SALCO Acquires USD $9 Million of Limitless’ $GEMS - Leveraging Everest’s Ecosystem of Custody, Tokenization & Infrastructure
October 08 2024 - 5:59PM
Limitless marked a significant milestone in their tokenization
journey with a USD $9 million sale of their ecosystem RWA 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 opted to financially structure part of its
operation in $GEMS tokens instead of actual emeralds unlocking the
benefits of tokenized “real” Real World Assets - including
portability, fungibility, and collateralization. "We are thrilled
to work with Everest, and trust its world-class platform and
management with full confidence. The $9M GEMS deal opens our
ability to transact with previously illiquid assets, bringing SALCO
into the new tokenized future," said Juan Lasheras-Bunge of
SALCO.Limitless, in collaboration with Everest, announced the
launch of USD $20 million $GEMS tokens, backed by over USD $600
million in liquid assets. This launch introduced the first Real
World Asset token of its kind in the RWA tokenization space.$GEMS
are available through the EverLaunch
platform, https://everlaunch.org/gems at a fixed price of
USD $1 per token, allowing individuals to purchase with fiat or
swap with crypto; the remaining $GEMS will be for sale until
December 15, 2024. $GEMS are also tradable on QuickSwap
at https://quickswap.exchange/#/swap?currency0=0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359¤cy1=0x25eFae7B0b2866CaFB14E8eaD333a42eeb2A0b80&swapIndex=0Key
benefits of $GEMS include:
- Access a multi-billion dollar mining ecosystem
- Industry-leading 4X refund policy
- Backed by $600M+ in collateral
- Stake for 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 within the sector. Their decision to
leverage the Everest ecosystem underscores the confidence both
SALCO and Limitless have in the security, innovation, and long-term
viability that Everest provides,” said Matteo Rosetti, General
Manager of Limitless.Join the $GEMS
CommunityX: https://x.com/GEMScommunityTelegram: https://t.me/GEMS_Token_CommunityTelegram
(News): https://t.me/GEMS_Token_NewsAbout Viaarpe LimitlessA
global, multi-billion dollar mining conglomerate in operation for
more than 20 years across three continents, Viaarpe Limitless has a
proven track record of harvesting gemstones, precious metals,
rare-earth elements and minerals. Viaarpe Limitless is working to
change how people discover, purchase, and use gemstones with the
$GEMS token offering. For more info,
visit: https://viaarpelimitless.com/Contact: mexico (at)
viaarpelimitless.comAbout SALCOSALCO develops and commercializes
properties for the mining industry, primarily in the “Lithium
Triangle”, and strategic reserves in other Argentine provinces.
We simplify the acquisition of mining properties for lithium
specialized companies in the extraction of this mineral, essential
for the current energy transition. For more info,
visit: https://salco.com.ar/index_ing.htmlContact:
https://salco.com.ar/contacto_ing.htm
Disclaimer: The information provided in this press release is
not a solicitation for investment, nor is it intended as investment
advice, financial advice, or trading advice. Cryptocurrency mining
can involve risk. There is potential for loss of funds. It is
strongly recommended you practice due diligence, including
consultation with a professional financial advisor, before
investing in or trading cryptocurrency and securities.
Andrés Gutiérrez
Technical Area Vice President
Viaarpe Limitless
mexico (at) viaarpelimitless.com
jlb (at) salco.com.ar