Honored, But Not Distracted

A Message From SALT

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,

Bill Sinclair
Interim President & CEO
Chief Technology Officer

To the SALT Community

A Message From SALT

When we first announced SALT and what we were building, it was a new idea. The concept is as simple now as when we began: leveraging blockchain assets as collateral for loans.

We knew from the beginning there would be challenges and obstacles in the path to executing this model. We knew that we would have to build the bridges required to connect this new asset class to the traditional institutions and systems that have been historically resistant to change. This is always the case when you are disrupting the status quo. We knew other companies would follow our business model, walking down the same paths we cleared and over the same bridges we built.

Today, only a year after our official launch, our expectations have become a reality. The trail is blazed, there is loan demand, there is competition and new ways of doing business with traditional markets is unfolding. At SALT we welcome this evolution and recognize the value it brings to our collective vision. What was once a big dream is now a thriving competitive landscape.

For this I am grateful.

I am grateful for our community, because SALT would not exist without you. I am grateful for our critics, because they help us identify opportunities for improvement. I am grateful for competition, because it validates our industry and drives maturity. We have created a market that is revolutionizing the world — a call to arms that is getting louder every day.

When we started SALT, we were motivated by a deeply held belief that blockchain technology was going to bring about a world with more liberty, fairness, and prosperity. The total market cap of all cryptocurrencies was less than $6bn. Most of the world was unaware of what Bitcoin was, let alone its potential. Since those early days, I’ve watched the impact of both crypto and SALT grow tremendously. What was once a single beacon of light in a dark, centralized world of money is now a robust and evolving ecosystem full of incredible innovation. As for SALT, what was once a couple of people brainstorming in a coffee shop has become a growing company with of talented team, over $50MM in loans issued, expanding jurisdictions, evolving products and services and a community of members 70,000+ strong. We have been hard at work collaborating, building, testing and compiling a team all for the purpose of serving our global market.

Like Bitcoin, SALT has had some missteps along the way. But also like Bitcoin, SALT has become more dedicated through every experience, more antifragile through every challenge, and stronger through every success. I’ll be the first to admit that we could have been more communicative with our community. We’ve been building a solid team focused on addressing this pain point and I am confident that you will be hearing from SALT more regularly going forward.

As the 1st mover in this industry, SALT has the responsibility and privilege to lead without a map. It is a responsibility we do not take lightly and we will continue to work hard to build and operate our business with integrity and dedication. I applaud the tenacity and entrepreneurial spirit of every company that sees the same vision and potential that has motivated SALT since its genesis and has joined us in transforming this space.

SALT remains strong, dedicated to our community, and confident in the future.

All the best,

Caleb Slade

Co-founder and Chief Knowledge Officer

SALT Announces Bill Sinclair, CTO as Interim President and CEO

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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.

Recap: Australian Leadership Retreat 2018

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SALT Lending attended the 2018 Australian Leadership Retreat, organized by the ADC Forum, in the Gold Coast of Australia. The four-day event hosted leaders from various fields including politics, academia, and financial services to discuss the current challenges facing the country. An ongoing shift in world
politics, along with advancements in technology, requires Australia to prepare for a new and uncertain future. Each session in the conference was followed by lengthy dialogue and welcomed thought-provoking questions. This was not a presentation on the solution, but rather an engaging discussion with a common goal in mind.

On the educational front, university leaders shared their thoughts on how best to prepare students for this new wave of technology, including areas such as machine learning, artificial intelligence, and blockchain. From designing new courses to exploring industry partnerships, educational innovation is of
utmost importance. A lack of proper schooling could leave students with misaligned skillsets as they begin their post-university career search. In addition to addressing formal educational programs, the city of Adelaide is planning to host a blockchain conference in early 2019 — one that is expected to be well attended.

The Australian Leadership Retreat 2018 in Gold Coast, Queensland

Despite being a relatively new technology, blockchain was met with receptivity and openness. Several panels were dedicated to blockchain-related topics, which were followed by many discussions filled with intrigue and support. There is a growing community of blockchain companies currently operating in Australia, providing a meaningful opportunity for the country to position itself as a leader in the space.

We at SALT Lending look forward to following the continued progress in Australia and thank the ADC Forum for an incredible event.

Disclaimer: Any opinions, statements, or views expressed in this video belong solely to the participants and do not necessarily reflect the position, policy, or opinion of SALT Lending or any subsidiary entity.

SALT is Now Natively Supported on KeepKey Hardware Wallets

 

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SALT is a big fan of the KeepKey hardware wallet, and when we released our SALT-branded versions a couple of months ago, they sold out in minutes. 

With a recent firmware update and the updated production client available on the Chrome store, KeepKey now natively supports SALT ERC-20 digital assets, which means that it’s now even easier to send SALT onto your account, receive it from your account or exchange up to 30 other tokens or supported cryptocurrencies to purchase memberships with our blockchain-backed loan platform.

This integration should prove to be simpler for users, who may be using digital wallets that are less intuitive, this integration simplifies things for users of one of the world’s leading cryptocurrency hardware wallets.

Ken Hodler, CTO of KeepKey said about this integration — “We couldn’t be more excited about natively supporting thirty ERC-20 digital assets, including SALT, our first-ever white-label partner. Users can securely send and receive SALT Memberships directly on their SALT branded KeepKey. Any user not holding SALT can easily use our ShapeShift integration to convert their current digital assets into SALT. We are elated to have this partnership with SALT, an innovative and industry leading lending company.”

We will be releasing additional information on Medium over the coming weeks, and if you want to stay up to date with all things SALT, our website offers the ability to contact the SALT Team directly for any questions or concerns. Also, you can engage with us via social media by following us on Twitter @SaltLending, visit our SALT Lending Facebook page, or subscribe to our YouTube channel. You can also join our decentralized community partners by participating in SALT’s Telegram and Discord channels, as well as our main subreddit.