Hello Silver Holders!

Unfortunately, we were not able to raise the full amount needed to support mining operations and develop a next generation silver backed currency. That being said we still want to deliver on the silver we promised to our contributors. We will be using the silver concentrate available to us from the mine to fulfill the approximately 14,146.06 SLVR tokens we sold during the ICO. We are beginning the process of processing and minting the silver into ingots and bars for storage in the vault. We aim to fill the fault January, 2018.

In the mean time we will be rebranding and redeveloping the slvrmine.com website so that users can sign up and trade in their tokens.

We look forward to continuing this project, even at a smaller scale and will be releasing a roadmap for future developments soon.

If you would like to import the SLVR token into your ethereum wallet use the following:

Address: 0x40b3A458fBC27A63981E94Bf83830f139a0DDc1C
Symbol: SLVR
Decimals: 6


-Thank You
 
SLVR team

Bounty Program is now Live!!!!!!!

Major Payouts Offered: --> https://bitcointalk.org/index.php?topic=2136830

Bounty Specific Thread:
https://bitcointalk.org/index.php?topic=2136830

The mine is located in Mexico, the name of the mine is "Belem"

Major bounty program launching next week. Stay Tuned!
https://bitcointalk.org/index.php?topic=2102941.0

We will have a partnership with banks in Europe allowing you to do a swap for your silver. You can either pick up your silver from our partner bank in Switzerland or request shipping services for a fee.

If you read the document you can clearly see that the lawsuit was not filed against us or anybody in our party. Please see my previous reply for more information.

Further, the ethereum.link token you reference trades as a fee earning share of a trading platform that involves silver and is not a silver backed currency. Again, please see my previous post on this topic.

This is indeed a valid concern, please note that this complaint was not against us or our mine or anyone involved with the SLVR project. A third party broker contracted us to sell the silver and acted outside of their authority, as well as US law, by offering a securitized purchase agreement with certain capital guarantees that they were unable to fulfill.

The Dorosa mine was simply engaged in an agreement with the broker to provide a portion of the mines concession rights in exchange for capital, all illegal activities were related to the brokers operations and sales practices.

For this exact reason we aim to bring our silver sales mechanism in house and on chain to provide for transparent issuance, sales and auditing.

The reason we do not allow US citizens to invest is simply because an offering such as ours is surrounded by nebulous legal requirements in the United States. We believe SLVR, and decentralized finance in general, can offer the most value to asian investors. 

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.

One token is pegged to estimate 10 dollars, right now that is about 0.0333 ETHER. A pricing estimator can be found at ico.slvrmine.com

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• 3 Million SLVR available via Ethereum ICO
• ICO price pegged to an oracle that estimates $10 worth of Ether
• 1 SLVR redeemable for 1 ounce of Silver
• Initial Float of 7 Million tokens
• New SLVR minting restricted for 5 years, until reserves are >100% outstanding SLVR

At SLVR we are creating a nexus between the silver commodities market and the blockchain, in order to facilitate the future of decentralized, peer-to-peer finance. We are issuing an ERC20 Token backed by the certified reserves in our operational silver mine located in the Sultepec Mining District in Mexico City. Each SLVR token issued will be backed by, and redeemable for, 1 ounce of silver stored in a secure vault as it is mined and refined.

By selling a tokenized crypto-asset for the pre-mined silver we are able to raise capital to fully optimize the mine, allowing for more efficient extraction, thus enabling us to achieve 100% reserves much more quickly. Additionally, we will be able to build out an infrastructure of web and blockchain services to support the redeem-ability and liquidity of this new blockchain silver market. By inspecting our technical paper, one can see our estimated capitalization over time, which puts us on track to have 100% reserves (7 million ounces of silver) within 6 years using conservative estimates which do not account for optimizations likely to result from raising fund on the front end. Not only does this model allow us to raise funds up front, but it also allows participants to invest in an immediately liquid, transferable, uncensorable representation of real silver at a steep discount to the spot price.

To reflect the pre-mined nature of our silver and to facilitate a more rapid round of fund raising, we are offering 1 SLVR token redeemable for 1 ounce of silver for approximately 10 dollars worth of ether. This price is set by an oracle contract that averages the ETHUSD exchange rate, actual price may vary at the time of purchase. The entire ICO and Token mechanism can be audited via our github.

Our Vision

Our vision is to create a liquid, disintermediated, global silver market on the ethereum blockchain. This would liberate the precious metals market from middle-men and allow for low cost trading, transfers, and storage of silver. Our token allows blockchain users to hedge or expose their digital wealth against silver (a store of value for millennia) while maintaining the freedom and autonomy that a blockchain asset provides. We believe our token is the first and only truly global, decentralized and un-censorable silver asset.

We imagine a future that incorporates all of the traditional financial system mechanisms on the blockchain, and SLVR is the beginning of this vision. SLVR allows for silver traders to settle complex financial transaction against the silver market while remaining entirely on the blockchain and thus decentralized. Our technical vision, beyond a silver backed token, is a suite of Smart Securities which users can deploy individually to implement previously complex financial transaction in a peer-to-peer manner. For example, an open source smart contract that implements the logic for quarterly silver futures contract can be deployed by a SLVR holder and directly agreed upon by another party without an intermediate exchange or clearing houses, this contract can then be arbitrated according to the "Code is Law." ethos and ultimately settled to SLVR tokens.

Our long-term goal is to provide our token users with the tools for financial liberation and autonomy.

• September 9: ICO ends
• Nov 4: Scale up of silver mine production
• Jan 4: Delivery of silver into secure vaults
• Jan 4: Launch of SLVR redemption system
• April 1: SLVR Smart Securities Beta

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