Function: To receive a cryptocurrency loan, one type of token is used as collateral in order to borrow a different token. ... Users can receive loans for up to 50% of the value of their collateral.
Forbye, what is Blockchain lending?
A new innovation in the finance industry, blockchain lending builds on the peer-to-peer model of blockchain and incorporates traditional lending to create a time-efficient, seamless system. Through blockchain lending, traditional banking becomes obsolete and the reliance on third-party intermediaries is eliminated.
Also be, where can I buy salt Cryptocurrency? SALT tokens can also be bought or traded on Bittrex, ShapeShift and CoinSwitch.
So too, is Salt lending legit?
SALT is a legitimate company, registered in countries worldwide. The company has been building a solid reputation for providing crypto-backed loans since their launch.
What is Crypto and how does it work?
How do cryptocurrencies work? Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.