[ANN][ICO] SLVR: The First ERC20 Token Backed by Silver!

[r_victory]

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.

[SLVRMINE]

Bounty Program is now Live!!!!!!!

Major Payouts Offered: --> https://bitcointalk.org/index.php?topic=2136830

Bounty Specific Thread:
https://bitcointalk.org/index.php?topic=2136830

[theblack_cat]

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

SLVRMINE || Github || WhitePaper || Technical Paper || Slack

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

SLVRMINE || Github || WhitePaper || Technical Paper || Slack

This should be placed at the beginning so that more clearly or so it is easier to understand from this project. And if the project is carried out with a nice and attractive concept

[kalich]

You really need a good website designer =)

[cengsuwuei]

why bounty programe not post in bounties section
sugestion for you, post in bounties section, and use bounty campaign manager

[RobDScott]

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

[_jk_]

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...

[Headsam]

I like the idea.

[aikklond]

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.

[poer]

join pastisipation 

promote https://medium.com/@adipurnama83/slvr-a-revolution-in-financial-technology-daa673759034

[Blazin8888]

It's something considerably new in the world of blockchain to connect silver with the blockchain technology. Observe, what it will be.

[RobDScott]

It's something considerably new in the world of blockchain to connect silver with the blockchain technology. Observe, what it will be.

Thank you for the kind words. We feel its a solid project. Having a crypto backed by silver gives a level of security.

Cheers,

-Robert COO

[dwminer1]

Polish translation available here

[namorthesu]

Don't remember some same projects in the cryptomarket. If everything as you promise true, this project is really good for investment in it.

[ashmodeus]

It's something considerably new in the world of blockchain to connect silver with the blockchain technology. Observe, what it will be.

in my opinion, it's like expanding the silver market to blockchain
they say "we are offering 1 SLVR token redeemable for 1 ounce of silver for approximately 10 dollars worth of ether"
so if we have 1 SLVR that same with 1 ounce silver right ?

[cryptovn83]

Is this typo? Only 1 week remain? in website say 24 days

INITIAL COIN OFFERING ENDS: September 9, 2017 11:59:59 pm

[dwminer1]

From your whitepaper:
"The daily production will be approximately 600 tons and shall
be increased by the end of 2017 to approximately 1000 tons per day."

Is it a mistake?

[RobDScott]

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...

Hello Sir,
It is ok to be skeptical and you should. In this crypto currency fever right now there are alot of fluff ICOs. I can assure you that we are not one of them. I will tackle your reservations one by one. The first of course we will hold the silver in banks or equivalent to one that will be verifiable by accounting firm that the silver is there. If enough Token holders do not like where its being held we can switch locations. First vaults will be Mexico and Switzerland. Your opinion that its lame to claim that its a revoltionary project. Sorry you feel this way, i guess we are a little too excited that we have a silver producing mine coming on the blockchain. Hasnt been done before. Other companies with similiar products or service that are better than us?? Really where? We are selling our Token for $10 thats backed by 1 oz of silver. Thats pretty good to me. I hope I answered your questions satisfactorly.

Cheers,

Robert
COO

[Olivious]

Looks good to me, but some members of the community wants to answer their questions, if you can prove that you are trusted, more people will participate in the campaign as well as the project.

[glasbren]

Very interesting project of silver mining. but unfortunately its ico on 9 september is over.
how much fund has been collected?
hopefully achieved maximum target of the ICO.