SALT Community Membership

[Blakesss]

SALT has so much utility value... You utilize the tokens to access their loan platform. SALT allowing you to access crypto loans is pure utility value. If you think SALT is a pnd you're clueless and out to lunch.

Read this part carefully...

People that will borrow and lend will not be using the money for economic productivity, i.e. opening factories, setting up shops, etc.
Instead, the money will be used for pumping up the token/digital asset used as collateral for loans.
And this can be anything traded in Shapeshift, be it bitcoin, ethereum, tenx, omisego, bancor, etc, including SALT token itself.

Also read this part carefully...

The way I see it, the SALT Lending project is primarily a pump-n-dump business model.
While early participants of the ICO may lock in their over 13x massive profits thru selling, they may also be using their holdings to pump up the price, thus one reason why no outsiders heard about it when it was selling for 0.75.
Buy some millions of tokens at 0.75, use them as collateral for USD borrowing, use the USD to pump up the token price, sell to fools, use the profits to settle the loan and buy up more token, use additional token for further borrowing, use the new borrowing to pump up the price, rinse and repeat.
This can be very feasibly done because the supply of tokens sold at 3 and below is far more significant and constitute a major bulk of the entire supply.
Considering the lack of liquidity of token sold at 5 and above, such pump-n-dump operations can be very easily carried out.
And pricing tier sold at 0.75, 1.5, 3, 5, and above are simply an obvious red flag.
I am not sure if Eric from Shapeshift is a co-founder, but I suspect he is just an appointed one to be a public figurehead.
This pump-n-dump business model is very brilliantly designed, may be very profitable, but highly unethical and immoral.

YOU DON'T GET IT... having the platform and connections to lenders to make crypto-backed loans work is a game changer. Being first to the plate in this greenfield space gives SALT a massive advantage. It will surely quickly gobble the majority of the crypto-lending marketshare upon launch. Don't you get it?... they're replacing a major function of the banking system and the ticket in is a SALT membership token.

The early cheap coins (pre $1.50) are locked in... Wouldn't be surprised if a heap of them went to Voorhees and other angel whale investors.

[Dorky]

YOU DON'T GET IT... having the platform and connections to lenders to make crypto-backed loans work is a game changer. Being first to the plate in this greenfield space gives SALT a massive advantage. It will surely quickly gobble the majority of the crypto-lending marketshare upon launch. Don't you get it?... they're replacing a major function of the banking system and the ticket in is a SALT membership token.

The early cheap coins (pre $1.50) are locked in... Wouldn't be surprised if a heap of them went to Voorhees and other angel whale investors.

I am very sure I get it.
The only difference is I see things from an entirely different perspective than you.
You see it from a rose-tinted glass.

[Blakesss]

I am very sure I get it.
The only difference is I see things from an entirely different perspective than you.
You see it from a rose-tinted glass.

Your posts demonstrate you don't have a basic understanding of the platform. I'm sorry you missed out on the ICO... your trolling efforts are making you look like a noob.

Here's a well thought out value analysis of SALT: https://www.scribd.com/mobile/document/357033648/The-Value-of-Salt

[TheMuppet]

From a pure business standpoint, Salt is one of the most valuable tokens yet.

[cryptonia]

Salt looks very interesting but what stage is it at? Is it expected to be on an exchange?

[Blakesss]

Just got a message that their audit is completed and the tokens can be withdrawn this week.

[HashFace]

SALT just appeared on the Exodus Eden wallet, but it's pretty hard to info on.  It doesn't appear to have an official announcement here.  It's apparently not on any exchanges and it's not on CoinMarketCap yet.  Does anyone have an idea what the tokens will be selling for once they hit exchanges?

[erk]

SALT just appeared on the Exodus Eden wallet, but it's pretty hard to info on.  It doesn't appear to have an official announcement here.  It's apparently not on any exchanges and it's not on CoinMarketCap yet.  Does anyone have an idea what the tokens will be selling for once they hit exchanges?

It's at least a week off, Eden just getting in early.

[Dorky]

Your posts demonstrate you don't have a basic understanding of the platform. I'm sorry you missed out on the ICO... your trolling efforts are making you look like a noob.

Here's a well thought out value analysis of SALT: https://www.scribd.com/mobile/document/357033648/The-Value-of-Salt

I have higher understanding than you realize. No, I didn't miss the ICO. No, I am not trolling.

[Dorky]

By the way, I wonder do you guys realize anyone that borrows from SALT to do trading will very likely suffer tremendous losses?

First, you will need to overcollateralize just to stay safe on your borrowing.
Second, there is nothing to stop any institution/market manipulator to game the price to force a margin call on your collateral.

Apparently not only will SALT ICO participants suffer (due to the huge pricing tier difference), but SALT borrowers too (due to market manipulation).

The only 2 things benefit from this SALT project are the team and any of the cryptos/tokens listed in Shapeshift to be selected for pump-n-dump.

Forgotten to mention this as well...
Any figure about quadrillions of dollars in lending activity...
Hey, those figures may not be flowing to the token holders.
Otherwise, a major bulk of it will go to the lenders first (i.e. institutions, banks) before trickling down (in crumbs) to the holders.

This is one strong reason why when I initially saw the over $1 quadrillion cash repo industry that this project is trying to tap into while the ICO was still selling for $1.50, I planned to get in, but after much thought I decide to stay safe and stay away.
So anyone that still say I missed the ICO, yeah right, so be it to you.

[cryptonia]

By the way, I wonder do you guys realize anyone that borrows from SALT to do trading will very likely suffer tremendous losses?

First, you will need to overcollateralize just to stay safe on your borrowing.

That may be true now, but blockchains are still in their infancy, so that may not always be the case

[bitwarrior]

SALT just appeared on the Exodus Eden wallet, but it's pretty hard to info on.  It doesn't appear to have an official announcement here.  It's apparently not on any exchanges and it's not on CoinMarketCap yet.  Does anyone have an idea what the tokens will be selling for once they hit exchanges?

They will add it eventually on Exodus, we are only waiting for an official announcement.

[5thangel]

SALT Memberships are estimated to be available for withdrawal by the end of the day on Monday, September 25th (or mid-day on Tuesday, September 26th depending on your local timezone).

BOOM!

[Dlugina23]

Salt is the etherum token?

[bitwarrior]

Salt is the etherum token?

Yes, SALT is an Ethereum Token.

[FaYaAAa]

I am very sure I get it.
The only difference is I see things from an entirely different perspective than you.
You see it from a rose-tinted glass.

Your posts demonstrate you don't have a basic understanding of the platform. I'm sorry you missed out on the ICO... your trolling efforts are making you look like a noob.

Here's a well thought out value analysis of SALT: https://www.scribd.com/mobile/document/357033648/The-Value-of-Salt

This analysis is such a joke...

[riskthebiscuit]

I am very sure I get it.
The only difference is I see things from an entirely different perspective than you.
You see it from a rose-tinted glass.

Your posts demonstrate you don't have a basic understanding of the platform. I'm sorry you missed out on the ICO... your trolling efforts are making you look like a noob.

Here's a well thought out value analysis of SALT: https://www.scribd.com/mobile/document/357033648/The-Value-of-Salt

This analysis is such a joke...

Care to offer a reason why rather than just saying its dumb? Fwiw I too thought the analysis was too generous and valuation was high curious as to what you thought was "joke"

[FaYaAAa]

I am very sure I get it.
The only difference is I see things from an entirely different perspective than you.
You see it from a rose-tinted glass.

Your posts demonstrate you don't have a basic understanding of the platform. I'm sorry you missed out on the ICO... your trolling efforts are making you look like a noob.

Here's a well thought out value analysis of SALT: https://www.scribd.com/mobile/document/357033648/The-Value-of-Salt

This analysis is such a joke...

Care to offer a reason why rather than just saying its dumb? Fwiw I too thought the analysis was too generous and valuation was high curious as to what you thought was "joke"

I don't say it's dumb, I mean it is too simplistic but sorry I am not going to spend 30min to comment this analysis, just common sense is needed..

Lending Club went public in December 2014 at a $9 billion valuation => Target is not the same, complete different market
Salt will offer a 10,000 dollar loan for a nominal fee of just 10 dollars => You are leaving BTC as collateral, you can lose on both side if market crash hard
Etc...


I have no doubt that if SALT platform is working well, it will be a succes and will generate good incomes for them. But regarding SALT token, it's a different story, SALT are not doing anything to list the token and even refuse and ban you if you talk about it. Most of the time, big exchange ask a fee in order to list it.

Plus, most of the token have been sold at very low price compare to retail price, I don't trust for a minute that they are locked in...

The funniest is people just look at SALT to 100$ -600$, that's the only real thing who really interest them in this type of analysis.

 

[vortexz]

Received mail that audit is complete
any exchange planned or we had to depend on etherdelta

[archiemakinson]

How will I be able to get it?