LuminvaultMineralToken (LVM) is the first mineral asset token on chain

Abstract

Luminvault Mineral Token (LVM) is an innovative asset-backed cryptocurrency designed to combine the stability of physical assets with the benefits of blockchain technology, it is the first on chain mineral asset backed token. Each LVM token is backed by a carefully curated collection of high quality minerals, gems, and crystals, providing intrinsic value and stability. Our mission is to create a secure, transparent, and efficient platform for investing in precious minerals, enabling token holders to benefit from the appreciation of these tangible assets.

Introduction

The traditional market for minerals, gems, and crystals is fraught with challenges such as lack of transparency, high entry barriers, and liquidity issues. LVM aims to revolutionize this market by leveraging blockchain technology to tokenize these valuable assets, making them accessible and tradable for a broader audience. By creating a digital representation of physical assets, LVM provides a new avenue for investors to diversify their portfolios with tangible, appreciating assets.

Market Opportunity

The global market for precious minerals and gems is substantial, with increasing demand driven by industrial applications, jewellery, and investments. However, the market's fragmented nature and the high costs associated with buying and selling these assets present significant barriers to entry. LVM addresses these issues by providing a transparent, liquid, and easily accessible platform for trading asset-backed tokens.

Tokenomics

• Token Standard
  LVM is an ERC-20 token built on the Ethereum blockchain, ensuring compatibility with existing infrastructure and exchanges. We plan to integrate ERC-4626 functionality to enable yield-bearing vaults, providing additional value to token holders.
• Initial Distribution
  Total Supply: 1,000,000,000,000 LVM
  STO: 10,000,000,000 LVM (1%)
  Launch Sale: 90,000,000,000 LVM (9%)
  Locked Vesting: 80% (800,000,000,000 LVM)
  Reserve for Burns: 10% (100,000,000,000 LVM *burns can be greater than 10% of total supply)
• Use of Funds
  Asset Acquisition 40% • Platform 25% • Marketing 15% • Legal 10% • Ops 10%
  Burnable: Tokens are backed by tangible asset acquisition as a hybrid business concept. The burn rate will depend on major milestone achieved by LVM for example the acquisition of key facilities and unique specimens based on rarity.
• Burn Mechanism
  Tokens from the burn reserve are destroyed upon major asset acquisitions.

Technology

LVM utilizes the robust and secure Ethereum blockchain to ensure the integrity and transparency of transactions. The token smart contract is developed using OpenZeppelin's industry standard libraries, ensuring security and compliance with ERC-20 and ERC-4626 standards. This is further audited by Certik, global regulatory contract security audit trusted by major token companies.

Security & Compliance

Security is paramount in the development and deployment of LVM. Our smart contracts will undergo rigorous audits by reputable firms to ensure they are free from vulnerabilities. Our contract is imbedded with anti-fraud and anti-whale features. Additionally, we will comply with all relevant securities regulations and conduct thorough checks to ensure the legitimacy of our token holders.

Roadmap

1. Phase 1: Concept, dev & audit, STO launch
2. Phase 2: IEO, token distribution, exchange listing
3. Phase 3: Platform launch & asset tokenization
4. Phase 4: Expansion, ERC-4626 vault & yield features

Team

Our team consists of experienced professionals in blockchain technology, finance, and the minerals and gems industry. Together, we are committed to realizing the vision of LVM and providing a secure and efficient platform for asset-backed investments.

Conclusion

Luminvault Mineral Token (LVM) represents a unique opportunity to invest in a token backed by tangible, appreciating assets. By leveraging blockchain technology, we aim to provide transparency, liquidity, and security to the traditional market for precious minerals and gems. Join us on this journey to revolutionize the way we invest in these valuable assets.