Frequently Asked Questions.

Cryptocurrencies

What is a "cryptocurrency"?

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

Is Silvertoken an "Initial Coin Offering" (ICO)?

Silvertoken is not an “Initial Coin Offering”. We are a company that offers physical silver with free storage. Customers track their professionally stored silver through the possession of a digital token, which is redeemable for the physical vaulted silver.

Purchasing

How do I purchase Silver?

Silvertoken is offered here on our website. Silvertoken holders 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.

Storage

How do I know there is actually silver in the vault?

Silvertoken has partnered with a leader in professionally vaulted prescious metals, Strategic Wealth Preservation. New silver arriving at vaults in Grand Cayman, Switzerland, or Singapore is verified at 3 separate points:

1. Upon arrival, bars are checked for the minter’s mark, the weight in ounces and silver purity.

2. Our inventory records of allocated silver are checked against the vaults to guarantee accuracy of our bars maker, serial number and quantity.

3. Audits of quantity and purity 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. A list of all current allocated physical silver including minter, bar number, and quantity will be available online early this year.

In what form is the silver stored?

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 coins 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.

General

Could the value of Silvertoken ever fall to zero?

Unlike existing currencies (crypto or government issued), Silvertokens represent physical allocated silver. Meaning, there is always physical silver in existence for the tokens you hold, with each token never representing less than 1 ounce of silver.

What is a "fiat currency"?

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.

What is a "megabox"?

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.

Are the vaults within the banking system?

Silvertoken, SWP(our vault partner) and minter are all private, non-government affilated companies . We do NOT have any connection to any banking system.

What if the demand for physical silver skyrockets and sourcing becomes an issue?

Silvertoken regularly checks with our partners to ensure the availablilty of physical silver. We never want to offer more Silvertokens than the amount of silver currently available.

Didn’t find what you were looking for?

Nothing contained in the Site constitutes investment, legal or tax advice. Neither the information nor any opinion contained in the Site constitutes a solicitation or an offer to buy or sell any securities, futures, options or other financial instruments. Decisions based on information contained on this site are the sole responsibility of the visitor.

The materials in the Site are provided "AS IS" and without warranties of any kind (either express or implied). To the fullest extent permissible pursuant to applicable law, any and all warranties, express or implied, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose, are disclaimed.