Buy SALT
What is SALT?
SALT is a cryptocurrency associated with the SALT lending platform. It is used to facilitate services that allow users to secure cash loans by collateralising their blockchain assets. The SALT token is an ERC-20 token on the Ethereum network.
How does SALT work?
SALT operates as a blockchain-based lending platform, permitting users to use their cryptocurrency as collateral to obtain loans in fiat currency or stablecoins. The platform employs Ethereum's Proof of Work for consensus and integrates an oracle smart contract to manage real-time collateral valuations. The SALT oracle smart contract is fundamental to this system, ensuring collateral value is maintained and managing automatic collateral adjustments securely.
What are the potential use cases for SALT?
SALT can be used for various purposes, including accessing cash loans by collateralising blockchain assets, leveraging such assets without liquidating them, and offering financial flexibility for significant purchases or investments. It is applicable in sectors like cryptocurrency lending, blockchain-based finance, and digital asset management. SALT also partners with accredited lending institutions to offer fiat loans.
What is the history of SALT?
SALT was founded in 2016 by Bitcoin enthusiasts with the aim of enabling users to maintain lifestyle choices while investing in cryptocurrency. The platform was launched in October 2017 and raised $47 million through an ICO. It has settled charges with the SEC and filed regular financial updates. SALT has expanded its offerings to include institutional-grade crypto custody and monitoring services, alongside crypto-backed lending. Notable advisors include Erik Voorhees of Shapeshift.
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Frequently Asked Questions (FAQs)
What is the current price of SALT (SALT)?
The SALT price is $0.01079105 AUD, representing a +1.66% from the day prior.
Where is the best place to buy SALT (SALT) in Australia?
The best place to buy SALT (SALT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell SALT (SALT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of SALT (SALT)?
The trading volume of SALT (SALT) is $4.0K AUD in the last 24hrs, representing a +1.66% from the day prior.
How can I buy SALT (SALT)?
SALT (SALT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of SALT (SALT)?
The current market cap of SALT (SALT) is $887.1K AUD.
Can I convert SALT (SALT) to cash?
Yes - With Coinstash you can convert your SALT (SALT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many SALT (SALT) are there?
The current circulating supply of SALT (SALT) is 87.5M.
Is Coinstash a safe place to buy SALT (SALT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling SALT (SALT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.