Welcome to our Whitepaper. Silver has long been a store of value and a hedge against inflation. However, owning physical silver can be cumbersome and costly. Silverback aims to bridge this gap by creating a digital representation of silver that is secure, stable, and easily tradable.
Vision
Our vision is to create a decentralized stable coin that combines the benefits of silver ownership with the efficiency of blockchain technology. Silverback will be a trusted and transparent platform for silver and crypto enthusiasts, investors, and traders.
Trading will be live 24/7 even outside of normal silver market trading. This will give a major advantage on typical silver trading platforms.
We are creating a Web3 app right here on our website. That will allow you to connect your wallet and instantly trade Silverback. We will be listing trading pairs. This will give the ability to instantly buy and sell against those pairs from our portal.
Roadmap
1. Presale (Stage 1)
– Our presale event begins. This will be a staged event and will determine your share reward distribution. Details are outlined on the presale page.
2. Launch (Stage 2)
– SilverBack becomes available for trading.
– Fractional reserve of silver implementation begins. Decentralized across multiple countries. Stored in Vaults and Bullion shops.
3. Expansion (Stage 3)
– Collaborate with 100 bullion exchanges and vault facilities worldwide. This will further decentralize our network. We will be holding a 2:1 backing 100% Solana and 100% in physical silver.
– These shops will hold reserves of physical silver to back SilverBack liquidity.
4. Physical SilverBack Coins (Stage 4)
– Mint physical SilverBack coins.
– These coins can be purchased directly with SilverBack or from participating bullion exchanges.
5. Mass Adoption (Stage 5)
– Expand the network to 1000 bullion exchanges and vault facilities worldwide.
Tokenomics
– **Tethered to Silver Price**: Each SilverBack token is pegged to the price of silver. This ensures stability and transparency. There cannot be more tokens in supply then have been bought.
– **Transaction Fee**: A 1% fee is applied to all SilverBack transactions. Every third month the fees will be distributed to Legacy Token holders.
– **2:1 Reserve**: 50% of the transaction fees go into updating the reserve, keeping backing of SilverBack at 2:1.
Conclusion
Silverback aims to revolutionize silver ownership by combining the best of both worlds: the stability of physical silver and the efficiency of blockchain technology. Visit the Presale page to get in now. If you have any questions about the whitepaper don’t hesitate to reach out to our team here.
*Disclaimer: This white paper is for informational purposes only and does not constitute financial advice. Please conduct your own research before participating in any cryptocurrency project. *