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Binance SALT/BTC $5,790,540 48.56%
Huobi SALT/BTC $1,745,470 14.64%
Bittrex SALT/BTC $1,022,990 8.58%
Crypto holders who want to spend their capital and profit from price the appreciation of their holdings after their SALT loan is paid off.
People who do not have access to traditional credit lines.
Investors who previously did not have a way to lend their capital to a larger market.
SALT Lending does not intend to liquidate any cryptocurrency generated from Membership revenue, they align themselves with the “hodl” ethos of the crypto community and will instead borrow against the company’s balance sheet. This is designed to emphasise SALT’s business model.
Q1 = ETH as collateral loans, development platform: API & Developer tools, loan fund launch.
Q2 = Launch credit cards
Q3 = Alt Coin as collateral loans, launch ALT foundation.
INITIAL COIN OFFERING (ICO)
All participants of the SALT ICO had to be registered on the SALT platform and, if they wanted to invest more than 2000 USD, they had to complete automated ID verification. The SALT Team set the soft cap at 35 million USD and the hard cap at 48.5 million USD.
The SALT ICO ended on the same day, August 15th, 2017, with the hard cap goal of 48.5 million USD reached.
Round 2 = 1.5 million SALT @ 5 USD
Round 3 = 1 million SALT @ 7,5 USD
Creators / Founders
Core Development Team
Ben Yablon, Chief Strategy Officer – 15 years of legal expertise centred on emerging financial technology platforms and regulatory compliance as a partner at Atlas Law Group.
Jon Shapiro as the blockchain advisor.
Michael Perklin as the blockchain security advisor.
Josh Datko for security.
Marion Keyes for tax.
Richard Levin as outside counsel.
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Reference & Links