SALT

SALT(SALT)

SALT (Secured Automated Lending Technology) is a membership-based lending and borrowing network. Using cryptocurrency as collateral, users can secure cash loans. The platform doesn't require to check your credit score
  • Market Cap
    $125.341.407
  • Price
    $2.12676
  • Category
    Finance & Banking
  • Origin
    US
  • Team Size
    15-25
  • Initial Release
    01/08/2017
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    6.4
  • Team Ratings
    6.7
  • Execution Ratings
    6.5
Product
  • The need for the product ⓘ

    7
  • Total addressable market size ⓘ

    6
  • Product/market fit ⓘ

    7
  • How is the product compared to existing solutions? ⓘ

    8
  • How difficult is to make the product? ⓘ

    7
  • Could this product scale? ⓘ

    6
About Product
Effective interest rates around 10%-16% depending on the loan and use of SALT tokens. The business model designed to be automated using oracles and Multi-Sig contracts. 3rd party lenders might be able to integrate the system using upcoming dev tools. As of 2018 Q1, around $40m landed with manual approvals. After you pay back with interest, smart contract releases your cryptocurrencies back to you.
Team
  • Team's previous experience ⓘ

    7
  • Does the team have a clear vision? ⓘ

    8
  • Is technical team sufficient for building the product? ⓘ

    8
  • Is the team active? ⓘ

    7
  • Is the team size big enough? ⓘ

    6
  • How is the team growth? ⓘ

    7
About Team
It was available before but currently, we are not able to view the team on the website. According to their posts team is growing. They do not have big names from the industry, but we are in the early stages of the company.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    7
  • Did they meet previous deadlines? ⓘ

    7
  • Is the marketing strategy sufficient? ⓘ

    6
  • Team’s previous achievements ⓘ

    7
  • Strategic partnerships ⓘ

    7
  • Current market size ⓘ

    7
About Execution
SALT is expanding into new jurisdictions across the US. They are growing the lender network. In order to increase the trust in the platform, they might need more track record and maybe regulatory actions. Loans are not insured and lending is not as secure as bank guarantee. However, interest rates they provide for cryptocurrencies and no credit check is a plus that might attract users.
Editor's note

We find platforms like SALT necessary for its market. SALT might have a potential when the platform goes mostly automated. However, you should make detailed research before investing. There are many moving parts in this ecosystem; volatility, trust, possible regulations and adoption of the platform. Also, we see in the community people reinvesting the borrowed money to cryptocurrencies. While we believe in the potential of the blockchain, doing so is gambling in our opinion.

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Initial Rating: April 24, 2018

Last modified: June 4, 2018