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)
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.
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.
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.