SILVERBIT PLATFORM: digital silver that enables money sending.

SilverBit is a digital token that allows people to send money anywhere in the world instantly, securely and at near zero cost. It focuses on creating a multi entry, high rewards monetary system that empowers people to achieve financial freedom through blockchain based technology. SilverBit aim to become an ultra-scarce non-government controlled storage of wealth with software facilities to increase that wealth over time and that is an instantly transferable asset with zero storage cost. There will only be 7.5 million SilverBits created making this one of the most scarce crypto tokens.

SilverBit operate based on blockchain technology which is a transparent digital ledger of transactions and records that are immune to change or deletion, offering additional traits of increased security, lower costs, time efficiency, and error resistance. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.

SilverBit token is forged with Proof of Stake. Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e. the stake). In addition, the algorithm of proof-of-work (PoW) based cryptocurrencies (such as bitcoin) uses computationally intensive puzzles in order to validate transactions and create new blocks (i.e. mining) Proof of stake is a different way to validate transactions based and achieve the distributed consensus.

Proof-of-Stake just like Proof-of-Work is a mechanism that allows the network to confirm transactions and prevent fraud. However, it does not require any resource intensive calculations to be performed. The only requirement is to have some SilverBit in your balance. Tokens can be earned by keeping SilverBit tokens for a period of time greater than or equal to the Minimum Coin Age.

Why Silver Bit?

Scarcity: 7.5 million SilverBits will only be created.
Compound: Earn extra tokens just by holding SilverBit for a period of time.
Valuable: SilverBits becomes an asset the moment you purchase.
Security: Transactions are secured by the state of the art security algorithm. Thanks to advanced cryptography gaining access to your account is practically impossible.
Speed: SilverBit has been designed to be excellent for quick transfers. Masternodes powered by Ethereum blockchain significantly reduces confirmation time while fast block times ensure unparalleled speed.
Wealth: The fixed supply mechanism gives SilverBit deflationary characteristics and with increasing demand SilverBit prices will rise.
Eco-friendly: Proof-of-Stake approach not only dramatically reduces carbon footprint but also dramatically lowers electricity consumption making it environmentally friendly.

TOKEN AND ICO INFORMATION

• Name: SilverBit

• Symbol: SLV

• Decimals: 8

• Maximum Total Supply: 7,500,000

• Initial Supply: 2,250,000

• Minimum Coin Age: 3 Days

• Maximum Coin Age: 90 Days

The SilverBit Token initial distribution will be in the form of a presale followed by an ICO. Anyone will be able to acquire SilverBit at a discount rate during the pre-sale. SilverBit tokens can be acquired by pledging Ether into the contribution address and tokens will be distributed on a first come first served basis. When contributing with ETH you will receive SilverBit in your ether wallet address you send funds from within 24 hours of sending ETH. Those contributing BTC or LTC will receive SilverBit within 48 hours of sending contribution to the ether wallet address you provide. The founding team will receive a 10% allocation of SilverBit, subject to a 2 year holding period. These tokens will serve as long term incentive for the SilverBit founding team.

FUNDS DISTRIBUTION

Development - 39%

Marketing - 25%

Operations - 15%

Security - 13%

Legal - 8%

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