Greetings!


When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.


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


Our pre-ICO was private. We had only 300,000 tokens each presented to 27 person and 3 venture funds only.
You still can join our upcoming ICO.
You will be able to buy our tokens using your ETH or BTC.
Minimum investment can be 1 MNTP token and $7 equally.
We'll open a prior registration at goldmint.io in 2-3 days.
You'll be able to register and get access to addresses you'll use to send transfers.

With regards,
team GOLDMINT

Greetings!


Custody Bot can replace pawnshops as it is more transparent and almost totally automated.


Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.


The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres.

With regards,
team GOLDMINT

Greetings!


Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold.


Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis.


Gold jewelry, small ingots (up to 100 grams) and coins.

With regards,
team GOLDMINT

Greetings!


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.


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.


Gold inspection includes: 
     ●    Visual  identification  of the product by  an  operator –  coin,  ingot, jewelry, raw gold or gold granules 
     ●    Evaluation via spectrography using the spectrograph installed within the box   
     ●    Evaluation and weighing of gold via hydrostatic weighing   

Custody  Bot  uses  the  technologies  of  spectral  analysis  and  hydrostatic  weighing  to  inspect the value  of the  gold.  In the  absence  of  a  single  standard,  a  specialist  also manually inspects the jewelry before Custody Bot conducts spectral analysis.

Spectral analysis: the process:
Custody  Bot  uses  fluorescence  spectroscopy,  a  type  of  electromagnetic  spectroscopy  that analyzes  fluorescence  from  a  sample.  This technique  involves using  a beam  of  light, usually ultraviolet light, that excites the electrons in molecules of certain compounds and causes them to  emit  light.  An  analyzer  crystal  disperses  radiation  onto  the  gold  via  a  detector.  A computer-controlled  precision   goniometer  moves  the  analyzer  crystal  and  detector  and controls the position, intensity and lengths of secondary radiation waves. Concentration of the analysis is calculated by comparison with known standard samples. 

Hydrostatic weighing: the process: 
Hydrostatic  weighing  determines  the  density  of  the  gold  and  is  done by weighting the  item first  in  air  then  liquid  and  calculating  the  combined  private  density  (ρ2). Estimation  of density is made by contrasting the density of gold to densities of other metals. 

The  initial weighting  lets  define the valuable’s weight (m1) and the second one lets detemine the volume: V=(m1-m2)/ρ2.

With regards,
team GOLDMINT

Greetings!


MNTP will first be found on Ethereum and produced via its ERC20 interface. Once Graphene is installed, MNTP will be conveyed there and will have MNT name.


MNT token does not imply rights to participate in company management of GoldMint and is not a share.


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.

With regards,
team GOLDMINT

Greetings!


MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.


MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.


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

Greetings!


GoldMint PTE LTD company registered in Singapore is the seller of MNT tokens.


No, MNTP tokens are used for ICO only. As soon as GoldMint blockchain is launched, MNTP can be exchanged for MNT used as stake in our consensus algorithm. MNT holders do not receive any passive income. We have a report on MNT/MNTP status from an US lawyer company. This provides us with an opportunity to trade MNT/MNTP on the US market 12 months after ICO.


MNTP tokens are launched on Ethereum blockchain and are offered for sale during ICO. Later they will migrate to MNT tokens (GoldMint blockchain) to verify GOLD transactions.

With regards,
team GOLDMINT

Greetings!


MNT has a limited supply and they are used as stake in PoS (proof-of-stake) consensus algorithm. The more transactions there are within GoldMint blockchain the bigger rewards miners get and the more is demand for MNT.


The more MNT  a validator holds, the more blocks he  can validate and add to the chain.  As  a  result  miner  gets  75%  in  GOLD  equivalent  from  the  commissions  for  the transactions validated.                                                                                               
In  case  at  the  moment  of  block  validation  the  miner  doesn’t  have  enough  computational  power  to  validate  the  block  or  in  case  he  cannot  do  this  for  some  other  reasons  he  can be deleted  from the White List  of reliable miners  and will  lose the right to  accomplish  a block.
In  this  case  the  right  to  validate  blocks  goes  over  to  another  user  who has been  chosen by GoldMint algorythm. 
To  become  a  validator  all  you  need  is  to  download  GoldMint  Wallet  app  from the  official website and launch it using your GoldMint account. 
In case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent computational power from other miners.


The internal MNT token does not give rights to participate in company management of GoldMint and is not a share.
MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold.
This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not.

With regards,
team GOLDMINT

2 weeks after the ICO closure, Oct 21 - Nov 3

Greetings!


Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.


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.


MNTP tokens can be found on the Ethereum blockchain. 
 ●   Initial emission of MNTP is conducted using the ERC20 interface. 
 ●   GoldMint’s blockchain, using the​ ​Graphene​ platform gor GOLD and MNT tokens will be launched after.

With regards,
team GOLDMINT

Greetings!


The gold we use to back GOLD digital assets is all insured.


A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.


We meet all the requirements of SEC regulations and our tokens can't be determined as securities.
The final decision of listing us on exchanges lays upon exchanges their self.
According to all this we will start listing negotiations right after our  ICO.
The first exchanges to list tokens are usually Liqui, YoBit, Tidex, HitBTC.

With regards,
team GOLDMINT

Greetings!


GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.


The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction.


For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

With regards,
team GOLDMINT

Greetings!


The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.


Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. 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 ).


No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.

With regards,
team GOLDMINT

Greetings!


The price of one GOLD equals one ounce of physical gold on the LBMA. Applicants who want to trade GOLD for fiat need to undergo GoldMint's KYC procedure. If accepted, the applicant’s GOLD cryptoasset is transferred from his, or her, GoldMint wallet to a special GoldMint account and is converted to fiat. GoldMint sends this fiat to the applicant. So, the price with commissions you receive for buying GOLD is LBMA + 5%, selling - LBMA + 2%. Therefore the way fiat => GOLD => fiat will be 3%.


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.


The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.

With regards,
team GOLDMINT

Greetings!


The average fee for storing physical gold is 0,25% from its estimated value a year.


An auditor from an objective TOP 100 audit company checks GoldMint's accounts each month and confirms that its gold reserves tally with its accounts and with its GOLD emission. On top of that, GoldMint has its own GoldMint internal auditor check its accounts several times a month.


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.

With regards,
team GOLDMINT

Greetings!


All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.


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. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.


GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.

With regards,
team GOLDMINT

Greetings!


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.


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


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.)

With regards,
team GOLDMINT

Greetings!


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.


Physical gold is locked-up in storage and rated according to its value: 

                 Moody’s ​-  A2 and above.
                 Standard and Poor's​ - A and above. 
                 Fitch​ - A and above.


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%

With regards,
team GOLDMINT

Greetings!


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.


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 will amount of physical gold will be controlled?

With regards,
team GOLDMINT

Greetings!


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.


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.


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.

With regards,
team GOLDMINT