salt

Nutshell

• SALT allows to leverage blockchain assets to secure cash loans. They allow people to get money without having to sell investments

• The company behind SALT was founded in 2016 and is based in Denver, USA

• There was an ICO in August where SALT raised almost $55 million making it one of top 10 ICOs in history in terms of raised capital.

• SALT has several value tiers and products. It is aiming to be used by both companies, businesses and private users.

Technology

• SALT Lending has developed protocol agnostic
• technology to automatically manage blockchain backed credit agreements between borrowers and lenders

• The blockchain assets underlying each loan are stored in a fully audited, ultra-secure multi-signature architecture throughout the life of the loan. This means everything is securely stored.

• SALT’s smart credit agreements act as a bridge between two historically divided systems: the world of blockchain assets and the world of traditional financial infrastructure.

Usage

• SALT streamlines every step of the loan. Borrowers are automatically matched with capital from the extensive network of lenders.

• Collateral assets are stored safely by SALT in a fully-audited, ultra-secure architecture during the life of the loan so members can use the system without having to worry about anything going wrong.

• There are 3 main products:
• membership
• premier
• enterprise

• With different products SALT is trying to attract both individual customers and companies

Availability and price

• Available on few exchanges and missing from some of the big Western ones and all Eastern ones

• Most volume split between Liqui (49%) and Binance (42%), some volume on EtherDelta (9%)

• Current price as of 9th of October around $3 with the currency being ranked on 36th place based on market cap

• In the last few months has been decreasing stedily since the ATH of $7.63

Unique aspects

• As far as I am aware this is the first platform that allows contribution in cryptocurrencies so that already puts it ahead of the competition.

• With the different membership tiers they should be able to attract a variety of users with variety of needs

• They have secured several partnerships including ShapeShift, Jaxx and TASS

• The release of the platform is set to be at the end of 2017 so very soon

Unique aspects

My verdict

• SALT doesn't currently have any competition and that alone makes it an interesting choice for an investment

• After the brutal recent dip the price is stabilising so if you have considered investing into SALT this might be a good time

• Keep in mind it's missing from the biggest exchanges

• Long term seems very promising as long as the team can stay on top considering the laws especially since they are based in the USA