Salad PriceSALDInactive

What is Salad (SALD)?

Salad (SALD) is a multifaceted cryptocurrency project that seeks to redefine engagement in the Web3 space through its X-2-Earn ecosystem. By leveraging blockchain technology, Salad aims to foster economic growth by integrating gaming, education, and work into a unified platform. The project positions itself as a trailblazer in decentralized Web3 labor, with a mission to unlock new economic opportunities and promote a more equitable world where individuals can participate in the future of work.

At its core, SALD is an ERC20 token issued on Ethereum with 18 decimal places, and it is also deployed on Polygon. Its transactions are secured by Ethereum's proof-of-stake consensus and the Polygon network respectively; the token itself does not run a separate consensus mechanism. The token powers an ecosystem built around three main pillars: Play, Learn, and Work. These pillars are embodied in flagship platforms including Arcaden.com for immersive gaming, Apollo Academy for Web3 education, and Maslow for professional networking. The SALD token enables users to stake, trade, and vote within this ecosystem.

Salad has a maximum supply of 1,680,000,000 SALD and a total supply of 1,677,951,825 SALD, per CoinMarketCap registry data. The circulating supply is 75,610,749 SALD, about 4.5% of the total supply, per CoinMarketCap. According to CoinMarketCap registry data, Salad's launch date is July 19, 2024, while its CoinMarketCap listing dates to July 19, 2023; CoinDesk records a July 3, 2023 launch. The Polygon deployment followed on December 15, 2023. Salad is headquartered in Singapore and carries CoinMarketCap tags including Gaming, Collectibles & NFTs, and Play To Earn.

Key Specifications & Tokenomics

• Name: Salad
• Ticker/Symbol: SALD
• Blockchain/Platform: Ethereum (ETH); also deployed on Polygon (POL)
• Token Standard: ERC20
• Decimal Places: 18
• Ethereum Contract Address: 0x5582a479f0c403e207d2578963ccef5d03ba636f
• Polygon Contract Address: 0x6A34A7284B13bA70A6135bE9738Da35C5eF22f78
• Max Supply: 1,680,000,000 SALD
• Total Supply: 1,677,951,825 SALD
• Circulating Supply: 75,610,749 SALD
• Self-Reported Supply: 1,038,921,504 SALD, which differs from the CoinMarketCap-registered total supply of 1,677,951,825 SALD
• Category: Gaming, Collectibles & NFTs, Play To Earn
• Base Location: Singapore
• Official Website: https://salad.ventures
• Whitepaper: https://wp.salad.ventures/

Per Chain Broker, the seed round was priced at $0.01 (raise $2M, valuation $16.8M) and the private round at $0.09 (raise $13.5M, valuation $151M); both carried a 12-month cliff with 8.33% monthly vesting. Team and advisor allocations also have a 12-month cliff with 4.17% monthly vesting, while airdrops were 100% unlocked at launch.

Who created Salad?

Salad Ventures, the organization behind the SALD token, was co-founded by Felix Sim and Wesley. Felix Sim has been featured in presentations such as the "Salad Ventures: Origin Story" at the project's monthly "Salad Tuesdays" community event. Backers include Multicoin Capital (lead), Polygon Studios, Alameda Research, Folius Ventures, Kosmos Ventures, GBV Capital, and LD Capital, per Chain Broker.

Salad Ventures is the organization behind the SALD token and raised $15.5M across a seed and a private round. Salad Technologies, a separate entity behind salad.com, announced a $17 million Series A round in April 2022 for its decentralized cloud computing business. The broader Salad organization also lists individuals such as Justin Maier, Founder and CEO of Civitai, and Jamsheed Kamardeen on its salad.com platform.

How does Salad work?

Salad operates at the intersection of blockchain innovation and strategic growth methodologies designed to empower the Web3 ecosystem. The project's blockchain supports a unique X-2-Earn ecosystem crafted to help Web3 projects scale efficiently. Because SALD is an ERC20 token on Ethereum and is also deployed on Polygon, transfers are recorded on public block explorers such as Etherscan, where they can be independently verified.

Security is maintained through a consensus mechanism that prevents attacks from malicious actors. By using a decentralized network of nodes, Salad ensures that no single entity can control or manipulate the system. Cryptographic techniques are used to secure data, ensuring that all information is encrypted and accessible only to authorized participants.

Beyond the token ecosystem, Salad Technologies operates as a distributed infrastructure orchestration layer for containers, tokens, and GPUs. It coordinates supply across 16,000+ daily active GPUs instead of financing new data-center capacity, creating a structurally lower cost base. SaladCloud orchestrates compute across 16,000+ daily active GPUs in 190+ countries, or privately inside an organization, at up to 90% less than hyperscaler pricing. The Salad desktop app lets users share idle GPU and bandwidth resources; it runs GPU-accelerated container jobs (such as AI inference and simulations), streams bandwidth, and can mine cryptocurrency. Earnings are credited as Salad Balance, which can be spent in the Storefront but cannot currently be withdrawn as fiat.

What makes Salad unique and valuable?

Salad distinguishes itself through its comprehensive X-2-Earn ecosystem that spans gaming, education, and work. Rather than focusing on a single vertical, the project integrates multiple earning pathways under one token. The Play pillar is represented by Arcaden.com, which offers immersive gaming experiences that go beyond entertainment and serve as a catalyst for economic empowerment. The Learn pillar is embodied by Apollo Academy, which provides educational resources to help users navigate Web3 confidently. The Work pillar is represented by Maslow, which connects users and fosters professional growth.

Another differentiating factor is Salad's decentralized Web3 labor model. The project aims to create earning opportunities on the blockchain by empowering its community through various platforms. Its desktop app lets users share idle GPU and bandwidth resources, while Salad Technologies orchestrates compute across distributed infrastructure. This approach coordinates existing GPU supply rather than building new data-center capacity, which the project describes as creating a structurally lower cost base and helping customers run substantially more.

What is Salad used for?

The SALD token is integral to the Salad ecosystem, offering users the ability to stake, trade, and vote, thereby amplifying their influence within the community. It transcends traditional currency roles by enhancing interactions across Salad's platforms. Token holders can participate in governance decisions and engage with the various applications built on the network.

Within the Play pillar, SALD facilitates participation in gaming experiences on Arcaden.com. In the Learn pillar, the token supports educational engagement through Apollo Academy. In the Work pillar, it enables professional networking and growth through Maslow. Additionally, the Salad desktop app lets users share idle GPU and bandwidth resources, with balances valued in Salad Balance that can be used to purchase items and rewards from the storefront.

How Is the Salad ecosystem developing?

The Salad ecosystem is structured around its three core pillars: Play, Learn, and Work. Arcaden.com delivers immersive gaming experiences, Apollo Academy provides Web3 educational resources, and Maslow connects users for professional growth. These platforms collectively form the foundation of the X-2-Earn model.

On the infrastructure side, Salad Technologies operates an orchestration layer for containers, tokens, and GPUs, running across more than 16,000 daily active GPUs. The project maintains a GitHub repository, SaladTechnologies/salad-recipes, which provides pre-configured container group templates for quickly deploying popular AI models and applications. Salad also produces content related to AI workloads, including documentation on finding machine IDs.

SALD price data is tracked by major aggregators such as CoinMarketCap, CoinDesk, and Crypto.com, and the token is not listed for trading on Binance. Salad maintains community channels on Telegram, Discord, and Twitter, and hosts monthly "Salad Tuesdays" presentation events.

How to mine Salad?

The Salad desktop app lets users share idle GPU and bandwidth resources. Users participate by running the Salad application on their machines, which contributes computing resources to the network in exchange for rewards. The balance earned is valued in Salad Balance, which can be used to purchase items and rewards from the storefront.

On Windows, Salad uses WSL (Windows Subsystem for Linux) to run jobs, and you may need to whitelist the app in your antivirus software for it to run smoothly.

It is important to understand that the Salad account is not a wallet and does not have an address for cryptocurrency deposits or withdrawals. Users cannot withdraw or deposit cryptocurrency into their Salad account, nor can they currently withdraw the balance as fiat to a bank account. The wallet address found in logs is used only for miner payouts and is not unique to any user. The Worker ID is used instead to ensure that mining balances are sent to the correct account. Depositing cryptocurrency to these wallet addresses will not result in it appearing in the account and may result in permanent loss.

How to keep your Salad Coin safe?

SALD can be acquired by swapping supported tokens on OpenSea (Ethereum contract 0x5582a479f0c403e207d2578963ccef5d03ba636f), via Crypto.com Onchain, or through Binance Web3 Wallet; the token is not listed for trading on Binance.

Keeping SALD tokens safe begins with using a reputable self-custody wallet that supports ERC20 tokens on Ethereum and Polygon. Because SALD exists on both networks, users should verify they are interacting with the correct contract address before conducting any transactions. The Ethereum contract address is 0x5582a479f0c403e207d2578963ccef5d03ba636f, and the Polygon contract address is 0x6A34A7284B13bA70A6135bE9738Da35C5eF22f78.

Users should never share their private keys or seed phrases with anyone. When interacting with decentralized applications or swapping tokens, it is advisable to verify the authenticity of the platform and use hardware wallets for significant holdings. Additionally, users should be aware that the Salad mining account is not a wallet and cryptocurrency should never be deposited to wallet addresses found in mining logs, as such deposits will be lost permanently. Staying informed through official channels and exercising caution with unsolicited offers can further help protect holdings.

SALD is subject to price volatility, and its value can change significantly over short periods. Regulatory treatment of crypto assets varies by jurisdiction and may change, which can affect how the token can be used or accessed. Technical risks also apply, including smart contract vulnerabilities and the possibility of network congestion on Ethereum or Polygon. These factors should be weighed before interacting with the token or the ecosystem.