Silvertoken: A Stabilizing Currency in an Unstable World

With all of the chaos surrounding the cryptocurrency (digital and internet money) market, is there anything that can stabilize them? That is the question a new company sets out to answer. With cryptocurrencies in a constant state of flux, East Asian nations joining the bandwagon to ban them, and major western financial institutions sending mixed signals, it sometimes feels like cryptocurrencies are just another internet fad.
Partially because cryptocurrencies do not have anything other than the faith of users to support their value, Bitcoin, Ethereum, Litecoin, and the rest are only as valuable as the market says they are. This is where Silvertokens steps in to provide stability to cryptocurrencies by tying its value to a physical asset — namely silver — stored in high-security vaults.
Silvertokens are redeemable for the silver each token represents. If a Silvertokens holder decides they want cash or silver, they may sell their tokens for cash or redeem their tokens for silver which is then shipped directly to their home.
Moreover, Silvertokens’s business model sets up a trajectory for continued growth. The company charges a small transaction fee whenever a Silvertoken is bought or sold. These fees are used to purchase more silver and vault storage. The more silver that Silvertokens adds to their vaults, the more valuable Silvertokenss become.
Additionally, Silvertokenss stabilize their value through the balance of silver and tokens. Meaning, a Silvertokens is never worth less than 1 ounce of silver. This prevents the type of central bank-controlled devaluing associated with fiat money, as seen in dollars and euros. Ultimately, Silvertokens offers a safer, more secure alternative to user-backed cryptocurrencies and looks poised to stabilize the rocky cryptocurrency market.
About Silvertokens offers physical silver, and when purchased, users receive a redeemable receipt for the silver in the form of a digital token. Silvertokens began offering silver in November 2017 at an introductory discounted rate. In December 2017, Silvertokens will release additional silver at a non-discounted rate. Silvertokenss will become redeemable for silver in January 2018. Next year, Silvertokens will offer more silver and implement various technology improvements.