In this blog, we will look at SALT credits which our members can use on our platform and get their Blockchain-Backed Loans™.

You can purchase SALT from the member dashboard and we have recently added a SALT deposit option where you can deposit SALT back onto the platform and use as you require.

SALT credits can be used for a number of things. Firstly, you can use it to purchase an annual membership for one of our three membership tiers, which after you have completed KYC, will grant you access to the loans platform. When we launch in December, members will be able to take out different loans by putting up blockchain collateral on the platform. We’ll be announcing more information in the coming weeks about the exact mechanics of this. In addition to your membership, you can use SALT to pay down the interest on your loans, receive better loan terms*, and we will also have a number of types of SALT branded merchandise which you can buy.

To acquire SALT, you can purchase them in the SALT membership dashboard with bitcoin, ethereum, cryptocurrencies and some other tokens that are supported by Shapeshift at a market derived rate.

The team is also delighted to see the positive reaction to our first online shop product. The Ledger Nano S hardware wallets are available to members for 7 SALT here: https://saltlending.com/shop. More items will be available shortly so check back soon!

We will be releasing further information here on Medium over the coming weeks, but if you want to stay up to date with all things SALT, we’re providing a variety of ways in which you can contact the SALT Team and you can follow @SaltLending, like Salt Lending on Facebook, or see our videos on our YouTube channel.

*Terms and conditions apply.