SLVR - The First Digital Token Supported by a Silver Mine

We, M. Mobarak and Robert D. Scott, present SLVR, a digital currency soon to be supported by a silver producing mine in one of the richest world deposits located in the famous Sultepec Mining District outside of Mexico City, Mexico. Originating in the sixteenth century, this mining facility has boasted rich deposits for centuries. We control over 4,892 acres of mining concessions, known as the Compro Suoro Silver and Gold Project. Our management team has spent approximately $28,000,000 USD to render this mine operational and further capital to make SLVR the first digital token supported by a producing silver mine.

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  • VISION

    Over the years we have focused our vision on the kind of company we aspire to be. Although markets fluctuate, our vision remains clear and steady. Our objective is to be a profitable leader in mining development while simultaneously producing value for our clients and token holders. We will consistently produce projects of lasting value. We recognize the need to be flexible, entrepreneurial, and aggressive, both as individuals and as an organization.  For these reasons, we have created our digital SLVR token supported by the rich deposits we extract from the ground. A digital token supported by a proven commodity for millennia, SILVER. This precious metal provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar unit of value (Silver by the grain). The innovation of blockchain is an auditable and cryptographically secured global ledger. Asset supported token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile assets. In order to maintain accountability and to ensure stability in an exchange price, we propose a method to maintain a one to one reserve ratio between a cryptocurrency token, called SLVR, and its associated real world asset, Silver, once produced from the mine. This method uses the Ethereum blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully supported and reserved at all times.

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    ROADMAP

    OUR TOKEN

    What is SLVR Coin?


    SLVR is defined as an ERC20 compliant token implemented using the Human Standard by consensys. There will be a UNLIMITED supply of tokens since the silver producing mines will be extracting silver for the next 100 years. The first phase (10 years) will have 8,312,500,000 billion Tokens. SLVR is divisible up to six decimals. Additional features include a public variable, currentFloat, which tracks the total SLVR in existence and functions allowing the SLVR management team to mint new SLVR tokens as more silver is mined and the reserves in the physical vault increase. Note, the totalSuppy variable reflects the maximum supply that can be minted by the SLVR team while currentFloat represents the amount of SLVR tokens minted and redeemable for physical silver. The total supply of SLVR is initially 3,062,500,000 billion tokens and is raised according to a preset schedule described in section 4. We suggest that a single token be called a “SLVR”. We also define the ticker symbol as “SLVR” to represent one grain of actual silver exiting the mine. You can purchase tokens directly and at a fixed price via Ethereum and Bitcoin. The initial crowdfund will offer 1,750,000,000 billion tokens, another 1,312,500,000 billion will be minted and reserved by the SLVR management team as milestones are achieved. This allocates the first 3,062,500,000 billion grains of silver from the mine to be reserved to back the outstanding SLVR tokens before anymore SLVR can be minted. After the initial supply is fully secured by extracted silver, new silver emissions from the mine will be available for purchase in the form of SLVR via our exchange. The full contract code and explanation can be reviewed at: https://github.com/AaronJaramillo/SLVR

    SLVR LEGAL AND COMPLIANCE

    The SLVR ICO will take place on the Ethereum network. The first step to participate in the crowdfund is to go to the document on our home page that states “BUY SLVR TOKEN.” There is a step-by-step process to help you get involved. Please read the “Terms and Conditions” portion because it pertains to your SLVR purchase and has valuable information. We will require an AML (Anti Money Laundering) form filed out as well as a KYC (Know Your Client) form to ensure that we are doing our due diligence in who is participating in the ICO. SLVR will adhere to all government laws and restrictions to individuals in every part of the world.

    Token sale terms

    • Name:SLVR
    • Fixed Limit:30,0000,000 USD
    • Soft Cap:30,0000 USD
    • Currency:ETH, BTC, XRP
    • Min Purchase:0.1 ETH / 250 SLVR
    • Starts:November 9(9:00 AM)
    • Ends:February 28 (11:59 PM)
    BUY TOKENS NOW -25% OFF

    Foundation distribution

    Token distribution

    Executive Team

    Martin Mobarak

    CEO Co-Founder

    Robert

    COO Co-Founder

    Omar Mobarak

    CFO

    Jesus Martin Mobarak

    Metallurgy Engineer

    Imran Rahman

    Solutions Architect, Mobiloitte Technologies

    Obaid Siddiqui

    Vice President-Sales Mobiloitte - Blockchain, IOT, Web & Mobile App Solution

    Arvind Tyagi

    Sr. Project Manager (Delivery & Operations), Mobiloitte Technologies

    Manish Pandey

    Design Head & Sr. UI Designer

    Deepak Gupta

    AVP-Solution Architecture- ICO & Blockchain

    Ammad Siddiqui

    Sr. ICO Smart contact Developer

    Ram Nagar

    QA Lead & Quality Manager- Web & Mobile Apps Solutions

    Kritika Shah

    Project Co-Coordinator & Service Quality Manager