SALT GAINZ TRAIN thread

The brainlets on biz is still missing this golden opportunity, because they can not imagine a simple use case for crypto backed loans to fiat

Happy I can accumulate more before 20$

got 24...never gonna make it though :(

Wait, why would I secure a loan with my crypto? Either the price goes up, and I've secured a loan with collateral worth more than my loan, or the price stays the same or drops, in which case I am now worse off than if I had just sold the stuff.

On the other hand, I guess a rolling loan with a greatly appreciating asset is a good way to cash out without actually cashing out and paying taxes... hmph, food for thought. But why do I need to buy their coin for that?

I bought in at 3.50 and just convinced a family member to buy in at 10.50. I am going to be accused of signing him up to a ponzi scheme if I'm wrong about this one.

you don't have to pay taxes on loans

Right, that's cool. But what do I need a SALT token for?

token used for membership and since its sold on their site at 27.5 any bought at a exchange can be used on site as well. the big thing is tokens can be used to pay off interest ( how much is not revealed yet) so buy now at 10 bucks on exchange take off 27.5 worth of interest on loan next month. thats why its a steal at this price

It is used to purchase loans. Currently it's 1 for $1k, 10 for $10k, and 100 for $100k. Those will change as the price per token increases.

You can also use to tokens to pay back your loans.

also you can use salt as collateral later in the year and theres been talk of possible staking with the token

basically a loan origination fee (they call it 'membership') and to pay off interest