SALT Community Membership

[Dorky]

Do you guys know that submitting your ID verification for KYC/AML is actually an EXCUSE?

Do you guys know that collecting personal/private information is easy and very common under such excuse?

Do you guys know that selling such personal/private information to 3rd-parties for any sort of commercial purpose is lucrative (CEO of Xapo did it, and many others too)?

Do you guys know that collecting such personal/private information is both a violation and unethical?

Do you guys realize that SALT collecting your personal/private information may be committing such violation?

Edit:
Based on the number of tokens sold from $1.50 upward (assuming tokens from lower tiers are locked up) and the amount of funds raised, the price of SALT token may continue to decline to around $2 in the future, if we consider the average price where everyone collectively make no money and lose no money.

Even at $2, SALT is still a no buy because it is faulty. Better stay away.

The adoption of crypto is less than 1% today (based on head count). At the moment, I do not see any legitimate SME company would use fiat to buy some $100k worth of crypto, use all the crypto as collateral to get $80k-$90k worth of fiat, and use that fiat for business, with the full knowledge that crypto price is far more volatile than any other asset classes, and with the full knowledge they have much better conventional alternatives for funding (i.e. banks, factoring companies, etc). Anyone that uses SALT for borrowing deserves to lose all their collateral. They should know better.

By the time the blockchain is truly ready for SME adoption, some other way much better projects (by other ICOs) may already be firmly in place to exploit the opportunity. SALT is obsolete in this role. For pump-n-dump, that may not be the case. I would even say SALT ICO is a scam, brilliantly designed to appear legitimate. It is a scam by way of its pricing tier structure. A lot of people (idiots buying into the hype that the token will go to $ hundreds) are losing a lot of money unnecessarily because of such pricing tier structure, which can be very easily avoided, which is not even employed by many of the legitimate ICOs out there, but is employed by SALT for the benefit of those insiders bought at $0.25 and $0.75. And if they are also exploiting personal/private information of ICO participants for commercial purpose without permission, then I say they are 100% scam.

I hope you guys will learn the lesson to stay away from anything that ask you for your ID/personal/private information before they allow you to use their services.
Because if only you care to research further, you may find lots of others providing the same services without such KYC/AML (merely an excuse) requirement.

[Dorky]

When pre-sale investors (bought at $0.25~$1.5) withdraw and sell, maybe huge dump!

Interesting info. That works out to $0.94 average price. Without the first 2 tiers, the average price would be $2.66, still way below current price at EtherDelta.

Edit:
And in case you guys refer to the market depth of SALT to justify not selling, be informed that those who are sincerely out to sell will not quote anything in the order book, thus giving the false impression selling orders are thin.

[niklasmato]

When pre-sale investors (bought at $0.25~$1.5) withdraw and sell, maybe huge dump!

Interesting info. That works out to $0.94 average price. Without the first 2 tiers, the average price would be $2.66, still way below current price at EtherDelta.

Edit:
And in case you guys refer to the market depth of SALT to justify not selling, be informed that those who are sincerely out to sell will not quote anything in the order book, thus giving the false impression selling orders are thin.

Wow if I had known this I would have never applied after the ICO. The price I payed Is just huge compared to the pre-icos.
This explains why the current price is just dumping compared to my tier. I hope this wille eventually rise, although with that number of coins I seriously doubt it.
Must have been one of my worst investments so far. I hope the price on the exchanges will eventually rise to the 25$ the token is now selling at salt lending.

[jeremy grol]

Salt price on exchange will soon be at 25 usd like salt dashboard.

[anahata]

Salt price on exchange will soon be at 25 usd like salt dashboard.

It's highly unlikely given 91.44% were sold at or below 1.50$.

[Pythagorass]

It's nice to see the FUD is already getting out of hand...Read the wp.

[niklasmato]

It's nice to see the FUD is already getting out of hand...Read the wp.

Could you please elaborate on the FUD you are mentioning? I've read the Whitepaper and now I see the actual value the tokens are being sold, they are substantially lower then the ice price I payed and the token price that is now on the salt lending website.

[vortexz]

Salt website still manage to sell for $25, where its available for $5-7 price in exchanges

[udppro]

SALT is the best project of year ... soon 30-40$ (mid november)

[coolkudos]

This is with out a doubt a security. If they didnt register it, then its an illegal security.

[Dorky]

SALT website is just another seller, selling its token for $25.

It is wrong to think that if SALT website sells for $25, then everyone will sell for the same.
Besides, since the 0.25 and 0.75 price tiers were sold to insiders without any public knowledge, I doubt the insiders even paid for the token, i.e. they may have got it for free.
No doubt after a selloff the price may go back up, but I suspect it will go back down.

[Rumhurius]

saltmining should give us some salty motherfuckers in the end.
Looks pyramid-ish to me atleast.

[jacafbiz]

A well conceive idea but the team really get thing messed up with the pricing, I would I be paying $10 for something someone bought at $0.25. It does not make sense at all and the main issue now is that who are those that bought the $0.25 maybe the team members themselves.

[hogie2010]

How is the pricing for SALT and different then every other ICO?

 

[TheMuppet]

Why is everyone so "SALTY" about the $0.25 tokens?

This happens to virtually every ICO.

Founders and early investors get tremendous deals.

Nothing new.  It will continue to happen.

A word of investment advice:  stop looking at the rear view mirror and LOOK AHEAD.

[5thangel]

Any news about staking SALT?I am Really looking forward to it.

[coingrow]

DId someone look at the 1st tier at which Salt was sold at? Its was 25 cents, yes correct, you read it right - 25cents. Some people were even kicked out from the official telegram chat to point out that it was cheaper to buy salt from etherdelta exchange than the official website!

[anahata]

DId someone look at the 1st tier at which Salt was sold at? Its was 25 cents, yes correct, you read it right - 25cents. Some people were even kicked out from the official telegram chat to point out that it was cheaper to buy salt from etherdelta exchange than the official website!

Once they have your money, you don't deserve their respect. Then the investors become expendable for them. I have myself witnessed several newbies joining their telegram, who were unaware of the rules, were kicked out as soon as they ask anything about the price or trading on exchanges.

It's better to find similar projects, where your opinions and questions are valued. Look at Elix, had a 300% rise since last week. No ICO BS, it was airdropped.

[Brighty]

This is a long term investment.They didnt even start the project and ppl are negative about it. Ofc they will kick ppl if they constantly talk about prices read the whitepaper first if u invest in something.

[doopie]

This is a long term investment.They didnt even start the project and ppl are negative about it. Ofc they will kick ppl if they constantly talk about prices read the whitepaper first if u invest in something.

Well if you bought them for $25 it will be a very long term investment...if not a long term loss.
This was a totally bullshit ICO . First 0.25 , end price $25. Prices are way off. Gladly i didn't invest in this whales ICO.
I'm not yelling scam, but do the math. It's obvious.....