Silvertoken is an organization with the mission of satisfying the need for honest money: a currency controlled only by the rightful owner, free from the manipulation of governments and banks.
What is SilverToken (SLVT)?
SilverToken (SLVT) is a digital receipt for the purchase of silver. Every SilverTokens represents allocated vaulted silver bullion. Silver is perfect for storing wealth but very difficult to spend or manage in the form of silver bars. This is why the time has come to bring silver into the modern era. Advancements in blockchain technology allow you to use your ownership of silver as a digital money. When digital money is backed by silver, the money gains and holds value. What will your government issued currency be worth in 5, 10, or 100 years? Silver has continually held value for thousands of years. With SilverToken, silver is now usable as money and a great place to protect the value of your money.
Redemption is easy. Since all SilverTokens represent silver bullion, you may choose to redeem them for silver at any time. You own silver bullion by owning SilverTokens, so redemption is merely your decision to exchange them for your silver. You redeem your SilverTokens, we ship your silver. So easy, a banker could do it.
Otherwise, SilverTokens may simply be held allowing you to benefit from growth. Growth occurs as transaction fees are generated from SilverTokens and SilverDollars. The transaction fees are used to purchase more silver bullion to increase the allocation of all SilverTokens in circulation. As more silver is purchased with transaction fees, each SilverToken represents more and more silver. As the allocated amount of silver of each SilverToken increases, the amount of silver you own also increases.
Put your dormant silver to work. Keeping your silver piled in your basement isn’t a bad idea but, what if you could earn more silver with your silver? Could your silver be doing more for your wallet? Owning silver by purchasing SilverTokens or tokenizing the silver you already own (delivering the silver to one of our vaults), you can put your silver to work. You can now benefit from growth.
SilverTokens represent silver that will always retain value regardless of governments and central banks.Read more in our Whitepaper
What is SilverDollar (SLVD)?
SilverDollar (SLVD) is a digital token fully backed by the value of silver bullion. SLVD works similarly to government currency prior to 1971 - it is backed by a tangible asset and redeemable for this asset, silver bullion. The price of SLVD is always $1.00 USD, no matter what happens to the price of silver. It is money designed for daily purchases and traders seeking overnight protection from volatile markets. By fixing the price at $1.00 USD, you are able to easily and reliably figure out the price of goods or services. It’s much easier than trying to figure out how much something costs in Bitcoin. Transaction fees are kept to a minimal and used to reward people using SLVD and to increase the silver backing of SLVT, benefiting holders.
SLVD is better than any digital token backed by dollars, euros or yen. Backing a digital token with government money does not solve the problem of inflation or purchase power erosion, it simply makes the problem digital. Backing SLVD with $1.00 worth of Silver means you can always reliably know the purchasing power of your money.
Silver comes in many shapes, sizes and purities. Silver is at the cornerstone of the Silvertoken organization, so it’s important all vaulted silver meets or exceeds specific standards. For example, the silver content in sterling silver misses the mark; this silver isn’t pure enough. We only vault 99.9% pure investment grade silver to back SLVT. It’s important your SLVT is backed by silver bullion recognized in the international precious metals market. It is also a good practice for all vaulted silver to be uniform in weight and purity. This makes redeeming SLVT simpler. International standards for silver have been outlined by the London Bullion Market Association and these standards are commonly referred to as “Good Delivery”. Although we may not agree with everything the LBMA does, we can agree that the international standards they have proposed are a good starting point for miners, minters, refiners and Silvertoken alike.Learn More About the Vault
SLVT and SLVD Token Details
|Analogous||Saving and Holding||Checking and Daily Purchases|
|Blockchain||Ethereum Network||Ethereum Network|
|Price||Market price of silver||$1.00 USD|
|Best Use Case||Direct ownership of silver bullion||Consumers and overnight protection for traders|
|Allocated to Tokens||Fully Allocated Vaulted 99.9% Pure Silver Bullion||SLVT Held within Reserve Account|
|Rewards||Transaction Fees increase silver allocation of each SLVT.||Users rewarded on a quarterly based volume.|
|Ratio as of 3/01/2019||1 SLVT = 1 oz. 99.9% pure silver||Varies with the price of silver.|
|Transaction Fee||< 2 SLVT = Free
2 > SLVT < 500 = 1%
> 500 SLVT = 0.8%
|0.45% or Volume Rebate|
|Redemption Fee for Silver||4% of SLVT redeemed (includes fully insured shipping)||Must first convert to SLVT. (Free Conversion)|
|Tokenizing Fee||5% of Precious Metals (includes fully insured shipping)||Tokenize to receive SLVT then convert to SLVD|