Why the fuck aren't you in SALT yet?

[Anonymous No.5544107]

>Loan exchange w/blockchain collateral
>Users can pay back principal and interest with SALT tokens at retail value
>One SALT token is valued at 27.5 USD on the SALT platform
>SALT is currently trading at 16-17USD

What are you waiting for?

[Anonymous No.5544160]

>>5544107
they'll be raising the price to stay above exchanges, this means there's literally no ceiling for SALT, I'm fucking rich

[Anonymous No.5544180]

>>5544107

Dude fuck that shit, you're missing out on the real profits, 25k members already. This discord>McAfee: discord.gg/XMmR8z9

[Anonymous No.5544211]

>>5544180
fuck off

[Anonymous No.5544244]

>>5544107

I bought some salt but why isn't it trading at $27.50 or higher? What are we missing?

[Anonymous No.5544246]

>>5544180
Get out of here with that ponzi scheme shit.

[Anonymous No.5544259]

>>5544246
>>5544244
report the post

[Anonymous No.5544277]

>>5544180

[Anonymous No.5544283]

>>5544244
Waiting for whales to stop manipulating the price.

[Anonymous No.5544300]

You are gonna regret selling that shitcoin, just wait and see https://discord.gg/3kZ6RBn

[Anonymous No.5544313]

>>5544283

Seems like an easy arbitrage type gain. Not sure why whales aren't the ones buying. Makes me suspicious but I'll hold and see what happens

[Anonymous No.5544322]

Are you

>be retarded
>buy SALT over the last 2 days
>probably at a loss all day
>maybe even sold at a loss and bought again at a higher value
>finally moves 10-20%
>sell out as fast as you can
>"wow guys it was a pump and dump I'm a genius investor"

Or are you

>buy SALT anytime before 8PM
>HODL
>get easiest gains you've ever seen

So many newfags thinking their god like day traders
Seriously, this is how people act after the two-three biggest bull weeks for the alt market?

[Anonymous No.5544380]

>>5544160
Wait, you don't actually think this right? The ceiling is the proper value of the service it provides, which will decided by the market of people taking loans. If you think they will raise it to 10k and people will spend 10k to have the chance of borrowing 10k you are literally braindead.

[Anonymous No.5544466]

>>5544380
They've said that they would increase the price of SALT and decrease the requirements needed for membership and loan processing.

Cryptocurrency doesn't have to be in whole numbers

[Anonymous No.5544599]

>>5544322
Bought in 2 hours before release, sold 30 minutes after with 20% profit. Get fucked.

[Anonymous No.5544610]

>>5544466
>hey guise lets just say our tokens are worth 100k and charge people .0001 salt for membership then we will be rich
If you honestly think the market will support whatever marketcap the company arbitrarily assigns you are beyond saving. Pick a new hobby.

[Anonymous No.5544806]

>>5544610
Pretending to be retarded isn't helping you.
They take SALT for interest and for early loans it can be used for principal. They won't arbitrarily increase the price because they need to be able to support it.

>>5544599
Grats, I hope there are other coins to make money off because it'll continue to make profit

[Anonymous No.5545186]

>>5544107
Because my BTC transaction is in limbo. I've been spamming it in the free transaction accelerator all day to no avail. I need to sleep but if someone could try punching it in a few times during the dead of night I'd appreciate it.

tx: 56034ff2cbe9dadd8b15d9f31e1900d3b383fad8ddb4a71b1fcfc3266900e36e


also we're mooning now ree

[Anonymous No.5545259]

>>5544107
Comfy af senpai

[Anonymous No.5545370]

>>5544107
question, if i understand this collect. you give collateral or crypto for a fiat loan. you pay interest on the loan. but what happens if the value of the crypto falls below the value of the loan and people simply walk away from the debt?

[Anonymous No.5545629]

>>5545370
They make you put in over the collateral amount, but yeah if btc tanks to like half or something it would be a problem for them. If the price drops a little they ask for more collateral

[Anonymous No.5545727]

>>5545629
what's the ratio of of the loan to collateral? because with the volatility of crypto, you could simply walk away from the loan whenever the price dips and just buy back.

[Anonymous No.5545778]

>>5545629
You put in more colateral than you take as a loan
If it drops, they phone you up to get more or they begin liquidating you.

Adding to the colateral isn't really an issue since you get it all back when you pay the loan

[Anonymous No.5545877]

>>5545778
but doesn't that make it a really risky loan if i'm liable for a loan that requires me to put in more money at anytime? if i don't have the liquidity i default on the loan?

is there a exact ratio known?

like if i put in at current time 100USD worth of crypto for say, 80USD fiat. price of my crypto drops to 70USD. what happens? i can walk away and earn 10USD or what happens?

[Anonymous No.5545950]

>>5545877
They're basically a bank working with SEC regulators.
My guess is whatever they have figured out works.
Especially if they plan to have 75M in loans by the end of January

[Anonymous No.5546046]

Hey so i just became a member for one salt and now IDK WHERE THE FUCK THE 10k went!!! WHAT DO I DO WHAT the FUCK DO I ddodoooooo its where im so confused, i didnt even know I was taking out a loan yooo wtf

[Anonymous No.5546071]

>>5546046
Yo honestly someone help

[Anonymous No.5546151]

>>5545259
290k in SALT

anon i

[Anonymous No.5546155]

>>5546046
basically ur goin to get $10k in ur bank account and u have to repay back monthly with SALT

good news is that you dont have to report this on taxes because it's a loan

[Anonymous No.5546168]

>>5546155
but i never linked my bank acc

[Anonymous No.5546170]

Should I be selling all my ICX at the moment to buy SALT for the next few day? (Then buy back the ICX in a few days from now)

[Anonymous No.5546185]

>>5546155
SALT seems like a SCAM

[Anonymous No.5546189]

WERE READY TO LEAVE THE PLEBS AS WE MOON

[Anonymous No.5546239]

>>5546168
am I fucked to pay 10k even though I never got it

[Anonymous No.5546315]

>>5546170

I am afraid to admit but I did that it didn't feel good but had to be done I think.

[Anonymous No.5546400]

>>5544806
>They won't arbitrarily increase the price because they need to be able to support it
Which implies it has a ceiling. Well played, friend; better luck next time.

[Anonymous No.5546426]

>>5546046
>>5546155
>>5546168
Literally retarded fudding larpers

Loans are only open to a select few premium members who pay 100 SALT yearly

[Anonymous No.5546455]

>>5546400

[Anonymous No.5546457]

>>5544211
u salty .

[Anonymous No.5546493]

>>5544322
best time to buy salt was a few weeks ago at $5 bones dumbass nigger

[Anonymous No.5546506]

>>5546426
What? Have you even been on their website? 1 SALT allows up to 10K in loans. The trick is YOU NEED TO PROVIDE COLLATERAL which no one seems to be grasping. It's not 1 SALT for 10k, it's 1 SALT for the membership.

[Anonymous No.5546511]

It mooning now

[Anonymous No.5546534]

>>5546170
that's what I did, I don't think ICX will do much before the EOY

[Anonymous No.5546552]

>>5546506
how do i even provide collateral??????

[Anonymous No.5546563]

>>5546455
>There's no ceiling on SALT
>Yes there is
>B-but they can charge whatever they want
>No they can't
>I know they can't you retard here let me post brainlet pictures
The absolute state of /biz/

[Anonymous No.5546569]

>>5546506
>https://blog.saltlending.com/salt-loans-are-live-cf0f7c8e5d69
>We will be initially providing loans (US dollar denominated and backed by Bitcoin or Ethereum) first to Enterprise members, followed by Premier members, and then to Base members.
Don't forget to kill yourself on the way out

[Anonymous No.5546573]

>>5546506
what do u have to provide as collateral? do they take tendies?

[Anonymous No.5546629]

>>5546569
That's only because the platform isn't finished being rolled out. Everyone in this thread is literally handicapped and should just read the fucking whitepaper.

[Anonymous No.5546631]

>>5546573
been hodl tendies for weeks

[Anonymous No.5546671]

>>5546629
>retard claims to have taken a $10000 loan
>literally unable to
>defending larpers who claim to have accidentally taken a loan and don't know where the money went

[Anonymous No.5546808]

>>5546671
>defending larpers
Can... can you read English? Are you replying to the wrong comment? I don't even know what to say at this point. If you assume I was trying to convince people that the retard that doesn't understand what collateral is accidentally took a 10k loan then you are more dense than he is.

[Anonymous No.5546890]

What does it mean when it says salt=$27.5?

What happens when it says "redemption value"?

[Anonymous No.5546929]

HAS ANYONE GOTTEN A LOAN YET

really interested in the number and what membership you got

[Anonymous No.5546958]

>>5544107
I sold all of my OMG and put it into Salt.

Was this a good move? Thinking about buying back into OMG now that it's at $13

[Anonymous No.5546982]

>>5544322
i'm hodling salt, its bullish as fuck i think, for quarter 1 anyways. but we'll see.

they've barely begun, their final volume in loans will be much higher then their limited launch just now.

once its clear it works, and word catches on, i'm expecting this to be an explosive year

[Anonymous No.5547017]

>>5546890
Value per salt to exchange

Can be used at that value for collateral or to pay off interest ( principal for now )

By using it on the platform, circulating supply drops, raising trading value of others.

Essentially, in exchange for better loan payments, they have better control of their coin market

[Anonymous No.5547062]

This is going from 15 USD to 27.5 USD today. Market always corrects.

[Anonymous No.5547066]

Fuck this shitcoin. It starts mooning when I sold for a losslo

[Anonymous No.5547104]

>>5547017
Oh ok, but it will take awhile until anyone actually uses SALT in that way right?

[Anonymous No.5547147]

>>5547066
>Fuck this shitcoin
>Platform launch for december has been talked about for literally fucking weeks now

Your loss is 100% your fault

[Anonymous No.5547166]

WHO THE FUCK IS SELLING AT $15 RIGHT NOW?

[Anonymous No.5547203]

>Why the fuck aren't you in SALT yet?

Because pic related exists at nearly half the circulating supply and 1/30 the price.

[Anonymous No.5547356]

>>5547104
End of January appears to be the mass roll out.

this basically opens marginal trading in addition to general use

[Anonymous No.5547487]

>>5547166

The absolute madmen

[Anonymous No.5547560]

>>5547203
yea loans based off of trust without government regulation good luck with that

[Anonymous No.5547583]

>>5547203
>he thinks salt being 30x the price of that shitcoin isnt already priced in
go home pajeet, salt has actual uses in the real world

[Anonymous No.5548131]

>tfw a whale takes a huge dump
I hope you got in fags

[Anonymous No.5548295]

>>5548131
This is why salt was so heavily shilled. So that the whales could sell this.

[Anonymous No.5548417]

>>5548295
ALSO cuz something is actually following its release plan

[Anonymous No.5548533]

>>5548295
You act as if that's fud, even though they are selling it short it's still a very good sign that whales knew this would moon

[Anonymous No.5548733]

>tfw only 1k SALT

[Anonymous No.5548779]

Because it will be absolutely destroyed in 3 months by this cutie.

[Anonymous No.5548805]

>>5548779

[Anonymous No.5548806]

>>5544107

because LEND has waaaay more upside.

[Anonymous No.5548827]

>>5548733
Only 250 salt bought at. 6.85-5.85 i believe.
Youll be fine.
Though my bnb did a 5x so im happy. Binance bros are best bros. Have the best gainz.

[Anonymous No.5548886]

>buy 1 btc for $14K
>deposit to platform for $11.2k loan
>buy 408 SALT for $6528
>repay loan in full w/ 408 SALT @ $27.5
>now can sell 1 btc & keep $4672 profit or keep btc at (actual price of) a little over $9.3k

Problems with this?

[Anonymous No.5548927]

>>5548886
try it

[Anonymous No.5548956]

>>5548886
Only for now as a "gift" for "adoption"

After the beginning, salt can only be used to pay the interest

Still a benefit discount when working with large sums

[Anonymous No.5548974]

>>5548806
ethlend is garbage.

[Anonymous No.5549000]

>>5548927
im literally going to once my account has loans enabled. i have enterprise but i only signed up for it a bit ago

[Anonymous No.5549122]

>>5549000
godspeed anon. if you can establish a proof of concept then we are going to the moon. the devs may even be using this as a way to force their price up

[Anonymous No.5549172]

>>5549122
It would be smart of them too, the value of their coins rise a lot more than they would lose from the couple transactions.

[Anonymous No.5549178]

>>5548886
>>5548927
>>5549000
>>5549122
I can see the wait times in moving the fiat & crypto around as a possible mitigating factor, but this should work in theory until they take back the ability to pay down the principle. This should create an immense market for SALT once loans start stacking up in the next couple of days. THIS is the arbitrage situation we've been waiting on to equalize the pricing.

[Anonymous No.5549216]

>>5548974

why? who doesn't like hedging?

[Anonymous No.5549252]

>>5549178
hopefully it works because the alternative is a hungover SALT dev tweeting "oops haha we didn't realize we made a money printing machine"

[Anonymous No.5549421]

They only other thing I can figure is that they meant to say that we would be able to repay A PORTION of the interest & principle with SALT tokens as they has said before re: just the interest.

[Anonymous No.5549481]

>>5549421
Seems more like this is a temporary deal with full principal pay off.

ALSO would sharply raise the SALT price to more quickly get off the ground

[Anonymous No.5550217]

so much greedy brainlets here, it has 27.5$ ceiling, so what? ride the wave till that price or stay poor, who cares

[Anonymous No.5551195]

We going to 50$