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RE: SALT is now selling products in SALT Tokens
I'm not familiar with this SALT so, more researching and education it is for me. I've been spending a lot of time researching and trying to understand this new world of Cryptocurrencies and to be honest, it's getting a little overwhelming.
I must say I have been upping my smarts and knowledge as a newbie and I have done well in a short period of time with Bitcoin as of late. I must send my thanks to you @kyusho for the information and direction with regards to this new world evolving before our eyes.
Getting schooled sir! Thank you and keep it coming :)
@slynch SALT is a lending business that will usurp the old lending businesses of banks,mortgage lenders, as well as many other incredible perks.
100% collateralize loans is but one, but we can also loan our tokens out for passive income (always liked that), but also for liquidity potential.
I mentioned it a few times in prior posts, so please pardon the redundancy, but if you need your local currency quickly if you cash out of a crypto, it is now a taxable event. Instead you can take out a loan for currency without that event and the interest is actually a tax write off (in conventional tax reporting).
What's more if you have this "LOC" Line of credit, there is no more begging at banks and the months of arduous record reporting involved. Think of the business and personal ramifications of this all while retaining your cryptos! For me this is a WOW...as I am transitioning many aspects of my corporate structure and personal finance to this new system... the ease, the simplicity, the greater personal control has so much potential and efficiency, I am actually disgusted when I need to use the old system these days.
One quick story: I just did a crowdfunding project that I had to work through conventional system, I used PayPal which really got a great profit from it. As soon as the goal was reached, I transferred those funds into Crypto and am close to doubling that initial fund almost 90% in a week, even with this dip we are currently in.
So now let's take it back to SALT; the project does not need to disburse the finds until February. SALT goes live this month, so I will take a loan for that need ( fully funded and backed - non recourse loan) and pay that disbursement. I will retain 90% or more of the proceeds and then sell the product for more gains that will pay off the SALT loan.
This is a great company concept that more will see and use, making even the value of SALT that I hold escalate in value as I use their system.
As a Business owner, this I see as just the beginning of incredible new potentials.
Thanks for the Thanks.
PS Go back to some SALT posts by using Steemit search: salt kyusho