The SALT platform is a currency borrowing system built to facilitate loans. The company users borrow from holds their crytocoins as collateral. Because of its utilization of the blockchain network, SALT offers users same-day verification and loan customization without the need for a credit check or credit history. Essentially, users can leverage their blockchain assets to get cash loans, making it easy for users to get their funds without selling their favorite investments. The interest rates are similar to other lenders, and there are no pre-payment fees. Users can maintain their position without falling into less-than-optimal tax events.
|Genesis Date||August 01, 2017 (7 months)|
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