The SALT platform is meant to facilitate getting a loan, where the company holds your cryptocoins as collateral while you don't pay back the loan.
Cloakcoin is a completely secure, fully private and untraceable digital cash with full fungibilty (all coins equivalent). Cloakcoin is able to achieve this privacy through the use of an offchain coin mixing system called “Enigma”. Check out CoinBureau for the complete review on Cloakcoin.