SALT (SALT)

SALT (SALT) widget

ICO date: 01.08.2017 - 15.08.2017
Industry: Crowdfunding & Lending
Description:

The SALT Lending Platform allows holders of blockchain assets to leverage their holdings as collateral for cash loans.

Features:

The SALT Lending Platform allows holders of blockchain assets to leverage their holdings as collateral for cash loans. SALT is the first asset-backed lending platform to give blockchain asset holders access to liquidity without them having to sell their cryptocurrencies. SALT provides investors with an innovative and secure opportunity to lend against a high-growth asset class through a fully-collateralized debt vehicle. SALT is traditional lending secured by non-traditional collateral.

To become a borrower, users need to begin by purchasing SALT Membership.

SALT users can expect to receive swift communication from SALT notifying them on their loan’s pending approval with accompanying instructions for posting collateral. Once collateral has been posted, users loan proceeds will be sent via ACH transfer to users bank account. Depending on user’s bank’s internal processes, settlement of the loan proceeds may take up to seven days. The distribution of loan proceeds can be expedited for an additional fee.

Website: www.saltlending.com
Whitepaper: Whitepaper

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See also