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The funds exist for a silver coin project, but it would be quite a large undertaking and NEM doesn't have anybody right now that has a lot of free time as all the marketers are working on other projects. If we can find somebody to manage the project, then it might come to life.
What is silver coin project ?
We want mint silver coins ?
115$ for piece of custom coin ^^ if you find better supplier give a shot
The fund is meant for minting custom silver coins for all of the initial stakeholders.
As i understand the main problem with this is the fact that liquidating the fund right now would tank nem price HARD. As you said custom coins are around $100 and given that the amount of initial stakeholders is somewhere around 2800(?) the whole buy support on polo wouldn't be nearly enough to achieve that. I don't doubt for a moment that if you make sure you can still access your nemesis account when the time comes all the initial stakeholders will have their silver coins at some point but right now the only people who would stand to gain anything from pushing the plan through are the people who already sold their xem and only want the silver to sell it too.