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Author Topic: Silvering (SLVG) (from june +50%) holding program  (Read 1697 times)
AltcoinNForum
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June 03, 2020, 06:44:10 AM
Last edit: October 21, 2020, 07:32:12 PM by AltcoinNForum
 #1

Silvering (SLVG)




The market value of the Silvering token (SLVG) may vary on a daily basis, depending on the international price of silver.

The growth in demand for silver in many sectors, such as, medicine, solar energy, tech has created liquidity in the silver market.

The Silvering token (SLVG) provides purchasing power, stability and a shield against inflation or hyperinflation. It is a portable, divisible, tangible, and enduring store of value.

Silvering token is a secure and transparent investment.


SILVERING TOKEN (SLVG)
ERC20 token

Contract address

https://etherscan.io/token/0x7EF55A013D0632c24955553367C8D5Cc082ddBfF

Total supply: 6220695.32 SLVG

Circulation supply: 43544.86752 SLVG

Each Silvering token in circulation supply has 100% real silver coverage!

1 SLVG = 0.5 g .9999 purity silver

62.2069536 SLVG = 1 oz .9999 purity silver

SAFE INVESTMENT
Silvering makes buyback offer every day 5% from all circulation supply of SLVG on daily currency basis.

Selling price: daily silver currency +5% fee

Buying price: daily silver currency -5% fee

Exchange Partner: MercuriEX

SLVG / USDT

https://mercuriex.com/trade/#pair=slvg.usdt

SLVG / TUSD

https://mercuriex.com/trade/#pair=slvg.tusd

NEW !!!

SLVG / BTC

https://mercuriex.com/trade/#pair=slvg.btc


SLVG holding program on MercuriEx

Hold minimum 251 SLVG in your MercuriEx account until 31.01.2021. and you will receive an additional 25 SLVG to your account.





Silvering token (SLVG) was listed on TRUST Wallet.

(official cryptocurrency wallet of Binance)

https://trustwallet.com/



Silvering token (SLVG) was listed on MEW Wallet

https://www.myetherwallet.com/

Silvering token (SLVG) was listed on GoinGecko

https://www.coingecko.com/en/coins/silvering


Physically backed and safely stored silver in a high-security storage facility in Switzerland.

100% insured.


Only with silver cover is it possible for any Silvering token to appear in the circulation supply.


NEW!!!

Redeem your SLVG tokens for .999 1 oz silver coin!

Prices:

1 oz silver coin = 62.2069536 SLVG + 19.99 SLVG handling charges

Delivery fees (worldwide)

1-5 silver coins = 99 SLVG

6-10 silver coins = 180 SLVG


Silver Coins from Austria, Canada, Australia (all .999 purity and 1 oz)

https://www.silvering.biz/Redeem-SLVG-for-Silver-Coin.php




Silvering Precious Metals LLC
2232 Dell Range Blvd. Suite 245 Cheyenne, WY 82009
USA

email: office@silvering.biz

https://www.silvering.biz/

http://buysilvering.com/


Silvering Precious Metals LLC

Central Europe Branch Office

Gumpendorfer Str 142

1060, Vienna, Austria

Phone: +43 720 775 378

vienna@silvering.biz


Social channels:

Telegram
https://t.me/silveringnews

Reddit
https://www.reddit.com/user/Silveringtoken

Medium
https://medium.com/@silveringtoken
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June 03, 2020, 12:25:04 PM
Merited by serjent05 (1)
 #2

It was gold backed cryptocurrency and now silver backed cryptocurrency. What's next? Diamond backed cryptocurrency, ruby backed cryptocurrency, and so go on of every valuable mineral, yes? Unless there are trusted bank to audit and verify your whatever-asset-backed cryptocurrency, this is going to become slate very fast.

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June 03, 2020, 12:41:56 PM
 #3

Someone needs to remind the fellow that he or she created this OP in the wrong section, this belongs in the Altcoin ANN section, find that and move please? Thank you and you claimed this is backed by real silver? Any way to proof this will be more appreciated.
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June 03, 2020, 12:52:49 PM
 #4

The market value of the Silvering token (SLVG) may vary on a daily basis, depending on the international price of silver.

Why would anyone buy a token that is backed by silver and not silver itself? By not holding the silver you only risk that from some reason you will never get your silver delivered for your token. Cryptocurrencies are meant to secure digital asset and not something like silver.

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June 03, 2020, 01:11:33 PM
 #5

I really like the idea, but the problem is with the credibility. We already seen many attempts to create gold-backed tokens, but all of them ended as a scam. The only trusted gold-backed coin seems to be PAX-gold.


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June 03, 2020, 01:15:11 PM
 #6

So are people just supposed to trust that you actually have the silver you say in your vaults?

Do you have any third-party audits that can add some credibility to your claims? The vast majority of other pegged-tokens have some way for holders to verify what is in the company's reserves—yours doesn't...

Even Tether Gold has a live update page showing the gold in reserves, and Tether is as sketchy as they come.

Also, any information about who your team is? In particular your executive team?

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June 03, 2020, 01:25:09 PM
 #7

It's hard (near impossible) to know how much gold the US government really have, so how we should know how many silver/gold/coffee have a cryptocoin is backed up? Grin
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June 03, 2020, 01:26:44 PM
 #8

Silver is one of a few precious metals that quite in demand in our time, just like Gold and for me it is nothing wrong to create a Stablecoin that was back by silver as long as it was proven that each token that was minted is truly back with silver, Just like Gold Storage was doing they are provided accessible and verifiable data 24/7 in Bulleonstar Vault base in Singapore. transparency is the key to erase all those doubts about the project.

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June 03, 2020, 01:27:50 PM
 #9

I really like the idea, but the problem is with the credibility. We already seen many attempts to create gold-backed tokens, but all of them ended as a scam. The only trusted gold-backed coin seems to be PAX-gold.
There was also another problem too when it comes to the how many silver that owned by him. There are so many projects were creating a fake token and they didn't have something in their wallet.

There must not be a lot of tokens backed by a commodity.

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June 03, 2020, 01:56:30 PM
 #10

I think this thread should be on Token Altcoins can I ask if you are member or part of the team? You should posted it there as we can see on the content of your post.

Im not sure avout being backed by silver, before there is gold tokens now silver? Maybe later we could see nickel and copper backed tokens. I am not after the specifics of commodity here but what is the use case of this token aside from imitating the back up idea of gold?
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June 03, 2020, 02:29:29 PM
 #11

If this is an official announcement of their project, then this is done in poor taste, first it should be in the altcoin announcement section second  a professional designer should create one for the project to make it look professional since this is investment project and you want to invite investors to invest, I don't like the features and plan it's more of a Ponzi scheme.



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Rainbot
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June 03, 2020, 02:41:54 PM
 #12

Not in altcoin announcement but it should be on Investor based profit as it's clearly a ponzi. I can't verify whether it has auto executing smart contract or not, Buying back 5% everyday for a stable coin project is not possible. If it's on a smart contract, it might work for some time till there are buyers on the exchange but would stop when there are not enough.

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June 03, 2020, 02:51:31 PM
 #13

Silvering looks like a scam, just from glancing at the numbers
If you're really looking at a legitimate business that does silver backed crypto I recommend lode.one


It's a project using silver backed tokens that is leveraging the Syscoin blockchain that has one of the most active dev teams around.

It's called lode.one and it has technology to do instant Point of sale transactions and lots of them. In fact people have actually used it before IRL.

It's only a matter of time before it actually starts working.
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June 03, 2020, 02:51:59 PM
 #14

The market value of the Silvering token (SLVG) may vary on a daily basis, depending on the international price of silver.

Why would anyone buy a token that is backed by silver and not silver itself? By not holding the silver you only risk that from some reason you will never get your silver delivered for your token. Cryptocurrencies are meant to secure digital asset and not something like silver.

Not just that, it can easily be abused if there is no easy way to verify that the silver actually exists. Beside, the silver isn't supposed to be held in one centralized location in ideal crypto world... (plus the custodial problem in crypto). Another big problem is that many of such projects are likely not well decentralized.
These are part of the reasons I am skeptical about lots of the assets backed cryptos. It shouldn't  be too challenging to create really good physical asset backed ones





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June 03, 2020, 06:14:12 PM
 #15

I really like the idea, but the problem is with the credibility. We already seen many attempts to create gold-backed tokens, but all of them ended as a scam. The only trusted gold-backed coin seems to be PAX-gold.

Please see the circulation supply.
Only covered can be in crculation. Therefore there is a buying back from the first moment.

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June 03, 2020, 06:19:34 PM
 #16

Where is the proof the token was backup by a silver?

Now the question, how if we know the project ended with a scam and we can convert the token to silver by my self without using your project or company since the project its turned a scam. Take some example from "DIGITAL GOLD" they have a backup from the vault, and for the circulation, you should be creating the current circulation according to the backup asset.

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June 03, 2020, 06:22:01 PM
 #17

The market value of the Silvering token (SLVG) may vary on a daily basis, depending on the international price of silver.

Why would anyone buy a token that is backed by silver and not silver itself? By not holding the silver you only risk that from some reason you will never get your silver delivered for your token. Cryptocurrencies are meant to secure digital asset and not something like silver.

Trading is done with TUSD and USDT (also ERC20 tokens). Tradition collateral to guarantee buying back is silver (pegged currency).
There is a buying back from the first minute and constantly.
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June 03, 2020, 06:31:05 PM
 #18

So are people just supposed to trust that you actually have the silver you say in your vaults?

Do you have any third-party audits that can add some credibility to your claims? The vast majority of other pegged-tokens have some way for holders to verify what is in the company's reserves—yours doesn't...

Even Tether Gold has a live update page showing the gold in reserves, and Tether is as sketchy as they come.

Also, any information about who your team is? In particular your executive team?


All legal informations are on the website.


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June 03, 2020, 06:35:22 PM
 #19

So are people just supposed to trust that you actually have the silver you say in your vaults?

Do you have any third-party audits that can add some credibility to your claims? The vast majority of other pegged-tokens have some way for holders to verify what is in the company's reserves—yours doesn't...

Even Tether Gold has a live update page showing the gold in reserves, and Tether is as sketchy as they come.

Also, any information about who your team is? In particular your executive team?


All legal informations are on the website.




We're not interested in legal information.

We want audits and evidence.

If you're going to ask people to invest in and hold your silver-pegged stablecoin, you're going to need to give us all the assurance that you're actually legitimate.

I also kind find anything about your business model on your site... How does your company make money? Are you going to lend out investor money just like Tether does?

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June 03, 2020, 06:43:23 PM
 #20

It's going to be a problem for people to trust this project, many new projects claiming Gold backed tokens end up scamming many investors, the fact is no single of these coins are really backed by real Gold. You want people to trust you then you will need to tender some proof

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