How Does SilverBacked Work?
Very well, actually.
We tokenize physical silver on the blockchain, then place it in pools for use with NFTs – staking, rewards, etc. All the nitty-gritty details are in our white paper (coming soon).
100% of the Time
We utilize the LD2 protocol to ensure all NFTs are 100% backed by silver at all times. No exceptions.
The silver is stored in a secure vaulting facility in Las Vegas, NV, using a time-tested UCC warehouse receipt structure.