Right now we do not hold any silver on behalf of a business or company.
Silver purchased with funds will not be held by us, but in custody in a vault near to the location of our provider, ticket, digital signatures and auditor certificate is publicy uploaded into the IPFS before adding its tokens.
Redeeming will be in-person inside one of our current locations which at first it will be one.
We are not selling silver, we are offering a 30% silver backed token that acts like shares receiving fee´s from silver trading among other contracts.
Linkedin will be updated soon in the website along with an interview with a marketing manager.
really? no silver currently?
so you want money in the form of ETH to purchase those silver bullion bars then?
Also you are offering a 30% silver backed token.
I thought it was a 100% backed silver token?
also: 1 ETH= 3 LNK tokens according to your announcement.
In your whitepaper it says:
Each LNK Silver Token represents 1g of Silver and is divisible to 0.01g. For every Card that is sent to the Minter Smart Contract, LNK
Silver tokens will be issued in return. For instance, a 100g Silver Card sent to theMinter Smart Contract returns 100 LNK Silver tokens to the user.So for 1 ETH, according to your whitepaper, if i choose to redeem my 3 LNK tokens, I would be getting 3 grams of silver.
Also, in which country will your first office be cause I don't want to have to pay for a flight just to take possession of my silver from you.
We basically do not need to have Silver at this point.
There are two tokens, LNK token the one being offered on ICO and the LNK silver token is different.
LNK silver token is a 100% silver backed token, that token can be bought by any user once that stage is completed, if you want 1 kg of silver you will need to choose the product from a catalog, it's SKU, following the remaining process you will receive the equivalent in LNK silver token, users will buy LNK Silver token to avoid the hassle of having physical silver themselves, it can be sold instantly for money via your computer or reedem it for the bullion.
The first location will be opened in the United States.