1. What is salt?

Introduction to SALTTokens

SALT (Secure Automated Lending Technology) is a type of token designed to provide secure collateralized loan services for crypto assets. Here are the main features of SALTTokens:

1. Collateralized Loan Services: SALT allows users to use crypto assets as collateral to obtain fiat currency loans. This enables users to gain liquidity without having to sell their crypto assets.

2. Security: SALT employs multi-signature technology and cold storage to ensure the safety of user assets.

3. Decentralization: SALT is a decentralized platform based on blockchain technology, aimed at providing transparent and secure loan services.

4. Flexibility: SALT supports various crypto assets as collateral, including Bitcoin (BTC), Ethereum (ETH), and more.

5. Global Availability: SALT services are available to users worldwide, offering cross-border loan services.

The primary goal of SALT is to provide a secure and convenient liquidity solution for crypto asset holders, helping them obtain fiat currency without selling their crypto assets.

2. Who founded salt?

SALT (Secured Automated Lending Technology) was founded by Shawn Owen and Erik Voorhees in 2016 in Denver, Colorado.

3. Which venture capitalists invested in salt?

According to the provided information, the investor details regarding the SALT token lending platform are not explicitly listed in the given search results. However, according to the 4th search result, it mentions that SALT completed $64.4 million in Series A funding, but does not specifically mention which venture capital firms participated in this round.

If specific investor information about SALT is needed, further searches or reviews of related news reports or company announcements may be required.

4. How does salt work?

Operation Principle of Tokens

Tokens are a digital payment system that does not rely on banks to verify transactions but instead records and verifies all transactions through a distributed public ledger (blockchain). Here are the basic operational principles of Tokens:

1. Blockchain Technology: Tokens use blockchain technology to record all transactions. The blockchain is a distributed public ledger made up of a series of blocks, each containing multiple transaction records.

2. Transaction Verification: When a user conducts a transaction, the transaction information is broadcasted across the network. Miners (special nodes in the network) collect this transaction information and combine it into a block. Then, miners verify these transactions and update the blockchain by solving complex mathematical problems (proof of work).

3. Miner Rewards: Miners validate transactions and update the blockchain by solving mathematical problems, and in return, they receive a certain amount of tokens (e.g., Bitcoin) and transaction fees.

4. Creation of Tokens: The unit of tokens is created through a mining process. The mining process involves using computer power to solve complex mathematical problems that produce coins.

5. Storage of Tokens: Tokens are stored in digital wallets. Users can use these wallets to send and receive tokens.

6. Security: Tokens employ cryptographic techniques to protect transactions and wallets. Blockchain technology also provides advanced security, as it is distributed and hard to tamper with.

In summary, Tokens operate through blockchain technology, transaction verification, miner rewards, creation and storage of tokens, and security measures.