The SALT Lending Platform, an ERC-20 based token which is used as the currency for lending on their website, has risen 25% since yesterday, signalling investor interest in the platform. The platform goes live this month, allowing for users of the platform to receive USD in exchange for bitcoin held in a smart contract. SALT lending requires no credit score, as you will have to put 125% of your capital that you wish to lend as collateral, so that they are protected from borrower's malpractice. However, there is an opportunity here that many do not see. When the SALT platform goes live this month, tokens will be traded at $25 each on the site. Currently, the price of these tokens is just $5.45. That means a possible 4-5x growth as soon as the platform goes live.
The lending platform allows for you to not have to go through the often lengthy process of cashing out your cryptos into fiat currency, instead allowing you to maintain your cryptocurrency assets while also having cash liquidity. In addition, if the value of your cryptos rise during that period, you will still get to keep the full appreciation of your assets, as you did not actually cash out your money, so your cryptos would have possibly gained in value during the duration of the loan. You simply have to pay an interest rate on the loan that is determined by the lender. This is, in my opinion, a great token to get into right now, as the token will soon have massive growth. The opportunity for arbitrage is prime, as the token is currently trading under what the lending platform will have it set at. I would advise all my followers to at least ascertain a play on this token.
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Sources:
saltlending.com