LSILVER will introduce a new possibility and alternative of commodity trading using blockchain where real assets can be transferred in a decentralized distribution network. It will then improve the efficiency, transparency, and cost of commodity trading.
LSILVER provides the convenience and speed of digital asset trading, where traders can buy and sell from exchanges while providing the means to redeem tokens for physical silver bullion. Each LSILVER token will have an underlying asset of physical silver in Lyfe's partner Custodian. LSILVER can be exchanged to Fiat according to physical silver price or even exchanged to physical silver bullion directly.
LSILVER is part of the Lyfe program to create an asset-based stable token, backed up by physical assets or commodities to complete the market-based Lyfe Token ecosystem.