Quote from: solarjake on January 24, 2018, 12:47:31 AM

Hi Deja, just a quick question.

You wrote this earlier in response to a question:

Quote

a currency that will be 1-1 backed with one gram of silver.

So does that mean that one LNK will be back with one gram of silver? Is it not an issue that 1 gram of silver currently = $0.53 whereas 1 LNK token = $99.97?

How can the tokens be backed when the thing backing them is worth 1/200 of their value? Or am misunderstanding this?

Also, how does this work when redeeming LNK tokens for silver? Say if I redeem 100 LNK tokens does that mean you will send me an equal value of silver, so currently that would be $9,997 (about 20kg of silver)?

Thanks!

Read the White Paper carefully about the difference between LNK and LNKS (LNKS Silver Tokens are minted via a Minter Smart Contract. Each $LNKS Silver Token represents 1g of silver)
First: For Silver Trading
After that: Link portfolio is diversified with extra commodities being integrated into platform such as Gold and Palladium
https://ethereum.link/whitepaper.html