SALT, BTC and ETH are the most popular cryptos in Europe

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We’ve made a quick and dirty preliminary poll among the online crypto traders in Belgium. We’ve tried to establish the most popular digital trading and investment assets in Belgium.

We’ve polled 248 anonymous traders and holders. While highest place of the Bitcoin and the second one of Ethereum were easely predicted the third one – SALT – has been kind of surprise. More common assets like Ripple or Litecoin, Bitcoin Cash are highly popular among traders outside of Belgium.

SALT and somewhat around 20 others so-called “altcoins” from the top-100 list have performed nicely in 2017 and have good chances to grow manifold in the 2018, investors presume.

SALT streamlines every step of the loan. We’ve simplified the application process by focusing on the value of the borrower’s blockchain assets instead of their credit score. Borrowers are automatically matched with capital from our extensive network of lenders. SALT keeps collateral assets safe in a fully-audited, ultra-secure architecture during the life of the loan so members can borrow with confidence.

How SALT Works

A SALT coin is purchased for $25, which grants the user one-year access to a loan of up to $10,000. The more SALT coins one has, the larger the loan capacity. An amount of cryptocurrency is given as collateral, where the user pays periodic instalments for the loan. This framework creates a base demand for the coin, which can be defined as the underlying driver for its price.
The Catch?

This sounds very convenient for the blockchain asset holder, yet there is one catch: if the value of the crypto falls below the margin requirement, the borrower receives a margin call, and if not fulfilled, the asset is liquidated to cover the remaining part of the loan. If a payment is missed, a portion of the collateral is liquidated.

Everything appears to be in order. Yet when one considers that many investing in cryptocurrencies devote their entire savings – where they would also be inclined to leverage their position – SALT paints a scary picture.

No Credit Checks

Another attribute – or perhaps shortcoming – of SALT is that it requires no credit checks. So anyone can take out a loan; SALT has the collateral, where the lender can liquidate to cover its unpaid loan. The problem affecting society does not arise from a structural weakness of such a system, but from the borrower’s final state.

Stories of Past Misery

As it was observed in recent crises such as the housing market bubble, society fails to learn from its mistakes when it comes to leveraging and investing. This risk of a bubble is exacerbated when combined with a boom in credit.

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