📎General FAQs
Answers to Your Top SALTZ Queries.
Last updated
Answers to Your Top SALTZ Queries.
Last updated
1. What is SALTZ?
SALTZ is the world’s first yield generating deflationary coin, launched with a broader vision to safeguard the interest of investors by assuring a minimum selling price of the token despite market volatility.
2. How can I connect my wallet to Ethereum chain Mainnet and to SALTZ?
We have a detailed guide on connect your wallet to SALTZ covering this in detail.
3. Where can I swap SALTZ?
Users can Buy or Sell SALTZ from the official Saltz Telegram Bot or on saltz.io & Official Uniswap. However we recommend buying from the official bot or website for a hassle free experience and better prices.
4. How to Swap SALTZ?
Users can swap SALTZ with the available ETH of the same value in their wallet. We have a detailed guide How to buy SALTZ covering this.
5. How does SALTZ guarantee a minimum selling price?
SALTZ levies a 10% tax on all transactions from which a portion of the tokens in each transaction is burnt permanently resulting in lower supply of coins and higher prices. Thus, assuring a minimum selling price and safeguarding interest of investors against the uncertain nature of crypto market.
6. How can I Stake SALTZ?
Users can directly stake SALTZ on their SALTZ Bot with just a click. All you need to do is select stake and specify the amount you would like to stake and you are all set. For detailed information, please check How to Stake on SALTZ Bot?
Users can also stake SALTZ on the Official saltz.io website in the Yard section. All you need is to get some SALTZ and stake them in the Yard pool to earn the best yields. For detailed information, please check How to Stake?
7. How can I unstake SALTZ?
You can unstake SALTZ on SALTZ Bot at any given time once staked by simply selecting Unstake and specifying the amount you would like to unstake. For detailed guide, check here Unstake SALTZ on Bot.
You can also unstake SALTZ after you have staked SALTZ in the Yard section as well. However, if you unstake within the minimum lockin period, you will be levied a 1% tax on early unstaking.
8. How can I get a referral link generated?
Users can generate referral link through two ways: Via Bot - A referral link is auto-generated on the very first transaction either buy/sell made on the Official SALTZ Bot. Users can find their referral code by clicking on the Refer & Earn after which they will receive a message with their Referral code. For detailed information, please check Refer & Earn.
Vis website - A referral link is auto-generated on the very first transaction either buy/sell made on the Official saltz.io website. Users can find their referral links in the Yard section on the website and they can share the same link to build their team and get new members added to the SALTZ community. For detailed information, please check How to refer?
9. When can I receive rewards from Sprinkler?
On the very first transaction i.e., buy/sell on the Official SALTZ website or SALTZ Bot a referral code is generated which you can share with your friends and build your network to earn a percentage of their total deposit on each trade they make.
10. Where Can I claim my Sprinkler rewards?
Go to the Official saltz.io website and into Sprinkler Section where you can find an option to redeem rewards earned anytime from your referrals as per your preference. For detailed information, please check How to Withdraw Referral Rewards? guide.
11. What happens if my referrals do not make transaction?
Rewards are earned on successful transactions made by referrals, if your referral has yet not made transactions, you will not receive rewards from them.
12. I have SALTZ in my wallet and yet I do not have a referral link generated. Why?
Referral links are generated only on successful buy or sell transactions so in order to generate a referral link, you must perform at least one transaction on the Official SALTZ Bot or website. For detailed information, please check How to generate referral link? guide.
13. How long will it take to get a response?
We aim to respond to users within the first 48 hrs, but due to a large number of requests, we’re unable to respond to every single applicant in time. If you don’t hear back from us within two business days, try reaching out to @Saltz on Telegram, with your name & issue details..
14. What’s the best wallet for SALTZ?
Users can add any wallet of their choice to the SALTZ website or on the SALTZ Bot. A detailed guide is available on the supported wallet section.
15. How many referrals can I add in the Sprinkler of SALTZ?
You can add an infinite number of referrals at each level of the Sprinkler system but you will receive rewards till the fifth stage. Once you have reached onto the fifth stage, you will stop receiving Sprinkler rewards for the next stage.
16. I can’t find an answer to my question. Where can I find an answer to my question?
If you can’t find what you are looking for in SALTZ documentation, ask your question on SALTZ official social media platforms and we will try our best to help you out.
17. What does "yield generating deflationary coin" mean for SALTZ? A "yield generating deflationary coin" means that SALTZ has inherent mechanisms to reduce its total supply over time (deflationary) while allowing holders to earn additional tokens or rewards (yield generating). This combination aims to maintain the token's value and provide an incentive for long-term holding.
18. What is the significance of the 10% tax on transactions? The 10% transaction tax is crucial for ensuring SALTZ's sustainability and growth. A portion of this tax is used to burn tokens, effectively reducing the total supply and potentially increasing the token's value over time. Additionally, this tax aids in providing rewards to stakers and supports other SALTZ ecosystem functionalities.
19. Why is there a 1% tax on early unstaking? The 1% tax on early unstaking is implemented to encourage users to commit to staking SALTZ for the longer term. This helps in maintaining a stable token ecosystem and discourages quick, speculative behavior which can lead to market volatility.
20. What benefits do I get from referring others to SALTZ? By referring others to SALTZ, you not only contribute to the growth of the SALTZ community but also earn a percentage of their total deposit on each trade they make. This incentivizes community-building and allows you to earn passive rewards.
21. What makes SALTZ different from other cryptocurrencies? SALTZ is unique due to its commitment to guaranteeing a minimum selling price for the token. This is achieved through a combination of token burning from the transaction tax and a robust staking mechanism, all designed to provide stability and mitigate the impact of market fluctuations.
22. How often does SALTZ burn tokens? Tokens are burnt continuously from a portion of the 10% transaction tax. This means that with every SALTZ transaction, a certain number of tokens are permanently removed from circulation.
23. Are there any fees associated with withdrawing my Sprinkler rewards? While there aren't any direct fees levied by SALTZ for withdrawing Sprinkler rewards, standard transaction fees in ETH for the blockchain network may apply. Always ensure you're aware of the gas fees or any other network fees before initiating a transaction.
24. Do I need to perform any actions to receive my staking rewards? No. Once you've staked your SALTZ in the Yard section, rewards will be automatically accumulated. However, you'll need to claim or reinvest these rewards as per your choice.
25. How can I ensure that I'm using the official SALTZ platform and not a phishing site? Always double-check the URL when accessing the SALTZ platform. Bookmark the official site to avoid any scams. Moreover, never share your private keys or wallet information with anyone, and always ensure that you're on the correct official website before entering any sensitive details.
Remember, user education and vigilance are paramount in the crypto space. Always ensure to use the official and trusted sources when dealing with your assets.