SALT Community Membership

[HEROinME]

The price will go up as folks utilize the SALT network to borrow money. Think about how much money is borrowed each year from credit cards and banks. If over time SALT can gain a share of that borrowing market (this share will rise along with the adoption of crypto currencies), the value of SALT tokens will rise on the back of the loans and inherent interest generated by them. The demand for SALT memberships will also rise as folks look to obtain them to borrow capital.

thanks for the info. However i am curious, SALT tokens are used for membership and to reduce interest rates on the crypto-back loans which i am assuming will be pass to the lenders as part of the money at prevailing value. The value of the token would be determined by market forces (listed on secondary exchanges), however since there are millions of tokens at $1.5 and millions again at $3. it would be safe to say that chances of it going up to $10 would be relatively low in the beginning at least.

SALT is arranging the loans and there is no mention on how much "processing fees" they are charging the lenders and how that fees are related to the tokens.....

Sorry for being dense, but i am still not seeing it, predominately due to the excessive tokens at $1.5 per token.

[morpheus305]

Are salt tokens gonna be traded on exchanges and if so when do they become tradable?

[bitwarrior]

Are salt tokens gonna be traded on exchanges and if so when do they become tradable?

They will eventually be traded on major exchanges.. the question is when they will be listed when they finally distributed the salt tokens.

[CECVW]

can you still buy salt from the ICO?

[Blakesss]

Yep... only 25% of the $7.50 round left though.

[dashingriddler]

Just heard of this today on a steemit post.
Interesting project to say the least.

Will it work like what has been achieved by something like bitconnect or is the system it uses different from that one?

[CECVW]

2.0 million SALT @ $3

1.5 million SALT @ $5

1.0 million SALT @ $7.50


So the total supply in circulation will be 2 millions + 1.5 milions + 1 millions =4.5 millions

is that correct? thats what they are selling in the ICO

[HEROinME]

2.0 million SALT @ $3

1.5 million SALT @ $5

1.0 million SALT @ $7.50


So the total supply in circulation will be 2 millions + 1.5 milions + 1 millions =4.5 millions

is that correct? thats what they are selling in the ICO

if i am not mistaken, there are 35mil SALT sold at $0.25 and 5mil SALT sold at $0.50...... total circulation would be in excess of 40mil. I am not sure how many SALT is being kept by the team.....

[CECVW]

2.0 million SALT @ $3

1.5 million SALT @ $5

1.0 million SALT @ $7.50


So the total supply in circulation will be 2 millions + 1.5 milions + 1 millions =4.5 millions

is that correct? thats what they are selling in the ICO

if i am not mistaken, there are 35mil SALT sold at $0.25 and 5mil SALT sold at $0.50...... total circulation would be in excess of 40mil. I am not sure how many SALT is being kept by the team.....

do yo mean before the ICO they sold 35 millions at $025 and now we are buying it at $5?

[BTCBusinessConsult]

Salt tokens can also be used to reduce the interest rate on a loan. Example:

Say you take a 10k loan at 10%, you could spend 25 Salt tokens to reduce interest rate to 8.5%... obviously those numbers are made up but the concept is the same.

[Ale88]

do yo mean before the ICO they sold 35 millions at $025 and now we are buying it at $5?

Actually now they're selling at $12,5...

[bitwarrior]

do yo mean before the ICO they sold 35 millions at $025 and now we are buying it at $5?

Actually now they're selling at $12,5...

The sale at 12.5 usd just been closed sometime ago.. its all done for now.

[jootjejodel]

I’m actually going to invest a little ether here, thanks for making this idea btw

[btcbug]

Anybody know when this service is launching? I am in need of financing and really want to try this out!

[10foldtony]

The salt lending whitepaper is available to anyone on their website and answered all the questions I had.
I would suggest reading it if you're going to play. I only made me more confident in my investment.

https://membership.saltlending.com/files/abstract.pdf

[danielj314]

Anybody know when this service is launching? I am in need of financing and really want to try this out!

No definite date has been specified for launch. Only "sometime in Q4 of this year" has been said. So that's a pretty large window. The team often says they are shooting to release the platform "in the Fall" which in my mind is sometime October-November.

[AltcoinScamfinder]

do yo mean before the ICO they sold 35 millions at $025 and now we are buying it at $5?

Actually now they're selling at $12,5...

The sale at 12.5 usd just been closed sometime ago.. its all done for now.

I think SALT might start trading over $20. One of VERY few true business cases with investors and a business case that will make serious money.

[AltcoinScamfinder]

do yo mean before the ICO they sold 35 millions at $025 and now we are buying it at $5?

Actually now they're selling at $12,5...

No tokens were sold at $0.25 just to get your facts straight.

[Dorky]

I suspect the token will be sold off sharply after it gets listed.

Those bought at $0.75 and above will be wise to lock in their 1,333% profits by selling them off if the listing price is at $10.

Because doing so, and then rollover the 1,333% profit to another upcoming ICO, say for an additional measly 100% profit would mean a gross profit of 2,666%.

That's far less risky than hoping for SALT token price to go from $10 to $20.

[danielj314]

I suspect the token will be sold off sharply after it gets listed.

Those bought at $0.75 and above will be wise to lock in their 1,333% profits by selling them off if the listing price is at $10.

Because doing so, and then rollover the 1,333% profit to another upcoming ICO, say for an additional measly 100% profit would mean a gross profit of 2,666%.

That's far less risky than hoping for SALT token price to go from $10 to $20.

I'm sure there will be some sharp selling off in the beginning. Especially by those who are only interested in locking in a quick (perceived) high return. But I believe that many of those who hold the most SALT plan to hold on to what they have because they intend to use it for its intended purpose like buying down the interest rate on loans. And there will probably be other uses that haven't been revealed yet. If all you care about is taking profit and rolling it into another ICO, more power to you. That's certainly a strategy that many pursue. I think SALT is unique in many ways and many who have purchased large amounts did so with the end in mind of actually using it. It will be interesting to watch it all unfold.