The token raises the rate
every company pays you.

01What it is

An ERC-20 token on Ethereum with a fixed supply, and a single job: it sets the rate Sliver pays you.

Every company on the shelf has a base rate — the share of what you pay them that comes back to you as their stock. Netflix pays 3%, Duolingo pays 6%, and so on. Holding the token adds percentage points on top of that base, for every company at once, for as long as you hold it. That is the whole of what the token does. It is a rate, not a bet.

And you get it by using the product. Most of the supply is not for sale by anyone; it is handed out, month by month, to the people whose subscriptions are actually running through Sliver.

02What it is not

• Not equity in Sliver. No dividend, no vote, no claim on the company or anything it owns. If Sliver is sold tomorrow, the token gets nothing from it.
• Not the shares you earn. Those are ordinary stock, bought with real money and held in your wallet. Nothing on this page touches them.
• Not a thing we sell you. No sale, no pre-sale, no private round, no team allocation. There is nothing to buy from us at any price.
• Not propped up by us. We do not buy it, we do not burn it, and we do not spend a penny of revenue defending its price. Section six explains why.

03How you earn it

Each month a fixed number of tokens is released. It is split between everyone whose proof of purchase was approved that month, in proportion to what they actually paid.

If you run $40 a month of subscriptions through Sliver and the person next to you runs $10, you take four times what they take out of that month's pool. Nothing is weighted by how early you signed up, how loud you are, or how many wallets you control — only by the bills you were already paying anyway.

There is a ceiling per account, because a pool split by spending is a pool worth faking. The ceiling and the anti-abuse rules are set out in the terms, and every claim is read by a person before it counts toward anything.

04The pool, year by year

The yearly pool halves. Each year releases half of what is left, and the final year releases the remainder, so the whole earn allocation is out by the end and there is no drip of new supply after that.

Earning early is worth more than earning late, which is deliberate: the people who use a thing before it is obviously working are the ones taking the risk. It is not a bonus we hand out — it is arithmetic anyone can check against the contract.

05What holding it does

Your balance is read when a claim is approved, and it decides your rate for that claim. No staking, no locking, no separate contract to approve — the tokens sit in your own wallet and you can move them whenever you like.

The boost applies across the whole shelf at once, so it compounds with the number of subscriptions you run rather than with the size of any one of them.

Sell your tokens and your rate drops back the moment your balance does. It is a rate on what you hold now, not a status you keep.

06Why there is no buyback

The usual design is to take a slice of revenue, buy the token with it on the open market, and destroy what you bought. It is popular because it reads as a promise without being one. We are not doing it, and it is worth saying why plainly.

Money spent buying our own token is money not spent buying your shares. Those are the two things the same pound can do, and only one of them leaves you holding something a company actually earned. Every pound we would spend defending a chart is a pound off the thing you came here for.

The second reason is that a buyback quietly changes who the product is for. Once revenue is pointed at a token price, the incentive is to grow trading volume, and the people holding get looked after ahead of the people subscribing. We would rather the token be worth something because holding it visibly pays you more, than because we were standing underneath it with a bid.

07Where the supply goes

Two places, and neither of them is us.

No founder allocation, no team wallet, no advisor tranche, no vesting cliff twelve months out. Any allocation we held would be a pile of tokens we could sell, and you would have no way of knowing whether we were about to. Holding none removes the question.

Sliver is funded the ordinary way: a fee on protocol use and on trading, taken in money, spent on buying your shares and running the company. The token is not our income.

08Why Ethereum

Because it is already where you are. Signing in to Sliver creates you an Ethereum wallet, and that wallet is where the record of your shares lives. The tokens you earn land in the same place. One chain, one address, one thing to keep hold of.

It is also the chain that is hardest for us to be quiet on. Block explorers, wallets and market data sites all read it independently. The supply, the earn pool and every monthly distribution can be checked by someone who believes nothing on this page, which is the correct way to read a page like this one.

09Your shares are separate

This matters more than the rest of the page, so it gets its own section.

When a subscription of yours is approved, Sliver buys real stock in that company and records it against your wallet. It was bought with money. It is worth whatever the market says that company is worth. It has nothing to do with the token.

If the token went to zero overnight, your shares would be worth exactly what they were worth the morning before. If it went up tenfold, they would be worth exactly what they were worth the morning before. The two are kept apart on purpose, so the part of Sliver you actually earned cannot be damaged by the part that trades.

10What we cannot promise

A token can go to zero, and plenty do. A rate boost is worth something only while Sliver is running and paying it; if the company stops, the boost stops with it. A fixed supply is not a reason for a price to rise, and nothing here entitles you to a payment.

Rates and tiers can change. They are published here and in the terms, and if they move we say so on this page rather than quietly — but a rate that can be raised is a rate that can be cut, and you should read it that way.

Nothing on this page is investment advice, an offer, or a solicitation. We are describing a mechanism, not a return. If you are here looking for a number to go up, we would rather you closed the tab and went and used the actual product, which pays you in stock.

11What launch day looks like

Until every one of these is on this page, treat the token as not existing:

1. The contract addresshere and in the site footer, before anywhere else.
2. The earn pool, on chainso what is left to be distributed can be counted without asking us.
3. The tiers as deployedmatching section five exactly — or section five changes.
4. The first month distributeda transaction you can open in a block explorer.

Until then there is no contract, so anything calling itself the Sliver token is not it. We will never announce one in a direct message, and we will never ask you to send anything to a wallet.

12Questions