I have a hate, love relationship with Salt Token. I purchase Salt Token last year after Salt closed their ICO and launched as a platform. Tokens were sold on their website for $27.50 USD each. In 1 years time I’ve watched their company’s face post litte improvements, TONS of traveling and unverifable improvements.
Bill Sinclair recently reacted to Salt Tokens delisting by Binance:
“SALT would like to take the opportunity to reaffirm our commitment to you, our products, and the blockchain industry. We sell SALT Membership units and offer refunds when they are purchased directly from us and not removed from our platform. This has been the preferred method of buying our Membership units since inception. A number of exchanges, including Binance, have made hundreds of thousands of dollars in fees by reselling our Membership units. SALT has never profited directly from any third party exchange activities. SALT Membership units have always been the primary vehicle for utility on our platform and we are committed to the expansion of this utility as our business grows. Today there are millions of SALT Membership units held on our platform by thousands of members.” - Source (https://blog.saltlending.com/salt-ceo-bill-sinclair-responds-to-binance-delisting-4e533db52790)
My reaction to Bill’s statement. 👎🤬.
‘Your consumers and investors are not profiting from your platform’ if Salt Token backed loans were successful Tokens value, theoretically, would rise in value.
$27.50 USD to $0.12 USD.
Just to give you an idea 💡 I bought $5,000 (188 tokens) which is now valued at $21.39
My advice, DO NOT BOTHER with Salt Token
I want a refund!!
