Post
Topic
Board Announcements (Altcoins)
Re: SALT Community Membership
by
a.north
on 16/10/2017, 22:02:35 UTC
I like the looks of this project so far.
Question: How does this compare/contrast with WeTrust (TRST)?

WeTrust seems to have several projects in the works, the first and one I've heard most about being their "trusted lending circles" where one can "build and access credit with trusted groups."

With this description, I think of the Grameen Bank and their micro-finance programs. The bank offers small loans to individials, typically in developing and third world companies, to pursue various entrepreneurial activities. Borrowers join peer group borrowing circles with other borrowers in their community which  improves repayment rates significantly.

I have no idea if TRST is based on a similar model, as I'm yet to dig in further, would be interested in other's input.

SALT, on the other hand, seems like a more traditional, collateral based (one's coins) lending platform.

I'd be interested in hearing folks' thoughts on these and or other, similar platforms, as well as any additions/corrections to my understanding of the platforms.