Solana · Token-2022 · Silver-Backed
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silverdime

SDIME

A Solana token backed by physical pre-1965 US silver dimes. Each SDIME represents the silver content of one authentic silver dime — 0.07234 troy ounces of fine silver.

0.07234 Troy oz silver per token
300 Silver-backed tokens
1B Fixed total supply
90% Silver purity

Physical Silver Backing

silverdime is a Real World Asset (RWA) token on Solana. Unlike algorithmic stablecoins or purely speculative tokens, each SDIME in active circulation is backed 1:1 by a physical pre-1965 US silver dime held in the issuer's reserve.

Pre-1965 US dimes — both Mercury (1916–1945) and Roosevelt (1946–1964) varieties — are composed of 90% silver and 10% copper. None are clad. Every coin in the reserve is genuine US silver coinage.

1 SDIME
=
0.07234 troy oz Ag
×
XAG/USD spot price

Why pre-1965 dimes?

In 1965 the US Mint switched dimes to a copper-nickel clad composition containing zero silver. Every dime minted before 1965 is 90% silver — there are no exceptions, no varieties to check, no confusion. Pre-1965 is a bright line that makes the backing unambiguous.

Reserve coins

Type Years Composition Silver oz per coin
Mercury Dime (Winged Liberty) 1916–1945 90% Ag, 10% Cu 0.07234
Roosevelt Dime 1946–1964 90% Ag, 10% Cu 0.07234

Additional backing reserve

The issuer also holds $90 face value in other pre-1965 US silver coinage (quarters and halves) which may be used as supplementary collateral as the project grows. These coins contain approximately 65 troy ounces of additional silver.

Token Distribution

silverdime has a fixed total supply of 1,000,000,000 SDIME. The mint authority has been permanently revoked — no additional tokens can ever be created. This is verifiable on-chain.

Wallet Tokens % of Supply Status Purpose
Issuer wallet 300 < 0.001% Active Silver-backed, 1:1 with physical dimes
Deep reserve 999,999,700 ~100% Locked Released only as silver backing grows

Why does one wallet hold nearly all the supply?

The reserve holds tokens that are not yet backed by physical silver. They will only be released into circulation as additional silver coins are added to the physical reserve — maintaining the 1:1 backing ratio for all circulating tokens. Tokens in the reserve represent future capacity, not circulating supply.

Reserve Policy

The deep reserve wallet exists to allow the project to scale as additional physical silver is acquired. The release policy is strict:

Release rule

One SDIME token is released from the reserve for every one additional pre-1965 silver dime added to the physical backing. No tokens will be released speculatively, for liquidity incentives, or for any purpose other than matching new physical silver.

Reserve wallet address

[Reserve wallet address — published at mainnet deployment]

Issuer wallet address

[Issuer wallet address — published at mainnet deployment]

Token mint address

[Mint address — published at mainnet deployment]

Verify On-Chain

Everything about silverdime is publicly verifiable on the Solana blockchain. You do not need to trust the issuer's word — you can check the facts yourself.

Verify fixed supply & revoked mint authority
Look up the mint address on explorer.solana.com or solscan.io. The "Mint Authority" field will show None — confirming no new tokens can ever be created.
Verify reserve wallet balance
Look up the reserve wallet address. The token balance should equal 1,000,000,000 minus the current circulating supply. Any movement from the reserve wallet is visible in real-time.
Verify silver backing
The issuer wallet holds 300 SDIME. The physical reserve holds 300 pre-1965 US silver dimes. Proof-of-reserve photos and video of the physical coins are published below. The ratio of circulating tokens to documented physical coins will always be 1:1.

Proof of reserve

Photographs and video of the physical silver reserve will be published here at launch. The reserve will be re-documented whenever new silver is added and new tokens are released.

[Reserve photos — published at mainnet deployment]

Frequently Asked Questions

Is this a stablecoin?
silverdime is soft-pegged to the silver dime price — it tracks the value of 0.07234 troy oz of silver. It is not a hard stablecoin and its dollar price will fluctuate with silver spot prices. Think of it as a tokenized silver position, not a dollar-pegged stablecoin.
Can I redeem SDIME for physical silver?
Limited redemption is available at the issuer's discretion. silverdime is not designed primarily as a redemption instrument — it represents silver value on-chain. Contact the issuer directly to discuss redemption options.
Why Token-2022 instead of the standard SPL token program?
Token-2022 is Solana's updated token standard. It supports embedded on-chain metadata (name, symbol, description) directly in the mint account, eliminating dependence on third-party metadata programs. It is audited Solana core code with no custom contract risk.
Why is the total supply 1 billion?
The 1 billion supply creates room for the project to grow as additional silver is acquired without ever re-minting. Since mint authority has been permanently revoked, 1 billion is the hard ceiling forever. The vast majority sits in the reserve and will only enter circulation matched 1:1 with new physical silver.
Is this a security?
silverdime does not represent equity, profit-sharing, or any claim against a business. It is a commodity-linked token representing the silver content of pre-1965 US dimes. This is not investment advice. Consult a qualified legal or financial advisor regarding your jurisdiction's treatment of silver-linked digital tokens.
How is the silver price determined?
The reference price is the XAG/USD spot price as published by the Pyth Network oracle on Solana, multiplied by 0.07234 (the troy ounce silver content of one pre-1965 US dime).