Matrixdock Silver (XAGM)

Matrixdock Silver XAGm is a standardized token on blockchains, where 1 token initially represents one fine troy ounce of 99.9% purity LBMA-accredited Good Delivery silver. This representation will decrease slightly over time as custody fees accrue and is reflected in the ozPerToken daily value, which represents the amount of silver weight each token corresponds to. The total supply of XAGm tokens multiplied by the ozPerToken value is intended to correspond to the total amount of physical silver in the vaults.