Silvertoken (SLVT) is a digital currency backed by silver, which utilizes the Ethereum blockchain, allowing users to purchase and transact with physical silver.
Each Silvertoken represents 1 troy ounce of 99.9% pure investment grade silver bullion.
Silvertoken is in a Master Vaulting Agreement with Strategic Wealth Preservation (SWP), a fully-integrated precious metals dealer and vaulting facility located in the Cayman Islands, to oversee the secure storage of the silver reserve for our community.
SWP is approved storage facility for precious metals held within self-directed Individual Retirement Accounts (IRAs) for American citizens, and also the approved distributor of the Royal Mint of England, Perth Mint of Australia and several LBMA and COMEX approved refineries.
Thus, Silvertoken has combined the store of value characteristics of silver with usability of Ethereum to create SLVT. Silvertoken is a vehicle to store wealth and protect present value from future devaluation.
All SLVT tokens are fully redeemable for the silver they represent.