# FAQ * **What is $STT and how is it valued?** $STT is a digital token where 1 $STT is pegged to the exact value of 1 oz of silver (quoted in USDT). It is 1:1 backed by real silver assets and institutional-grade infrastructure. * **Where is the physical silver stored?** The physical silver backing $STT is securely stored at Brinks in London. Monthly storage slips are provided to ensure complete transparency. * **Can I redeem $STT for physical silver?** Yes. You can trade $STT 24/7 on exchanges or redeem it for physical LBMA Good Delivery bars from designated vaults. **Redemption Fee:** 0.35% (for SilverTimes certified bars). **Processing Time:** Typically 3-5 business days. * **How does $STT track the real-time price of silver?** We utilize HashKey oracles to feed real-time spot and futures data into our system. This ensures $STT remains tightly aligned to the actual price of silver via automated rebalancing thresholds. * **How do I mint $STT and what are the fees?** To mint $STT, users must undergo KYC (Identity verification) at designated facilities and deposit fiat or eligible collateral. **Minting Fee:** 1% **Minimum Requirement:** 1 ton of silver for minting. * **Is the platform secure and audited?** Yes. $STT operates on the **Ethereum** network using open-source smart contracts. We maintain 1:1 backing that is verifiable through Proof-of-Reserves and on-chain dashboards. Security audits are conducted by Bosein, with an annual report and monthly Proof-of-Reserves reporting. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://silvertimes.gitbook.io/silvertimes-docs/faq/faq.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.