility to cash and higher interest rates for borrowers.

Distributed ledgers represent a paradigm shift in the storage and transfer of assets and, for the first time in history, there is a perfect form of collateral: blockchain assets. SALT is pioneering an evolutionary leap for lending in which the value of a borrower’s assets are fully recognized and credit history is made irrelevant.

“SALT streamlines every step of the loan. We’ve simplified the application process by focusing on the value of the borrower’s blockchain assets instead of their credit score. Borrowers are automatically matched with capital from our extensive network of lenders. SALT keeps collateral assets safe in a fully-audited, ultra-secure architecture during the life of the loan so members can borrow with confidence.”

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Positives

  • Working, Functional MVP
  • Easy To Use Platform
  • Accepts Bitcoin with Altcoins Coming Q3 2018
  • Decentralized Lending
  • Targeting A Large Wealth Pool

Exchanges
Concerns

  • Collateral such as ETH or BTC could rise or fall dramatically during the loan period.
  • If repaying in SALT tokens, monthly repayment limits apply.
  • If the market crashes, SALT is potentially left with worthless coins.

Official Links
Token Details

Token Type

ERC20

Powered by the Ethereum Network. Can be stored on any ERC20 compatible wallet e.g MyEtherWallet

Token Statistics

Supply

• Ticker: SALT
• Total Supply: 120,000,000
• Circulating Supply: 55,741,950
• Token Use: Loan Repayments.

Founders

The Team

Shawn Owen (CEO)
Gregg Bell (Operations)
Ben Yablon (Strategy)
More

Industry

& Competitors

• Lending
• Targeting A Large Wealth Pool
• Competitors – ETHLend

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