The Story Behind Our Store of Value

Throughout human history, organized societies have used various units of account as payment methods to exchange goods and services within their communities, and between villages and empires. The most important features of these different units have always been:

• ease of transport & storage,

• interchangeability (fungibility) & divisibility, and

• broad recognition & acceptance.

These factors separated those items that eventually became forms of money from other items which remained a form of barter. For millennia, precious metals have

been at the forefront of the best units of account as they possess these fundamental characteristics, primarily in the form of coins and bars. CannDollar is physical silver in a digital wallet operating on blockchain technology. During the last several decades of technological advancement, various solutions have been developed to further enhance the process of dividing, exchanging, and storing precious metals versus managing the actual tangible coins and bars themselves.
Despite these advances, it has not been possible for the average person to use precious metals as the core medium

of exchange for daily transactions; or for a major institution to streamline their ownership of this store of value. Since its arrival in 2009, blockchain technology has begun to enhance transparency and the trusted exchange of digital value between any counterparties, with rapid processing and low cost. This ground-breaking technology lends itself equally well to real-world asset transfers and the exchange of traditional units of account. CannDollar brings these concepts together in a user-centric solution to enable a return to the use of a silver as a medium of exchange and store of value, for the digital age

Silver Investment Fundamentals

Although silver is extremely scarce in relation to most elements and resources, it is the most plentiful and least expensive of various precious metals (compared to gold, platinum, palladium, and rhodium). Thus silver is the world’s most affordable precious metal and especially over the last ten years this precious metal has gained a larger portion of many investor portfolios. Historically speaking, for many thousands of years silver has served as a trustworthy store of value, money for day to day transactions, and a vehicle for long term savings and capital formation. Silver coins, mostly struck with sterling silver (some copper added to make them more resilient and durable for monetary circulation), have been used in virtually every culture and country at various times. Examples include ancient Lydian silver coins, Greek drachma silver coins, the silver Roman denarius coin, and British pound sterling silver coins. Read more..

Trade dollar

Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. They all approximated in weight and fineness to the Spanish dollar, which had set the standard for a de facto common currency for trade in the Far East. The existence of trade dollars came about because of the popularity of the silver Spanish dollar in China and East Asia. Following the establishment of the Spanish Philippines, Intramuros became an entrepôt for Chinese goods in one direction and silver, from across the Pacific to the Spanish held silver mines of Mexico, in the other. This so-called “Manila Galleons” trade route, led from the 16th Century onwards to the wide circulation of “pieces of eight” in East Asia. Read more..