LVG WHITE PAPER
LVG: Revolutionizing Physical Gold and Silver Ownership Through Digital Technology
The LVG Project introduces a groundbreaking approach to physical gold and silver ownership, leveraging the Ethereum blockchain as an accounting mechanism. Unlike traditional cryptocurrencies, LVG’s Ethereum Standard Assets (ESAs) serve as mere accounting units of measure without intrinsic value, while the real value lies in physical gold and silver. This white paper details the LVG ecosystem, highlighting the integration of blockchain technology for transparent and secure transactions. By offering customers the ability to buy, sell, and store physical gold and silver. LVG presents a novel opportunity to own physical gold and silver with a strong focus on asset ownership and security.
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
TABLE OF CONTENTS
INTRODUCTION
PROBLEM STATEMENT
SOLUTION OVERVIEW
LVG ECOSYSTEM
4.1 LVG ESAs
4.2 Ownership Gifting on the Ethereum Blockchain
4.3 NFT
4.4 Gaming
4.5 Metaverse
4.6 Alliances
4.7 LVG GOLD ( TOKEN BACKED BY GOLD)
4.8 LVG GOLD ( TOKEN BACKED BY SILVER)
4.9 LVG TOKEN
BENEFITS
5.1 Security and Ownership
5.2 Transparency and Accountability
5.3 Coinbase
5.4 Binance
5.5 Token Supply
5.6 Token Vesting
USE CASES
6.1 LVG ESA - An Accounting Unit
6.2 REFUND PROCESS
REGULATORY COMPLIANCE
7.1 KYC / AML
7.2 Privacy Policy
SECURITY MEASURES
8.1 Vault Storage Security
8.2 Blockchain Data Integrity
8.3 Automated Market Maker
ROADMAP AND FUTURE DEVELOPMENTS
9.1 Vault Storage Security
9.2 Blockchain Data Integrity
9.3 Agriculture
9.4 Energy
CONCLUSION
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
1. INTRODUCTION
LVG presents a pioneering solution for individuals seeking to invest in physical gold and silver while benefitting from the security and transparency offered by blockchain technology. The project leverages the Ethereum blockchain to accurately and immutably document token ownership.
2. PROBLEM STATEMENT
Traditional gold ownership often lacks security and accessibility. Customers face challenges in verifying the authenticity of gold and managing their investments efficiently. The need for a solution that offers secure ownership tracking, accessibility, and transparent transactions has prompted the development of the LVG project.
3. SOLUTION OVERVIEW
LVG bridges the gap between physical Gold , Silver and Token ownership with blockchain technology. Our platform ensures transparent and secure transactions through the integration of ESAs on the Ethereum blockchain. These ESAs serve as accounting units to document Gold , Silver and Token ownership ; Nevertheless a Token that will be utilized on the coin-base exchange.
4. LVG ECOSYSTEM
4.1 LVG ESAs
Unlike traditional cryptocurrencies, LVG ESAs represent units of measure used for accounting gold ownership. Each ESA corresponds to a specific amount of physical gold. The blockchain records ownership giftings and balances, enhancing transparency and eliminating the need for intermediaries.
4.2 OWNERSHIP GIFTING ON THE ETHEREUM BLOCKCHAIN
Ownership Gifting is executed through blockchain transactions, providing an immutable record of asset giftings. Users can gift ownership of their gold to others, verifying transactions securely on the Ethereum blockchain.
4.3 NFT - Legacy Valiance Gold is utilizing its platform for the Author to list their Token on the Blockchain and sell their unique items where they can be bought, sold and traded. On the smart contract the (ERC-721) Standard NFT known as (NON FUNGIBLE TOKEN) meaning it can’t be separated into units like a fungible cryptocurrency Token. This sets it apart as a unique digital asset.
4.4 GAMING - Legacy Valiance Gold is totally engaged into the digital market. LVG utilizes the (ERC-20) Token for Gamers and Coding (ERC-1155) giving options for the Gamer to participate in our ecosystem and compete in tournaments to earn winnings to be realized in GOLD and SILVER.
4.5 METAVERSE - Legacy Valiance Gold investors can virtually explore our ecosystem and select from a wide range of goods / services and have access to purchase our tangible (GOLD) asset.
4.6 ALLIANCES - Legacy Valiance Gold is excited to be partnering with organizations, small / large business as well as individuals with opportunities to form a successful and profitable alliance.
4.7 (ASSET - BACKED) Legacy Valiance Gold has created a WIN WIN situation. LVG offers Token backed by PURE (GOLD). This allows a Token holder the opportunity to potentially realize a return on their investment because the Token will be placed on several exchanges that will be marketable to the world. This is the WIN WIN Tangible (Asset) BACKED BY GOLD.
4.8 (ASSET - BACKED) Legacy Valiance Gold has created a WIN WIN situation. LVG offers Token back by PURE (SILVER). This allows a Token holder the opportunity to potentially realize a return on their investment because the Token will be placed on several exchanges that will be marketable to the world. This is the WIN WIN Tangible (Asset) BACKED BY SILVER.
4.9 LVG TOKEN Legacy Valiance Gold also offers a TOKEN without Gold or Silver that includes other components for its support that will generate liquidity for its ecosystem through gaming, NFTs, Alliances, Metaverse, etc.
7. REGULATORY COMPLIANCE
7.1 KYC/AML
Legacy Valiance Gold adheres to all regulatory requirements. These regulatory requirements include Know-Your-Customer (KYC), a critical component of Anti-Money Laundering (AML) procedures. KYC is a requirement for obtaining personal information about the customer to confirm their identity and safeguard against fraud or identity theft. AML is a program used by financial institutions to monitor transactions and customers to prevent money laundering and guard against questionable activities. To comply with security, KYC and AML are pre-purchase requirements.
7.2 PRIVACY POLICY
We at Legacy Valiance Gold LLC., together with our affiliates, respect your privacy and are strongly committed to keeping secure any information we obtain from you or about you. This Privacy Policy describes our practices with respect to Personal Information we collect from or about you when you use our website, applications, and services (collectively “Services”).
Personal Information We Collect: We collect personal information relating to you as follows:
Personal Information You Provide: We collect Personal Information if you create an account to use our Services or communicate with us as follows:
Account Information: When you create an account with us, we will collect information associated with your account, including your name, contact information, account credentials, payment card information and transaction history, (collectively “Account Information”).
User Content: When you use our Services, we collect Personal Information that is included in the input, file uploads, or feedback that you provide to our Services.
Communication Information: If you communicate with us, we collect your name, contact information, and the contents of any messages you send (“Communication Information”).
Other Information You Provide: We collect other information that you may provide to us, such as when you participate in our events or surveys or provide us with information to establish your identity (collectively, “Other Information You Provide”).
Personal Information We Receive Automatically From Your Use of the Services: When you visit, use, or interact with the Services, we receive the following information about your visit, use or interactions (“Technical Information”):
Log Data: Information that your browser or device automatically sends when you use our Services. Log data includes your Internet Protocol address, browser type and settings, the date and time of your request, and how you interact with our Services.
Usage Data: We may automatically collect information about your use of the Services, such as the types of content that you view or engage with, the features you use and the actions you take, as well as your time zone, country, the dates and times of access, user agent and version, type of computer or mobile device, and your computer connection.
Device Information: Includes name of the device, operating system, device identifiers, and browser you are using. Information collected may depend on the type of device you use and its settings.
Cookies: We use cookies to operate and administer our Services, and improve your experience. A cookie is a piece of information sent to your browser by a website you visit. You can set your browser to accept all cookies, to reject all cookies, or to notify you whenever a cookie is offered so that you can decide each time whether to accept it.
Analytics: We may use a variety of online analytics products that use cookies to help us analyze how users use our Services and enhance your experience when you use the Services.
How We Use Personal Information: We may use Personal Information for the following purposes:
To provide, administer, maintain and/or analyze the Services;
To improve our Services and conduct research;
To communicate with you; including to send you information about our Services and events;
To develop new programs and services;
To prevent fraud, criminal activity, or misuses of our Services, and to protect the security of our IT systems, architecture, and networks;
To carry out business transfers; and
To comply with legal obligations and legal process and to protect our rights, privacy, safety or property, and/or that of our affiliates, you or other third parties.
Aggregated or De-Identified Information: We may aggregate or de-identify Personal Information so that it may no longer be used to identify you and use such information to analyze the effectiveness of our Services, to improve and add features to our Services, to conduct research and for other similar purposes. In addition, from time to time, we may analyze the general behavior and characteristics of users of our Services and share aggregated information like general user statistics with third parties, publish such aggregated information or make such aggregated information generally available. We may collect aggregated information through the Services, through cookies, and through other means described in this Privacy Policy. We will maintain and use de-identified information in anonymous or de-identified form and we will not attempt to reidentify the information, unless required by law.
Disclosure of Personal Information: Exclusively for the purpose of complying with established Anti-Money Laundering and Know Your Customer requirements, we may provide your Personal Information to a third party.
Legal Requirements: We may share your Personal Information, including information about your interaction with our Services, with government authorities, or other third parties (i) if required to do so by law or if necessary to comply with a legal obligation, (ii) to protect and defend our rights or property, (iii) if we determine, in our sole discretion, that there is a violation of our terms policies, or the law, (iv) to detect or prevent fraud or other illegal activity; (v) to protect the safety, security, and integrity of our products, employees or users or the public, or (vi) to protect against legal liability.
Your Rights: Depending on location, individuals may have certain statutory rights in relation to their Personal Information. For example, you may have the right to:
Access your Personal Information and information relating to how it is processed.
Delete your Personal Information from our records.
Rectify or update your Personal Information.
Transfer your Personal Information to a third party (right to data portability).
Restrict how we process your Personal Information.
Withdraw your consent where we rely on consent as the legal basis for processing at any time.
Object to how we process your Personal Information.
Lodge a complaint with your local data protection authority.
You can exercise some of these rights, please submit your request through customerservice@LegacyValianceGold.com
Additional U.S. State Disclosures: The following provides additional information about the categories of Personal Information we collect and how we disclose that information. You can read more about the Personal Information we collect in the section “Personal Information We Collect” above, how we use Personal Information in the section “How We Use Personal Information” above, and how we retain Personal Information in “Security and Retention” below.
Identifiers, such as your name, contact details, IP address, and other device identifiers. We may disclose this information to our service provider for the purpose of AML/KYC compliance and to law enforcement and other third parties if presented with a valid legal order signed by a court of jurisdiction.
Commercial Information, such as your transaction history. We may disclose this information to law enforcement and other third parties if presented with a valid legal order signed by a court of jurisdiction.
Network Activity Information, such as Content and how you interact with our Services. We may disclose this information to law enforcement and other third parties if presented with a legal order signed by a court of jurisdiction.
Geolocation Data: We may disclose this information to law enforcement and other third parties if presented with a valid legal order signed by a court of jurisdiction.
Your account login credentials and transaction information (Sensitive Personal Information). We disclose this information to law enforcement and other third parties if presented with a valid legal order signed by a court of jurisdiction.
To the extent provided for by local law and subject to applicable exceptions, individuals may have the following privacy rights in relation to their Personal Information:
The right to know information about our processing of your Personal Information, including the specific pieces of Personal Information that we have collected from you.
The right to request deletion of your Personal Information;
The right to correct your Personal Information; and
The right to be free from discrimination relating to the exercise of any of your privacy rights.
We do not sell Personal Information or share Personal Information for ANY purpose other than law enforcement and other third parties if presented with a valid legal order signed by a court of jurisdiction.
Exercising Your Rights: To the extent applicable under local law, you can exercise privacy rights described in this section by submitting a request through customerservice@legacyvaliancegold.com
Verification: In order to protect your Personal Information from unauthorized access, change or deletion, we may require you to verify your credentials before you can submit a request to know, correct or delete Personal Information. If we cannot verify your identity, we will not be able to honor your request.
Authorized Agents: You may also submit a rights request through an authorized agent. If you do so, the agent must present signed written permission to act on your behalf and you may also be required to independently verify your identify and submit proof of your residency with us. Authorized agent requests can be submitted to customerservice@legacyvaliancegold.com
Appeals: Depending on where you live, you may have the right to appeal a decision we make relating to requests to exercise your rights under applicable local law. To appeal a decision, please send your request to customerservice@legacyvaliancegold.com
Children: Our service is not directed to anyone under the age of 18. Legacy Valiance Gold does not knowingly collect Personal Information from children under the age of 18. If you have reason to believe that a child under the age of 18 has provided Personal Information to Legacy Valiance Gold through the Service, please email us at customerservice@legacyvaliancegold.com. We will investigate any notification and if appropriate, delete the Personal Information from our system.
Links to Other Websites: The Service may contain links to other websites not operated or controlled by Legacy Valiance Gold, including social media services (“Third Party Sites”). The information that you share with Third Party Sites will be governed by the specific privacy policies and terms of service of the Third Party Sites and not by this Privacy Policy. By providing these links we not imply that we endorse or have reviewed these sites. Please contact the Third Party Sites directly for information on their privacy practices and policies.
Security and Retention: We implement commercially reasonable technical, administrative and organizational measures to protect Personal Information both online and offline from loss, misuse and unauthorized access, disclosure, alteration or destruction. However, no Internet or email transmission is ever fully secure or error free. In particular, email sent to or from us may not be secure. Therefore, you should take special care in deciding what information you send to us via the Service or email. In addition, we are not responsible for circumvention of any privacy settings or security measures contained on the Service, or third-party websites.
We’ll retain your Personal Information for only as long as we need in order to provide our Service to you, or for other legitimate business purposes such as resolving disputes, safety and security reasons, or complying with our legal obligations. How long we retain Personal Information will depend on a number of factors, such as the amount, nature, and sensitivity of the information, the potential risk of harm from unauthorized use or disclosure, our purpose for processing the information, and any legal requirements.
International Users: By using our Service, you understand and acknowledge that your Personal Information will be processed and stored in our facilities and servers in the United States and may be disclosed to our service providers and affiliates in other jurisdictions.
Legal Basis for Processing: Our legal basis for processing your Personal Information include: Performance of a contract with you when we provide and maintain our Services. When we process Account Information, Content, and Technical Information solely to provide our Services to you, this information is necessary to be able to provide our Services. If you do not provide this information, we may not be able to provide our Services to you.
Our legitimate interests in protecting our Services from abuse, fraud or security risks, or in developing, improving or promoting our Services. This may include the processing of Account Information, Content, Social Information and Technical Information. Your consent when we ask for your consent to process your Personal Information for a specific purpose that we communicate to you. You have the right to withdraw your consent at any time.
Compliance with our legal obligations when we use your Personal Information to comply with applicable law or when we protect our affiliates, users or third parties, rights, safety and property.
Data Transfers: We will use appropriate safeguards for transferring Personal Information outside of certain countries. We will use appropriate safeguards for transferring Personal Information outside of certain countries. We will only transfer Personal Information pursuant to a legally valid transfer mechanism.
Data Protection Officer: You can contact our data protection officer at privacy@legacyvalianegold.com in matters related to Personal Information processing.
Changes to the Privacy Policy: We may update this Privacy Policy from time to time. When we do, we will post an updated version on this page, unless another type of notice is required by applicable law.
5. BENEFITS
5.1 SECURITY AND OWNERSHIP
The Ethereum blockchain ensures transparency by recording all Token transactions in an immutable and auditable manner. Each transaction is timestamped and cannot be altered, providing users with confidence in their Gold and Token ownership.
When a Valiance Gold customer purchases an LVG (TOKEN) they will also receive a (certificate of authenticity) and ownership of there tangible asset (GOLD).
By combining physical (GOLD or SILVER) with a Token LVG offers a secure and tamper-proof ownership tracking system so the Users have full control over their assets and can verify ownership at any time.
Legacy Valiance Gold utilizes the Ethereum blockchain to provide a ledger for tracking investors’ purchases which are immutable.
5.2 TRANSPARENCY AND ACCOUNTABILITY
The Ethereum Blockchain provides a robust and secure platform for LVG’s operations. It ensures fast transaction confirmations, security and immutability for ownership records. The Ethereum blockchain is also known for smart contracts, which are codes running on top of the blockchain. The smart contracts contain rules to be followed for the nods to agree in order to interact with each other.
Legacy Valiance Gold customers will have a long term benefit of holding a Token backed by a tangible assets (GOLD) or (SILVER).
5.3 COINBASE
Coinbase VASE security allows users to explore investments while enabling traders to manage their portfolios. Coinbase is one of the largest platforms in the world that allows users to withdraw cryptocurrencies and traditional currencies as well. Coinbase allows users to easily deposit and withdraw fiat currencies too, making it convenient for users. Coinbase is one of the most regulated crypto exchanges in the industry, complying with regulations to ensure a safe trading environment for its users.
5.4 BINANCE
As one of the largest cryptocurrency exchanges in the world, Binance allows users a diverse range of digital assets. Binance has robust security to protect users’ personal information and funds. Binance also has low trading fees. It has high trading volumes so users can easily and quickly execute trades. The Binance interface is user-friendly when navigating the platform and also offers margin trading. Binance is a reliable, feature-rich platform for trading.
5.5 TOKEN CIRCULATION
Legacy Valiance Gold / Token Circulation Supply of 700 Million and 300 Million Private consolidates with our Environment.
5.5 TOKEN VESTING
This is about staying steady over time. Tokens released during the (TGE) Token Generation Event easing the process from token holders dumping to fast.
5.6 Cliff Period
The timeline is realized through Legacy Valiance Gold for every 30 days for tokens to be allocated, Longevity is key.
5.7 EMISSION SCHEDULE
Legacy Valiance Gold layout for every 12 months will be unlocking 10% of LVG tokens every 30 days. This process of incentive managing token inflation.
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
6. USE CASES
6.1 STORAGE OPTIONS
At the time of purchase, customers can choose to have their gold shipped to their homes or stored securely in LVG’s vault with no shipping charge. Vault storage offers insurance coverage for the stored gold. All gold is stored in the name of the customer, (NOT LVG). LVG has no claim to any customer gold.
6.2 REFUND PROCESS
Customers unsatisfied with their purchase can request a refund. The refund process involves sending the specific amount of LVG back to LVG’s “Refund” account, this incurs a minimal blockchain transaction fee that is paid for by LVG.
If the customer chooses to have the LVGs shipped to their home:
A 100% refund of the original sales price, minus 20%, will be issued within 24 hours after receipt of the Legacy Valiance Gold Product.
If customer elected to have the LVG stored at LVG’s vault:
A 100% refund of the original sales price minus 10% will be issued within 24 hours of the transaction being posted on the blockchain.
6.3 OWNERSHIP GIFTING
Users can give the gift of gold or silver to others by sending a Gift Receipt to the recipient. This transaction is recorded using the blockchain. A nominal blockchain transaction fee is incurred for this process, and this fee is paid for by LVG.
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
8. SECURITY MEASURES
8.1 VAULT STORAGE SECURITY
Legacy Valiance Gold ensures vault storage. For users who choose vault storage, LVG’s vaults are equipped with advanced security measures, including physical security, surveillance and insurance coverage for the current market value of all gold stored. Storing your gold protects your investment. While displaying your gold can be a good conversation starter, it has potential to be lost, stolen or damaged. Some people choose to store their gold at home. The security measures also include security personnel, which includes safe keeping of your gold. The investor also has the security which is contained with their certificate of authenticity and ownership. This certificate safeguards against fraud, determines quality and value, while providing customers peace of mind.
8.2 BLOCKCHAIN DATA INTEGRITY
The Ethereum blockchain guarantees data integrity, preventing unauthorized access or modification of ownership records. Transactions are transparent and tamper-proof.
8.3 AUTOMATED MARKET MAKER (AMM) A decentralized exchange where smart contracts allows digital assets to be traded for users.
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
9. ROADMAP AND FUTURE DEVELOPMENTS
9.1 Future Developments - LVG envisions continuous enhancement of its platform. Future developments include expanding the range of accepted payment methods, enhancing user experience and integrating additional features to accommodate evolving user needs.
9.2 Roadmap-Through the Legacy Valiance Gold ecosystem while in the digital market, we’re focused on giving an understanding to individuals worldwide about the tangible assets (GOLD) and (SILVER).
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
10. CONCLUSION
LVG represents solutions that leverage the Ethereum Blockchain to revolutionize physical gold ownership. By combining transparency, security and accessibility of our Ecosystem with physical (GOLD), LVG offers users a novel investment avenue, prioritizing ownership and trust.
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER
DISCLAIMER
The LVG project, as described in this white paper, is a conceptual representation and does not constitute financial advice or an offering of securities. The white paper is for informational purposes only and should not be interpreted as a guarantee of outcomes. Potential customers and users are encouraged to conduct thorough research and consult with financial professionals before making investment decisions. Legacy Valiance Gold is not responsible for any financial losses or gains resulting from transactions made on the content of this white paper.
LEGACY VALIANCE GOLD WHITE PAPER
LEGACY VALIANCE GOLD WHITE PAPER