With all of it’s uses, nothing can replace silver.
The demand for silver comes from three main areas:
Industrial demand the largest, continues grow with Solar Panels, Electric Cars, and the “Internet of Things”. The new Internet of Things has substantially increased demand and will continue to grow for years.
Thus, as demand for silver continues to rise and peak supply decreases, the price increase will continue.
Silver is the perfect asset to use as money.
Yes, SilverToken™ (SLVT) is the receipt for your purchase of silver (also know as a Warehouse Receipt or Claim Check) which can be exchanged for silver on demand.
SilverDollar (SLVD) is money always worth $1 USD of silver. This is how government currency was prior to 1971 (redeemable for silver).
ETH is the symbol for Ethereum.
Both SilverToken and SilverDollar work only on the Ethereum network. In order to use the network for transactions a fee is charged called “GAS”. This fee is always paid for with Ethereum (ETH).
So by requiring silver to be purchased with ETH it ensures that the sending wallet is a Ethereum based wallet, and you have gas to pay for the transaction fee.
Many benefits are the same:
Here is why SilverTokens are better:
Silver has been use as money for thousands of years so you can digitally exchange them for goods and services by simply sending them from one digital wallet to another. Additionally, silver serves as an excellent asset for holding value.
In 2020 the silver spot price went down to under $12 USD per oz. but the physical deliverable price was held constant by the miners, refiners, minters, and other holders.
SilverTokens (SLVT) may be purchased several ways.
Other Dealers charge you:
Shipping, Insurance or storage and then again when you want to sell.
SilverToken, is Easy, Fast and Cost Effective.
You receive a digital receipt called SilverToken you can use as money. We call it Receipt MoneyTM. The benefit of SilverToken is with your digital receipt, storage and insurance are free. Plus, you are able to transfer your silver ownership for daily purchases (like other money), as well as exchange it for silver any time, instantly
Tokenizing is converting a physical silver into SilverTokens (SLVT). Plus, you can redeem your SilverTokens back to physical silver anytime.
If you own silver:
then tokenizing is for you.
Here are the steps:
Aligned with our belief to create sound money, all SilverTokens are fully redeemable on demand for a minimum of 1 : 1 silver. Each SilverToken is fully represented by vaulted silver, and initially the ratio of silver to SLVT started at 1:1 but has since grown, meaning for each SLVT in circulation there is more than 1 troy ounce of 99.9% silver secured within the vaults. All SilverTokens in circulation may be sent back to SilverToken and exchanged for the silver represented by the token (this is called exchanging or redeeming). Thus, SLVT is commodity money. When redeeming, a minimum of 200 ounces must be redeemed.
Each time silver is purchased, the smartcontract “mints” a new SilverToken. The new SilverToken then purchases silver at the current price. This allocates physical silver within the private vaults. This mechanism provides for a theoretical “infinite” amount of SilverTokens SLVT without creating inflation within the “Sound Money” system. Remember, when SilverTokens are redeemed from the vault, the opposite is true: the amount of silver and the token are removed from the “Sound Money” ecosystem.
There are two scenarios in which SLVT will increase in value and both scenarios may happen independently or in conjunction with each other.
Yes, $0 vaulting: All silver is insured and vaulted free of charge. There is only a small cost when sending, redeeming or tokenizing. This cost is how we pay for these processes.
Here is the breakdown of fees associated with SilverDollar:
Our vaults store precious metals for the wealthiest people throughout the world. These vaults are private and not connected to any government or bank. All silver is insured and inventoried monthly. Additionally, an independent third-party audit is performed a minimum of once per year for purity and quantity by Bureau Veritas. If you hold more than 100K SilverTokens, you may schedule a free guided tour of any of our vaults.Please, feel free to redeem your tokens for silver any time.
The Total Current Token Supply is limited only by the amount of available silver on the open market. Each time silver is purchased, the smartcontract “mints” a new SilverToken, which is simultaneously represented by this new silver within the vaults.
The Circulating Supply is the number of SilverTokens that have been purchased from the SLVT smartcontract, plus the amount of SilverTokens in the reserve account backing SilverDollars SLVD in circulation. All of these tokens are direct legal ownership of physical silver.
The SilverToken Ratio is calculated by dividing the amount of vaulted silver by the number of SilverTokens in circulation plus the number of SilverTokens in the reserve account to represent all SilverDollars SLVD in circulation.
Instant Buy Back is a smart contact that works 24/7. For this to function properly we needed a stable coin that represented the US Dollar.
Even though USDC represents a failing government currency it is the fourth most widely used coin.
Yes/Maybe! The SilverDollar Card will allow further usability of SLVD in daily transactions. By utilizing existing infrastructures set in place by payment processors, SLVD may be spent just like widely accepted government currencies. The SilverDollar Card will be made available for a test group when we believe the banking system will not jeopardize the SilverToken as Sound Money system.
So Not Yet.
<p>Receipt Money ™ is what we call our tokens. They act as proof of purchase, just as receipts do when we shop in stores. Receipt Money is simply the token that may be used or exchanged for the silver. So SilverTokens are your digital proof of the purchase for silver. They can be spent just like other money and you may exchange your SilverTokens and SilverDollars for physical silver at any time.</p>