Imagine the future of money

San Diego CA

Description

https://lodetoken.com/ THE LODE PROJECT What is the LODE Project? The LODE Project aims at restoring silver to the monetary system by pioneering the world’s first Digital Silver-Money System powered by blockchain. The project is backed by a global, decentralized group of sound money advocates that believe silver can serve as an affordable, verifiable, and secure store of value, and that when “tokenized” upon the blockchain, becomes a superior medium of exchange. Where does the term “LODE” originate from? The MOTHER-LODE is a principal vein — or zone of veins — of gold or silver ore. Ambitious Placer miners follow gold-bearing sands upstream to discover the source. This source is called the “mother” of the gold in the river, and so was dubbed the “mother lode”. The term is also used colloquially to refer to the origin of something valuable or in great abundance. This is how the LODE Project derived its name because of its close relation to silver and its vision to see mass adoption of digital silver-money. Why should I put my silver to work in the LODE Project? Millions of silver stackers around the world hold tens of millions of ounces of investment-grade silver as a safe and secure buffer against any potential economic collapse. Most, if not all, store silver in traditional ways such as in home safes and banks. Most of this silver sits idle for many years, in the hope that it might someday provide the owner with financial protection and possibly, a better return over the original cost of their silver purchase. While this may well happen, there is no guarantee. The LODE Project offers silver enthusiasts an opportunity to put idle silver to work and receive rewards for contributions into the project. What happens after I contribute my silver into the LODE Project? After creating an account, LODE Members contribute silver through LODE’s verified vaulting partners. Contributors then receive a LODE Token in a digital wallet, which represents a bond that is based on the amount of silver they contributed. The silver is digitally recorded on the blockchain as AGX Coins. One AGX Coin is minted for each gram of silver that enters the system. AGX Coins are then enabled through options such as POS, tap and pay apps, ATM networks, prepaid debit cards, barter networks, and exchanges. The proceeds from selling AGX Coins are used to buy more silver, which is then used to mint more AGX Coins. LODE Token Holders are rewarded by receiving micro-payouts in the form of AGX Coins. The LODE Project will ensure the supply of investment-grade silver bullion is made transparent and verifiable to ALL LODE Users at ALL times using blockchain technology.