What is SaluS Coin (SLS) – Beginner-Friendly Guide

Introduction

As the lead and sole developer of Salus said himself, SLS is experimental cryptocurrency based on open source, decentralized blockchain. In a nutshell, it creates demand by utilizing its own built in features and other cryptocurrencies and their features.

Considering it was launched in January of 2016, with an ICO around June 2016, not much progress has been presented.

SaluS Coin

 

SaluS Coin – The Cryptocurrency

A total of 1,000,000 SaluS coins are in circulation. If you want to trade with the coins, you must own at least 50 coins.

 

Miners can mine the currency via MinerGate, LTCrabbit and CoinKing. io. SaluS guarantees a CPU hashrate of 1000 H/s.

The block time is 3 minutes. The currency can also be used in the gaming area, on the platforms BC Casino, Directbet. eu, Bitcasino. io and Digibyte it is already used.

SaluS Coin – The Company

SaluS has a purely profit-oriented corporate objective. It wants to increase its NAV, net asset value.

This is the net asset value, which is the sum of all assets valued at fair value less all liabilities of the enterprise.

In the course of this process, SaluS has a large pool of reserves, which includes various fees. One is the Foundation TX fee, which is 0.0001 coins per transaction.

There is also the traders advantage. The top 10 addresses have exclusive access to transactions and currency trading. Transaction fees apply to all other merchants.

Staking

Refers to the rewards you receive by supporting the network. It could be done by running a node (data communication) or by holding SLSC. The minimum time for owning coins is 8 hours. The maximum time is unlimited. The coins can be stored in wallets compatible with Windows 32,64, Raspi and Mac.

SaluS offers a cloud staking service for its users.

This can be used via HyperStake, Noble, RateCoin, AudioCoin, RUBY and Viral. Also here can fall 5% fees.

Holding

When you hold SaluSCoins, you will be able to get an annual interest of 1%. The company keeps a SaluS reserve to increase the net asset value of the coins in the future.

All profits of the affiliate program also flow into the company’s reserves.

However, the added value for the user is to outweigh the added value by offering individual wallets, an optimized block size and 24/7 website access.

The reason why SaluS Coin allows all fees to flow into a reserve pool is not only growth-oriented in nature, but should also guarantee the user a low inflation rate. The current annual inflation rate is 1%.

Conclusion

The company behind SaluS Coin pursues a profit-oriented concept, but at the same time wants to offer its users the added value of a stable and profitable currency.

The SaluS platform is intended to help the user to conduct business safely and profitably.

You can’t buy it directly for fiat on any exchange. You can choose the best coin exchange for your region and buy BTC there, then trade it for SLS on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.

Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is trustworthy and has acceptable fees and it is a leading platform for buying BTC.

If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is a good Coinbase alternative. Coinmama is also safe exchange for buying cryptocurrenciesclick here to visit Coinmama.

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If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit place to trade crypto), instantly and directly to bitcoin.

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options. You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets. We have also compared top 3 hardware wallets: Ledger vs Trezor vs KeepKey.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

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