Silvertoken

Silvertoken

Created using Figma
Created using Figma
Silvertoken is a secure currency able to store the labor, wealth, and value of our past, present and future creating a bridge between the intangible ecosystem of cryptocurrencies and the enduringly tangible world of Silver.
Nov 1, 2017
Nov 30, 2017
100% completed
Raised funds - no Data
past
  • 1 SLVT
    =
    1 CURRENT SILVER SPOT PRICE
Token Details
Ticker
SLVT
Accepted Currencies
ETH
Company Details
Registered Country
Nevis and Saint Kitts
Additional Details
Platform
Ethereum
KYC
Yes

About Silvertoken

Silvertoken was launched in 2017 as a crypto asset to represent the private ownership of silver by holding the ERC20 token SLVT. Each token is your receipt for ownership of physical silver held in vaults throughout the world. At any time, an SLVT holder may choose to redeem his token for silver and have the silver shipped directly or picked up at a vaulting location. When a token is redeemed, it is burned and removed from circulation. This ensures the number of SLVT in circulation always matches the amount of silver within the vaults. When an SLVT is sent, a small transaction fee is generated to cover the cost of vaulting the silver (free for 2 SLVT or less, 1% for 3-500 SVLT and 0.8% for 501 or greater). A portion of the fee that remains after covering vaulting expenses is used to buy more silver to increase the amount of silver that each token represents. This means that the amount of silver in the vault increases over time and each SLVT begins to represent more and more vaulted silver.

The amount of silver that each SLVT represents (the ratio) is publicly viewable on the Silvertoken website. This allows any user to sell SLVT back to Silvertoken for the current spot price of silver. Silvertoken provides a “Buy Back Guarantee” at all times paid to the user in ETH or USDC.

Users may also choose to tokenize their silver by sending silver directly to the vault and receiving SLVT as their receipt (at a fee of 5% to cover associated costs).

Silvertoken believes that by making silver ownership easy to transfer it can be used as sound money that holds purchasing value over time. Money should have the same purchasing ability tomorrow as it does today. Silvertoken is money you depend on to hold value over time.

Silvertoken Roadmap

  • Q1 2017

  • Project start.
  • Q2 2017

  • Token and website development.
  • November 2017

  • 20% of 1st Megabox released.
  • December 2017

  • Remaining 80% of 1st Megabox released.
  • Read More
  • January 2018

  • Silver Redemption platform launched.
  • February 2018

  • Megaboxes released.
  • Q3 2018

  • Beta mobile application.
  • Q4 2018

  • Silvertoken debit card.

Activity

Followers:
681
LOW
Tweets:
147
MEDIUM
30 Days Growth:
8

Silvertoken Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Richard Malik
Chief Executive Officer Co-Founder of Silvertoken
unverified
Andrew Malik
Chief Operating Officer Co-Founder of Silvertoken
unverified
Mark Yaxley
Service Provider Strategic Wealth Preservation Ge...
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

John Votta
Finance Advisor President of Votta & Company
unverified
Henry Orren Merren I...
Legal Advisor
unverified

Silvertoken Last News

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