I wonder what the value to loan ratio will be? What happens if btc drops 50% overnight. You liquidate me while im sleeping? Crypto is way too volatile for this. I loan 10k give you 10k worth of btc. I sleep, during my sleep that btc is now worth 5k... what happens? I have no reason to want my btc back so im assuming ive been liquidated. Or is the collateral held going to be worth 2x the $ loan?
SALT seems like a complete scam coin. The pre-distribution of 'memberships' is laughable, it should be illegal.