2.1.2 Silver Coins for Distribution to Initial Stakeholders
Based on community consensus, physical silver coins will be minted and distributed
to initial NEM stakeholders .
The silver coins shall be distributed as an asset (colored coin), effectively giving all
initial stakeholders a parallel, silver-backed digital currency that shall reside on the
NEM blockchain. To claim one physical silver coin, one whole silver coin asset is
needed.
Note: The execution of the silver coin project is not guaranteed and will only proceed
providing that XEM market cap and liquidity are sufficient to cover the expenses with
the allocated stakes. If this condition is met, all initial stakeholders will be issued
their silver coin asset. If the allocated stakes do not reach a high enough value to
fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is
released, the complete fund will be transferred to the community fund. "A high
enough value" can not be exactly fixed at this time, but to get a feeling: it is
estimated that the fund should reach at least USD 260,000 to be successful.
There are 211,885,446.63 XEM in the Silver Coins for Distribution to Stakeholders - - Dev-Fund
Even at today's price that is worth approx $7.5M (more than the $260K noted above).
If this was distributed to the original stake holders, they would get a few thousand dollars worth of coins each.
Creating sliver coins with NEM logo on it will probably push price up. Maybe foundation can even create XEM silver coins with QR code worthing some
amount of NEM.
Similiar like https://casascius.com/
Regards