Viscount Mining Corp is a mining and exploration company that is building a portfolio of high quality exploration properties in mining-friendly jurisdictions within the US. The company mines minerals among them precious metals. Currently the company has another partnership with Centerra Gold that is at the moment drilling Cherry Creek, Nevada with a focus on gold, silver and base metals.
Lux on the other hand is a is an exchange that leverage’s blockchain technology and real-world asset storage to create unique investment opportunities. The platform is revolutionary and has a large ecosystem of global markets. Lux also leverages financial technology and partnerships with regulated and licensed money transmitters to enable institutions to take advantage of blockchain technology use cases in a tax and regulation compliant ecosystem. The firm, based in The Isle of Man, is also compliant to KYC(Know Your Customer) and AML(Anti-Money Laundering) requirements.
Consequently, to leverage the best from each side, Lux Exchange and Viscount Mining Corp have formed an alliance to add up to 5 million ounces of silver to the Lux Exchange Platform. The sales agreement forms the world’s fist silver-backed NFTs. While expressing Viscount’s excitement, CEO Jim MacKenzie is confident that its assets will get access to global markets while yielding many benefits from selling the assets in this manner therefore, allowing viscount to accelerate the development and exploration of their idle properties.
Marcus Weller, CRO(Chief Revenue Officer) of Lux, has welcomed Viscount to its family and lauded its commitment to availing high quality silver that aligns perfectly with its mission to innovate a secure and stable exchange for its clients while using Lux NFTs to provide liquidity and universal access to the silver market and usher in a new era of tokenization of real-world assets to bring about fair distribution of the world’s most valuable assets.
This sales agreement is the first of its kind and aims to revolutionize the traditional precious metal trading system and bring it to a digital era with infinite opportunities and capabilities. The traditional system is also riddled with a lot of issues including, theft, fraud, lack of transparency in trade deals as well as lack of proof of ownership of precious metals as the system being utilized is manual. Lux exchange on the other hand, has a protocol called Lux Bridge that utilizes ZK(Zero-Knowledge) proofs to secure assets and enable private transactions over its network. Its crypto and fiat transactions can process Swift and Fed wires natively on the blockchain while maintaining the highest level of security and privacy. All these attributes plus the ability to track transactions through a robust decentralized ledger form an recipe to achieve explosive growth. The agreement is very new putting the partnership at its early stages. However, time will spell out the imminent success of this alliance
