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Schedule of Exchange Terms

Accounting, Returns & Recourse

he iCovest Market does not engage in commerce for the “sale” or “purchase” of any merchandise, products or services listed.  Instead, we trust God to provide for our subsistence according to His purpose and plan, and therefore, we suggest a “minimum offering” as a charitable contribution, only at the point of exchange, setting a minimum expectation of what we refer to as, “Guidelines of Good Living”, lest we sell ourselves short of the true potential of the iCovest Initiative.  By engaging with one or more iCovest Market Products and/or Services, you voluntarily warrant and represent to “love your neighbor” with a mutual understanding and agreement to honor God and one another in meeting or exceeding suggested thresholds, as published herein.  As such iCovest holds that there are no returns and/or reimbursements of your offerings which by remitting you have made in charitable contribution.  However, if you have NOT received a product or service as honorably described due to iCovest or third party conflict, please bring the matter to our attention immediately so that we may mediate an amicable resolution to the conflict with effective remedy between our members.

Currency Standard

Our standard unit of account is one (1) ounce of .999 fine silver (one Government Minted, Legal Tender, Silver coin[1]).

In the non-banking, non-commercial, economic system of the private iCovest Market, value is redeemed in real-time (spot price) to an easy to monetize commodity (silver) as opposed to government-issued, controlled, inflated and deflated fiat currencies.  In other words, for example, all conventional transactions elsewhere listed in USD are otherwise identified, transferred, listed, exchanged, assigned and recorded in .999 fine silver, rounded to the hundredth of an ounce.

Example: In a typical store, all products listed for sale are represented in USD, $25.00 for example.  In stark contrast, at the iCovest Market, the same item, assuming the spot price of silver was $25.00, would be listed as 1.000 ICO (Representing One Intentional Community Opportunity equal to One Government Minted, Legal Tender, One Ounce Fine 0.999 Silver Coin held in Trust).  This is the value procured by the Trust, and retained by your voluntary contribution with a like kind value exchanged for your benefit as a bona fide participant of the iCovest Market community.

Important Note:  With such a redemptive silver system functioning as FBO under Title 26 Section 508c(1)A, how do you suppose an SBM would report revenue, compensate employees, and/or calculate an income tax?  We pray you have eyes to see.

Charitable Contributions; Third-Party Fees

The iCovest Market functions on the honor system (a.k.a. “honest money”).  Therefore, the iCovest Market does not accept fiat currency.  Only lawful money is accepted for circulation in the iCovest Market.  Other forms of “legal tender” must first be redeemed (converted) from your national currency (legal tender) to .999 fine silver before an exchange of values can take place.

Simply register for an account (either a PCM and/or an SBM) and shop around as you would otherwise ordinarily do.  Nothing else has changed … only the medium of exchange (money is no longer a payment or discharge of debt, but rather an exchange of value for value).

  • GM Membership: General Members agree to all terms of exchange without any voluntary charitable contributions.  They are free to partake in the lawful redemption and exchange between members of iCovest, pursuant to adhering to terms outlined in our Relationship & Royalty Sharing Covenant.

  • PCM Membership: One time account set-up package offering the approximate value of one-quarter (¼) ounce to get started, and a scheduled (reoccurring) offering of another one-quarter (¼) ounce per month, or an annual charitable offering of three (3) coins, as the case may be.

  • SBM Membership: Annual account set-up and maintenance package offering the approximate value of six (6) ounces (6 coins) to get started, or a scheduled (recurring) offering of two (2) ounces (2 coins) per month, as the case may be.

  • iCovest IVA CoVestment & Silver Acquisition; Exchange:  First Fruits offering (18.5%) above the current spot price of silver.

    • Please also refer to iCovest IVA Shared Expense Master Schedule

  • SBM Listing; Exchange: There are no fees for setting up an account or listing products or services available for exchange. It is well understood however, charitable contributions of ten percent (10%) of the value exchange are offered up as a minimum, to support and sustain the iCovest Group (SBM amounts otherwise payable to cover third-party marketing, advertising, sales and other Cost of Goods Sold).

  • Other: Third-party fees may be incurred through the use of the Services (e.g. gift wrapping, transportation logistics, international import/export tariffs, etc.).  Any such fees will be disclosed in advance and approved by you prior to the exchange.

Redemption; Value Exchange

All iCovest Market accounts are liquid, meaning they can be opened, established, redeemed, exchanged, assigned, withdrawn, or distributed at any time, on demand to a qualified recipient.

Important Note: All accounting is in terms of ounces of minted Silver as described herein.  While the “legal tender” value of silver may fluctuate, the number of ounces do not.  If you so choose, it is your responsibility to manage the conversion from lawful money of the iCovest Market to another denomination of legal tender.

Rights of Assignment / Strategic Philanthropy

iCovest Market Members reserve the right of assignment to direct any portion of value exchange benefits to one or more of their strategic philanthropy initiatives.



[1]  1-ounce (oz.) Silver: A sovereign coin minted backed by the government’s treasury (a.k.a. “legal tender” and constitutes redemptive “lawful money”); Contains 1 oz. of 0.999 fine Silver; Multiples of 20 or 25 are packaged in mint tubes.  Multiples of 500 are packaged in “Monster Boxes.”  All other coins are in protective plastic and are eligible for self-directed Precious Metals IRAs.

Exchange Terms
One-Ounce Silver
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