What is Silvertoken
How It Works
It's simple. Silvertoken is a digital currency fully backed by vaulted silver.
All Silvertokens may be redeemed for a minimum of 1 oz. of 99.99% pure silver.
Sending a Silvertoken incurs a 1% transaction fee.
Sending less than 2 Silvertokens is free.
A Transaction fee is used to purchase more silver; this increases the silver backing each Silvertoken in circulation, and also cover vaulting costs.
The ratio of the number of ounces of silver per Silvertoken is called the "Silvertoken Ratio".
Transaction Fees increase the "Silvertoken Ratio".
Purchase with ETH or Government Currency.
Exchange (tokenize) your physical silver for Silvertokens.
Exchange your Silvertokens for Government Currency.
Exchange (Redeem) your Silvertokens for silver.