Let's say I have some inside information... that Salt is launching its platform today, just before weekend to give people time to find a lender, discuss contract terms and receive the money by the beginning of the next week, ready for Xmas.
Salt is valued $25 in its platform and only $7 on exchanges, That's an easy x3... but it can be more because retail price will be, in staff word's, always higher than market price.
Nice profit guys!
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Im already all in on SALT, guaranteed to take off.
I hope you are right user. I'm balls deep in salt right now.
nice just bought > 100k
Possible pump in the works to start the gains on this. Obviously it's going to go up eventually, but we're trying to speed up the process.
I still don't understand what SALT does and what it can be used for. Ive gone to their website but it didn't help.
SALT is one of the easiest to understand, if you cant understand that how can you be in crypto.
maybe read the whitepaper
i would say the majority in crypto have no fucking clue...
Such a bad shill thread, OP.
Buy the rumor sell the news.
If the platform is, as you say, launching today, then that means it's time to sell.
lern 2 shill m8
Obv. you didnt read anything you tard, gtfo
People can use their existing crypto as collateral to take out cash loans. To become a member on the platform, you need a SALT token.
Let's say for simplicity sake that 1 bitcoin is worth $10,000, I can put that up for collateral, and take a $8000 cash loan (your loan amount is 80% of your collateral on the SALT platform)
You can then use that money to do whatever you want. Re-invest, buy booze - the SALT platform doesn't care. Then you pay off interest on the loan (you can use SALT tokens to do this also). To protect lenders, the asset will be automatically liquidated in case of a huge price crash.
Completly wrong
At the moment exchanges/whales can lend over 1mn for just 700$, thats nothing.
Platform Launch means also that they can start to take lends.
You can decrease lend interests with SALT.
Do you really think buy rumor sell news works here? Escpecially when Ethereum is crippling duo to autistic cryptokitties?
Demand will be so fucking high you cant even imagine.
Let the idiot "buy the rumor sell the news" I know the demand will be huge and its gonna go crazy.
Thanks mate, I was seriously confused. And just to. Make sure, if I don't pay the loan back, they just take whatever I put up as collateral as a whole, right?
Yeah, your collateral is basically locked up in a smart contract (or some other similar mechanism) and you can't have access to your collateral until you pay off the loan. Should the market swing around wildly, the person who loaned you cash can liquidate it (and I believe the liquidation is automatic if it drops by a pre-set amount).
>P&D shitcoin tactics apply in every single scenario
that was meant for
Buy the rumors, sell the news works for useless coins, when the platform launches this will be one of the few tokens with real, defined use, and valued not by specullation but by actual lending costs.
oh and by the way in case you missed it...
Palm Beach signaled a buy up to $7 on SALT, so you can bet on it being AT LEAST in the $7 range forever, no matter what happens. This means smash that buy button at any price less than $7.
I imagine future traders are buying up bitcoin now to short quickly, and the salt lenders will make their lending platform live before futures happen, so when people lend against bitcoin, they will be forced to pay the mark up on the loans, giving salt extra cheap bitcoin.
They can launch the platform before futures, you need time to discuss terms and also can make the contract effective after certain date...
Yep this is legit.
see real signals here discord.gg/MPaWK6k
OP full of shit. devs said they will announce the launch of their platform prior to actually releasing it.
When he said today... Yeah thats bs, but they 100% said soon, can expect within a few days maybe.
Too bad bitfinex is goxing right now for 4+ days preventing withdrawals and not crediting people with deposits while claiming to be "deposit spammed" despite how implausible that is especially when its done on almost all currencies including something as expensive to spam as BTC.
Expect exit within the next week or so claiming to have been "hacked".
I was just thinking that. Hopefully they are not rushing it to make the futures market. Could spell disaster if they have made a smart contract mistake..
yes it is scheduled Q4 2017. but today is a fucking lie from OP to shill. i am balls deep in SALT too but i hate this dishonest behaviour for the sake of profit
Nice, and what if bitcoin falls
This month, no specific date.
> To protect lenders, the asset will be automatically liquidated in case of a huge price crash.
This is the one that makes me doubt this will work. If cryptos stay as volatile as they are, would you really give them to a bank as collateral, where you cant touch them, cant use them to invest and in general just have to hope that the price wont drop in the multiple years long timeframe that you will pay back your loan in?
I think the solution would be that the coins actually belong to the bank in that period, and that the bank is free to invest them however they see fit, reap all the profits or take all the losses that they make, and in the end give back an amount of the same crypto that is equal in USD to what the loan taker originally gave them.
However since that is not part of their plan as of now I probably wont invest in this.
if you think btc will rise again, then pay off the loan and get it back.
if you dont pay it back... not a big deal, as the lender will stay comfy and liquidate your btc.
also i think if you consistently pay back your loans, you get a sort of "internal credit score" which will determine your credit line when SALT releases their crypto-backed Credit Cards
This is the most blatant and sad last ditch marketing attempt I've ever seen. "Smash that buy button".
Get the fuck out of here with this BS. You are trying to rip off little kids with a team of your people coming in here pretending to be random people all agreeing on the internet. You don't even take yourself seriously enough to not insult the intelligence of everyone reading this. You are predators, and there's a special place in hell for you.
To everyone else: Do not buy this, likely a scam.
this.
Scam, stay poor.
Because BTC might become the currency of the future and you don't want to be blacklisted in financial institutions?
You can't imagine the shit I got into because of an issue with paypal, they got me blacklisted everywhere and took me months to solve it.
REQ will save you son.
Holy crap. What exactly are YOU scamming you fucking wojack?
This project is legit as they come.
scam coin
lots of people going to get btfo by it
buy link instad
Because LINK is legit compared to SALT
this
LINK legit
if you consider payday loan companies to be "legit" then yeah this project is legit af
Salt has legit companies backing it...
Y'all legit stupid if you ain't buying this...
If it was launching today it already would have pumped hard, SOME people would know
It's not launching today but before Xmas.
what companies, source
Bank of mauritius
>meme country
>legit company
go to fucking hell felix
If you want to understand SALT use cases user, watch this documentary on it.
OP may be right just hit 50k again
if anything convinces me not to buy it's a bunch of millennials saying it's legit
Likely not on a Friday... but this coming Monday, almost certain. Gives them 1 working week (plus weekend if needed for bugs) plus the whole next week before Christmas.
>Why would people want to borrow cash against their crypto in a market where things dip and rise like no ones busines
LEGIT
E
G
I
T
You have 10 seconds to name your biggest holding right now