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Silverway - the story of one cryptocurrency

2020-01-06

Many of us had to get acquainted with cryptocurrency back in 2011. The then sensational Bitcoin platform attracted the attention of not only potential investors, but also ordinary people who have absolutely nothing to do with virtual money.

A lot of time has passed, and the world of cryptocurrencies has undergone tremendous development, firmly entering the daily life of a person. Now electronic means are used to pay for goods and services purchased via the Internet.

However, the first created cryptocurrency Bitcoin has lost its advantages in a highly competitive environment. Now many users talk about its shortcomings more often than about the advantages and positive factors. This led to the creation of other virtual currencies, with each subsequent one becoming one step higher than the previous one.

Silverway (SLV) is one of these cryptocurrencies that emerged with the goal of being better, more efficient and safer.

About Silverway project

In simple terms, Silverway is a "digital" currency based on cryptographic factors. This explains why the term "currency" in the digital world is supplemented with the prefix "crypto". The SLV electronic coin is encrypted, so it is absolutely impossible to hack or counterfeit it by fraudsters. However, if desired, each user has the opportunity to check the reliability of the transactions in which Silverway participated, which is important.

Experienced users of the system and contributors can be alerted immediately. Their concerns will be driven by the privacy metric, which is quite important in the world of electronic media. So, the developers of the Silverway project note that the ability to check the validity of the conducted transactions does not mean the absence of confidentiality. In other words, within the framework of the platform, it is impossible to obtain in any way personal information about the owner of the wallet, which is protected by means of special keys.

Thus, Silverway is a virtual coin characterized by decentralization. This excludes any connection of the SLV currency with government agencies and authorities. It is created and further functions only within the framework of the system. This allows users to make transfers between different countries many times faster and without additional fees. This fact makes the Silverway project very popular, attracting the attention of a large number of participants.

The Silverway platform is characterized by a limited release of tokens. This again speaks of the stability of the coin, the absence of unexpected fluctuations in the exchange rate, as a result of which many inexperienced users and investors lose their own funds. Experts call a currency with this property deflationary or "not subject to inflation."

Of course, Silverway cryptocurrency has a number of advantages and disadvantages, which the team of specialists is constantly working on. The main goal facing the creators of the Silverway project is to ensure its sustainable operation.

Silverway features

Silverway is designed to provide cryptocurrency market clients with structured and aggregated OTC information to help them make the right decision.

What information does Silverway work with:

OTC information regarding cryptocurrencies;
results and subsequent analysis of cryptocurrency market research.
Additionally, as noted above, Silverway acts as a platform for direct transactions.

Former bankers, experienced investors who previously acted as investors in the blockchain and cryptocurrency sector, took an active part in the creation of the Silverway cryptocurrency.

From the Silverway platform side, the set of actions is as follows:

Collecting OTC raw data from various sources.
Processing and structuring of the information received.
Providing collected and processed information through reports, APIs, platforms.
On the part of Silverway platform users, the set of actions is as follows:

Passing a simple registration to gain access to information on the platform.
Application of over-the-counter information and collected reports.
Making appropriate decisions based on the information received.
Thus, one can judge the versatility of the system, which is very convenient for potential users.

How is Silverway created?

Silverway (or SLV) cryptocurrency operates on the Ethereum platform. Its official launch took place in June 2019.The main goal of Silverway development is to create a new platform that is completely different from existing cryptocurrencies. Here is a more extensive functionality, which, according to the developers, should become a weighty argument in attracting potential investors and users of the system.

The Silverway platform development team is comprised of many digital talent with years of experience behind them.

So, the command is:

Gurkin Sergey. 2002 to 2008 studied at the Moscow State Technical University. Bauman. Received a masters degree. From 2009 to 2011 he studied at the State University - Higher School of Economics, Faculty of Economics and Investments. Received a masters degree. Partner with BD @ VC Fund, CEO and Founder of Silverway.
Bogdanov Anton. 2012 to 2016 studied at the Financial University under the Government of the Russian Federation, graduated with a bachelors degree in "Public Administration". 2016 to 2018 continued his studies here, received a masters degree in "Financial management and capital market". From May 2019 to the present, he has been working in the Silverway project as a project manager.
Barker Adam. 2006 to 2009 studied at Oxford University in philosophy, economics and politics. 2012 to 2014 studied at Harvard Business School. Received a masters degree in Business Administration. In Diginex Limited he has been working from 2017 to the present as a Chief Strategy Officer. From 2014 to the present, he is a co-founder of the New Forest company.
SJ Zhang.
Khovratovich Dmitry. Among the main achievements, it is necessary to highlight the design of the White-box cryptography, the attack on the full AES cipher, the deanonymization of Bitcoin, the disconnection of Tor from Bitcoin, and more. Winner of the password hashing competition in 2014-2015, LuxBlockHackathon in 2017, the winner of the Second Best FSE Paper Award in 2013, the best Ph.D. thesis in 2012. Dmitry works from 2019 to the present on the Ethereum platform as a cryptography researcher ... Also, in parallel, the founder of the project works as a senior cryptographer at the Dusk Foundation (since 2018). Dmitry is also the founder and head of the security department from 2016 to the present.
Dobrikov Alexander.
As you can see, the Silverway project team consists of fairly strong specialists in their field. Of course, they have managed to create a platform that is significantly different from their predecessors.

Is Silverway endless?

Users and holders of SLV tokens that operate on Ethereum and Binance Chain systems can use them for the following:

API access fees.
Payment for additional platform services.
Payment for the platform subscriber.
Purchase of individual reports.
Payment for access to the full functionality of the platform according to tariffs and fixed fees.
It is noteworthy that for using SLV tokens as payment for certain services and goods, their holders receive some discounts.

What discounts are there when using SLV:

first year of use - 50%;
second year - 28%;
third year - 14%;
fourth year - 5.5%;
fifth and subsequent years - 5%.
Experts say that the value of the SLV token is formed depending on the frequency and volume of platform use. This is because each token redemption is accompanied by the burning of a fixed percentage of the redeemed amount through a smart contract. The rest of the amount is transferred to Silverway.

Strengths of Silverway

The main advantages of the Silverway project include the following factors:

multiple data sources (more than 50);
visual information (tables, graphs);
large amount of data points (over 2000);
detailed analysis of top projects;
confidentiality;
fast operations within the system;
no commissions for transactions.
Considering the Silverway project as a platform for conducting direct transactions, it should be noted that several functions are open to users here:

Formation of an offer for the sale or purchase of private tokens.
Sending and receiving applications.
Obtaining the necessary contracts, carrying out direct deals.
This set of actions also ensures the high popularity of the cryptocurrency among users.

How are SLV tokens distributed?

The distribution of SLV tokens is as follows:

The team is allocated 25% of the total volume of tokens, that is, 250,000,000 SLV.
The business development fund received 45%, that is, 450,000,000 SLV.
The development team allocated 20% for the reserve fund, that is, 200,000,000 SLV.
For depositors who made investments in the early stages of the existence of Silverway cryptocurrency, 10% is allocated, namely 100,000,000 SLV.
It is known that the presented volumes of tokens are blocked until the fulfillment of certain conditions prescribed by the development team of the Silverway platform (for example, linear unlocking, unlocking in case of unforeseen circumstances).

Silverway in TOP currencies

So, Silverway today, namely December 19, 2019, is on the 69th position in the TOP cryptocurrency rating. The SLV has a market cap of $ 58 million. The total supply of Silverway tokens is 1,000,000,000 SLV, with 100,000,000 SLV in circulation.

After reviewing the statistical data on Silverway cryptocurrency for the entire period, we can say that the maximum value of the coin price reached on July 9, 2019, and the minimum value - on August 30, 2019.

By the way, today, December 19, 2019, the cost of SLV is 58 American cents.

Conclusion
Summing up the results of the Silverway cryptocurrency, it should be noted its ability to effectively solve the problems of an opaque and unstructured market segment. It provides an impressive $ 4 billion fixed cost. Today, the system consists of many professional investors (over 750 people), as well as projects, of which there are more than a hundred. The platform may well serve as a foundation for investment by more experienced users of the cryptocurrency market.

The Silverway project is the first provider of integrated trading intelligence and liquidity for tokens.

As noted, the platform provides experienced investors with access to aggregated information and analytics for OTC transactions. This information is necessary for making correct investment decisions based on it, purchasing and selling private tokens.

Such a functional set has made the Silverway platform popular among potential investors and users of the crypto market.