{"id":2357,"date":"2017-12-22T01:57:00","date_gmt":"2017-12-22T01:57:00","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=2357"},"modified":"2017-12-23T23:59:08","modified_gmt":"2017-12-23T23:59:08","slug":"salt-lending-platform-accepts-wax-tokens-collateral","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/salt-lending-platform-accepts-wax-tokens-collateral\/","title":{"rendered":"SALT Lending Platform Accepts WAX Tokens as Collateral"},"content":{"rendered":"

\"SALTFollowing the successful token generation event, WAX<\/a> – a decentralized platform facilitating the creation of a fully functional virtual marketplace with absolutely nil investment in infrastructure, payment processing, or security – announced that it will use the SALT platform<\/a> to allow WAX tokens to be used as collateral for cash loans.<\/p>\n

SALT, an acronym for Secure Automated Lending Technology, is a platform which facilitates users to get a loan against digital assets<\/a> such as Bitcoin, and Ether, among others, without a need to sell them.<\/p>\n

WAX token holders will be able to hold their crypto currencies, gaming skins, and digital collectibles, while receiving cash loans on the SALT platform. Investors also get a opportunity to lend against a high-growth asset class in a secure manner. The innovative SALT platform also ensures that loans are fully collateralized.<\/p>\n

WAX was created by top virtual goods marketplace OPSkins<\/a>. Notably, anyone from any corner of the globe can host their own virtual marketplace for a low fee. It was basically designed to serve about 400 million gamers<\/a> who trade game items. The platform relies on block chain technology to verify and record a transaction.<\/p>\n

WAX_io<\/strong><\/p>\n