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Last private discounted phase of the SALT Community Membership Sale will begin on Tuesday, August 15th at 8:00 AM MST (2:00 PM GMT)!

Membership Dashboard

Some important notes:

Your place in line to become a member is displayed in your Dashboard.

SALT will be approving new participants to purchase memberships in the order they signed up and at a pace that can be handled by our system, as well as the Bitcoin and Ethereum blockchains.

SALT Membership may be purchased with Bitcoin, Ethereum, or any cryptocurrency supported by ShapeShift.

The Membership discount will run until 10:00 AM MST Tuesday, August 22nd or until the following are sold out:

2.0 million SALT @ $3
1.5 million SALT @ $5
1.0 million SALT @ $7.50

In the event that purchases exceed the available inventory of discounted Membership, an additional 25,000 SALT Memberships will be available at the full retail price of $10.

Holding a place in line does not guarantee that a discount will be available when you are approved. Unfortunately, if the Memberships are sold out before you are approved you will have to wait until we start selling at the full retail price. Retail sales will begin after the audit and distribution of the discounted Memberships.

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The SALT platform is meant to facilitate getting a loan, where the company holds your cryptocoins as collateral while you don't pay back the loan.

Hard Cap: The proceeds from SALT's Discounted Membership Sale (presale + public) will be soft capped at $35m and hard capped at $48.5m.

The plaform uses the SALT token as payment for membership, currently the token has not been yet release.

Pricing Structure: After the current tier of $1.50 (85% discount) - SOLD OUT - SALT Membership presale is now closed.

SALT will move to the following price discounts:

2m units sold at $3.00 (70% discount) 1.5m units sold at $5.00 (50% discount) 1m units sold at $7.50 (25% discount)

After which the discount will end and SALT will begin selling Memberships for no less than $10. Approximately 38% of the Memberships have been set aside for later sale.

Supply: A total fixed supply of 120m SALT will exist, with a fractional supply in circulation representing only those SALT which are not actively held as loan collateral or redeemed and now held for sale on the platform.

I recommend you check out the terms.

PS: Let's wait for the white paper in order to understand how SALT really will work.

SALT Abstract On August 9th we will also be releasing the much anticipated SALT Abstract which contains: an in-depth explanation of SALT's platform including its architecture, technology, and use cases; how Blockchain-Backed Loans work; and details on the mechanics of SALT's Community Membership Sale. We recommend that you thoroughly read this document, which will be made available in the Membership Dashboard, before participating in the Community Membership Sale.

SALT Lending Platform: Borrower View While they are likely to evolve and change somewhat between now and the launch of our platform, we'd like to share the first view of our borrower dashboard!
SALT Platform
More details soon, so stay tuned for updates!

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Comments (0) 10.08.2017. 13:44