SALT - need a bit of help

[Keihatsu]

Hello,

The SALT team seem pretty impressive and I like the dashboard.

I can see a few issues down the line with the product but, overall, at the current price $3.86 I think it's worth a punt.

However, to comply with the "regulatory requirements" the mods will not let people discuss price or exchanges. I guess that being compliant could potentially help with mass market penetration. Not that helpful when you need some advice from the team and they cannot answer.

According to Coin Market Cap 1 SALT = $3.86
On the SALT dashboard, it says 1 SALT = $25 (price of membership)

What I want to do, I think, is buy $300 of SALT at $3.86.

Is SALT on an exchange and can I store the tokens on my SALT dashboard?

It looks like I can only buy membership directly from the dashboard.

Thanks in advance,

K

PS. also, any views on SALT being compliant with the regulations - feels centralised and not very crypto, although if might help the product take off (I guess).

[Emperor of Man]

The market price will be near $25 soon enough, but right now it's the initial dump phase and you can use the opportunity to buy salt cheap.

Find the exchanges which list salt here: https://coinmarketcap.com/currencies/salt/#markets

Salt has big-time lawyers and it won't have a problem with regulations. It was one of the few cryptocurrencies which allowed US people to take part in the crowdfunding phase.

[quantumcomputing11]

Yes SALT is on an exchange. It can be found on liqui as we type. I am not sure if you can store the tokens on the dashboard or not but SALT is an Erc20 token which means you can store it in a compatible hardware wallet.

It does seem like it is worth a punt considering the discrepancy between the prices on exchanges and the prices they are selling for. I really do not understand why the gap is so big, but that is probably because I do not

understand the project fully or something to that degree.

[Keihatsu]

thx both

[Karen23]

Yes, SALT is on exchange you can check on liqui.io, binance and etherdelta.  The price three days ago is around $4 but it drops now to $3.23 maybe because a lot where dumping there coins.  For now, I can't trade them since I bought it at higher price. I will just hold it for now or buy some if I have spare.

[HashFace]

I wouldn't downplay the regulation trouble they are going to run into.  I was an early adopter in Prosper/LendingClub, which evolved out of Social Media, and they had a horrible time with regulation.  Not only did they have to meet federal requirements, but they had to meet the requirements of each state, too.  There are still states where Prosper/LC is not legal.  Now imaging that on a Global Scale.

SALT is not following the same business model, but any "innovation" in the banking industry is meet with resistance.  There have been a lot of changes in the crowd funding law, and Lending Club has to some extent paved the way ...

That said, I'm keeping an eye on SALT.  I've decided to take a chance on it if it drops below $3, and it's almost there.  Looks like it hit 3.06 this morning and bounced a little.  Maybe other people had the same idea.