Not many people know about this, and it is probably even a faint memory to those who do. But I want to explain this to everyone so this Crypto Anti-Trust Group can not just be a crime reporting group, but what to do to do it right. And I will include both in this one post.
https://www.coindesk.com/mcxnow-cryptoexchange-suspends-trading
Doing it Wrong
MCX Now was a Crypto exchange, you would go there to buy and sell Crypto. And there was a Chatbox called a Trollbox, but it created a community, and you could advertise your coin and everything to get it listed and get buyers, so it became a popular site.
The owner decided to make a MCX Token, and they would be bought over 2 days, each representing a share. Then the shareholders would earn that share of the website operating fees.
He sold $3,000,000.00 worth of these Tokens in 2 days, and he shut down the website and left. Never heard from again, that happened and 7 years later no one knows where he is as far as I know. He just shut it down.
Doing it Right
If you go right now and spend $15,000 on Silver, you get about 30,000 grams of Silver. It is about $0.50 per gram. For comparison, Marijuana is about $10.00 per gram.
Now, go on Steem-Engine and make a Silver Token, backed by Silver, and state to everyone that you are selling them at Silver Market value (spot or slightly above, but just use spot) if you make 30,000 Tokens, 1/10 Market value if you make 300,000 Tokens. Tell everyone they can redeem them with whatever limitations, meaning maybe everyone had to wait 6 months to start redeeming. Shipping and Handling, 1 oz minimum, etc.
But explain to everyone that they can go on Steem-Engine and sell it above Spot. And you buy them up yourself when you can to save your silver, and make your Tokens more rare.
Now you have a Token that the holders identify with Silver, you can even share photos of the Silver on Bitcointalk and Steemit so everyone knows it is real. This means it is pegged to the price of silver, unless someone sells it cheaper by choice, in which case you and other holders can buy up to exchange for real silver.
So Silver changes value, your Token changes, both variate independently, but the Token is more dependant on the Silver because you can trade it in. But it could very well go above the price of Silver, and likely will as more people learn about it.