Freedom Town: Aesthetic and Recreational Lawn Alternative
- Thread starter BASEDVATO
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Yeah, it's a lending platform that will allow people to take out loans using crypto currencies as collateral.
So if I had $120,000 USD worth of Bitcoin I could use that as collateral for a $100,000 USD loan, regardless of my credit history. The Salt platform will hold that Bitcoin until you pay the loan and Salt tokens will be used to facilitate the transactions and allow you will be able to pay the interest off using Salt tokens. 1 Salt token will be worth 25 USD on the platform, so on the market it will reach at least 15 USD. Once you pay off the loan you get back all of your Bitcoin.
Sounds crazy, right? But a lot of these Bitcoin kids have been making 10's of thousands a day, through day trades. Take out a $100,000 USD loan - invest it into trading, pay off your loan and get your Bitcoin back - which is likely to come back at a higher rate because Bitcoin will have increased (unless that bubble pops). Now, I would never do that. But a shit ton of new millionaires are about to.
The Salt Platform actually has a super strong team behind it who are legit and they have partnerships with some banks already in place. The loan itself I think is like 10 APR, if I remember correctly, but don't quote me on it.
All I know is - it's exploding and I am selling most of it off once the platform is released. I am selling half at 15 USD regardless if the platform has been released or not. I'm already investing with 100 profits since I took my initial investments out.
So if I had $120,000 USD worth of Bitcoin I could use that as collateral for a $100,000 USD loan, regardless of my credit history. The Salt platform will hold that Bitcoin until you pay the loan and Salt tokens will be used to facilitate the transactions and allow you will be able to pay the interest off using Salt tokens. 1 Salt token will be worth 25 USD on the platform, so on the market it will reach at least 15 USD. Once you pay off the loan you get back all of your Bitcoin.
Sounds crazy, right? But a lot of these Bitcoin kids have been making 10's of thousands a day, through day trades. Take out a $100,000 USD loan - invest it into trading, pay off your loan and get your Bitcoin back - which is likely to come back at a higher rate because Bitcoin will have increased (unless that bubble pops). Now, I would never do that. But a shit ton of new millionaires are about to.
The Salt Platform actually has a super strong team behind it who are legit and they have partnerships with some banks already in place. The loan itself I think is like 10 APR, if I remember correctly, but don't quote me on it.
All I know is - it's exploding and I am selling most of it off once the platform is released. I am selling half at 15 USD regardless if the platform has been released or not. I'm already investing with 100 profits since I took my initial investments out.
But if you want more short term gains go back and look at Stellar Lumens. It's been in accumulation mode for the last few days after reaching a pretty significant high. Buy now and watch till Dec 7th when they team up with Satoshi Pay and have a conference they are presenting at with a rumor of new partnerships to be announced.
A dude asked me where to put his $10,000 and I suggested that with a huge caution of I don't really know what the fuck I am talking about and he said "it's cool, I set a stop loss and won't blame you for any losses but on any of my gains you get 10%"
This online crypto community is insane.
A dude asked me where to put his $10,000 and I suggested that with a huge caution of I don't really know what the fuck I am talking about and he said "it's cool, I set a stop loss and won't blame you for any losses but on any of my gains you get 10%"
This online crypto community is insane.
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