Since Binance and Bittrex delisted SALT in February and May respectively, we’ve been searching for a valid third-party pricing source by which to value SALT. We define valid exchange pricing as the trading price on an unmanipulated market where the trading volume is high enough that a sufficient number of buyers and sellers can establish a price at which to transact. We determined that Binance and Bittrex were the only two exchanges to offer a sufficient market for SALT to provide validity in the previous year. To mitigate this change in pricing validity, we have taken the 60-day moving average from Coinmarketcap.com, using the 60 days prior to the delisting announcement by Bittrex. Using this pricing mechanism, we are recognizing a price of $0.15 per SALT on our platform. If, in the future, SALT is listed on an exchange with adequate trading volume, accessibility, and market depth to provide us with price validity, we will immediately recognize such third-party pricing.
Articles in this section
- What types of loan collateral are approved?
- Why is SALT being delisted from exchanges?
- Why does it cost 26 XRP to create a Ripple wallet on the SALT platform?
- How is the price of the SALT Membership Unit determined on the platform?
- Can I buy SALT memberships on an exchange and deposit it to the Platform?
- How to set up your Jaxx wallet to receive SALT Membership Units?
- Where is my asset held for the duration of the loan?
- What is a SALT Membership Unit?
- Where is my withdrawal?
- What are hardware wallets for?