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.
🧭 A key strategic decision currently under review is whether to:
Tokenize the mining rights themselves as Real World Assets (RWAs), enabling fractionalized ownership of land/resource rights; or
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.
Last updated