I think one of the most valuable tokens that has not hit Coinmarketcap yet is SALT. With the Millions that people can make in Cryptos why would you want to Sell and create a Taxable Event when you could just Borrow against your holdings ?? I am just a little minnow so what do I know ?? @jerrybanfield Love you my Brother and thanks for sharing everyday.................STEEM On !!!
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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.
The tax element I don't know about, so that does sound pretty good. Anyway to keep the systems paws off our grub. But as a Steemian, keeping my Steem while it rises in price and getting paid for it within Steemit is even better! You know what I'm talking about. Loaning your Steem for % profits, with no fees.