How does this borrowing against you work? I this ICO promoted on FB, but can't grasp the idea behind it.
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How does this borrowing against you work? I this ICO promoted on FB, but can't grasp the idea behind it.
With Salt, basically you must put up 125% in cryptocurrency as collateral for a loan in fiat. For 1 salt membership (token) you can access up to $10K loan or for 30 memberships, up to $100K loan. Instead of having to sell crypto to raise capital, now you can leverage your crypto holdings to access needed capital.