"SALT is a membership based lending and borrowing network that allows users to leverage their blockchain assets to secure cash loans. Our 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 onto, 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."
What we don't like:
The platform is still not out yet. Anytime you invest in a product before its released, you take the gamble that it's good. SALT as a platform could significantly underperform if they don’t have an inviting, easy-to-use interface. Issues will also arise if the platform isn't trustworthy.
What we like:
Salt uses cryptocurrency for collateral in blockchain backed loans. The concept is original and necessary for the continued growth of the crypto space. It looks like salt put together a team that can handle the task. SALT Lending has a wide range of uses within the crypto market. SALT can attract big money into crypto currencies. SALT has the potential to increase the overall market cap of the entire crypto space.