/biz/ - Business & Finance

>>6337369
$2 incoming.

>>5574826

Within the SALT system, tokens are valued at $27.50 (formerly $25). But, with the launch of the platform SALT announced they will accept the SALT token as payment for both interest and principal. Furthermore, they will accept the tokens at the full retail value. I’m assuming they are doing this to market their business and to get more tokens out of circulation back into their platform. They will resell them for $27.50.

So what does this mean to you? Well if you haven’t noticed $SALT is currently trading around $14–15 per token (at the time of this writing). Has the light bulb gone off yet? This means you can buy tokens for $15 and pay off a loan at $25. Simple steps:

1) Buy $15,000 worth of SALT tokens on the open market
2) Take out a loan for $25,000 from SALT
3) Pay off the loan with your tokens (they only cost $15,000 but are valued at $25,000)
4) Pocket $10,000 USD profit, ala arbitrage from a loan