Community post

SALT

It looks to me that SALT is basically tethered to $10. Since the only use for SALT is to pay the service fee of the SALT platform and no dividend is payed to those holding SALT as the company makes money, then this coin should never go above$ 10. Even worse is that, as competition increases in the crypto-lending sector, this will cause deflation in the membership fees and thereby a deflation in the value of the coin. Simply put, as the coin price goes up, the SALT platform will lower the cost of their service relative to the SALT price to prevent there service from being too expensive, i.e. tether. Eventually, competition will drive the membership fee closer to zero and eventually will be zero to stay competitive and make profits off of the interest rates they earn. So if the only thing that the coin can buy becomes free, what possible value will the coin have?

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Greetings my friend!

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