Salt Crypto: A Worthy Investment?

SALT Lending is an Ethereum token that allows users to obtain US Dollar cash loans in return for blockchain-based assets such as Bitcoin and Ethereum. The token is led by Erik Voorhees, the man behind Shapeshift and Exodus wallet. SALT Lending has a working demo product and the official launch of the lending platform was planned for the end of 2017. Users need to obtain SALT tokens to participate on the platform and obtain loans. The more tokens spent, the larger the amount of borrowings they can obtain. SALT Lending is an innovative concept, but it is important to carefully consider the risks involved before investing in any cryptocurrency or token.

SALT's ICO structure

SALT is a blockchain-based lending platform that offers users cryptocurrency-backed loans. The SALT ICO structure has been criticised for leaving many investors in an unfavourable position. The average token price is calculated to be $0.94, with 82% of pre-sale tokens bought by early investors. This large token concentration attributed to pre-sale investors will create resistance levels between $2.00-$3.00.

The SALT ICO began on 15 August 2017, with 2 million SALT tokens sold at $3, 1.5 million at $5, and 1 million at $7.50. The hard cap was $48.5 million, with a soft cap of $35 million. The conversion rate was set at a retail price of $10 per SALT token, with a maximum market cap of $108 million.

SALT Lending has a native token, SALT, that can be spent to reduce the interest rate on a loan and can be used as a secondary form of loan collateral. The token is redeemable at a $7.50 value for interest reductions on loans, though this policy is subject to change. SALT has a fixed supply of 120,000,000 tokens, 67% of which were sold during the presale and crowdsale.

CoinLoan vs SALT

SALT and CoinLoan are both crypto-asset lending platforms, but they differ in several key ways.

Firstly, SALT operates a traditional banking system, where there is a division between lenders and borrowers, and lending is restricted to accredited investors with a net worth of over $1 million or an annual salary of over $200,000. This ensures that there will always be large lenders willing to extend sizeable loans, which is important for meeting borrower demand. In contrast, CoinLoan aims to create a P2P lending system, where anyone can be both a lender and a borrower, with a minimum loan amount of $50. This democratic approach is likely to gain mass adoption by individuals with medium to small investments, who make up the majority of crypto investors.

Secondly, SALT employs a membership system with different tiers, where more expensive tiers allow users to access more features. CoinLoan will not employ a membership system, instead opting for a simple fee structure.

Thirdly, SALT plans to allow borrowers to use Bitcoin, Ethereum and Ripple as collateral, supporting three large cryptos. However, there is no official statement on whether other large altcoins will be added. On the other hand, CoinLoan plans to accept cryptocurrencies with stable positions in the top 10 by market cap, including Litecoin, DASH and XEM. This benefits borrowers by providing more options and lenders by increasing the demand for loans.

In terms of fiat currencies, SALT offers loans in USD, EUR, GBP, JPY and RMB, depending on the user's membership package. CoinLoan plans to provide more currencies at launch, including USD, EUR, GBP, CNY, JPY, RUB, CHF, PLN and CZK, with plans to expand as the platform grows.

Another difference lies in the business development levels of the two platforms. SALT has successfully completed key milestones and is much further along in development, having secured a bank partnership, a license to take out loans, and a partnership with the Bank of Mauritius. CoinLoan, being at an earlier stage of development, will be able to release many development announcements in the coming months, which may induce "FOMO" from investors.

When it comes to experience, SALT's team includes Shawn Owen, a serial entrepreneur with experience in management and ownership of enterprise operations, and Phil Cowan, with 17 years of experience in application architecture development and design solutions. CoinLoan's team includes Alex Faliushin, an entrepreneur with 7 years of experience in finances and IT, and Mike Shokin, a financial analyst with exposure to corporate finance and advanced degrees in finance.

In summary, while SALT may be ahead in terms of development and experience, CoinLoan offers a more democratic and competitive lending approach, a simpler fee structure, and a broader range of accepted crypto-assets and fiat currencies.

SALT's team

SALT was founded in 2016 by a group of Bitcoin enthusiasts who wanted to prove that people could pursue a long-term outlook on cryptocurrency without compromising their lifestyle or needs. SALT introduced asset-backed lending to the cryptocurrency marketplace, providing a new level of versatility to digital asset holders. The name SALT is inspired by the unique qualities its namesake shares with blockchain assets like Bitcoin. These qualities, including utility, divisibility, verifiability, and fungibility, made salt a perfect asset to be used as a method of trade and currency across history.

SALT is a global investment platform that connects institutional asset owners with asset managers and technology entrepreneurs. It is a community of the world's foremost investors, creators, and thinkers. Its mission is to drive prosperity and innovation by connecting investment capital with intellectual capital. SALT achieves this by helping institutional investors (such as sovereign wealth funds, government pensions, endowments, foundations, and family offices) connect with asset managers (from hedge funds to venture capital to private equity/credit) and company founders (from fintech to deep tech to climate tech).

SALT hosts flagship annual conferences in North America, Asia, and the Middle East, in partnership with leading regional institutions. These events feature curated connections for institutional asset owners and premier content from high-profile speakers spanning finance, technology, and public policy.

The SALT team takes pride in their work, as they are at the forefront of global finance in the 21st century, with unparalleled technology and a diverse team spanning both cultures and disciplines. The company culture is described as unique, with backgrounds in engineering, design, cryptography, finance, advertising, lending, data science, and security all converging and lending themselves to an array of new interests and novel conversations.

The team at SALT includes professionals with a wide range of expertise, such as Shawn Owen, the CEO, who is a serial entrepreneur with experience in management and ownership of enterprise operations. Phil Cowan, the CTO, has 17 years of experience in application architecture development and design solutions. Ben Yablon, the Chief Strategy Officer, has 15 years of legal expertise in emerging financial technology platforms and regulatory compliance.

SALT's partnerships

SALT is a global investment platform that connects institutional asset owners with asset managers and technology entrepreneurs. It was founded in 2009 by SkyBridge Capital and now operates as a standalone entity. SALT's partnerships include:

• FTX: SALT and FTX entered into a multi-year partnership in 2024, also launching the Crypto Bahamas event.
• Kraken: SALT and Kraken partnered to launch the inaugural Wyoming Blockchain Symposium in 2024. The event was held in partnership with the University of Wyoming Center for Blockchain and Digital Innovation.
• Bank of Mauritius: SALT has secured a key partnership with the Bank of Mauritius.
• Fireblocks: SALT has partnered with Fireblocks, a trusted custody management platform, for the safe and secure transfer of collateral assets.
• Cyber Insurance: SALT maintains Cyber Insurance, which covers the company in the event of cyber-related incidents, including cyber breaches, cyber extortion, technology errors or failures, and theft of crypto assets.

SALT also has partnerships with leading regional institutions for its flagship annual conferences in North America, Asia, and the Middle East. These conferences feature high-profile speakers spanning finance, technology, and public policy.

SALT's token price

SALT is a lending and borrowing network that allows users to leverage blockchain assets to secure currency loans. The SALT token was issued in 2017 and is an ERC-20 digital asset token. The token can be used as a platform currency by members, who can also get discounts on loan products and pay yield on the loan.

The price of SALT has fluctuated since its launch. As of September 2024, the price of SALT is $0.014783 USD, down 29.84% in the last 24 hours. The market cap is $1,773,998 USD, and the 24-hour trading volume is $12.55 USD. The current circulating supply is 119,999,995 SALT coins, with a fixed supply of 120,000,000 tokens.

The highest price ever paid for SALT was $17.74, and it is currently valued at 99.90% below this all-time high. The lowest price ever paid for SALT was recorded in April 2024 at BTC0.061810, and the current price is 32.40% higher.

The average token price has been calculated to be $0.94, with 82% of pre-sale tokens bought by early investors. This large token concentration has created resistance levels between $2.00 and $3.00.

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