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LumiToken
LumiShare has launched the Trust token, $LUMI, which is backed by three uncorrelated assets:
Physical gold, the recovery fund (the cash reserve), and Technology (the stabilization algorithm) The Lumi token is NOT a stable coin; it is a unique token with limited downside and unlimited upside and its floor price will always be correlated with its all-time high market cap value. On every new all-time high market cap record, LumiShare will increase the Gold and Cash reserves, and the floor price will be increased accordingly.
The primary utilization of $LUMI tokens is to pay on LumiPlace and receive returns from renewable energy asset investments through our platform.
$LUMI TOKEN 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.
