With all of it's uses, nothing can replace silver.
The demand for silver comes from three main areas:
- Industrial applications
- Investors
- Jewelry
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 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).
Silver Token SLVT
- Is direct silver ownership
- When the price of silver increases, so do Silver Tokens
- Growth from transaction fees
Silver Dollar SLVD
- Will always be worth $ 1 USD of silver
- Will not change when the price of silver changes
- Will not grow from transaction fees
Both Silver Token and Silver Dollar work on Ethereum and Polygon networks. In order to use the network for transactions a fee is charged called "GAS". On the Ethereum network this fee is paid for with Ethereum (ETH). Whereas on the Polygon network the fees is paid with Matic token
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:
- Buying Physical Silver
- Delivery
Here is why Silver Tokens are better:
- Selling Silver Back
- 7 Days a Week, 24 Hours a Day
- Purchased back at the spot silver price.
- Velocity Based Yield
- Free Storage
- Free Insurance
- Global Vaulting Network
- Pick-up or delivery from the vaults in our network
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.
In order to view your balance, you must be using an ERC20 compatible wallet (e.g., MyEtherWallet, Trust, MetaMask).
Simply add the:
SilverToken = 0x652594082f97392a1703d80985ab575085f34a4e smartcontract address
SilverDollar = 0xdba8e8021fe321af91fc3a08e223ef15908cb2bb smartcontract address
to your wallet and your balance is viewable. Read more...
SilverTokens (SLVT) may be purchased several ways.
- Purchase SilverTokens directly using tthe Silver Token Swap.
- Button at the top of all pages.
- From other Silver Token Owners
- More option coming.
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, which can be exchnaged to Silver Dollar to use as money.
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 Silver Tokens back to physical silver anytime.
If you own silver:
Here are the steps:
- Fill out this form.
- Our vault manager will contact you to arrange deliver.
- Fully-insured shipping is provided.
- All metals arriving at the vaults are assayed and weighed.
- A one-time fee of 5% is charged in silver weight
for operations associated with securing your metals within the vaulting network. - You receive an equivalent amount of SilverTokens (SLVT) sent to your digital wallet.
Aligned with our belief to create sound money, all Silver Tokens are fully redeemable on demand for a minimum of 1 : 1 silver. Each Silver Token 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 Silver Tokens in circulation may be sent back to Silver Token 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 Silver Token. The new Silver Token then purchases silver at the current price. This allocates physical silver within the private vaults. This mechanism provides for a theoretical “infinite” amount of Silver Tokens SLVT without creating inflation within the "Sound Money" system. Remember, when Silver Tokens 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.
- As SLVT is used, transaction fees are generated. The 50% of fees are used to purchase more silver and increase the silver of each Silver Token. For example, initially the Silver Token ratio was 1:1, so the ratio of SLVT to silver has increased. Thus, each Silver Token represents more silver. This is growth from the velocity of the SLVT and SLVD .
- The global market price of silver increases. As the value of your government's currency declines, silver priced in your currency will increase in value.
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 Silver Token:
- Transacting with Silver Token (SLVT)
- Free when sending 2 SLVT or less
- 1% when sending 3-500 SLVT
- 0.8% when sending 501 or more SLVT
- Tokenizing
- 5% of the weight in silver delivered to the vault.
- Redeeming
- A minimum 200 ounces of silver must be redeemed. The cost of shipping, insurance, and tax will vary by your location. If you pick up your silver at one of our vaults, handling and tax may apply. These costs depend on the vault, country, and quantity.
- Merchant and Commercial accounts call for discounts.
Here is the breakdown of fees associated with Silver Dollar:
- Transacting with Silver Dollar (SLVD)
- .45% when sending SLVD
- Converting from Silver Dollar (SLVD) to Silver Token (SLVT)
- 0% Transaction/Exchange Fee (Only a network fee applies.)
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 Silver Token, which is simultaneously represented by this new silver within the vaults.
The Circulating Supply is the number of Silver Tokens that have been purchased from the SLVT smartcontract, plus the amount of Silver Tokens in the reserve account backing Silver Dollars SLVD in circulation. All of these tokens are direct legal ownership of physical silver.
The Silver Token Ratio is calculated by dividing the amount of vaulted silver by the number of Silver Tokens in circulation plus the number of Silver Tokens in the reserve account to represent all Silver Dollars SLVD in circulation.