SALT lending

in bitcoin •  7 years ago 

I mentioned before SALT was at good price. Still is. I never went over the fundamentals. Here's a breakdown.

With SALT, you can borrow money, using your crypto as collateral. This is huge. It basically works as a pawn shop. Say you have some BTC, but really dont want to cash it in, because we all know it's value will only get better. Well now you can put up your BTC and get FIAT in return, while still holding your BTC. After repaying the loan, you get your BTC back. And you don't get hit with any capital gains taxes, as far as I can tell. It's a loan!!! And to boot, you can pay back the loan with SALT at $24 per SALT!

This is true utility, and something I will be using.

You can also be a lender, and collect on that as well.

Sign up on the website, go through the verification, and get yourself in line. This is a great tool to have in your back pocket!!!

happy coining,
-C

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I like your work dear
You and analyst @salahuddin2004 are two top analysts of cryptoworld.