> For the complete documentation index, see [llms.txt](https://silvertimes.gitbook.io/silvertimes-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://silvertimes.gitbook.io/silvertimes-docs/faq/faq.md).

# 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.