The driving idea behind LWIZ is simple but bold: create a token that is always priced higher than Bitcoin. Bitcoin remains the foundation of digital value, the first asset to prove that decentralized scarcity could exist. It has set the benchmark for the entire ecosystem.
In all the years since Bitcoin’s creation, no token has ever managed to rise above it. There are many reasons why that might be the case, but it’s precisely that gap that inspired me. I wanted to see if it was possible to design a system where the relationship to Bitcoin wasn’t accidental or market-driven, but deliberate and enforced by code.
LWIZ achieves this by anchoring itself to Bitcoin’s live price and then applying a formula that guarantees a premium. Every mint requires more than the current Bitcoin value, ensuring LWIZ is always created at a higher price point. This is not about replacing or devaluing Bitcoin, it’s about building a new class of asset that coexists with it, while pushing the boundaries of what programmable scarcity can mean.
In short, LWIZ exists because I wanted to test whether a digital asset could be engineered to permanently hold itself above Bitcoin, not through hype or manipulation, but through transparent rules encoded on-chain.
Not to compete with Bitcoin, not to replace it, but to create something that lives alongside it. A token that respects Bitcoin’s value as the foundation and then builds on top of it. That thought experiment is what gave birth to LWIZ.
Vision and Rationale
LWIZ started as a challenge to myself:
- Could I create a token with no premine and no insider advantage?
- Could scarcity be enforced programmatically, with no shortcuts?
- Could Bitcoin be used as a reference point for value, not to copy it, but to honor it?
Why the Name “LWIZ”?
The name LWIZ comes directly from my Moroccan background. In Morocco, “lwiz” is a local term used to describe an old, valuable gold coin that carried prestige and recognition. It was more than just currency, it symbolized wealth and status across generations.
The word itself traces back to the Louis d’or, a French gold coin first minted in the 17th century under King Louis XIII. These coins circulated widely and eventually found their way into North Africa, where they became embedded in local culture and language. Over time, “Louis” transformed into “lwiz” in Moroccan dialect, carrying the same sense of rarity and value.
By naming the token LWIZ, I wanted to capture that heritage of scarcity and prestige, while connecting it to a modern experiment in programmable assets. Just as the old lwiz coin was known for its weight in gold, the LWIZ token is designed to hold its value above Bitcoin by rule of code.
Why EVM?
When it came to choosing the platform, the Ethereum Virtual Machine was the natural fit:
- Ubiquity: Most wallets, exchanges, and DeFi protocols already support it.
- Maturity: The EVM has years of real-world battle testing behind it.
- Accessibility: Anyone with MetaMask or similar tools can interact with LWIZ right away.
This isn’t about reinventing infrastructure. It’s about building a new kind of asset on top of infrastructure people already know.
Why ERC-20?
ERC-20 is the lingua franca of tokens. By adopting it, LWIZ becomes instantly compatible with the broader crypto ecosystem:
- Transferable in any ERC-20 wallet.
- Tradable on decentralized exchanges.
- Integratable into lending, staking, and liquidity protocols.
Choosing ERC-20 wasn’t about being flashy. It was about making LWIZ usable from day one.
How LWIZ Works
At its core, LWIZ is built on three design pillars:
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Minting Formula
- Mint price = Bitcoin price (via Chainlink) + fixed offset + linear slope based on supply.
- This ensures LWIZ is always above Bitcoin by design.
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Scarcity
- Maximum supply of 10,000,000 tokens.
- No premine, no early advantage. Every token must be minted.
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Treasury Transparency
- Every USDC deposit for minting goes straight to the treasury.
- No hidden flows, no backdoors.
Key Features
- Above Bitcoin by Design: LWIZ respects Bitcoin as its floor and programs a premium on top.
- Provable Scarcity: Supply is capped and enforced by code.
- Community Driven: Users mint their own tokens; there are no insiders.
- DeFi Ready: Instantly compatible with the Ethereum ecosystem.
- Transparent Treasury: All minting collateral is visible on-chain.
Security Considerations
From the start, security was non-negotiable:
- Chainlink Oracles: Industry-standard BTC/USD feed for reliability.
- Reentrancy Protection: Guarded minting functions.
- Safe Math Libraries: Prevent overflows and underflows.
- Pausable Contract: Minting can be stopped in emergencies.
- Immutable Formula: The core minting logic cannot be changed.
User Journey
Minting LWIZ is simple:
- Contract checks Bitcoin’s price from Chainlink.
- Formula calculates the minting price.
- Deposit USDC into the LWIZ contract.
- LWIZ is minted directly into user wallet.
No middlemen. No hidden mechanics. Just math.
Why Source Available but Proprietary?
I chose to make both the LWIZ smart contract and the dApp source available but under a proprietary license.
The reason is simple: I want transparency without uncontrolled forks.
- Transparency: Anyone can read and review the code. You don’t have to trust me blindly, the logic is visible, verifiable, and testable.
- Protection: A permissive open-source license would allow quick copy-pastes, diluting the experiment before it even has time to mature. By keeping the license proprietary, I can protect LWIZ from fragmentation and brand confusion.
- Balance: This approach strikes a middle ground, the community gets full visibility into how the system works, but the identity and integrity of the project remain intact.
LWIZ is not about hiding code. It’s about ensuring that the experiment unfolds in one clear direction, without clones or lookalikes muddying the waters.
Risks and Disclaimers
LWIZ is experimental. It’s an exploration into programmable scarcity, not a guaranteed financial instrument. Risks include:
- Volatility in crypto markets.
- Dependence on Chainlink oracles and stablecoin infrastructure.
- Max supply cap, once reached, no more LWIZ can ever be minted.
This is not financial advice. Only mint what you are comfortable with.
Closing Thoughts
Bitcoin remains the foundation of digital value. LWIZ doesn’t challenge that, it acknowledges it. The project exists because I wanted to see if a token could be programmed to always live above Bitcoin, with scarcity embedded in its DNA.
LWIZ is my experiment, my contribution, and my question to the crypto community: what happens when we build assets that don’t just follow markets, but define their own rules?