Author

Topic: Thoughts on SLVR ICO (Read 243 times)

hero member
Activity: 938
Merit: 500
September 12, 2017, 12:16:56 AM
#3
Hi,

What do you guys think about SLVR, I am going to write down the merits:

- bonus to the 50 largest token holders for a paid trip to Mexico. Hmm, I wonder if if this goes to from anywhere in the world.
- The daily production is 600 - 1000 tons per day
- The Belem Mine has 12,000,000 ounces in proven certified reserves

And from their WP, the verbatim language:

- "supply of SLVR is initially limited to 7 million tokens for 5 years, after which point and when the reserves are in excess of 100%, new SLVR can be minted by the team according to the amount of excess silver in reserve. The maximum supply of SLVR after 5 years will be 14 million, after 10 years the maximum supply will be 19 million. Finally, after 15 years the SLVR team will be able to mint and sell the remaining supply of SLVR up to 23 million."

I am super excited about this project, if any I am just worried about timeline and if someone who has knowledge about the management of this team, that will be super helpful.
this ico seems like silver link "scam ico" , backend by physical silver.
team make risk about

Quote
- bonus to the 50 largest token holders for a paid trip to Mexico. Hmm, I wonder if if this goes to from anywhere in the world.
- The daily production is 600 - 1000 tons per day
- The Belem Mine has 12,000,000 ounces in proven certified reserves
full member
Activity: 448
Merit: 103
September 12, 2017, 12:06:02 AM
#2
I also read that they will not issue more tokens for 5 years, is this normal? The idea is that they will only issue more tokens if the value of silver they mined already surpasses the value of existing tokens.

Is my understanding correct? Thanks!
full member
Activity: 448
Merit: 103
September 11, 2017, 02:00:28 AM
#1
Hi,

What do you guys think about SLVR, I am going to write down the merits:

- bonus to the 50 largest token holders for a paid trip to Mexico. Hmm, I wonder if if this goes to from anywhere in the world.
- The daily production is 600 - 1000 tons per day
- The Belem Mine has 12,000,000 ounces in proven certified reserves

And from their WP, the verbatim language:

- "supply of SLVR is initially limited to 7 million tokens for 5 years, after which point and when the reserves are in excess of 100%, new SLVR can be minted by the team according to the amount of excess silver in reserve. The maximum supply of SLVR after 5 years will be 14 million, after 10 years the maximum supply will be 19 million. Finally, after 15 years the SLVR team will be able to mint and sell the remaining supply of SLVR up to 23 million."

I am super excited about this project, if any I am just worried about timeline and if someone who has knowledge about the management of this team, that will be super helpful.
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