Silvering is not one man show and again, redeem option is only an OPTION!!!
Silvering is firstly not for phisically silver trading. Silvering is firstly traded on exchanges for USDT and TUSD.
Thanks.
So then tell me this, if every SLVG is backed by 1g of silver;
Total Supply: 6,220,695 SLVG
Are you telling me you have 6.2 tonnes of silver?
And how come only 5 addresses hold the token if you're having such good volume?
1 0x686e275ce6fe968d1064c102613e6c23c78dc58a 6,175,761 99.2777%
2 0x2ca275d27726ff7fa3c4ad402f21f2b9936fcc81 43,566 0.7003%
3 0xb6d8f913834b34bc5c997c63c597956e42da405a 1,010 0.0162%
4 0xcccaea195b965833dc3e9a5c4ee87e34616f778f 310 0.0050%
5 0xdb561ba2382659f2c459273f392d252005e15110 48 0.0008%
Things certainly don't add up
No we have no 3.1 tones of silver
1 SLVG currency = 0.5 gr of silver if you see carefully on website.
2. line is important: 43,566 SLVG.
This is now circulation supply of SLVG.
Only with silver collateral can be any of SLVG be part of circulation supply.
Next days will grow this number.
And you know wery well if you trade somewhere that second address is address of exchange where SLVG is trading. Only if someone withdraw from exchange to own address will be showed new address on etherscan.
Thanks.