LumiToken
The main utility of $LUMI tokens extends beyond a mere medium of exchange on LumiPlace; it’s a key to returns from renewable energy investments. LumiShare plans to expand its utility as a payment method in selected marketplaces, redefining the role of digital currencies in practical, everyday transactions.
It’s more than just money – it’s your key to investing in renewable energy.
The $LUMI token is changing the game in crypto currency. $LUMI will be backed by three unique assets: physical gold, a cash reserve, and advanced technology. These assets are not in any way pegged and will solely be utilized as company assets to ensure long-term sustainability, in accordance with a sophisticated tokenomics that the company has formulated for the next few decades, which also incorporates the concepts of locking and burning.
It is planned that the $LUMI, which currently runs on the Binance Smart Chain (BSC BEP20) network, expand to a multi-chain consisting of the ERC20 (Ethereum) and Matic (Polygon) networks. The $LUMI token offers remarkable transaction speed, averaging a block time of merely three seconds, and exceptionally low transaction fees, ranging from $0.001 to $0.04.
$LUMI TOKEN will be BACKED BY 3 Uncorrelated Assets
Physical Gold
We will keep a physical gold reserve equivalent to a certain percentage of the all-time high Market Cap. The Gold will be stored in a safe room at a bank in Abu Dhabi in a transparent manner, and LumiShare will provide certificates of the quantity and quality of the gold via the website.
Recovery Fund
"The backup of the backup". Our Cash reserve is built from the margins between the gold market price and our gold price. Once it will start, every month, a famous law firm will provide a letter with proof of funds, which we will publish on our website.
