AltcoinNForum (OP)
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June 03, 2020, 06:45:55 PM |
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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
Sorry, but it is not a gold backed token. it is silver  And please see all information on website. Buying back from first monent on exchange. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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June 03, 2020, 07:40:52 PM |
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I am sorry but there is a very clear reason why there could never be a currency that was backed by any real commodity that is physical. Many people tried to do this with gold, and I mean MANY people tried it, seen hundreds of crypto that was pegged to gold. Do you wanna know what happened to them? They all failed to peg the price of it to the commodity. Because, you can't just digitally send gold to anyone neither can you do it for silver.
USDT works because you can send dollars to anyone all around the world, everyone has that power, but you can't do the same with gold or silver. Hence this will fail as well, not going to go anywhere but down because it never worked out and there is no way for it to work neither. Hopefully it will not eat to much money from the investors.
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AltcoinNForum (OP)
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June 03, 2020, 08:05:04 PM |
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I am sorry but there is a very clear reason why there could never be a currency that was backed by any real commodity that is physical. Many people tried to do this with gold, and I mean MANY people tried it, seen hundreds of crypto that was pegged to gold. Do you wanna know what happened to them? They all failed to peg the price of it to the commodity. Because, you can't just digitally send gold to anyone neither can you do it for silver.
USDT works because you can send dollars to anyone all around the world, everyone has that power, but you can't do the same with gold or silver. Hence this will fail as well, not going to go anywhere but down because it never worked out and there is no way for it to work neither. Hopefully it will not eat to much money from the investors.
Silvering is not pegged to gold. If you read all informations, then you can see there is no ICO, Presale, etc, so Silvering will not "eat" money from investors. Internal investors and team finance project and start trading. From first moment there is a buying back of tokens, so Sivering will not "eat" money of traders |
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AltcoinNForum (OP)
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June 04, 2020, 07:21:53 AM |
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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? The business model is clearly described: There is a deifference between the selling and buying currency rate, so the revenue comes from the difference between the two. Only covered SLVG can be part of circulation supply. |
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Vitalicus
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DIA | Data infrastructure for DeFi
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June 04, 2020, 07:37:57 AM |
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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? Yup! Investors and traders are not too fool to believe immediately in words that given by the team! Even in normal businesses, they have to invite a third-party to audit their accounting ledgers and prove it to the investors. We all know that cryptocurrency market has a lot of risks of being scammed than other markets. Therefore, we need what we need to believe in anything new! |
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Ken_terrance
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Making Smart Money Work
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June 04, 2020, 08:01:54 AM |
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To me all this are just words, crypto investors are smart more than just believing in words, Gold backed tokens did lots of damages to investors in the past, the HYPE and FOMO of gold backed tokens got the good, this is Silver backed right? I get it but without enough proof forget it.
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AltcoinNForum (OP)
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June 04, 2020, 08:13:29 AM |
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To me all this are just words, crypto investors are smart more than just believing in words, Gold backed tokens did lots of damages to investors in the past, the HYPE and FOMO of gold backed tokens got the good, this is Silver backed right? I get it but without enough proof forget it.
It is not only believing in words. Next days, weeks, you can monitor the project and make sure of its seriousness and transparency. |
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AltcoinNForum (OP)
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Activity: 156
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June 04, 2020, 08:21:10 AM |
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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? Yup! Investors and traders are not too fool to believe immediately in words that given by the team! Even in normal businesses, they have to invite a third-party to audit their accounting ledgers and prove it to the investors. We all know that cryptocurrency market has a lot of risks of being scammed than other markets. Therefore, we need what we need to believe in anything new! I sugest to monitor project in a future. |
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Winscosinally
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June 05, 2020, 08:54:39 AM |
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It's token for Christ sake and yes it will support those two wallets you talked about, there is nothing big here than HYPE after HYPE, can you at least please try to earn people's trust by revealing how this silver token is really backed by real silvers  |
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AltcoinNForum (OP)
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June 05, 2020, 08:58:53 AM |
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It's token for Christ sake and yes it will support those two wallets you talked about, there is nothing big here than HYPE after HYPE, can you at least please try to earn people's trust by revealing how this silver token is really backed by real silvers It is not a hype, it is a little starting project and you can see all clear details about project, company, contacts and exchange partner. |
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Febo
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June 05, 2020, 01:05:31 PM |
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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.
It is not that they ended a scam. I see many projects still exist. But why risk it? Just anything can happen. Their office can get robbed. They somehow get in debt and all gold gets taken by police t repay debtors. There can be an earthquake and eats all the gold. Why on earth would anyone risk to rather hold a token backed with gold then gold itself. It is just an extremely dumb use case. |
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AltcoinNForum (OP)
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June 05, 2020, 05:42:40 PM |
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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.
It is not that they ended a scam. I see many projects still exist. But why risk it? Just anything can happen. Their office can get robbed. They somehow get in debt and all gold gets taken by police t repay debtors. There can be an earthquake and eats all the gold. Why on earth would anyone risk to rather hold a token backed with gold then gold itself. It is just an extremely dumb use case. Every project shows its true value or worthlessness in its operation. |
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AltcoinNForum (OP)
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June 06, 2020, 08:15:10 AM |
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NEW!!! Redeem your SLVG token for .999 1 oz silver coins! Prices: 1 oz silver coin = 62.2069536 SLVG + 10 SLVG handling charges Delivery fees (worldwide) 1-5 silver coins = 99 SLVG 6-10 silver coins = 180 SLVG Silver Coins from Europe (all .999 purity and 1 oz https://www.silvering.biz/Redeem-SLVG-for-Silver-Coin.php |
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Shallow
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SmartFi - EARN, LEND & TRADE
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June 06, 2020, 09:01:58 AM |
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Actually the problem isn't creating a sliver backed cryptocurrency but the problem is how credible will the project be and will the team actually live up to expectations?. There have been many gold backed cryptocurrencies wherein a good number of them all ended up scamming their investors. Now with this, people will always ask themselves, why not going for the sliver itself then risking your money in a project which might not see the light of the day. Nevertheless, I will visit the links to know what the team intend to do differently which most gold backed project teams failed to do.
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AltcoinNForum (OP)
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June 06, 2020, 09:15:29 AM |
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Actually the problem isn't creating a sliver backed cryptocurrency but the problem is how credible will the project be and will the team actually live up to expectations?. There have been many gold backed cryptocurrencies wherein a good number of them all ended up scamming their investors. Now with this, people will always ask themselves, why not going for the sliver itself then risking your money in a project which might not see the light of the day. Nevertheless, I will visit the links to know what the team intend to do differently which most gold backed project teams failed to do.
1. Silvering project every day buying back SLVG on MercuriEx exchange. 2. Now SLVG tokens can be redeemed to 1 oz silver coins (it is optional, trader decision |
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AltcoinNForum (OP)
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June 06, 2020, 02:26:42 PM |
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kensaii
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June 06, 2020, 02:37:40 PM |
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You should work on how to gain trust in your project by simply go and apply any paper or documentary to prove that your cryptocurrency was actually backup by the real sliver. This is the first step to ensure investors that you're a legit business and what's you said is true. That is nothing too fancy or too hard, right?
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