Silverware Labs

About Us

Silverware Labs is a crypto startup that recognizes the utility of cryptocurrencies, the reliability of commodities and a potential for synergy.

Silverware (XLVR) is Silverware Labs' experiment in crypto that attempts to combine the power of cryptocurrency and precious metals. Launching as a meme coin on the XRPL, XLVR intends to strengthen its foothold in the industry by building a strong backing of precious metals on a crypto network defined by its speed, efficiency and reliability.

Tokenomics

Total Tokens

10,000,000,000 Silverware (XLVR) tokens were minted on April 18th, 2025.

Public Tokens

7,000,000,000 Silverware (XLVR) tokens are in circulation for the public.

Treasury Tokens

1,750,000,000 Silverware (XLVR) tokens have been allocated as Treasury Tokens.

These tokens will periodically be traded to build asset holdings of silver, platinum, palladium, and rhodium and to cover operational costs of doing business.

Burn Tokens

1,000,000,000 Silverware (XLVR) tokens have been allocated as Burn Tokens.

Team & Partnership Tokens

100,000,000 Silverware (XLVR) tokens have been allocated as Team & Partnership Tokens.

All awarded Team & Partnership Tokens will be locked in escrow for a total of four years, unlocking 25% each year. Any tokens that have not been awarded by year four will be returned to the Treasury.

Community Tokens

100,000,000 Silverware (XLVR) tokens have been allocated as Community Tokens.

These tokens will be distributed through airdrops and special events.

Charity Tokens

50,000,000 Silverware (XLVR) tokens have been allocated as Charity Tokens.

Charity tokens will be used to raise money for various charities chosen by Silverware Labs.

Frequently Asked Questions

What is Silverware (XLVR)?

Silverware (XLVR) is a meme coin on the XRPL, designed by Silverware Labs.

What is Silverware's utility?

Silverware (XLVR) utility is that of possession.

What is Silverware's long-term plan?

To build a substantial backing of silver, palladium, platinum and (potentially) other cryptocurrencies and to become easily traded across multiple platforms.

Where can I trade Silverware (XLVR)?

Silverware (XLVR) is currently tradeable on firstledger.net.

Can I purchase Silverware (XLVR) directly from Silverware Labs?

No. Silverware Labs does not sell Silverware (XLVR) directly to anyone.

What assets does Silverware (XLVR) currently hold?

Silverware (XLVR) is a meme coin and currently has no assets backing it.

How will Silverware (XLVR) acquire assets to back it?

Silverware Labs will begin a one year Accumulation Phase, acquiring assets through fundraising and private investment. When the Accumulation Phase's one year time period has elapsed, Silverware Labs will evaluate the progress of the Accumulation Phase and may extend it as needed. Silverware Labs has no plans to trade Silverware (XLVR) Treasury Tokens as part of the Accumulation Phase.

When will Silverware Labs begin trading Silverware (XLVR) Treasury Tokens?

Silverware Labs will trade Silverware (XLVR) tokens periodically, to cover the costs of escrows and other operational needs. All plans to trade XLVR tokens will be announced on X and posted on this website.

The plan to trade XLVR tokens after July 23, 2025, to cover fees of the next escrow/phase is currently on hold as updates to the XRPL may allow Silverware Labs to conduct future escrows without the need to utilize 3rd party escrow services resulting in lower fees. We will post updates about this change over X and on this website.

Who will have custody of assets backing the Silverware (XLVR) token?

Assets acquired to back the Silverware (XLVR) token will be held/managed by a third-party storage vendor. Silverware Labs will not have self-custody of any assets intended to back the Silverware (XLVR) token.

Where can I find information about Silverware (XLVR) trading activity and asset holdings?

Silverware Labs will post its trade activity and asset acquisition information or links to sites with this information on silverwarelabs.com.

Where can I find updates about Silverware (XLVR)?

Here, on our website or by following us on X (Twitter) at x.com/silverwarelabs.