Now that a lot of people are coming into the crypto space and BTC is basically been the hottest thing for the last couple of years (and somehow still getting even hotter), I thought it would be a good time to share about Lohko Wallet.
The Lohko Wallet is an exceptional digital wallet that provides its stakeholders an opportunity to invest in real-time, gold and silver bars. These gold and silver bars are digitized and are converted to Non-Fungible Tokens (NFTs), accompanied by their respective certificate of ownership and serial numbers. Not only that, but users’ assets also have their own correlative physical gold and silver bars which are stored in a vault. BullionStar, the Singapore gold, and silver trading company, is the one responsible for safekeeping these lifetime investments into their secured vault.
To serve its purpose, the Lohko wallet community has provided its initial guidelines on how its users can purchase gold and silver bars through crypto and fiat currencies:
Stakeholders firstly need to sign up with their personal Lohko Wallet. Upon conclusion of the registration process, they can directly purchase gold and silver bar/s through the Lohko website. This will ensure that consumers will avail themselves a competitive industry rate equal to or matching that of BullionStar’s offer. Users can pay the assets through direct bank transfer in US Dollars, Euro, Singapore Dollars, or through cryptocurrency in USD Coin (USDC).
Lohko’s system then proceeds with automatically digitalizing the ownership certificate together with the gold bar/s serial number. This certificate together with the confirmed serial number/s shall be received by the user in their Lohko wallet after the purchase.
Lohko’s partnering company BullionStar shall receive the notification of purchase of gold and shall proceed on storing the physical gold bar in their vault. Lohko has given its users the authority to make ownership transfers of their assets to any of their determined contacts, sell their NFT gold in NFT market places, or even sell their gold back to Lohko in exchange for crypto and/or fiat currencies.
Gold bars which are stored in BullionStar’s vault are subject to a storage fee of 0.5% once per year. Silver bars have their own storage fee of 0.7%. The Lohko team shall be responsible for sending the notification in advance for payment of the storage fee.
Friendly reminder that Lohko follows its goal to maintain transparency towards its stakeholders by providing a vault report catered in a public ledger on the blockchain. Users can view the report anytime to confirm if their assets are still secured and existing. It shall also be noted that terms, conditions, and Know Your Client (KYC)/ Anti-Money Laundering (AML) requirements apply to this transaction.
You can now sign-up for Lohko wallet and be part of Lohko’s testing group and the first batch of actual consumers. Lohko wallet’s groundbreaking launch shall open a future full of unimaginable possibilities as it began with introducing quality alternative investment opportunities while at the same time securing its users’ control and authority of full liquidity to all of their holdings. As cryptocurrency takes its place in present-day trading, it shall consistently promote itself to be an indispensable part of the world’s financial ecosystem.
P.S. ... Gold should be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline.
