Review on SALT by LUIS RIVERO R
Loan possibilities.
It is a platform of loans, where these are backed with cryptocurrencies and settled in fiat money. Your token is used within the platform to have more and better access to SALT ecosystem services, differentiating itself from other loan platforms because of its business model since it acts as an intermediary between the parties requesting the loan and the lenders.
It protects against possible price drops in the market, making it necessary to increase the guarantee deposit.
Procedure with smart contracts, which makes your request and approval fast.
The minimum loan amount is higher compared to other loan platforms.
The assets left in guarantee are protected in the cold,
Assets are 100 percent insured.
This loan platform is limited to specific countries, although they explicitly state that they will have market expansion.
Liquidation of funds in approximately seven days, being a slow procedure in comparison to other platforms.
He was eliminated from binance in an unprepared way, creating controversies between the members of the project and this important exchange.
This project has the support of companies within and outside of the United States, although it is ambitious and has many limitations related to availability by countries where SALT loan services can be requested, its token is useful within the platform with the can be paid, menbraces or receive discounts.
One of the implementation problems of this token is that neither its lending platform uses it completely.
But this type of business generates many uncertainties, since it is somewhat complex to offer as an asset an asset as volatile as cryptocurrencies.
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Pros
- The loans and management are automated.
- If you are a borrower you can add characteristics to the conditions of your loan.
- Assets with cold shelters.
Cons
- High amount, from 5000 dollars, comparado con los medios de este tipo de productos.
- There are many criticisms related to this platform.
- Active removed from binance.
- It is limited to some countries.
- Token lacks utility even within the same SALT loan platform.
