Silvertoken is a cryptocurrency that is backed by real silver to give it intrinsic value and is built on the Ethereum decentralized blockchain using ERC-20 standards. Because Silvertoken functions as a digital token receipt for the purchase of physical silver, it carries more stability and less price volatility than other cryptocurrencies that are not backed by a precious metal. Every time a transaction takes place, a fee is collected. Parts of this fee fund storage and operating costs, while the rest is reinvested into buying more silver. So, as Silvertoken gains usage and the overall amount of purchased silver increases, the amount of silver represented by each token increases. This means each token will grow in value while purchasing power remains stable or increases. Just as fiat currencies once could be exchanged for the precious metals that backed them, Silvertokens can be redeemed for their physical silver.
Closed 5 months, 3 weeks ago
|Token Sale||11/01/2017 midnight - 11/30/2017 midnight|
|Country||United States of America|
|Restricted countries||No restrictions|
Token and website development
20% of 1st Megabox released
Remaining 80% of 1st Megabox released
Silver Redemption platform launched
Beta mobile application
Silvertoken debit card
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