SALT CEO Bill Sinclair responds to Binance delisting
Binance announced yesterday that it delisted SALT Memberships from its asset exchange. Binance’s announcement and action came as a surprise to SALT as we did not receive any information requests or opportunity to refute the inferences in Binance’s announcement. SALT adamantly objects to Binance’s announcement which provides the basis for which it delists a token but does not make any specific allegation against the list of companies, thus creating false negative implications.
Binance has not requested any information from SALT to enable Binance to make a decision relating to its now publicly listed criteria and acted irresponsibly in insinuating that any of the criteria is true of SALT.
SALT would like to take the opportunity to reaffirm our commitment to you, our products, and the blockchain industry. We sell SALT Membership units and offer refunds when they are purchased directly from us and not removed from our platform. This has been the preferred method of buying our Membership units since inception. A number of exchanges, including Binance, have made hundreds of thousands of dollars in fees by reselling our Membership units. SALT has never profited directly from any third party exchange activities. SALT Membership units have always been the primary vehicle for utility on our platform and we are committed to the expansion of this utility as our business grows. Today there are millions of SALT Membership units held on our platform by thousands of members.
SALT is a team of over 70 passionate, dedicated employees and professionals around the globe. We are proud to have the best customer support team in the business responding to phone, email and social media requests around the clock. Among our many employees is our talented and dedicated team of developers who have committed over 18,277,688 lines of code across dozens of software services in the year 2018 alone.
Additionally, SALT is continually enhancing its communication and today operates through a number of public channels including the following:
SALT has not and does not engage in fraudulent or unethical activity nor have we suggested publicly, without evidence or context, that any other company has done so. Binance never responsibly contacted SALT regarding any due diligence inquiries.
SALT is committed to responsible business practices. We pride ourselves on engaging with our customers, partners, regulators, and the media when it comes to requests for information.
We are dedicated to advancing blockchain technology and to building a healthy and sustainable crypto ecosystem. Two of our co-founders serve as members and advisors to groups that share a similar goal. These include the Organisation for Economic Co-operation and Development (OECD) and the Colorado Council for the Advancement of Blockchain Technology, created by Governor Hickenlooper. Additionally, we are an active member of The Digital Chamber of Commerce and frequently sponsor events that drive awareness and adoption of blockchain technology globally such as the Asia Blockchain Week, North American Bitcoin Conference and ETHDenver.
At SALT, we define success not by the number of exchanges on which we are listed, but by our efforts to help shape this new economy. We remain focused on product development and driving awareness and adoption of blockchain technology. Our goal is to provide our customers with the products and services they need to participate in the blockchain space. One of our core values, integrity, is matched only by another of our core values, grit. We will continue to work tirelessly to deliver outstanding products and services, and will not be moved off that mark by anyone, for any reason.
Thank you for your continued support, as together we remain focused on building a successful software services and lending enterprise.
Interim President & CEO and Chief Technology Officer
Honored, But Not Distracted
As many are aware, I recently took on the position of President and CEO of SALT. And, while you’ll hear more from me in the coming days regarding the exciting developments here at SALT, I felt it was important to take a moment and address some rumors and speculation in the marketplace.
Recently, SALT has received a number of marketing inquiries showing interest in buying our business. While we appreciate our competitors’ interest in our purpose and business model, our company is not for sale, nor are we seeking any M&A (mergers and acquisitions) activities.
There are strong opportunities squarely in our sights, and all of us at SALT are excited to continue and execute our business plan. We are fully focused on enhancing our products for stakeholders, including investors and borrowers, and building a strong employee base to ensure we continue bridging the gap between crypto holders and conventional financial systems.
With over $50 million in loans serviced to date, a user base of over 70,000, and active loans in 3 countries, the community should rest assured that SALT remains strong and is dedicated to improving its products, services, and availability.
Until next time,
Interim President & CEO
Chief Technology Officer
Getting to Know SALT’s Interim President and CEO Bill Sinclair
As SALT approaches its upcoming announcement, this is a great time to get to know interim President and CEO Bill Sinclair. Bill brings more than 20 years of experience in software and technology development, and will apply that know how to SALT’s future as a visionary fintech company with a strong focus on security and scalability.
Bill led technology strategies at fast-growing companies in the financial services, energy and Internet of things (IoT) industries. As CTO of Cartasite, an industrial IoT company, he enhanced and expanded the company’s product development team. Prior, Bill led the growth and acquisition of MineralFile.
“I’m looking forward to building a bridge of continued innovation between traditional financial services and blockchain,” Bill shared. “It’s been a pleasure to work with such smart and dedicated people, and we’re just getting started.”
Bill has been a believer in the potential of blockchain technology for some time, and became very engaged with bitcoin in 2014. He first got into mining using an ASIC Miner he purchased on eBay. “I could only run it at night,” Bill laughed. “It made a ton of noise. You couldn’t even have a conversation in the same room with it.”
His interests have not been exclusively focused on blockchain. Bill has a strong philanthropic core, having served as a board member of We Don’t Waste, a food waste related charity organization founded in 2009. “I feel like the underbanked and food insecure have a lot in common, with both suffering from a lack of access to resources,” said Sinclair. He also helped found the BroncosBus, a philanthropic endeavor which helped raise money for a number of local and national charities.
Bill is a native of Colorado and lives in the Denver area with his family and their three-legged St. Bernard, Molly (who lost one of her legs to a rare cancer). “I inherited her through marriage and was allergic to big hairy dogs, but she was determined to rid me of my allergy by sleeping on my head nightly. Turns out I’m not allergic to her anymore!”
SALT is proud to have Bill serving as Interim President and CEO, and looks forward to sharing more insights about those leading the charge of disruption.
SALT Announces Bill Sinclair, CTO as Interim President and CEO
At SALT Lending Holdings, Inc., our mission is to help holders of blockchain assets leverage them as collateral for cash loans. As part of that commitment, we continually evaluate the pairing of our leadership capabilities to the growth of our company to ensure that we have the right resources in place to serve our clients and community both now and in the future.
Today SALT appointed Bill Sinclair, Chief Technology Officer as interim President and CEO. Previously Sinclair led technology operations for several companies in various industries including IoT and financial services. Given SALT’s growth plans and market opportunity, Sinclair’s background will be a critical asset for future success. Assuming responsibilities from former CEO, Shawn Owen, Sinclair will run the day to day business operations of SALT. Owen leaves the company after serving as one of SALT’s Cofounders and CEO since the company formation in 2016.
Sinclair was an early adopter of blockchain technology and crypto currency. He has significant experience mining, programming, and developing technology solutions in the space.