Quote from: btcdee on August 15, 2017, 06:55:16 PM

Maybe the First ERC20 Token Backed by Silver for the month of August BUT certainly not the First Token. Read about Ethereum Link (LNK) (which already held an ICO and is already trading) here: https://themerkle.com/silver-backed-cryptocurrency-ethereum-link/

Quote from: Alphagog on August 15, 2017, 07:10:23 PM

Quote from: btcdee on August 15, 2017, 06:55:16 PM

Maybe the First ERC20 Token Backed by Silver for the month of August BUT certainly not the First Token. Read about Ethereum Link (LNK) (which already held an ICO and is already trading) here: https://themerkle.com/silver-backed-cryptocurrency-ethereum-link/

They were unknown by this fact while they planned for the project. Now I think they will have to rethink for their project as they now have to keep in mind that there is already one project like that.

by the way good luck. We are looking for the profit and if there will be profit for us investors then we will definitely invest.

Ethereum Link is a cool platform project for trading on ethereum. However, the LNK token is share of the platform and its value is derived from it's right to claim a certain percentage of fees from the trading platform. Ethereum.link also offers a LNKS (link silver) token which represents 1 gram of silver, yet as far as I can tell there is no mechanism to purchase this silver backed link nor redeem them for physical silver.

At SLVR we are offering a token fully pegged to 1 ounce of silver from our mine, a true silver backed currency. As the physical silver is refined, we will store it in insured, audited and secured 3rd party vaults after which point the Silver will be available for redemption by token holders.

Furthermore, the investment upside in our project is rather unique. We are essentially pre-selling 1 ounce of silver for $10 per ounce, a 60% ROI against the spot price. Once the ICO is complete and exchange trading has begun, these SLVR tokens will become liquid allowing the holder to trade the promise of 1 ounce of silver to other users. Token holders can use SLVR to transfer wealth in store of value commodity on the blockchain, hedge physical silver exposure with ether, or simply hold them until they are ready to redeem their physical silver.