Greetings!What are the costs of custody bot development?
Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300 What are MNT tokens?
MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions. Who is the escrow of GoldMint wallets and who will check the expenditures of the funds raised during ICO?
The board of directors of GoldMint company - Dmitry Pluschevsky, Konstantin Romanov, Igor Ryabenky (Altair Capital) and two independent directors will check the expenditures. They approve the company’s budget for the development. With regards, team GOLDMINT
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Greetings!What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
If the audit results show that, the value of physical gold is less than the number of the GOLD tokens emitted, the excess amount of GOLD will be written off automatically from the company wallet via the smart contract. How can i buy gold?
People who want to trade GOLD for fiat or cryptocurrency need to undergo GoldMint's KYC procedure. You can also get GOLD when you transfer your physical gold to Custody Bot or to GoldMint’s partner banks. Why does gold jewelry need extra examination from a specialist?
Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity. With regards, team GOLDMINT
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Greetings!What are some of the gold applications?
Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives. What are graphene’s advantages compared to ethereum and other blockchains?
Graphene is cheaper, there is no charge for ether commissions. Graphene, too, is optimized for GOLD transactions therefore its executes its blocks faster and more effectively and it’s safer in that it uses its own coins rather than turing-complete smart contracts. How can mnt tokens be purchased?
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker. With regards, team GOLDMINT
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i like this project, i will see for depelovment this project untill the end ico, and i will join bounty. good luck for team and project
Thank you! There are only 6 days left, but you can still write articles about us and publish them on your blog!
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Greetings!What about GOLD exchange rate?
Emission :1 GOLD = cost of 1 ounce of gold on stock exchanges + 5% commission for fiat-GOLD-fiat – no more than 4% Buyback: 1 GOLD = cost of 1 ounce of gold on stock exchanges + max. 5% commission for fiat-GOLD-fiat– no more than 4% What is ETF?
ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)). Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD. How GOLD is connected with real gold?
GOLD is a crypto asset issued by GoldMint that uses the current price of gold set on the LBMA exchange at the time of sale. ● Equal to one ounce (31,1035 grams) of gold (999 quality) ● Shards into 100,000 parts. ● Commissions are given in GOLD. Information is transmitted to the blockchain ledger about the number of ounces of physical gold or ETFs owned by GoldMint. ETF is bought on he stock exchange NYSE, Arca and subsequent information is publicized on GoldMint’s decentralized blockchain, making it transparent and open to all members. Statements are received from the depositary (electronic or printed). All physical gold owned by GoldMint exists in the following forms: a. Manufacturer-certified bullions b. Gold coins c. Gold jewelry d. 999 quality granules, stamped by manufacturer With regards, team GOLDMINT
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Greetings!How will amount of physical gold will be controlled?
All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet. Does any person can trade GOLD for fiat?
You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC* procedure. How physical gold will be stored?
The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor. With regards, team GOLDMINT
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Greetings! All tweets from your report have been checked and added to the spreadsheet. Thank you.
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Greetings!What is a key features of GOLD cryptoasset?
The characteristics of the GOLD cryptoasset include the following: 100% transparency of information about all Gold owned by GoldMint, disclosing the company’s gold reserves and its ability to buy back GOLD at its current trading price. GoldMint uses the decentralized blockchain for smart contracts and for harboring its cryptoassets GoldMint uses ETF for liquidity and elasticity. ETF helps you trade gold far faster than physical gold does A secured loan may contain gold, like jewelry or coins. GoldMint helps you store this collateral in its unique Custody Bot. The ability to receive passive income as market price of GOLD rises. Robotic storage unit Custody Bot Buyback of GOLD for fiat according to the current price of GOLD. A fast user registration system and identification. Why tokens are Gold-backed? Why not using any other precious metals or other asset?
Gold- because it is a clear metal for general public. Plus, we have a company that buys 450 kg of gold per month from pawnshops all over Russia. These are unclaimed deposits. Therefore, we have our own source of gold - we don't depend on banks. Today, more than 1% of all gold is kept in pawnshops. In 53% of the cases, gold is bought as a mean of investment. Many people buy coins or small bars of gold. For them Custody Bot is an excellent solution. Coins are the easiest to examine. Initially, we set a task for our engineers to examine the quality of jewellery. They have succeeded and this is way more difficult than examining coins. What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
If the audit results show that, the value of physical gold is less than the number of the GOLD tokens emitted, the excess amount of GOLD will be written off automatically from the company wallet via the smart contract. With regards, team GOLDMINT
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Greetings!What commission you hold?
GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD (i.e., more than 0,0025 GOLD depending on the current gold price). What difference between Goldmint and other gold-based cryptocurrency?
Differences between Goldmint and other gold cryptocurrency blockchains include the following: Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions. Goldmint uses Proof-of-Stake where miners are doled blocks/ transactions according to the amount of MNT they have. Proof of stake (PoS) is faster, simpler and cheaper than proof of work (PoW). Physical gold and ETFs are stored in a programmed decentralized storage unit. Custody Bot - Goldmint’s innovative storage unit is programmed to automatically identify and store gold jewelry, small ingots (up to 100 grams) and coins without human intervention. There was something written about API? What is about?
GoldMint plans to develop an Application Programming Interface (API) to regulate GOLD. This will achieve the following: ● E-commerce can use GOLD for transactions. ● Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral. ● GOLD can be used escrow for bank accounts and as financial guarantees. With regards, team GOLDMINT
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Greetings!How Custody Bot will be linked to a blockchain?
The Airalab Core platform links Custody Bot to the blockchain. We are consulting with them because they have a huge expirience about connecting various bots to blockchain Why don't you use ETH blockchain?
GoldMint’s blockchain, using the Graphene platform will be launched. Advantages of such a choice compared to using an Ethereum private fork are as follows: 1. Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. 2. More productive - GoldMint uses PoS, is optimized for GOLD transactions as there are no other ICOs on the same platform. 3. Cheaper - no charge for ether commissions. 4. The Graphene blockchain supports PoS. What is the use of API implementation?
The Application Programming Interface (API) regulates the GOLD, distributing these tokens to the following entities: E-commerce that can use GOLD for transactions. Local banks and Monetary Financial Institutions (MFIs) that can use GOLD as collateral. The API also regulates the GOLD that is used as escrow for bank accounts and as financial guarantees. With regards, team GOLDMINT
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Greetings!
GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.) How can MNT tokens be purchased?
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker. What can i do with gold assets?
You can use GOLD assets for the following: Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry. Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets. Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals. ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency. Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process. With regards, team GOLDMINT
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Greetings!What happens if the miner doesn’t have enough computing power to verify a transaction?
The miner can buy more from from other miners on the network. Does mnt act like a goldmint share?
MNT token does not imply rights to participate in company management of GoldMint and is not a share. Which data will be stored on graphene blockchain?
Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions. With regards, team GOLDMINT
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_______________________________________________________________ Инновация в сфере блокчейн-технологий! Custody Bot. Интересно? Взгляните сами: _______________________________________________________________
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_______________________________________________________________ Innovation in blockchain technologies! You give us your gold, and our Custody Bot exchanges it for tokens. Interested? Read more. _______________________________________________________________
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Greetings!What happens in case the loan is not repaid?
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint. How is my income calculated? (provide an example here as well)
The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor. Who is your target audience?
Crypto traders – These participants can use GOLD for hedging cryptocurrency volatility, as described in the white paper. GOLD can also be used to convert cryptocurrency into fiat. Standard investors – These investors may want to buy GOLD as cryptocurrency or as a type of security. E-commerce and self-employed individuals – GOLD can be used to pay for goods and services. Its low volatility asset and predictability make it an invaluable form of currency. Banks – GOLD cryptoassets gives banks new opportunities. There’s free liquidity and extra earning potential from trading gold into fiat and the reverse. Cryptocurrency has become a massive industry. Banks can profit from earning standard commissions, commissions on gold storage, and from using the GoldMint cash management system. At the same time, banks that invest in GOLD reinforce GOLD’s reputation, which increases their profit. Banks also earn commission from participating in the GoldMint partner program. Today the cryptocurrency overall circulation has achieved more than $700 billion a year and the commissions for deposit and withdrawal are more than 5%. In case the bank sets lower commissions for GOLD buy/sell for a client, most transactions (cryprocurrency deposit and withdrawal) will switch from underground exchanges to the banks. At the same time the integration with GOLD only is necessary, while all the other cryptocurrencies can be purchased on a cryptoexchange directly. Banks also have revenues from cash management and commission charging for gold storing owned by GoldMint company. Still one more source of income for banks is the revenue from the partner program which includes adding GOLD digital asset to the product line of the bank’s department of Wealth Management. With regards, team GOLDMINT
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Greetings!What do you want to gain with your project?
Today there are more than 60,000 tonnes of gold from the earth extracted, half of which finds its way into the pockets and accounts of “ordinary” people. Our idea is no short of revolutionary: we plan to convert this gold into blockchain-encrypted tokens to help owners protect their valuables, to help investors move their gold can more rapidly and easily from one part of the world to another, and to help companies and individuals hedge their gold against market volatility. We plan to move in three stages: To gain access to 1% of global gold circulation (over 300 tonnes) by launching Custody Bot automated storage facilities in pawnshops around the world. To gain access to another 5% of gold circulation by introducing Custody Bot to shopping centers. To gradually gain access to a final 10% of gold reserves, worth more than $100 billion, and to develop a special version of Custody Bot for popular installation. How can MNT tokens be purchased?
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker. How will be distributed tokens during ICO event?
Release of MNT tokens are done by Ethereum-based smart contracts, specially used for distribution of tokens. 80% of 10 000 000 MNT are released during ICO launch. GoldMint team receives two million MNT tokens, and no more than 500 000 per quarter distributed via a special wallet. Some consultants receive MNT tokens two months after ICO launch. Smart contracts can automatically trade ETH into MNT. The number of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint. With regards, team GOLDMINT
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Greetings!How will be distributed tokens during ICO event?
Release of MNT tokens are done by Ethereum-based smart contracts, specially used for distribution of tokens. 80% of 10 000 000 MNT are released during ICO launch. GoldMint team receives two million MNT tokens, and no more than 500 000 per quarter distributed via a special wallet. Some consultants receive MNT tokens two months after ICO launch. Smart contracts can automatically trade ETH into MNT. The number of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint. How was the idea of GoldMint conceived?
The idea of GoldMint reached Dmitry Pluschevsky's mind when he worked as a director of a venture fund in Russia and was looking for niches for a new business. Any gauranteed coin won't be dumped when it reaches exchanges ?
We can't guarantee a fast profit to our investors right after our first appearance on exchanges. We guarantee their profit after the development of the product. With regards, team GOLDMINT
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Greetings!Which rights does mnt provide its holders with?
MNT tokens holders are allowed to vote on GoldMint’s platform in proportion to their number of tokens. This means that when changes are made to GoldMint’s platform, MNT token-holders vote on whether or not to accept these changes. They also have a right to validate blocks and get rewards in GOLD. There was something written about API? What is about?
GoldMint plans to develop an Application Programming Interface (API) to regulate GOLD. This will achieve the following: ● E-commerce can use GOLD for transactions. ● Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral. ● GOLD can be used escrow for bank accounts and as financial guarantees. How is it burned?
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot. With regards, team GOLDMINT
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Greetings!Hello Goldies. Our expert crypto-lawyer and legal expert published a short legal review on your ICO. Learn more on GoldMint. Thank you for the trust! we've already published it to our Telegram social channels. How can you claim that your digital tokens are actually backed by gold? Are you going to conduct physical audits on that?
To ensure the gold-backing we are going to provide 100% guaranteed anytime buyback for the current LBMA gold price +3% by GOLDMINT itself. With regards, team GOLDMINT
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Greetings!WHICH CREDIT CARDS ARE EMITTED?
All members who have GOLD receive GoldMint Partner banks credit cards that are aligned with VISA and MasterCard systems. GoldMint plans to create a special bank card called Bogatstvo for prominent pawnshops like Blago and Fianit. HOW DO I GET THE MONEY LOANED?
GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint. WHICH DATA WILL BE STORED ON GRAPHENE BLOCKCHAIN?
Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions. With regards, team GOLDMINT[/b
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