RE: SALT!!! FREE MONEY!!

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SALT!!! FREE MONEY!!

in bitcoin •  7 years ago 

This legit?

bitcoin
7 years ago by

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      ·  7 years ago 

    YES 100 percent legit! The price of salt wont be this low for long! Literally got an email today saying they had 550 million dollars worth of loan requests in the first week of salt loans going live! if you dont do a loan at the very least buy the token and hodl!!

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        ·  7 years ago 

      it will explode in 2018

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          ·  7 years ago 

        I've looked at the website. It's certainly an interesting model.

        Do you know of anyone who's received a loan? Might there be other aspects that would reduce the chances for this sort of arbitrage?

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          2 votes
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            ·  7 years ago 

          It's not clear to me exactly how the salt token figures in the loan arrangements. Their white paper ('abstract') identifies the role of the blockchain in recording transactions, facilitating smart contracts that action the loan agreement etc, but I don't see where Salt is used for payment, other than for some kind of membership fees.

          Perhaps I'm misreading their publication, but I don't think the arbitrage you identify would work in the way you suggest.

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            1 vote
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              ·  7 years ago 

            It seems like it's worth signing up for at least, and hodling

            In the interests of self-promotion, here's a referral link:
            https://membership.saltlending.com/register?r=TDS84

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                ·  7 years ago 

              They wont except SALT tokens to pay down principal like they are now forever!! Just to lower interest!! But to incentive people to take loans they are currently allowing it

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