# 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="/files/6bnKSqEJycbMww9g6fHZ" 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.


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