Enormous $1.3 bln worth of demand reported for SALT

Blockchain based loan platform sees an outstanding rate of client interest
26 February 2018   325

SALT, a blockchain company that deals with loans reported a tremendous spike of loan requests on February 20. It announced that new memberships, loan requests and SALT purchase are put on hold for the time being, as the team addresses the demand situation. Naturally, the existing clients will be able to fully operate the platform.

The company based in Colorado and dealing with blockchain-backed loans since late 2017 has already issued $23 mln worth of loans. Without giving any cryptocurrency and by simply using it as a collateral for cash loans, members are able to put their profits to use in decentralized currency markets, for example to pay off a debt.

Though the platform itself is not cheap - the focus group are those with 6-figure salaries and a net worth of millions of dollars. Despite the fact the minimum loan is $5,000, the number of members is already over 60,000 and it seems such model is working pretty effective. But the issue of scalability now became a bottleneck in the system.

Other lending programs abound within the ecosystem: Coinloan is a crypto asset collateral lending program that offers significantly smaller loans and easier access; Ripio’s RPN Global Lending is more peer-to-peer in its approach; Ethlend of Switzerland works off of the Ethereum blockchain, and touts its decentralized features.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.