Liquid Mining Fund (LMX) P2P Order Book

The Realio Investment Platform now provides a peer-to-peer (P2P) Order Book for the Liquid Mining Fund (LMX).

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Liquid Mining Fund (LMX) P2P Order Book

LMX is a fully tokenized special-purpose vehicle that provides exposure to Bitcoin mining. It focuses on immersion cooling technology and sustainable power sources such as hydroelectric power.

Currently, Liquid Mining Fund directly holds private shares of a large, institutional-scale immersion miner, one of the lowest-cost producers of Bitcoin globally.

Going forward, Liquid Mining Fund plans to actively acquire Application-Specific Integrated Circuits (ASICs) by raising new capital and deploying funds from the proceeds of liquidating its existing holdings at opportunistic intervals.

Bitcoin mined from the operation of these ASICs will be distributed to holders of LMX.

The Benefits of the new LMX P2P Order Book include:

  • LMX P2P is non-custodial and requires no deposits or escrow. Every transaction is purely peer-to-peer, eliminating counterparty risks and intermediaries and staying true to the essence of decentralized finance
  • With LMX P2P, there is no slippage, front-running, or price manipulation, ensuring a transparent and fair pricing mechanism
  • Each swap involves two parties, two tokens, and a smart contract. Settlements are cost-effective and speedy, no matter the size or type of swap

To learn more about LMX, please visit https://liquidmining.fund/.

Below are directions to interact with the LMX P2P Order Book.

Creating a P2P Order on the LMX's Order Book

IMPORTANT: To participate in LMX P2P on the Realio Investment Platform, you must create an account at app.realio.fund, complete KYC, view the disclosure documents, hold Ethereum in your wallet for gas fees, and have your Ethereum wallet whitelisted. If you are a US-based investor, you must also become accredited.

For existing LMF holders, you must first convert your LMF tokens into LMX to participate. Full directions on how to do the conversion can be found here.

Step 1: Go to the Realio Investment Platform

Create or log in to your account on the Realio Investment Platform by visiting app.realio.fund.

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Step 2: Select Investment Opportunities

Open the “Investment Opportunities” tile by hitting it on the left-hand side of your screen.

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Step 3: Liquid Mining Fund LMX

Select the Liquid Mining Fund LMX title on the left-hand side of your screen. 

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Step 4: Compliance

To interact with the LMX P2P Order Book, you must complete/review:

  • KYC
  • Non-Disclosure Agreement
  • Reg-S Questionnaire
  • Whitelisting
  • Accredited Investor (US-only)
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Step 5: Select Tokens For Exchange

In the P2P module, select your asset from the left-hand side drop-down menu titled “You have.”

Note: If you have anything other than LMX, the “You want” field on the right-hand side will default to LMX.

Next, type in how much of the asset you want, or use the “Max” button to select all of your asset holdings.

On the right-hand side drop-down menu, select what asset “You want” and the amount.

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Note: If you do not have enough funds, a pop-up message will appear on the screen informing you. To add funds, you can proceed to open a simple swap or a bridge.

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Step 6: Review Gas Fees 

Once the upper part of the module is filled out, an ETH gas fee should appear. Review the gas fees and make sure you have ETH in your wallet to cover them.

Note: If you don't have enough ETH to cover the gas fees, you can add or buy ETH to your Realio wallet as follows:

  • Adding ETH: In the "Wallet" page, under “Native Cryptocurrencies,” select “ETH.” You'll find your Realio Wallet "Receive" address to send ETH to.
  • Buying ETH: At the bottom of the "Wallet" page, use the third-party provider to purchase ETH with a credit/debit card.
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Step 7: Set Expiration Time

Next, select how long you want your P2P order to be good for from the "Expire in" box. The minimum time you can set for the trade is 1 hour (60 minutes).

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Step 8: Set as Public or Private Order

Use the radio buttons on the right to select whether you want the order set as a public or private one.

If you choose public, anyone on the LMX P2P Order Book can see and take your order.

If you choose private, you will need to enter a counterparty email.

Please note that the recipient's email address you enter for the counterparty email should correspond to a Realio account holder, and it must align with the email they used to establish their Realio Investment Platform account.

The email address you enter will prompt an email letting the counterparty know there is a private order for their review.

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Step 9: Review and Confirm

Once done, select the "Create Order" button. This will prompt a 2FA code to be sent to your authentication or email. Type in the 2FA code. 

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Step 10: View Order

A pop-up screen will appear confirming that your order has been created and providing a link to share the P2P order.

As a reminder, if the order is set as private, the counterparty will also receive an email with directions to take it.

After a few minutes, you can view your order by scrolling down to the “Order List” and toggling on the “Your Orders” button. This will provide a list of all your open or closed orders.

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Steps to 'Take' a P2P Order

Note: To begin, follow steps 1-4 of "Creating a P2P Order on LMX's Dashboard" above and proceed to the steps below.

If you have received a private LMX P2P order, please log in to the Realio Investment Platform at app.realio.fund/login and proceed to step 2 below.

 

Step 1: Order List

Scroll down to the “Order List,” where you will see all orders available to take. Orders marked in green are “BUY” orders and those marked in orange are “SELL” orders.

Select the "TAKE" button on the right-hand side of the screen.

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Step 2: Review and Confirm

Review the "Take Order" module that appears, noting the exchange, gas fee, and expiration time. Once reviewed, select the "TAKE" button on the right-hand side and confirm the order by selecting the "Confirm" button on the right-hand side.

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Step 3: Two-step Verification

A two-step verification code screen will appear. Type in the 2FA code that was sent to your chosen authentication provider (either authenticator app or email).

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Step 4: Confirmation

Once you have successfully taken the order, a confirmation screen will appear. You can view your order in your "Past Order List" after a few minutes.

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P2P trading is one of many things you can do when you are an LMX investor. Checkout the Strategies for Liquid Mining Fund (LMX) Investors blog to learn more! 

Disclaimer: This communication is neither an offer to sell LMX tokens or any other security, nor a solicitation of an offer to buy any security, nor a recommendation of any security. Nothing in this message or on the Realio website constitutes investment advice or offers any opinion with respect to the suitability of any security for any holder, and the statements in this message should not be taken as advice to buy, sell or hold any security. A Disclosure Statement with important information about LMX tokens, including material risks of investing in LMX tokens, may be found at https://app.realio.fund/cv2/projects/lmx. The P2P Order Book does not quote prices or engage in market-making, and as a result may offer less liquidity and lower volume than a trading forum actively managed by a registered broker.

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