Limitless marked a significant milestone in its tokenization journey with the US$9 million sale of its RWA ecosystem token to SALCO (South American Lithium Company), a key institutional partner in the Latin American mining industry. The purchase highlights Everest’s ability to tokenize real-world assets and facilitate liquidity.
SALCO has chosen to financially structure a portion of its operations in $GEMS tokens instead of real emeralds, thereby unlocking the benefits of real-world tokenized “real” assets, including portability, fungibility, and collateral. “We are excited to work with Everest and trust its world-class platform and management with confidence. The $9 million GEMS deal opens up our ability to transact with previously illiquid assets, bringing SALCO into the new symbolic future,” said Juan Lasheras. SALCO Bunge.
Limitless, in collaboration with Everest, announced the launch of $20 million in $GEMS tokens, backed by over $600 million in liquid assets. This launch introduced the first Real World Asset token of its kind to the RWA tokenization space.
$GEMS is available through the EverLaunch platform, at a fixed price of $1 USD per token, allowing individuals to purchase with fiat currency or trade with cryptocurrency; the remaining $GEMS will be on sale until December 15, 2024. $GEMS are also tradable on QuickSwap at https://quickswap.exchange/#/swap?currency0=0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359¤cy1=0x25eFae7B0b286 6CaFB14E. 8eaD333a42eeb2A0b80&swapIndex=0
The main benefits of $GEMS include:
- Access a multi-billion dollar mining ecosystem
- Industry leading 4X refund policy
- Backed by over $600 million in guarantees
- Stake up to 20% APY
- Earn referral rewards
“SALCO, a leading player in the mining industry, investing $9 million in $GEMS is a strong validation of our vision to unlock value for institutions in the sector. Their decision to leverage the Everest ecosystem underscores the confidence that SALCO and Limitless have in the safety, innovation and long-term viability that Everest offers,” said Matteo Rosetti, Managing Director of Limitless.
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About Viaarpe Limitless
A multi-billion dollar global mining conglomerate operating for over 20 years on three continents, Viaarpe Limitless has a proven track record of harvesting precious stones, precious metals, rare earth elements and minerals. Viaarpe Limitless strives to change the way people discover, purchase and use gemstones with the $GEMS token offering. For more information, visit: https://viaarpelimitless.com/
Contact: (email protected)
About SALCO
SALCO develops and markets properties for the mining industry, mainly in the “Lithium Triangle”, and strategic reserves in other Argentine provinces. We simplify the acquisition of mining properties for companies specializing in lithium in the extraction of this mineral essential to today’s energy transition. For more information, visit: https://salco.com.ar/index_ing.html
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