Information on Presale for new coin : SALT

There isn't too much information out on this new coin, but there is a lot of hype due to their great idea ( SALT lets you leverage your blockchain assets to secure cash loans) and this sector has a MASSIVE market cap of 1000+ Trillion.

I do not totally understand how this token will arrive to a 1.2 billion market cap, but that is what they are saying.

The presale price you get will range in different tiers (currently 1.5 dollars a coin, next tier at 3 dollars) and they are saying the SALT team will sell at a minimum of 10 dollars when it goes live...

This means massive returns from presale prices(3xx-6xx%). There is more to it and I can not imagine that the market will actually reach parity with what they are selling (10 bucks min). But do your own research and take a look at it!!

This is copy and pasted from the slack with my referral link

Caleb Slade 4:19 PM, July 5th
The SALT Membership Sale:

There have been quite a few questions regarding our sale. Please understand that we have chosen to not release every piece of information regarding some aspects of the sale. We will be releasing all of the pertinent information, but we completely understand if you’d prefer to wait for that information before participating.

Here’s some information that we are able to release at the moment:

How do I join?
You can sign up to participate at https://membership.saltlending.com/?r=K0Z1x
Once you’ve created your profile, you still must be approved to participate in the sale. You will receive an email confirmation once you have been approved, and we will be approving participants in the order that they signed up.
What is the total supply of SALT Memberships?
There is a fixed supply of 120m units
What is the normal (retail) price of a membership?
At the end of the presale + public sale SALT will be selling memberships for no less than $10. By “no less” we mean that if the market price for one membership reaches $10, we will be increasing the retail price for memberships purchased from SALT. We will be keeping the retail price for memberships slightly above the market price.
Is there a hard cap on the price of memberships?
No, above $10 the market will determine the value of access to SALT’s Blockchain-Backed Loans™.
Will there be a hard cap on sale’s raise?
Yes, and that information will be released with the white paper and other details
Do I need to verify my ID before I purchase SALT Memberships?
No, the ID verification process (required for purchases over $2k) only needs to be completed before we distribute the SALT Memberships.
When will I receive the SALT Memberships I purchased?
Memberships will be distributed 15 days after the sale and audit is completed.
What is the pricing structure of the sale?
When you create your profile, you will be able to see the current price and the amount of memberships remaining at that price. Once that allocation is purchased, the next allocation will be available at a higher price (also listed in the dashboard).
What is a SALT Membership, and what is it used for?
SALT Memberships are built on an ERC-20 smart contract and are required for purchasing access to the blockchain-backed lending platform. They can also be used for lowering interest rates on active loans and purchasing any product or service provided by SALT.
Why do I have to wait to be approved?
We want every participant to have a positive experience purchasing memberships, this requires that we limit the volume to a level that we can manage and maintain good service.

Thank you for your support and patience, we are working hard to make sure our sale runs as smoothly as possible.

-SALT team

Please share your thoughts about this ico. Please Upvote, Resteem and Follow me @ichoponions for more crypto news/trades.