SALT SALT Price 0.01901752

Salt is a type of lending.
Salt Lending is a lending platform that offers loans.
A native token called SALT can be spent to reduce the interest rate on a loan and can be used as a secondary form of loan collateral.
Salt Master Fund II, a for profit entity, is the operator of the company.
Who are the founding fathers of SALT?
Salt was founded in 2016 in Denver, Colorado by a group of Bitcoin enthusiasts and finance professionals who wanted to bring to the market a product that enabled its users the ability to leverage theircryptocurrencies to secure a cash loan while retaining ownership. There is a Fast-forward to today and you discover a company that builds not only lending technology but also custody and monitoring products.
What makes Salt unique?
The first provider of cryptocurrencies-backed loans was SALT.
Salt allows multi-collateral loans with fixed rates, flexible terms and loan to value ratio options. Cash and stablecoin have payouts. Prepayment penalties and bank-style origination fees are not charged. The maximum LTV ratio is between 30% and 70%. The interest rates are determined by the loan term and LTV. The platform is an insured cold storage wallet and hosts its own SALT token which can be used to decrease loan interest rates. In the United States and internationally, the company provides loans to individuals and institutions.
The SALT platform was designed with wealth preservation in mind.
Here's how it works.
When a loan reaches a forced liquidation LTV, the SALT platform converts some portion of the collateral assets to a stable coin to preserve the value of the loan. Once the health of the loan has been restored, the borrower can ask to convert the loan collateral back to the original cryptocurrencies. As the market is coming back up, this gives users the chance to convert assets and grow their wealth.
The SALT platform has a loan health notification system that can be found in both the app and the phone. There is a general policy of giving borrowers notice of a margin deficiency. The system can convert pledged assets without notice to borrowers to make sure the minimum maintenance requirements of the loan are satisfied. The conversion of pledged assets could result in adverse tax consequences.
How many Salt Coins are in circulation?

Salt is the native token of the platform.
SALT had an initial coin offering.
Salt paid a $250,000 fine and reached a settlement with the SEC related to an investigation of its initial coin offering.
How is the network secured?
The Salt platform is responsible for the security of its networks and user funds. Transactions are signed offline within the Salt platform, which the company says reduces cyber security threats as keys are never exposed to a network- connected device. The multi-signature security process makes it impossible for a single party to move user funds. User funds are secured against both internal and external threats.
Any on-chain SALT transactions are secured by the mainnet of the ether, meaning that the native token, SALT, is an ERC-20 token. There is a
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