SALT LOANS LIVE!!!!
Hey everyone the time has finally come. The Salt lending platform has taken the first step live! I am super stoked about this upcoming opportunity. I believe currently they have opened the platform up to top tier membership first. If they can prove to be successful I will certainly be using the platform. I think its a good idea to see if people post updates on youtube and social media with their experience. I want to see others experience actually using the platform. I have paid my membership and am ready to go as soon as they open the next tier. They are allowing users to use salt coins to pay down principle and interest at retail value. Thats a genius strategy and will be a huge plus for users if it all works as said. Currently salt is trading for around $14/$15 USD but the retail value on their site is $27.50. This concept does raise a red flag to me though. I would like to know more about their motivation for this strategy. Yes it will drive the price of salt up on the exchanges but as its driving the price up as people buy salt coins to pay down their loan, were also giving the company all those coins which could turn bad down the road. I would love to get some feedback on the salt platform and the topic I have addressed here. I will be processing my loan soon and will post an update on my experience.
For anyone interested in using the salt platform and have not signed up yet please use the link below. https://membership.saltlending.com/register?r=VxavG
lending and borrowing coins seems risky in this volatile market. if you borrow coins and price drops a ton then your left holding the bag. High reward but higher risk as well.
Yea its risky however with the right strategy it can work out. Their platform setup and being able to use their coin at their retail value to pay down interest and principle is insane. especially when they are giving you more than double the value its trading at on the open exchange.
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