Ni Token
- Ni Token will be launched after the official LUMI main net is live.
- It is the stable token that is pegged to Nickel value
- 1Ni Token = 1oz of Nickel
- It is to provide an alternate form of payment within LUMI Network to have certain stability in prices and value transfers.
Why Ni Token (LUMI Stable Coin)
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Full Compliance
Geneva Capital Pte Ltd, co-founding team of LUMI will be registering capital market license with the Monetary Authority of Singapore, specifically to issue a security that complies with the security and future Act of the law.
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Limited Issuance with 100% Back-Up and Documentation
Nickel deposit will be placed into custody with a safekeeping receipt (SKR) Each time SKR is submitted to the declaration, a new Ni Token will be minted.
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Always Open to External Audit
Credibility and Trust are the biggest issues when it comes to stable coins. LUMI invites all outside parties for security & financial audit shall there be any doubt in terms of transparency in the issuance of the stable coin,Ni Token.