Quote from: niklasmato on October 20, 2017, 08:10:35 PM

Quote from: a.north on October 20, 2017, 05:48:18 AM

Quote from: AltcoinScamfinder on October 19, 2017, 06:05:16 PM

Quote from: LILbitcoiner on October 19, 2017, 08:32:52 AM

Now after considering that:

* my target is to buy SALT token and trade it once the price pumps, and not to get involved in loans.
* and also that the current price of one SALT token at the official website is 25 $ (and I have to purchase min of 2000 $ equivalent SALT's).
* SALT price on Bittrex is around 3 $.

What would be the benefit of buying SALT at 25 $ while I can have it at 3 $ on Bittrex.

Can somebody explain here and advise plz

thanx

The simple reason is that there are HUGE amounts of people that will buy 1-20 SALT tokens that simply don't care to get an exchange account, go through KYL, etc. to spend $25-$500. Simpler to buy through the SALT website. It also doesn't matter since SALT has enough capital to run virtually forever without realizing the added value of the for sale tokens, so 'market price' is likely to trend towards the $25 price or past once the customer base gets large enough to overtake the speculators that are willing to sell at a discount through exchanges.

So how is the price of $25 for SALT on the website determined? Is it a fixed price?

Also, how, and if so, is the SALT token used in the lending platform? Is it actually built into the use of the lending functions?

Well that's the price on which the last tokens got sold (I think)
But as there are a lot of tokens that where sold at 0.x$, everyone thinks the price will never go that high ..

If you want to lend a certain amount you need to have an active SALT membership, according to the $$ you want to lend, you need to take a salt membership which ranges from 1 SALT to .....

The only thing I need to research is how exactly would a borrower repay the loan if their collateral is in digital currency. I understand if you default your collateral is used to cover the loan. In what manner is it repaid? PayPal? Bank wire?