I don't understand this whole concept.  I can go to veldtgold.com and buy silver rounds for (right now) $17.30 an ounce, pay with BTC and get free shipping.  This seems like a huge pain in the ass!!

Translation has been added to OP

Thank you very much.


With the $LKNS Link Silver Token you'll be able to buy Silver from any part of world, fast and if you want to sell it back; you will be able to do it quickly just like selling Bitcoin or Ether.

Chinese ANN is up: https://bt.irlbtc.com/view/1900498.msg18862109#msg18862109
emailed you regarding the website translation.

With the $LKNS Link Silver Token you'll be able to buy Silver from any part of world, fast and if you want to sell it back; you will be able to do it quickly just like selling Bitcoin or Ether.


So you are buying a silver contract not bullion that is shipped to you?

Users buy a contract Token that includes rights for reedeming into physical silver if wanted.

Differences between buying normal phyisical versus LNKS Silver token are:

Silver:

You cannot sell it back easily and/or without losing a high % of its value.

You take high risks by storing it by yourself, in case of renting a vault you pay additional costs.

By moving it between locations you take additional risks. (if high amount is involved)


Link Silver:

You can do day trade as selling or buying works in the same way like any crypto-currency.

You do not need to store it, our contractors manage that.

You can transfer them to a friend just like sending a crypto-currency.

If you need silver for industrial or manufacture usage in which case you'll need the mere metal instead of just to store it as an investment: LNK silver can be redeemed and you get the physical silver working as any other silver provider.

But like so many coins/tokens out there.  The DEVs run off with the assets and the buyers have nothing.  The difference for bullion (plain rounds), is about 4%.  Buy at spot, sell at 96% of spot.  What governs your business?  How do people know you aren't going to cash out and run?

lol, if you want silver to store in the back of your home just go to your nearest store and buy it, why those silly questions on a  crypto project

I think his concern is the cost per coin, it doesn't make sense realistically at current pricing.  It would be cheaper to buy silver and then store it at a bank at this moment.

I understand, I'm just saying the first thing people will be thinking is due to a backing of 36% silver for each coin.  Its going to be assumed this is only for silver, not an ecosystem coin.