Review on SALT by Maximiliano Aquino
SALT
SALT is a company that was founded in 2016 and has the idea of providing loans to its users who can use their funds or crypto assets as collateral. In more direct terms, Salt is a loan company where you can use your digital currencies as a way to finance the loan. Your SALT token can be used as a utility token within the platform, and can be used to purchase services. The loan provided can be received after signing the contract either in fiat currency or in stablecoin, the faster it is received. SALT operates in several countries around the world. On your website you can do a simulation of the amount you want to receive the loan and how much you will pay for it. It is a say competitor of the NEXUS platform. Apparently it has qualified professionals and more than 40 employees, yes, it is a centralized company and a proposal to solve the financial side of those who need loans with less bureaucracy.
Pros
- loans with cryptocurrencies as collateral
- your token can be traded on exchanges although its value is small
Cons
- high minimum loan limit.
