![Salt.jpg](https://cdn.steemitimages.com/DQmaVAHiaD2rX9aVt4XCb473uxc9DhAchNn8mqZ1G5tDFKT/Salt.jpg)

**Dramas**:

The SALT CEO (Shawn Owen) decided to walk out from the company in July 2018. Since there is little known about why he walked, this abrupt exit sparked a lot of bad press for SALT, some people even pointing out at the possibility of an exit scam, a fraudulent practice by unethical cryptocurrency promoters who disappear with investor money after the project’s ICO. This turned out not to be the case.

The new CEO didn’t miss the opportunity to express his confidence in the project and optimism regarding the future of SALT, stating that: 

*“I’m looking forward to building a bridge of continued innovation between traditional financial services and block-chain. It’s been a pleasure to work with such smart and dedicated people, and we’re just getting started.”*

**For those that have no idea what SALT is:**

SALT lending is a platform that allows block-chain asset holders to leverage their holdings as collateral for cash loans. They launched the platform in December 2017.

It’s the first of its kind and you get access to liquidity without having to sell your tokens.

**Why I like SALT:**

You can borrow regardless of your credit score, that is a massive deal for a lot of people. 
Over the past two years, SALT has built a management and development team and completed its membership sale. It’s up and running!

Salt has already secured investments from Venture capital firms, meaning that the project has already passed due diligence of those institutional investors.

This coin has long term potential as oppose to day trading it. SALT has a good chance to succeed because there is a genuine need for its services.

SALT Lending has handed out more than $50,000,000 in block-chain-backed loans and have more than 71,000 platform users.

**Latest news:**

The have launched their Proof of Access (POA) membership program that would give their members an upgraded experience by offering platform staking opportunities.

**What does this actually mean?**

This gives members the opportunity to tailor their approach in order to meet their individual borrowing needs. Members no longer have to pre-redeem SALT membership units in order to access borrowing limits. They can simply use their SALT membership units to customize the terms of their loan.

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**Prices:**

The **current SALT price $0.45** is a 115.65% increase from its all-time low price 2 months ago.

SALT's **highest price was $17.68** this was achieved on Friday, December 29th 2017.

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SALT is one of my worst performers in my portfolio, I am down around 90% on it. However, I still believe they can do what they set out to do, the use case is massive. They have had a bumpy road, but the product is excellent, which is why I still have faith in them.

What do you guys n girls think?

Let me know!!

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