Topic: [ANN][ICO] SLVR: The First ERC20 Token Backed by Silver! - page 5. (Read 6279 times)
It's something considerably new in the world of blockchain to connect silver with the blockchain technology. Observe, what it will be.
join pastisipation 
promote https://medium.com/@adipurnama83/slvr-a-revolution-in-financial-technology-daa673759034
promote https://medium.com/@adipurnama83/slvr-a-revolution-in-financial-technology-daa673759034
A quality bounty manager. A beautiful and different project. I will definitely attend the signing campaign. next week. I can participate in the hopeful social media campaign. achievements. I'm following. 
I like the idea.
I am all about connecting crypto with valuable assets in the real world but this project seems fishy... Not enough facts, for example "silver will be stored by a third party". Third party can be anyone, is it a trustworthy company? For example Xaurum (www.xaurumfoundation.com) stores gold in Loomis International. http://www.loomis-international.com/ And also presenting the model as something very revolutionary it is kinda lame. Some similar and better coins are available for already a year or two...
why bounty programe not post in bounties section
sugestion for you, post in bounties section, and use bounty campaign manager
Wow so new at this. I will post in there. So new at this didnt know there was one. Thank you so much sugestion for you, post in bounties section, and use bounty campaign manager
why bounty programe not post in bounties section
sugestion for you, post in bounties section, and use bounty campaign manager
sugestion for you, post in bounties section, and use bounty campaign manager
You really need a good website designer =)
SLVR: A Revolution in Financial Technology
INITIAL COIN OFFERING ENDS: September 9, 2017 11:59:59 pm
ICO is Live Now! - ico.slvrmine.com - Instant 60% ROI
- 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.
Roadmap
- 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
Investments in the mine to date
The Team
Bounty Program is now Live!!!!!!!
Major Payouts Offered: --> https://bitcointalksearch.org/topic/bounty200k-ico-slvr-the-first-erc20-token-backed-by-silver-2136830
Bounty Specific Thread:
https://bitcointalksearch.org/topic/bounty200k-ico-slvr-the-first-erc20-token-backed-by-silver-2136830
Major Payouts Offered: --> https://bitcointalksearch.org/topic/bounty200k-ico-slvr-the-first-erc20-token-backed-by-silver-2136830
Bounty Specific Thread:
https://bitcointalksearch.org/topic/bounty200k-ico-slvr-the-first-erc20-token-backed-by-silver-2136830
The mine is in Belem (Brasil)? Because in your site has the same video but like it was in Mexico?
The mine is located in Mexico, the name of the mine is "Belem"
Thank you for your explanation,i was thinking it was the name of a city. i'll be watching your project.
The mine is in Belem (Brasil)? Because in your site has the same video but like it was in Mexico?
http://i.imgur.com/OHUJGIC.png
The mine is located in Mexico, the name of the mine is "Belem"
The mine is in Belem (Brasil)? Because in your site has the same video but like it was in Mexico?
awesome project, pls do share your bounty plan
Major bounty program launching next week. Stay Tuned!
https://bitcointalksearch.org/topic/annbounty-campaign-17000-usd-bounty-for-slvr-token-2102941
You think a cryptographic community takes things at face value? Because we're blinded by potential profit? I've bitcoins dude!! What the hell would I want your silver shitcoin for?? Go sell it to Goldman Sachs, they like silver.
Welcome to Bitcointalk.
If only that was true
i think the Zero coin has provided more than enough evidence to the contrary Well, I was going to say this looked very dodgy indeed, and that you would need to provide a lot more information if you are going to convince anyone but the noobs on this forum that this is legit.
But then I remembered that Google is my friend, so I did a little "digging" of my own, if you'll pardon the pun.
So... Anyone want to invest in a silver mine that has already been the subject of an investment scam? Not me, that's for sure.
I'll just leave this here: https://www.sec.gov/litigation/complaints/2017/comp23903.pdf
No wonder these fucks don't want US investors.
I'll be doing some more digging on these conmen, with their dodgy blurred photos, and their carefully worded T&C's full of legalese and get-out clauses. You can be sure I'll be reporting them to the relevant authorities, as I do for all scammers.
But then I remembered that Google is my friend, so I did a little "digging" of my own, if you'll pardon the pun.
So... Anyone want to invest in a silver mine that has already been the subject of an investment scam? Not me, that's for sure.
I'll just leave this here: https://www.sec.gov/litigation/complaints/2017/comp23903.pdf
No wonder these fucks don't want US investors.
I'll be doing some more digging on these conmen, with their dodgy blurred photos, and their carefully worded T&C's full of legalese and get-out clauses. You can be sure I'll be reporting them to the relevant authorities, as I do for all scammers.
Hi
Thanks for such
an important elaboration! I think your concern are totally valid. I was tried find out little a bit more information [ especially outstanding claim "already invested $$$ ]. But found nothing!
So asked Op about that.
But seems like he/she
didn't anything interesting into
my question?
Thanks!
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.
Dude, you ain't fooling anyone, which is why there have been no more posts. You say you're legit, and yet you choose to structure this "investment" exactly the same as the scam?
They offered a massive discount on spot price - So do you.
They invited investors to visit the mine - So do you.
They took 10% of the money as commission - You call it salary, as well as keeping 3 million coins.
They said the mine was unprofitable at the 2014 silver price - The price is now $5 lower than 2014.
Your T&C's give you the opportunity to claim the mine is unprofitable, and investors have no recourse if you do.
Nebulous legal requirements translates to - This mine is yet again seeking investments for an unregistered security, and the SEC would crush you for it.
So... I'll be checking you all out most thoroughly. We've seen countless commodity scams on this forum, some of them, like you, have had dealings with the rich and famous too. They come with their claims of partnerships, photos of themselves chilling with presidents and billionaire F1 sponsors, and when you dig around, you find that even the billionaires are wanted by the authorities in multiple countries for perpetrating massive scams, and have been arrested multiple times because of it.
You think a cryptographic community takes things at face value? Because we're blinded by potential profit? I've bitcoins dude!! What the hell would I want your silver shitcoin for?? Go sell it to Goldman Sachs, they like silver.
Welcome to Bitcointalk.
There is always a big dog in the room eh? The tough guy know it all attitude doesn't get really far I think. I encourage everyone to do their homework and study all ICOs before they invest. What I don't condone is the outlandish claims and insults to us and our integrity. My previous company was in the Armor Sector and I worked with Law Enforcement, Military and Special Forces. I'm the proud inventor with 2 patents under my belt for the invention of BulletProof Underwear. I have saved countless lives due to my design and had a 20,000 sq ft. factory with 100s of employees making all sorts of Tactical Gear around the world. I also designed a special breathable K9 vest that will keep dogs from over exhaustion and dying. Its currently being fielded by the USMC out of San Diego. I wouldn't get to where I am being a scammer! You can check my linkedin profile to know more of my previous endeavors. Before I started my Armour Company I was the first person to build a Platform selling Gold and silver connected to JP Morgans backend servers. I could go on and on my friend. Again all of this is not done by scamming and cheating. Nobody said you have to buy the tokens on this round. We are not finished with just this silver project and if you don't feel comfortable doing it then wait and see. There will be other chances. I understand your knee jerk reaction to this post but I encourage you to wait it out to see how wonderful it is and what a great service it will give the crypto community. Have a Blessed Day
So much ico this month, I think investors will be a bit saturated with the number of ico in the moment
And now I do not see investors there they also start ico too hastily no publication of no social media so where do people know about this project?
I think the team should think about this one and investors should be more careful with the project in a hurry.
You are 100% correct we might have come out prematurely before setting up the marketing and bounty program. Lesson learned. We are just Miners at the end of the day. In our defense we are currently working on the marketing portion and we have big money people already on board so we should get a nice shot in the arm next week and close out this ICO fairly quickly. Thank you for your criticism on our project we can only better ourselves from it.
Ooooor... and i'm just going out on a limb, you could just buy silver bullion with your ETH/BTC and skip the token entirely. Offering at 60% below spot sounds quite suspect, and I'd like to be wrong but can't fathom why a functioning mine would do something like this.
My gut says the ore for the proposed coins will never even materialize, much less actually be refined and minted. There's stronger ICO gambles that could net 60 percent returns that have a lot less spec and potential failure modes than this one.
My gut says the ore for the proposed coins will never even materialize, much less actually be refined and minted. There's stronger ICO gambles that could net 60 percent returns that have a lot less spec and potential failure modes than this one.
You went way out on the limb lol. Yes you are correct that you could buy bullion over spot price and if lucky buy at spot with some very undesirable bullion at the time of purchase. What we are offering is a digital token that is backed by silver. There are numerous reasons why our coin will be valuable, first being the ease of trade in and out of the metal and the other being the use in commerce. We will be rolling out a few other perks that we cant discuss right now. We will be doing press releases for that will better serve our clients. Please stay tuned. The reason why you cant fathom why we would sell silver at $10 is because you don't fully understand mining. We have a really big picture here that doesn't just encompass just 1 mine. I would love to tell you more but I just cant at this juncture. Please follow our progress and stay tuned for the next opportunities we are rolling out. You don't have to be married to this one if you are not comfortable. In time you will be. Cheers
So how can i redeem my ounces of silver if i live in Europe for example ? Will you send it to me via a shipping service and i must support the shipping costs ? I am curious how this processo works .
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.
Jump to: