Negative SALT opinions
Summary:
So far,1 of opinions have been recorded for SALT. These opinions are not investment recommendations but the community's perspective on SALT. Please do not make a purchase decision based on these SALT opinions.
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SALT opinion #1
SALT (Secured Automated Lending Technology) is an automated lending platform based on the ERC-20 block chain, which was established in 2016. Users can lure their crypto-currencies as a guarantee in Smart Contract for loans or offer their crypto-currencies as a lender. There is no need for an intermediary in the credit checks, as the credit balance of the crypto currency itself can be verified in its block chain at any time. This process is calculated by SALT Oracle by controlling the relationship between the loan amount and the guarantee.
The user needs the SALT token to interact with the Lending Portal. For this purpose, services such as opening a credit or exchanging for other goods can be used.
Even though lending with crypto-currency is a widespread investment strategy, this project unfortunately did not really take off. After the initial capitalisation of over $500 million at the beginning of the project, it fell to the current $10 million.
Therefore I can only advise against this project.