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

# Introduction to Lumi Vaults

### Project Overview

**LumiVault** is a next-generation **RWA + DeFi platform** developed by **GMEFI Inc.**, aiming to tokenize real-world mining assets and make them accessible through blockchain. The project is backed by extensive mining operations across **Asia and Africa**, with secured rights to extract **gold, precious earth metals, and other valuable minerals**.

**As of May 2024**, **LumiVault's parent company** has **secured long-term mining rights** and is scheduled to begin **gold extraction** in the **fourth quarter of 2025**. Based on the projected **daily ore processing capacity of 300 tonnes** over approximately **9 years and 3 months**, a total of **89.85 metric tonnes of gold** is expected to be recovered. This corresponds to an average **ore grade of approximately 88.6 grams per tonne**, representing a total **market value of around ₩10 trillion KRW** (approximately **$7.3 billion USD**).

⛏️ The extracted gold is stored in **insured third-party vaults** and undergoes **on-chain reserve verification**. These verified reserves are then used to **mint LVT tokens**, which can be purchased using **USDT, USDC, or ETH**. Users may redeem their LVT tokens for **Paxos Gold (PAXG)**, ensuring liquidity and real-world asset backing without speculative risk.

<figure><img src="https://174088144-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYvmCb6HnibQFgW1uIf2t%2Fuploads%2FLTVu4lQtZaUGwuavfWwF%2Fimage.png?alt=media&amp;token=46befd37-dd20-4ee4-a619-7a35c4f82b7f" alt=""><figcaption></figcaption></figure>

A key strategic decision currently under review is whether to:

1. Tokenize the mining rights themselves as **Real World Assets (RWAs)**, enabling fractionalized ownership of land/resource rights; or
2. Retain centralized control and instead **distribute mining profits as dividends** to token holders.

LumiVault is committed to selecting the structure that offers **maximum investor benefit** while ensuring long-term **sustainability, transparency, and compliance** with global financial regulations.