What Is SaluS Coin?
Salus is said to be a completely non-profit organization that is oriented for business purposes. They are currently trying to improve their NAV score or net asset value. The NAV is basically the sum total of all the assets that have been valued at fair prices minus all the liabilities and enterprise.
Throughout the course of the process, SaluS has accumulated a massive pool of token reserves apparently. Each of which is said to have various fees associated with it. One of the reserves is the Foundation TX Fee that is said to cost 0.0001 tokens for each transaction made.
They also claim there is an advantage for traders as well. With the top ten addresses being able to access special features for transaction purposes and cryptocurrency trading. The fees are also applied to all merchants who use the system.
How Does SaluS Coin Work?
You can stake the coins and receive massive rewards by showing support for the network. This can be accomplished by running node data communication. Another way that staking SaluS coins works is by holding the SLSC. Token holders much hold coins for a minimum of eight hours before they can move them or trade them.
There is no maximum to how long you can hold one of the tokens. And the coins can be stored on a wallet that is compatible for Windows, Raspi, or Mac. They also have a cloud staking service that users can take advantage of as well. It can be used through other platforms like Noble, RateCoin, Ruby HyperStake and Viral. Most of them require a 5% service fee to stake the coins on the platforms.
Holding is another way to profit from the coins. When you hold on to the tokens you’ll get an annual interest rate of one percent. The platform will also hold a reserve for the purpose of helping increase the value of the tokens going into the future.
Lastly, there is an affiliate system that can be used for others to make commissions for referring people to the platform. The program also correlates with the platform’s reserves being held. The value to the user is said to be outweighed by the value offered through individual wallets. The block size has also been optimized for the platform and there is twenty four hour support seven days a week.
Apparently, the main reason that SaluS Token allows the fees to go into the reserve pool is because the growth oriented structure of the company and to guarantee users there will be a minimal inflation rate, of which is at 1% a year right now.
Salus Coin SLS ICO Details
It was launched back in January of 2016 with an initial coin offering of coming around in June of the same year. There hasn’t been much progress since then presented to investors. The webpage isn’t even operable in any way, all it says is Salus – and that is a bad sign for anyone who invested into the token.
There is a total of one million SaluS tokens circulating around the globe. If you want to trade the coins on the platform, you have to be the owner of at least fifty of them. Miners can mine for the cryptocurrency through MinerGate CoinKing and LTCCrabbit.io. SaluS guarantees that a CPU will have a hashrate of 1,000 H/s.
The average bloc time is roughly three minutes. And the currency is also provided for use in the gaming area. Not only that, but it’s also available for use on the platforms Directbet.eu, BC Casino, Bitcasino.io and Digibyte. Each of these platforms are already using the tokens. But other than that, there isn’t any real value to the platform or the tokens.
Who Is Behind SaluS Coin?
At the head of the project is Salus. He is the sole developer for the platform. SLS is the token used and is considered an experimental cryptocurrency. It’s an open sourced, decentralized currency built on the famous blockchain technology. And basically, it boils down to the token being created in demand of using its own unique build and specialized features as well as the features found in other crypto coins and the virtual currencies themselves.
SaluS Coin Conclusion
The company who is operating the platform wants to push for a profit-oriented platform, and at the same time it also has the goal of giving users and value of digital currency that is profitable to work with and stable.