SALT Bringing Loans to the Crypto Universe
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SALT Bringing Loans to the Crypto Universe

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Cryptocurrencies and blockchain related projects have been coming up with a purpose to fill the void left in many industries worldwide. We have seen the introduction of various different crypto-related projects in varied industries such as security, automobiles, financial services, hospitality, creative services and supply chain management. With the introduction of SALT, however, the Cryptocurrency world is ready to step foot into the loaning market.  Launched in 2017, the SALT lending platform completed its discounted membership way back in August and has seen a large degree of success since its launch.

SALT derived as is an acronym for Secured Automated Lending Technology. Salt Lending describes itself as “a next-generation lending platform for blockchain backed loans.” Essentially, Salt Lending provides a lending platform where members of the platform can put up their blockchain assets as collateral.

At the time of writing (13/03/2018) SALT has a market cap of $173,635,995 USD with a present circulating supply of 55,745,114 SALT. The total supply of tokens in the network is kept fixed at 120,000,000 SALT.

About SALT

Currently, the SALT Lending platform is a membership-based lending and borrowing network, allowing users to leverage their blockchain assets for securing cash loans. The driving force behind the company’s technology is a protocol and asset agnostic architecture designed with a high degree of adaptability.

The team behind SALT has been growing since their launch, currently employing more than 60 professionals. It has been since touted to be the main driving force behind the emerging sector of Fintech or Financial Technology based crypto projects. The project aims to provide the best way to pay for emergencies or when somebody wants to make a big purchase without disposing of their owned blockchain assets. Since there aren’t many merchants that accept cryptocurrencies as a form of payment, SALT aims to bridge the gap.

Jennifer Nealson, the recently appointed Chief Marketing Officer at SALT is optimistic about the future. “The potential impact of SALT Lending’s success on Colorado’s economy cannot be overstated,” says Jennifer Nealson.  “Blockchain is poised to be the most disruptive technology in recent history. SALT Lending is taking the lead in creating lending systems, marketplaces, and services that will benefit financial institutions, consumers and underserved communities globally.”

Where to Buy SALT from?

At the moment, the most popular exchanges to purchase SALT are Binance, Bittrex, and Huobi. To trade for SALT on one of these exchanges, a trader needs either Bitcoin or Ethereum. In cases where a user does not have a prior deposit of cryptocurrencies, they can purchase SALT with traditional currency on an exchange like Gemini and then transfer them over. Because SALT is an ERC20 token, users have a few different options like MyEtherWallet.

The Working Force Behind SALT

SALT tokens, like other Cryptocurrency tokens, are backed by the Blockchain technology, which allows users to use Bitcoin, Ethereum or Ripple tokens as security. SALT is decentralized, meaning there is no central bureau to scan users for credit eligibility, making loans more accessible.  The tokens are ERC20 based, built on the Ethereum ecosystem.

Future Prospects

The fact that there will always be a demand for loans from the general populous makes the future prospects bright for SALT. Given the state of the current currency lending sector, SALT definitely provides something new to the table.

The amount one sets aside as collateral gets locked up and not released till the loan has been fully repaid.  Since banks worldwide are overcharging their clients through their loaning system, SALT is a viable option. Moreover, the general shift of the world economy is towards digitization of real-estate as well as other sectors.  In such cases, SALT can emerge as a secured loan service in the Cryptocurrency world.

We will be updating our subscribers as soon as we know more. For the latest on SALT, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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What defines a foreigner in Singapore? 

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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