Salt Coin: A Smart Investment Decision?

SALT Lending is a new Ethereum token that allows users to obtain US dollar cash loans in return for Bitcoin and Ethereum blockchain-based assets. No credit check is required, and the crypto serves as collateral for the cash loan. The SALT token is needed to participate on the platform and obtain loans. The more tokens users spend each year, the larger the amount they can borrow. Using cryptocurrency as collateral for borrowing money or assets is becoming more popular, and the blockchain for lending money doesn't have much competition yet. However, there are concerns about the concentration of tokens in the hands of pre-sale investors, which could impact price resistance levels. SALT Lending's platform also employs a membership system with different tiers, which may impact accessibility for some users. Overall, while SALT Lending offers an innovative approach to lending, potential investors should carefully consider the structure and distribution of the token before making any investment decisions.

SALT Lending ICO

SALT Lending, or Salt Blockchain Inc., is a blockchain lending company that offers loans backed by blockchain assets. From June 2017 to December 2017, the company raised approximately $47 million through an Initial Coin Offering (ICO) to develop its business. The ICO was deemed unregistered by the U.S. Securities and Exchange Commission (SEC), and Salt Blockchain Inc. was charged and settled the action by returning the proceeds to harmed investors, registering the tokens as securities, and paying a civil penalty.

SALT Lending provides an innovative approach to borrowing by allowing individuals to leverage their blockchain assets, such as Bitcoin, Ethereum, and Litecoin, to secure cash loans. The platform simplifies the loan application process by focusing on the borrower's blockchain assets instead of their credit score. Borrowers are automatically matched with lenders from SALT's extensive network. The collateral assets are kept safe in a fully audited and secure architecture during the loan period, providing confidence for members.

SALT Lending's business model is similar to traditional banking, with money from institutional investors loaned to retail investors. The platform employs a membership system with different tiers, where higher tiers offer access to more features at a higher cost. This structure has been criticised for creating resistance levels that may impact the token price. Additionally, lending on SALT is restricted to Accredited Investors, limiting access to individuals with a high net worth or annual salary.

Despite the SEC charges and the concerns about the ICO structure, some analysts remain optimistic about the long-term potential of SALT Lending. The platform addresses a growing need for borrowing using cryptocurrency as collateral and streamlines the application and monitoring processes through blockchain technology. The strong team, including experienced individuals in management, application development, legal, and financial strategy, further contributes to the potential for success.

In conclusion, while there are risks and concerns associated with the SALT Lending ICO, it presents a unique opportunity in the lending space by leveraging blockchain technology and assets.

SALT's team

SALT Lending is a blockchain-based lending platform that offers users cryptocurrency-backed loans. The company was launched in 2016 and is operated by Salt Blockchain Inc., a for-profit entity, and Salt Lending LLC: Salt Master Fund II, LLC. SALT introduced asset-backed lending to the cryptocurrency marketplace, providing a new level of versatility to digital asset holders seeking liquidity. Today, SALT has a team of over 40 core employees, technical developers, and advisors with experience in various spheres.

The SALT Lending platform has a native token, called SALT, that can be spent to reduce the interest rate on a loan and can be used as a secondary form of loan collateral. SALT Lending was founded in 2016 in Denver, Colorado, by a group of Bitcoin enthusiasts and finance professionals. The company is regulated and holds numerous lending, collection, and loan servicing licenses.

SALT's platform employs a membership system, with more expensive tiers allowing users to utilise more features. The company has live customer service, client support, and best-in-class compliance programs to meet the needs of its users. SALT's team includes technical developers and advisors with experience in various fields, including blockchain technology, finance, and regulatory compliance.

• Shawn Owen, CEO: A serial entrepreneur with experience in management and ownership of enterprise operations. Owen became involved with blockchain technology through his advocacy of Bitcoin in early 2011.
• Phil Cowan, CTO: With 17 years of experience in application architecture development and design solutions. Prior to joining SALT, he spent seven years as a web application developer and graphic designer.
• Ben Yablon, Chief Strategy Officer: A partner at Atlas Law Group with 15 years of legal expertise in emerging financial technology platforms and regulatory compliance.
• Erik Voorhees, Advisor: CEO & Founder of ShapeShift, and previous founder of Satoshi Dice and Coinapult.

SALT's partners

SALT Lending is a new Ethereum token that allows users to obtain US dollar cash loans in return for Bitcoin and Ethereum blockchain-based assets. The token is led by Erik Voorhees, the founder of ShapeShift and Exodus wallet. SALT Lending's ICO started on 15 August 2017, with a token price of $3, followed by $5, and $7.50. The price of SALT was predicted to be no less than $10 after the initial sale.

SALT Lending has several partners that contribute to its development and progress. Here is some detailed information about SALT's partners:

• ShapeShift: SALT Lending is backed by ShapeShift, a well-known cryptocurrency exchange platform. ShapeShift allows users to exchange a wide range of cryptocurrencies without requiring an account or personal information. This partnership provides SALT Lending with access to ShapeShift's user base and expertise in the cryptocurrency space.
• Exodus Wallet: Exodus is a desktop and mobile cryptocurrency wallet that supports a wide range of digital assets. The integration with Exodus Wallet allows SALT Lending users to easily store and manage their borrowed funds.
• Jaxx: Jaxx is another popular cryptocurrency wallet that SALT Lending has partnered with. Jaxx offers a user-friendly interface and supports multiple cryptocurrencies. This partnership provides SALT Lending users with additional wallet options and enhances the platform's accessibility.
• Taas: Taas, also known as Token-as-a-Service, is a blockchain-based platform that provides users with access to a diverse range of investment strategies and tools. The partnership with Taas likely brings additional investment opportunities and expertise to SALT Lending.
• Venture Capital Firms: SALT Lending has also received investments from venture capital firms. These firms provide financial backing and support the growth and development of the platform. The specific venture capital firms involved are not mentioned, but their involvement indicates a level of confidence in SALT Lending's potential.

These partnerships contribute to the development and credibility of SALT Lending. By collaborating with established companies in the cryptocurrency space, SALT Lending gains access to resources, expertise, and a wider user base. These partnerships can also help to enhance the platform's functionality and user experience.

SALT's investment structure

SALT is a global investment platform that connects institutional asset owners with asset managers and technology entrepreneurs. It was founded in 2009 by SkyBridge Capital and now operates as a standalone entity. SALT's mission is to drive prosperity and innovation by connecting investment capital with intellectual capital.

SALT achieves this mission by helping institutional investors (such as sovereign wealth funds, government pensions, endowments, foundations, and family offices) connect with asset managers (from hedge funds to venture capital to private equity/credit) and company founders (from fintech to deep tech to climate tech).

SALT hosts flagship annual conferences in North America, Asia, and the Middle East, in partnership with leading regional institutions. These events aim to make relevant, curated connections for institutional asset owners and provide premier content from high-profile speakers spanning finance, technology, and public policy.

SALT also includes a media platform for investor-focused educational content, such as the SALT Talks video and podcast series, which features conversations with leading investors and founders.

In terms of its investment structure, SALT operates as a membership platform, providing different tiers with varying features and benefits. The more expensive tiers allow users to access more features of the SALT system. It is important to note that lending on SALT is restricted to Accredited Investors, defined as individuals with a net worth over $1 million or an annual salary over $200,000 ($300,000 if married).

SALT's business model

SALT is a membership-based lending and borrowing network. It allows users to use their blockchain assets (Bitcoin, Ethereum, etc.) to acquire fiat currency cash loans. This helps users leverage the value of their digital assets, offset tax events, avoid exchange fees and maintain their cryptocurrency holdings.

SALT works on a membership-based model. The tokens are the memberships themselves, with a minimum of one Salt per year required for the basic membership or 30 Salt per year for the premier membership. They also offer an enterprise membership at custom rates. There is a cap of 120,000,000 Salt membership coins in total.

SALT offers non-purpose cryptocurrency collateral-based loans. This means that the borrower would only need to put up their own cryptocurrencies as collateral, removing the need for a credit check. In addition, since all the loans are non-purpose, the borrower will be able to see profits on any gains in the collateral itself.

SALT has successfully completed key milestones, including securing a bank partnership, a license to take out loans, and a partnership with the Bank of Mauritius. They are on course to release the SALT platform.

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