I currently have 9 categories to choose from, but I can add more if there are more than 5 coins for a category.
See the list here: https://cryptflix.com/cryptocurrencies-by-category/.
This is a terrible assumption and I hear this all the time. I can not make this more clear.
People are LAZY. People LOVE -convenience-. People want things NOW.
They are applying the same scenario to their Token as any retailer in the entire world does. There is 0 doubt if you are not familiar with technology just the simple thought of opening an exchange account in crypto currencies is a terribly bad idea to anyone of 45+ in age (even if they somehow knew about it, which the majority have no clue). They can come up with a million and one reasons to not do it. #1 reason is security of course, but there are dozens of reasons. The wealthiest people in the world are in this category, and don't even care about exchanges in CC.
The concept applies to virtually any store you walk in physically in the entire U.S or purchase from online(with some exceptions of course). They buy from china for $1 and then sell for $25 dollars. Why doesn't everyone just buy straight from china?
These are the things that will cause people who don't use exchanges (By the way, there are hundreds of thousands if not millions of people that use coinbase that don't touch GDAX, and it's literally right on the front page, so this is a proven, ironclad concept). These are just a -few- reasons, there are more I could go over, but this is basic economics.
Do you see the cryptocon events SALT is running? They are doing public events to gain additional exposure, read their flyers, "Entry Level Crypto". This exposure is NOT for people to get on the secondary markets to buy tokens (although either way it wouldn't matter much, it still helps SALT regardless).
People want to be a PART of crypto, not be crypto nerds. This is how the general world thinks.
I am a General Contractor these days, and operate this business to build custom homes for a living (and mine, and trade), but all of my contractor buddies and co-businessmen think I am literally nuts for trading on the CC exchanges. They can't even wrap their heads around it. Mind you these are some young people as well. People walk into the backroom of my office building and think I'm something out of the matrix when they see my 40 mining machines and how the room is struggling to stay at 80 F. The proof is all around you. If you assume people think the same way as you do in your logic of buying off the secondary exchanges for SALT think again, the only people doing that are the people already here, and the crowd of professional / amateur traders that are coming a long for the ride better or worse in the coming months. I even saw a few different people on the official SALT telegram purchasing off of the platform -right now-. True story.
Ignorance is bliss folks.
It’s posted here daily:
“You can buy for $5 and redeem for $27.5? How is that sustainable?”
SALT intentionally uses the arbitrage opportunity to generate market presence for the coin. The cost out of their pocket is minimal.
The market pressure caused by the arbitrage opportunity should definitely be enough to keep the company afloat. It’s a great marketing mechanism that was likely paid for through the ICO funds.
If you think it’s too good to be true, take a look on this sub at the loans that are already being paid off in SALT.
This coin’s about to be $27.5 very soon.