Business Plan
DIGITAL ASSETS
The LODE Project has constructed a novel token economic system comprised of the LODE Token (system asset) and the AGX (one-silver gram) and AUX (one-gold milligram) Coin(s). Together, the LODE Token, AGX, and AUX Coins form a global, digital, asset-backed money system. LODE Community Members will be able to send, spend, and build wealth using digital bullionbacked money, enabling a more accessible global financial system. LODE TOKEN The LODE Token is a security token and it serves as a form of virtual equity, providing a digital bond that represents the receipt for the metal added to the LODE Vaults. LODE Token Holders are considered holders of Virtual Equity in the LODE1 Anstalt (“LODE1”). LODE Token Holders will receive full rewards and 100% of all declared profits of the LODE Platform. VIRTUAL EQUITY Virtual Equity provides LODE Token Holders with the financial benefits associated with regular equity structures. The only difference is that the tokens currently hold no voting rights. By excluding voting rights, LODE Tokens become more easily transferable and exchangeable around the globe and still rewards the stakeholder with all the financial rights and returns that traditional equity entails.
LODE Community Members will be able to send, spend, and build wealth using digital bullion-backed money, enabling a more accessible global financial system.
100% of all profit distributions will be paid to LODE Token Holders, no third parties or other investors will receive any distributions. If LODE1 is sold, 100% of the net proceeds after payment of debts and taxes will be paid to LODE Token Holders. AGX COIN AGX Coin is a stable asset designed for commerce and backed by physically vaulted silver. Designed to be an easy part of everyday commerce, each AGX Coin is backed by one gram of vaulted, audited, and insured 999.9 investment-grade silver. AUX COIN AUX Coin is a stable asset designed for commerce and backed by physically vaulted gold. Also designed to be an easy part of everyday commerce, each AUX Coin is backed by a one-milligram of vaulted, audited, and insured 999.9 pure gold. COIN REDEMPTION, MINTING, DISTRIBUTION The two coins will initially be issued on Hyperledger but will be available to move to additional chains, beginning with Syscoin. The design of the coins has been structured to ensure that it is not considered a security under an EU law (MIFID 2), where the LODE Project has legal jurisdiction. LODE will not accept, process, or facilitate the redemption of AGX for silver and AUX for gold prior to an individual completing their KYC. LODE will follow regulatory compliance. Any LODE facilitated transfers of assets between chains, persons, or exchanges will require both parties to provide proof they have gone through the appropriate KYC and agreed to the terms of the investment contract. Both AGX and AUX may be transferred off of the LODE centrally controlled blockchain to a public decentralized network, and vice versa. No Money Service Brokers, Custodians, or Broker/Dealers responsibilities are considered at this time for these transfers.
9
