Topic: [ANN][ICO] SLVR: The First ERC20 Token Backed by Silver! - page 6. (Read 6273 times)
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 .
awesome project, pls do share your bounty plan
Thank you so much for your kind words. We are thinking about doing some type of bounty plan. The problem we have is each token is worth $17 right now with the spot price of silver. Normally tokens are less valuable when there is a bounty given. What do you think about this? If a person proved that they posted SLVR on Facebook, IG, Steemit or Reddit and a Forum so basically 4 different social media platforms and we gave a bounty for one SLVR token. Is that fair? Just curious.
Why not doing some research before claiming something? You are not the first token backed by silver, it's the ethereum link which is now trading.
Why not answering all the allegations posted against you with clearer proof that will clear the controversy?
Why not answering all the allegations posted against you with clearer proof that will clear the controversy?
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 project is very promising and I hope this will become mega project in future.
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.
they should start with marketing if the want to get some attention, why they did not use any bounty to start? anyway project everywhere....
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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.
So much ico this month, I think investors will be a bit saturated with the number of ico in the moment
We just need to be very careful on which project/s we are investing with.
So much ICOs everyday, that you don't know who's legit or not.
Like this one, NewWorldCoiner has valid points.
And I think, this one is not as good as it seems. Just my opinion though.
So much ico this month, I think investors will be a bit saturated with the number of ico in the moment
So much ico this month, I think investors will be a bit saturated with the number of ico in the moment
There is already project that have tokens backed by silver gold before and I believe I saw bronze somewhere on the internet not on this forum tho . But we can not say that a project is fail just because it have same plan or same concept like another one . Lets be honest here most ICO this days are just same ideas but explained in different ways . How many decentralized exchange project we had in the last 2 months 
. They all can be successful .
. They all can be successful . 
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
why do we prefer this silver coin? i didn't understand anything.
I think silver should be backed by cryptocurrencies now a days, hace you seen the recent downtrend?, Crypto rules now
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Why not doing some research before claiming something? You are not the first token backed by silver, it's the ethereum link which is now trading.
Why not answering all the allegations posted against you with clearer proof that will clear the controversy?
Why not answering all the allegations posted against you with clearer proof that will clear the controversy?
Yesterday there was a new announcement Token Back by Gold, now its silver.
Expect Token back by Bronze tomorrow.
Expect Token back by Bronze tomorrow.
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.
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.
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!
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.
Jump to: