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

What is Silvertoken

Silver + Crypto = Stable and Secure

Mission Statement

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.

Silvertoken

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.

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How it Works

  • Purchase

    Purchase silver with your choice of available currencies and receive a Silvertoken as proof of your purchase

  • ERC20 Wallet

    Silvertokens may be kept in any ERC20 compatible wallet of your choice for saving or spending

  • Securely Stored

    The silver you purchased is allocated and stored in a high security vault on your behalf

  • Transactional Growth

    A 1% fee is charged each time a Silvertoken is transacted. The fee is used to cover storage costs and purchase more silver to back each token, causing the value of your Silvertokens to rise through transactional growth

  • Redemption

    Hold your Silvertokens and watch them grow or redeem them for physical silver







Silvertoken Benefits

A Simple Token for Long Term Growth

Real Silver

Each Silvertoken represents the purchase of 0.999 fine silver stored safely in a high security vault. Initially, 1 Silvertoken = 1 Ounce of 0.999 Pure Silver. More tokens may be created over time but they will merely represent the purchase of more silver, never diluting the token's value.

Stability

Since Silvertoken is equivalent to purchasing physical silver, the volatility experienced in the crypto markets is significantly reduced. Value in Bitcoin is created through usage adoption and not through tangible asset value. Silvertoken acts as a "safe haven" in the cyrpto world because it represents a physical asset with lower volatility.

Growth Potential

The small transaction fee charged when using a Silvertoken is used to purchase more silver to continually grow the amount of silver each token represents. Silvertoken will appreciate in value when compared to any fiat currency because the balance of silver to tokens will only increase as more silver is purchased. Silver appreciates because of fiat currency inflation and Silvertoken will share this characteristic.

Redeemable

Should you no longer want us to store your silver or benefit from transactional growth, you may redeem your Silvertokens for silver and have the silver sent directly to your home. We plan to allow redemption in January of 2018.


Frequently Asked Questions

A cryptocurrency is a digital currency that enables users to make secure and pseudo anonymous transactions which are recorded on a public ledger or blockchain. All of the transactions are recorded and encrypted using cryptographic.

Silvertoken is not an “Initial Coin Offering”. We are a company that offers physical silver and storage services. Customers track their professionally stored silver through the possession of a digital token. Conversely, an ICO is when a company seeks startup capital to fund a new business venture through the issuance of a digital token. Investors of ICOs are buying into a venture that may someday be great but may also fail rendering their investment worthless.

Initially, silver is offered here on our website. After Silvertokens are freely released as an ERC-20 compatible token early next year, users may buy or sell tokens on the open market with other users, just like Bitcoin or Ethereum. All of these tokens are still redeemable receipts for physical silver.

The silver is counted and tested at 3 separate points throughout its journey. (1)Any new silver arriving at a vault is authenticated for weight and purity. (2)Our inventory records are verified for accuracy against the vault's inventory records. (3)Monthly audits are performed by a 3rd party specializing in the field of precious metals. All vaults meet the "Vaulting Best Practices" as set forth by the London Bullion Market Association. Silver holdings will also be available for viewing on our website early next year.

Silver managed by Silvertoken is stored in the form of bullion bars. While we are aware many people consider coins to be the best way to hold silver, there are two main reasons for our avoidance of coins. Firstly, silver bullion bars are more suited to the large amount of silver being stored. Bullion bar sizes typically range from 1 ounce to 1000 ounces. We will be storing authenticated 100 ounce marked bars. Secondly, the benefit to using bullion bars is their lack of connection to any country or bank. Should a country like the United States make holding large amounts of silver illegal (similar to what happened to gold in the 1930s) we do not want to be at the mercy of any country's political or fiscal policies.

Unlike Bitcoin, Silvertokens represent tangible silver allocated to the tokens. Meaning, there is always physical silver in existence for the tokens you hold, with each token never representing less than 1 ounce of silver. For Silvertokens to be worthless, the price of silver would need to collapse as well, while technically possible, in a civilized world this is highly unlikely.

Fiat money is a type currency which holds no intrinsic value and is controlled by a centralized governing body. It is typically created and managed by a government as the legal tender used to fulfill any outstanding debt. Checkout the video below for a brief explanation.

A Megabox™ represents 1,000,000 ounces of .999 pure silver coins. The name combines a "megabit" which is approximately 1 million "bits", and "monsterbox" which is the name given to a 1,000 ounce box of .999 pure silver coins.

No. All vaults used for storage are privately owned, unassociated with any bank and do not include the silver stored as an asset of the vault.

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Roadmap

Our roadmap offers a look into our accomplishments and expected timeline for the future. The Silvertoken smartcontract has been developed and we are excited to begin offering silver at an introductory rate in November, followed by additional silver offered at normal rates in December. Tokens will be distributed to ERC-20 wallets in early 2018 and will begin trading on exchanges shortly thereafter. Our silver redemption program will launch in January giving silvertoken holders the choice to redeem their tokens for physical silver. During 2018, we plan to offer additional Megaboxes, an iOS application for managing redemptions and a debit card to streamline using silvertokens for purchases.


the only crypto currency redeemable for silver

Why Silvertoken?

Silvertoken was created out of a fervent concern for our current financial crisis and the urgent need to preserve our financial future. We seek to protect our wealth from an uncertain future. The greatest issue we see with current financial allocations is they are either illiquid, overly expensive or tied to a fiat currency. However, what we find most disconcerting is the attachment and control most allocations have to banks. Even financial products connected to silver are controlled by the largest banks in the world. When it comes time for another bailout, do you think these banks will put our interests first? We don’t believe they will, either. The only way to truly protect your assets is to grab the bull by the horns and take control of your financial future. We believe in silver and the value it continues to hold. By connecting silver to a blockchain, we have created a way to easily purchase silver, effectively track ownership through the use of tokens and safely protect your silver in a secure vault. If you share our strong belief in silver, we ask you to join us in this journey to protect and preserve your wealth through times of prosperity and decline.

I want to just obey the Constitution. The Constitution says only gold and silver can be legal tender.

Ron Paul

Former Congressman from Texas

Paper is Poverty. It is only the ghost of money, and not money itself.

Thomas Jefferson

Third President of the United States

If I have cash and I can't figure a way to put it into real estate or my business, I hold it in gold and silver.

Robert Kiyosaki

American Businessman and Author

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