Mine scarcityMine $silver
$SILVER is a competitive on-chain mining protocol inspired by silver.
No staking. No inflation. Just scarcity, auctions, and halvings.
MINING
Only one user can mine $SILVER at a time by purchasing the active mining slot.
Mining rights are bought through a continuous auction paid in ETH.
While holding the NFT:
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You earn $SILVER emissions
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You earn ETH when someone outbids you
When someone else buys the slot:
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You keep all $SILVER you mined
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You receive ETH from the next buyer
AUCTION
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The mining slot price starts high
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It gradually decays toward zero
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Anyone can buy the current slot at the current price
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Each new purchase increases the competition
This dynamic creates natural buy pressure and value capture.
HALVING
When someone buys a Silver NFT (paid in ETH), the ETH is split like this:
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40% → Current Miner
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15% → Treasury
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35% → Buy & Burn $SILVER
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10% → Buying real digital silver (not the token)
At the same time, $SILVER tokens are emitted during the mining cycle:
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70% → Active Miner
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20% → Treasury incentives
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10% → Burned immediately
FLYWHEEL
Users pay ETH for the NFT
ETH is distributed to miners & treasury
The treasury buys $SILVER and burns it
Supply decreases and halving reduces emissions
Higher demand, less supply
The $SILVER NFT
Available Soon...
THE DUTCH AUCTION MECHANISM
The Auction
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The mining slot price starts high
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It decays toward zero over time
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Anyone can buy control at the current price
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Each purchase resets the price higher
If demand increases, prices rise.
If interest drops, prices fall.
The system self-adjusts to market demand.
There is only one active miner at any time.
To become the miner, users purchase a Silver NFT through a continuous Dutch auction using ETH.
NFTs are bought through a continuous Dutch auction paid in ETH.
While holding the slot:
-
You earn $SILVER emissions
-
You earn ETH when someone outbids you
When someone else buys the slot:
-
You keep all $SILVER you mined
-
You receive ETH from the next buyer
The Flywheel mechanism
When someone buys the NFT using ETH, the ETH is distributed :
40% goes to the current miner
15% goes to the treasury
35% is used to buy and burn $SILVER
10% is used to buy real digital silver.
This means every new miner rewards the previous one while directly reducing $SILVER supply.
The mining right itself is sold through a descending price auction, where the price starts high and decreases over time.
If demand for mining is strong, buyers are willing to pay earlier, which can push the effective NFT price very high .
While mining is active, $SILVER is emitted in cycles.
For each emission cycle, 70% goes to the active miner, 20% goes to treasury incentives, and 10% is burned immediately. Emissions halve every 20 days, reducing the amount of new $SILVER entering circulation over time. As emissions decrease and supply tightens, controlling mining becomes more valuable, which increases competition in the auction and can lead to higher NFT prices.
LET’S MINE TOGETHER
$SILVER is designed to behave like silver — scarce, extractive, and increasingly difficult to acquire as time goes on.
$Silver the only assets that keeps going up