Get started with your Salt
Get started with your Salt Lending platform by following my walk through. I also cover how you can save almost 5x on your tokens.
no credit check loans
use bitcoin as collateral
bad credit loans
When I tried to get my tokens out of SOLT, I had a window with an inscription; I can cancel it and bring the tokens that I made ... It is impossible to return the membership, and the remaining tokens were offered for publication at the address from which I paid for the tokens. I did not get the airwaves to my wallet! Cost of SALT = 3.50!
But I have a memebranch for 100,000 a year! Hooray! For 300 dollars.
Keep up the good work Joe.
Show us how to lend with the programme. Nice vids
Hey Joe, Binance does in fact support U.S. customers. I can assure you this is true.
THESE PEOPLE INCREASE SUPPLY MASSIVELY THIS WEEK, AFTER JUST ONE WEEK!!! SO MARKET CAP GOES UP WHILE PRICE GOING DOWN. WORSE THAN NORMAL BANKS. UNBELIEVABLE IS PRINTING MONEY WHAT WE ARE ALL TRYING TO FIGHT... SHAME ON SALT LENDING!!!!!! SO THIS MEANS WHEN YOU BOUGHT IN WHEN PRICE WAS KIND OF NORMAL AND MARKET CAP SHOULD BE WAY MORE, NOW THE SELL EXTRA SUPPLY SO MARKET CAP GOES UP, AND EVERYBODY WHO BOUGHT AT WAY HIGHER PRICE NOW HAVE TO HOPE IF TOTAL MARKET CAP DOUBLES TO GET ONLY THERE INVESTMENT BACK!!!!!! THIS IS GODDAMN FRAUD WAY WORSE THAN BANKS... MISLEADING AND SO BE BANNEND AND CLOSED IMMEDIATELY... ALREADY LOST A LOT OF MONEY, EXTRA SUPPLY AFTER ONE WEEK... FUCK YOU SALT Salt Lending????
With crypto currencies
With crypto currencies hitting new highs there are so many great projects to invest in. I just looked into SALT in more depth and while I really wish the development team luck I think they are going to run into tons of regulation hurdles not only on the federal level but also on a state to state level. I also don't know if the platform will efficiently run on Ethereum since it can only do 15 transactions per second. If the loan business goes well I don't know if it can handle it if Ethereum doesn't scale sooner than later.
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Another worry I have is that they will have a hard time finding people to lend since you have to be an accredited investor which means you have to have over $1,000,000 in assets besides your primary residence. Older people typically don't understand Bitcoin so I don't know how easy it will be to convince them. The lenders might end up being venture capitalist though so it might not matter.
Also with the volatility of Bitcoin I almost feel like it might have to be set at 20% LTV or something very conservative. We just don't know if SALT is taking on any of the risk or if all the risk is taken on by the lender.
Congrats SALT SUPPORTERS! SALT LENDING HAS LAUNCHED!
I 100% agree with you. However, I feel like the compliance issues might fall under some different guidelines than what you are considering... I currently look at it like a pawn shop, since crypto is considered an asset. Also there's things that feel unpolished on their website with grammar etc, and their twitter feed feels immature with retweets of pics of triangle tattoos and finger nails painted... I bought in today, but then read more on their website and didn't get a warm fuzzy feeling of confidence in their team and sold at a loss with out remorse 2 hours after buying. I'm out until they have some history with some credentials... as a speculative ICO, ALL of the i's need to be dotted and t's crossed for me to put myself at risk as "venture capital". Great idea, but I think they rushed it and their priorities are not in the right spot, the CEO is not the right guy for this project.
AMERICA IS 320MILLION + OR - REST OF THE WORLD 7BILLION....YOU ARE ASSUMING THE TAIL IS STILL WAGGING THE DOG.......THANKS FOR THE OUTHER SIDE , BUT IT WILL CHANGE AND THAT IS WHAT THIS IS ALL BOUT.....
what about maker?
Your lack of studying Salt will inadvertently cause dangerous FUD - first, where did you see that Salt is registered in the US? Advisors being US based does not mean Salt is registered in the US, and Salt does not need US customers if it is too regulated - that is the beauty of crypto - 7 billion potential customers/lenders.
Second, there are thousands of potential international lenders that will be interested because the model of Salt is genius - this is the most important part and you missed it - think of margin calls: if the value of BTC drops to 50% of the original loan value, the cash borrower must meet his call or be liquidated (automated). The cash lender is 100% protected as he only lends 50% of the BTC value and is repaid - the mortgage analogy is poor - this is a liquid crypto, not a house. On the flip side, if the value of the BTC goes up, the lending power goes up. Also, there is no crypto to fiat explicit conversion. Simply genius model - I think Salt is going to be a huge disruptor in 2018.
Shawn Owen joins CUBE
Shawn Owen joins CUBE host and CEO John Furrier live at Polycon 2018 in Nassau, Bahamas
More assets back cryptocurrency as startup lends cash for bitcoin
The pain points of a bitcoin user seeking a loan: walk into a bank, present personal financial statements, and face a head-scratching banker uncertain of the cryptocurrency’s asset status.
This is according to Shawn Owen (pictured), chief executive officer of Salt Lending Holdings Inc. “In fact, the technology makes a perfect form of collateral. We have all this ability to program in smart contracts. You can write in the rules. You can make it highly secure, yet nobody is doing it,” Owen said. “Somebody’s got to bridge that gap.”
Owen spoke with John Furrier (@furrier), host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, at the Polycon18 event in The Bahamas. They discussed software-based monies and a new world of lending practices.
Salt Lend Holdings Inc. is building technology that helps bring the world of lending to crypto markets. Salt — short for Secure Automated Lending Technology — claims to be the first asset-backed lending platform to give blockchain asset holders access to liquidity without them having to sell their tokens.
Today, Salt is working through the lending process. As distributed ledgers in blockchains become the norm, the currency that is to be used will be based on the need, according to Owen.
“So you can imagine a wallet where you have all the things you really care about and you can dynamically decide what your currency is based off where you’re traveling, where you want to spend, what you think is happening with inflation, depending on what your interest is,” he said.
There are certainly valuation issues at stake. The two key areas his company is solving for the blockchain are security and the interface. Developing smart contracts help build the loan instruments, Owen explained. And, instead of just writing formalized legal documents, they are setting it into the code they use with their own tokens.
A SALT token is for the borrower. It’s an internal currency, where the borrower has a serial number, a key to access the product, and an opportunity to redeem the tokens for accrued value. Built into the SALT token is auditability and traceability to help reduce scam attempts, Owen stated.
So far, Salt has issued $30 million in loans in states where they are approved. The company is looking to partner with banks and financial institutions. To date, Salt names clients in Puerto Rico, Canada and Europe.
Watch the complete video interview below, and be sure to check out more of SiliconANGLE’s and theCUBE’s coverage of Polycon18.