What was your motivation for creating such a unique coin?
The concept behind Salus had is something I had been thinking about for well over a year. Poking holes at it, brainstorming with others and at the end of the day, the concept worked in my head, I just had to put it in practice. Other coins/tokens were starting to pop up and what they offered as a whole package was similar to some of the bits and pieces of what SaluS includes in its system. SaluS also offers many ways for investors to utilize services they already use on daily bases and help their investment grow at the same time.
“Help Yourself” is term I like to use in my update posts.
After some research, I found that Salus coin made revenue from multiple areas. Could you go into some detail on what they are and how they gain revenue?
In order for SaluS engine to work, there has to be constant stream of revenue, no matter how big or small it is and fortunately there are many ways to achieve this utilizing by altcoins and crypto services. Profits from these services are used to increase SaluS BTC reserve, which gets used for mainly buying back SLS from the market, investing in other altcoins or crypto services. Main goal is to have enough BTC in the reserve, at any given time, to buy back every single SLS in circulation by placing a buy back wall, above ICO price. However, as reserve grows so will the buy back wall. End goal is to Increase Net Asset Value (NAV) by various means.
1) Proof of Stake (PoS) coins: SaluS portfolio includes handpicked PoS coins for long term staking and each one generates certain amount of interest. Stakes are sold on regular bases to increase the reserve.
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