SaluS is an experimental cryptocurrency based on an open source, decentralized blockchain. According to the developer, the digital currency is designe
SaluS is an experimental cryptocurrency based on an open source, decentralized blockchain. According to the developer, the digital currency is designed to increase the net asset value (NAV) by a number of ways, including by trade, buy back and investing in other coins. It works by utilizing its own built-in features and also features of other cryptocurrencies.
In the exchange markets, the digital coin is indicated as SLS or SLSC (SaluSCoin). So far, the developer has supplied around one million SLS to cryptocurrency enthusiast who wish to trade the digital currency with other assets. The SaluS’s minimum stake age is eight hours, and the best thing when it comes to staking this coin is that there is no maximum stake age. The minimum stake is 50, which means that users need to have at least this amount in their accounts in order to participate in buying and selling of the digital asset. The SaluS fund transaction fee is 0.0001 and the block time and block maturity are 3 and 5 minutes respectively. The annual interest is currently at 1 percent.
The company has been raising revenue through a number of ways, including issuing ICO and selling stakes. When staking, the user can utilize a special cloud staking service which charges a 5% fee on the stakes. Some cloud staking platforms include: HyperStake, Noble, RateCoin, AudioCoin, RUBY, Viral and Redd. The revenue is used to improve the platform’s experience, customize wallets, optimize block size & staking and provide 24/7 website uptime.
The company also keeps a SaluS reserve which is used to increase the net asset value. The reserve is created from the profit generated from affiliate programs. It also gets some funds made from transactions, but the main use of the transaction fee is to control inflation. According to the company, SaluS is expected to increase by 1% annually.
When it comes to ICO, the company has used crowdfunding and price discovery mechanisms to raise funds. It has raised at least one million SLS and BTC which it has distributed among the users based on the percentage invested. The share of SLS for an investor is based on the total value of coins after the ICO is over.
As for the mining, the company guarantees a minimum hash rate of 1000H/s when gathering SLS. Some recommended platforms for mining SLS are MinerGate, LTCrabbit and CoinKing.io. On the side of markets, the digital currency can be exchanged with Bitcoin, Burst, BitShare, SiaCoin, Dashcoin, NXT, Horizon, Quatloo, Florin XEM and Monero. It can be traded on a number of cryptocurrency platforms including Bittrex, YoBit, C-Cex, Coinbase, Bleutrade, Localbitcoins and 1Broker.