/biz/ - Business & Finance

Reducing your loan's interest rate by $25=1 salt.

This is why it's good to accumulate Salt right now if you are going to take out a loan in the future you are literally buying $25 for $2.5

Salt lending will be huge in my opinion because their collateral backed smart chain contracts have literally 0 risk.

You loan somebody $25k and they default? Poof, you automatically get 25k worth of BTC/ETH into your wallet.
You invest in a $10k loan and they are late on a payment, and bam! The platform will sell off a certain portion of the collateral (crypto) and send it to you so that you get the payment that is expected for that month (or whatever the agreed upon frequency is).

alt tokens can also be used to reduce the interest rate on a loan. Example:

Say you take a 10k loan at 10%, you could spend 25 Salt tokens to reduce interest rate to 8.5%... obviously those numbers are made up but the concept is the same.

Bitconnect you dont post collateral lmao
You loan somebody $25k and they default?

Poof, you automatically get 25k worth of BTC/ETH into your wallet.

You invest in a $10k loan and they are late on a payment, and bam!

The platform will sell off a certain portion of the collateral (crypto) and send it to you so that you get the payment that is expected for that month (or whatever the agreed upon frequency is).
Erik is director of the board and is literally a bitcoin billionaire lmao
Who the fk is behind bitconnect?
Thats a total scam

https://www.scribd.com/document/357033648/The-Value-of-Salt

You're all clueless.

>>4224177