SilverBit

SilverBit is an ICO project which will launch a new digital asset to the cryptocurrency market. This digital asset will not be a part of any specific platform or application, but will be used as a tool to store and increase value by its deflation. SilverBit’s founders were excited by the price evolution of Bitcoin, which was triggered by high demand and limited supply. Consequently, they also limited the supply of SilverBit to 7,500,000 SLV, making this coin to be one of the scarcest electronic commodities. The only question is about the demand. This project doesn’t bring something new to the market and doesn’t solve any problems. It is doubtful if people will have reasons to invest in SilverBit, instead of choosing many other cryptocurrencies which are similar to it.