SALT Community Membership

[LitcoinCollector]

Imo the question one should ask is, will the value be more than 900.000.000 dollar?
120.000.000 * 7.5 dollar (highest tier)= 900.000.000 dollar
(well 25k were sold at 12,5 dollar)

Looking at the price difference of 0,25 dollar and 7,5 dollar the price should drop 10/ 20 time at launch, but who knows it could blast to a 2 billion marketcap as well (~20 dollar), nothing is for certain in crypto. With Eric Voorhees as a board director this project is one to watch.

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[Vega]

Imo the question one should ask is, will the value be more than 900.000.000 dollar?
120.000.000 * 7.5 dollar (highest tier)= 900.000.000 dollar
(well 25k were sold at 12,5 dollar)

Looking at the price difference of 0,25 dollar and 7,5 dollar the price should drop 10/ 20 time at launch, but who knows it could blast to a 2 billion marketcap as well (~20 dollar), nothing is for certain in crypto. With Eric Voorhees as a board director this project is one to watch.

$7.5 was not the highest tier, $12.5 was. However only about half of the tokens will be in circulation initially and new ones only be included at a price paid for them for no less than $10 (the base prise, meaning the minimum price SALT will be selling them, and it will be most likely even higher initially, $12.5 or above)

I don't think there is much point calculating market cap for projects like SALT.
It's incorrect to include coins/tokens not in circulation for calculate market cap (even Coinmarketcap only uses circulated supply to calculate)

And while right now we know how many coins are (going to be) in circulation (at the start) and a theoretical market cap can be calculated, in SALTs case as it is a membership token that will be used for paying for a service, the number of tokens in circulation will be ever changing in a not transparent way, as tokens that are used for payment will be out of circulation and when SALT sells tokens on their platform those will be back in.

[drsmoketto]

There are very few post's on SALT here in btctalk so hope i'm not intruding by offering SALT tokens OTC via Escrow.

If your interested drop me a message.

If this isn't the right place, please let me know and I will remove the post.

Cheers

[danielj314]

There are very few post's on SALT here in btctalk so hope i'm not intruding by offering SALT tokens OTC via Escrow.

If your interested drop me a message.

If this isn't the right place, please let me know and I will remove the post.

Cheers

Salt has a very active Slack channel. And they are on Telegram also I believe but I'm not so I'm not sure about the activity there. They have never cultivated a presence here on BTCtalk (this thread was not created by them) so it's not as active as with some projects that do.

OTC solicitations would not be appropriate on Slack but I don't think there is any prohibition against them here.

[Bityann]

My thoughts on the many questions raised about Exchanges etc.

Saltlending has a transferable ERC20 contract. What i think This means is: that after the salt is distributed, the tokens bought for $1,50> can be traded immediately between wallets or, on platforms that accept/list the ERC-20 token (On Etherdelta for instance, anyone can get ERC20 tokens to be listed on their exchange). You just have to apply

typically, its the ICO team
but if the token is popular and well-established enough then it will get listed if suggested by token holders.... sometimes even automatically

(no exchanges where you have to apply for listing like poloniex, bittrex etc.)

I think that it’s also not in Saltlendings interest to get listed on these exchanges because the SALT token is a consumptive use product. Also If the price of salttoken rises to the moon, applying for a loan becomes more expensive (right now it would be really cheap though 😉).  Because the token is tradable, the market decides what the value of the token is through supply and demand till:
When te saltlendingplatform launches in Q4, saltlending will sell tokens to a price they choose. (10-20% above the highest tier of: $12.50 is the indication thats given to us right now.

[Dorky]

The SALT project looks quite promising.
And I know of some ways that can make it multiple times more promising.
Nevertheless, the total supply will be 120 million.
And at $12.5, that market cap would be $1.5 billion.
Relatively speaking, the current promise of SALT certainly does not justify it at such market cap level.
Buying after the listing + selloff would be far better than spending over $2k in the ICO and having to submit personal details for AML/KYC excuses.

[AltcoinScamfinder]

The SALT project looks quite promising.
And I know of some ways that can make it multiple times more promising.
Nevertheless, the total supply will be 120 million.
And at $12.5, that market cap would be $1.5 billion.
Relatively speaking, the current promise of SALT certainly does not justify it at such market cap level.
Buying after the listing + selloff would be far better than spending over $2k in the ICO and having to submit personal details for AML/KYC excuses.

Just like Gnosis, Ripple etc. SALT will.be valued based on free market tokens in circulation. Even more relevant for salt since the locked tokens will be sold at market price + 20% so no solution or value for toKen holders.

I predict $15 first day, possibly a slight dip but $20+ in a few months when the profits start rolling in and more large deals (Asia) are revealed. This will be the ICO of the year together with Ubikrn.com, Tezos and perhaps a few more.

[Dorky]

Just like Gnosis, Ripple etc. SALT will.be valued based on free market tokens in circulation. Even more relevant for salt since the locked tokens will be sold at market price + 20% so no solution or value for toKen holders.

I predict $15 first day, possibly a slight dip but $20+ in a few months when the profits start rolling in and more large deals (Asia) are revealed. This will be the ICO of the year together with Ubikrn.com, Tezos and perhaps a few more.

Where in the white paper stated profits will be transferred to the token holders?

[drsmoketto]

There are very few post's on SALT here in btctalk so hope i'm not intruding by offering SALT tokens OTC via Escrow.

If your interested drop me a message.

If this isn't the right place, please let me know and I will remove the post.

Cheers

Salt has a very active Slack channel. And they are on Telegram also I believe but I'm not so I'm not sure about the activity there. They have never cultivated a presence here on BTCtalk (this thread was not created by them) so it's not as active as with some projects that do.

OTC solicitations would not be appropriate on Slack but I don't think there is any prohibition against them here.

Thank you

[kabukabu]

Just like Gnosis, Ripple etc. SALT will.be valued based on free market tokens in circulation. Even more relevant for salt since the locked tokens will be sold at market price + 20% so no solution or value for toKen holders.

I predict $15 first day, possibly a slight dip but $20+ in a few months when the profits start rolling in and more large deals (Asia) are revealed. This will be the ICO of the year together with Ubikrn.com, Tezos and perhaps a few more.

Where in the white paper stated profits will be transferred to the token holders?

SALT holder seem not to receive any rewards,but In March 2017, SALT created the first Blockchain-Backed Loan Agreement.
The price will go up soon.

[kabukabu]

The SALT project looks quite promising.
And I know of some ways that can make it multiple times more promising.
Nevertheless, the total supply will be 120 million.
And at $12.5, that market cap would be $1.5 billion.
Relatively speaking, the current promise of SALT certainly does not justify it at such market cap level.
Buying after the listing + selloff would be far better than spending over $2k in the ICO and having to submit personal details for AML/KYC excuses.

I don't think that the price will be $12.5 soon.On Tuesday 22nd the SALT sale ended and sold out two retail tiers of 25,000 SALT at $10.00 and $12.50 each.
25,000 SALT is  A few percent of issued token.Everyone want to sell for less than $10.

[AltcoinScamfinder]

The SALT project looks quite promising.
And I know of some ways that can make it multiple times more promising.
Nevertheless, the total supply will be 120 million.
And at $12.5, that market cap would be $1.5 billion.
Relatively speaking, the current promise of SALT certainly does not justify it at such market cap level.
Buying after the listing + selloff would be far better than spending over $2k in the ICO and having to submit personal details for AML/KYC excuses.

I don't think that the price will be $12.5 soon.On Tuesday 22nd the SALT sale ended and sold out two retail tiers of 25,000 SALT at $10.00 and $12.50 each.
25,000 SALT is  A few percent of issued token.Everyone want to sell for less than $10.

That's not how any of this works. SALT will start trading over $15. Mark my words.  The tokens sold under $3 have lock-in and won't be tradable over the market for a long time.

[jeremy grol]

SALT will be sold at 20 minimum

[JohnDoe3490]

Lots of speculation at the trade price. Hopefully it'll start high. My entry point was about $5-7.50 IIRC.

[Dorky]

Might as well just say SALT token will be sold at over $1 million a piece.

Real money is at stake here, and this is not a buy.
I can only speculate that price will take a sharp fall after getting listed.

[qiman]

Has the ICO ended for Salt or is it ongoing still? I found this one from TAAS FUND investing here so am quite interested in perhaps purchasing a few tokens here for good measure. I would like to read up on it more of course.

[drsmoketto]

Has the ICO ended for Salt or is it ongoing still? I found this one from TAAS FUND investing here so am quite interested in perhaps purchasing a few tokens here for good measure. I would like to read up on it more of course.

Unfortunately the ICO ended a week or so ago. They are currently undergoing the audit process and im sure news of the official sale with the launch of the platform will come out shortly after.

[NeedMoonForLambo]

I actually think once it hits major exchanges we will see $50+

2-3 years $100+

[yacthclub2017]

Guys im selling SALT at a good discount with ESCROW.
I need funds for kyber ICO.

40% discount last tier, hit me up. I have sold a bunch to friends, have only small amount left

[BTCBusinessConsult]

As I have stated in my youtube videos and in emails to clients. Salt lending will be a HUGE company because their collateral backed smart chain contracts have LITERALLY 0 risk.

you loan somebody $25k and they default? POOF, you automatically get 25k worth of BTC/ETH into your wallet. You invest in a $10k loan and they are late on a payment, WHAM AUTOMATICALLY the platform will sell off a certain portion of the collateral ( crypto) and send it to you so that you get the payment that is expected for that month ( or whatever the agreed upon frequency is).

Seriously this is going to be crazy big.