If an individual would have invested in Bitcoin in 2016 he would have still made over 700 % returns in 2017. Although with every rise the crypto investor tends to cash out which could be to meet his lifestyle expenses, ultimately shedding tears on the profit that he could have made if he would have stayed “invested” in the cryptocurrencies. Sounds like a problem?
Introducing SALT- A lending platform that allows investors or holders of blockchain assets to leverage their holdings as collateral and take cash loans against it. SALT is the first asset-backed lending platform to give blockchain asset/cryptocurrency holders access to liquidity without them having to sell their assets/tokens. In other words, SALT is traditional lending secured by non-traditional collateral.
The company has given the name “SALT” to its programmed loan smart contracts as an acronym for Secured Automated Lending Technology (SALT). The company also chose the name “SALT” because it takes back to the time in history when table salt gained use as a store of value, becoming one of humanity’s first monies.”
Some elements of the company’s businesses are subject to state and federal regulation within the United States and to foreign laws and regulations. Loans arranged through the SALT platform will be organized by registered investment advisors, broker-dealers and banks, as the case may be. SALT Lending Holdings, Inc. and its associates will not originate loans. As non-bank entities, SALT Lending Holdings, Inc. and its affiliate, SALT Platform, LLC, develop extensive best practice policies and measures to ensure legal and regulatory compliance.
What differentiates SALT is that unlike a margin account on an exchange, SALT loan proceeds can be used to purchase anything, not just additional tokens. With SALT, the borrower’s collateral is held in a dispersed manner, minimizing counterparty risk. Exchanges, otherwise, are centralized and opaque, and holding large amounts of tokens on them is risky. SALT loan terms and conditions also provide borrowers greater customization and flexibility than exchange margin accounts.
So next time you hold a Blockchain Asset and are in need of money? Don’t Sell, Do SALT
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