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761  Local / Альтернативные криптовалюты / Re: [ANN]GOLDMINT - управление цифровыми активами золота on: September 24, 2017, 07:32:00 PM
В среду Евгений Вольфман про GoldMint рассказывал на ICO Event Moscow И там же у них был свой выставочный стенд. Если интересно, у меня есть запись выступления с конференции, могу выложить.

Здравствуйте, будет очень полезно, выложите пожалуйста.
762  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 01:49:09 PM
Greetings!

which operations does goldmint run with gold which ensure the investor with some income?

GoldMint provides investors with the following opportunities: 1. P2P lending - GoldMint gives investors significant interest when they lend GoldMint their gold (in the form of GOLD). 2. Opportunities related to physical gold - GoldMInt helps gold investors invest in goldfield development and in trading gold metals.

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.

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.

With regards,
team GOLDMINT
763  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 01:17:00 PM
Greetings!

what is the key idea of the project?

GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.

how are the commissions distributed?

75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.

what is trust management?

Trust management occurs when investors send their GOLD to GoldMint and the company uses these assets for P2P loans or for buying physical gold (e.g., for goldfield development).

With regards,
team GOLDMINT
764  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 12:21:42 PM
Greetings!

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.

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.

What difference between MNT and GOLD?

GOLD
Cryptoasset. Cost and buyback are 100% based  on LBMA It's application depends on the agreement described by GoldMint company. It's value depends on amount of gold in reserves/ circulation

MNT
GoldMint’s cryptocurrency is used to confirm GOLD cryptoasset transactions. Amount of MNT determines amount of GOLD transactions. Growth of MNT depends on turnover  of GOLD.

With regards,
team GOLDMINT
765  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 12:01:23 PM
Greetings!

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.

Where can I find your advisors?

Goldmint is fortunate to have experienced financial market experts. Without them, the realization of Goldmint would not have been possible.

GoldMint project is supported by:

Igor Ryabenkiy https://facebook.com/igor.ryabenkiy
Serge Umansky https://medium.com/@inchain/real-business-people-believe-in-blockchain-5cc5f50d213f
Oleg Seydak https://facebook.com/oseydak
Alex Butmanov https://facebook.com/profile.php?id=100012237450995
Eugeniy Ezhov https://facebook.com/Ezhov.home
Alexey Antonov https://facebook.com/auantonov
Alexey Chuykin https://facebook.com/alexey.chuykin
Kirill Zhukov https://facebook.com/kirill.zhukov.spb
Julian L. Zegelman https://facebook.com/jzegelman
Igor Lemh https://facebook.com/lemhk.igor
Alexey Lazutin https://facebook.com/alazutin
Andrey Zhyrnih https://facebook.com/andreyzhirnykh
Segle Lonshakov https://facebook.com/EnsRationis2020

Clarify the roadmap for your investors

We plan to start our ICO on September 20th, 2017. After that we are going to develop our blockchain. Next spring we are going to put GOLD in rotation. Around next autumn Custody Bot will be released and we will get on american exchanges since our token is not a securities.

With regards,
team GOLDMINT


766  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 03:55:47 AM
Greetings!

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 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.

what happens in case the loan is not repaid?

If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.

With regards,
team GOLDMINT
767  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 03:21:44 AM
Greetings!

what do i need to get a loan?

You need to undergo the KYC procedure. You use your GOLD or gold valuables as collateral.

what is goldmint?

GoldMint is a blockchain-based company that helps gold owners trade, loan, invest in and use their GOLD assets, that are 100% backed by physical gold, for profit.

what is the limit of the loan?

The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.

With regards,
team GOLDMINT
768  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 02:42:17 AM
Greetings!

How can I get a loan with a golden ring for example?

1. User  presses  the  Open  button.  The  tray  slides  out. The  user  places  a  product  in  it, which gets loaded into the box.                                                                                                                                       
2. The  product  put  into  the  Custody  Bot  machine  enters  the  spectral  analysis block. A  manipulator  forces the product onto scales where it is weighed  twice, once in air then  in liquid.   
3. Once  inspection  is  complete,  the  manipulator  returns  the  product  to  one  of  the compartments inside the Custody Bot. 
4. The  spectral  data  and  weighting  data  are  fed  into  a  computer  installed  inside  the  box. This measurement  data is encoded on the blockchain, made public to anyone who  wants to see the information.
5. You get a loan in GOLD currency.

Can i recieve cryptocurrency or fiat loan from Goldmint?

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.

All members who have GOLD receive GoldMint Partner banks credit cards, aligned with VISA and MasterCard systems. To that end, GoldMint plans to create a special bank card  called “ Bogatstvo ” for prominent pawnshops like “ Blago ” and ” Fianit “.

Process:

GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint infrastructure element.
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.
Credit card limits are set according to the value of the user’s GOLD.These cards can be used for payment in shops, restaurants and cafes. Interest is accrued to unpaid credit debt. If this remains unpaid, GOLD reverts to GoldMint.

how can i get a loan using custody bot?

After you’ve done the KYC process, you enter your gold commodities in the Custody Bot, which inspects the items and determines how much fiat or crypto currency you get. You can, also, receive a credit card through a partner bank. The limit of that card will correspond to the value of your stored gold.

With regards,
team GOLDMINT
769  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 02:00:26 AM
Greetings!

what other projects run on graphene?

Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform

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.

Tell us more about hedging risks?

Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.

Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment  of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.

Here are some reasons why investors choose GoldMint:

You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.

With regards,
team GOLDMINT
770  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 01:17:41 AM
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.

why is goldmint platform built on graphene?

The advantages of Graphene compared to Ethereum include the following. It is: Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. More productive - GoldMint is optimized for GOLD transactions. GoldMint is the only ICO that uses this platform, so its platform executes workloads The Graphene blockchain supports PoS.Cheaper - there is no charge for ether commissions.faster and more effectively.

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.

With regards,
team GOLDMINT
771  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 12:47:06 AM
Greetings!

What about GOLD/MNT mining?

To start mining, you just  needs  to  download  a program  from the  GoldMint repository, launch it on your device, fine-tune it and start mining. 
Consensus algorithm :  We use PoS as our primary mining system. In  case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent 
computational power from other miners.

Miner rotation 
The  amount  of  stakes  depends  on the  amount  of MNT  a miner holds.  So,  if  a miner owns 50% MNT, he will be chosen to process every second block. 

Miner rewards 
A miner receives  a  GOLD commission from each processed block. When the block is processed, no tokens are emitted.

Describe PoS and why you chose it? Thank you

Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees

how are the rewards for mining determined?

According to the amount of MNTs the miner has.

With regards,
team GOLDMINT
772  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 24, 2017, 12:17:16 AM
Greetings!

Can US/Singapore citizens participate in the ICO?

Citizens,  residents  (tax  or  otherwise)  and  green  card holder  of the United  States  of America
or  Singapore,  or  other  U.S.  or  Singapore person  are  exempt  from buying MNT tokens.  The 
term  “U.S.  or   Singapore  Person”   refers  to  anyone  who  lives  in  the  United  States  or 
Singapore  or  to  any  entity  that  is  incorporated  under  United  States  or  Singapore  law. 
American   citizens   living   abroad   can   also  be  considered  “U.S.  Persons”  under  certain 
conditions.

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. 

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.

With regards,
team GOLDMINT
773  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 23, 2017, 11:47:35 PM
Greetings!

what happens when physical gold is withdrawn from custody bot?

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

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

When was the pre-ICO? I haven't heard anything about it.

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
774  Local / Альтернативные криптовалюты / Re: [ANN]GOLDMINT - управление цифровыми активами золота on: September 23, 2017, 05:47:01 PM
_______________________________________________________________

GoldMint в blockchain СМИ
_______________________________________________________________



Наш ICO уже началось! Мы рекомендуем вам взглянуть на наши недавнее публикации в blockchain медиа.

* Почему Proof of Stake является силой сохранения
The CoinTelegraph, один из самых популярных blockchain медиа, опубликовал статью об алгоритме GoldMint - Proof-Of-Stake

https://cointelegraph.com/news/why-proof-of-stake-is-power-of-saving

* Соглашение, которое сдвинет парадигму подкрепленных золотом токенов.
Публикация NewsBTC о защищенных золотом криптоактивах GoldMint - GOLD.

http://www.newsbtc.com/2017/09/11/eurasia-goldmint-partnership/

* «Евразия» и «GoldMint» подписали соглашение о смене парадигмы подкрепленных золотом токенов

http://www.finsmes.com/2017/09/eurasia-and-goldmint-sign-deal-shifting-the-paradigm-of-gold-backed-tokens.html

* 5 вариантов, как блокчейн может изменить все
Известные финансовые СМИ опубликовали интересную статью о том, как GoldMint помогает развить технологию blockchain

https://www.cio.com/article/3223906/financial-it/5-ways-blockchain-is-changing-everything.html

* Золото может обеспечить стабильный рост для криптовалютных рынков.
Merkle, известный блокчейн-медиа, опубликовал статью о проекте GoldMint.

https://themerkle.com/real-gold-no-longer-represents-any-real-value-but-can-secure-stable-growth-for-cryptocurrency-markets/

* В P2P кредитование мы верим: Интервью с основателем и генеральным директором GoldMint Дмитрием Плющевским.
HuffPost опубликовал интервью о планах GoldMint делать цифровые деньги ценными и ценимыми во всем мире.

http://www.huffingtonpost.com/entry/in-p2p-lending-we-trust-an-interview-with-goldmint_us_59b641d8e4b0c50640cd68ed

* GoldMint раскроет ликвидность золота, чтобы дать возможность P2P кредитования.
Статья CoinTelegraph о ликвидности криптоактивов GOLD.

https://cointelegraph.com/news/goldmint-is-unlocking-liquidity-in-gold-to-allow-p2p-lending

775  Local / Альтернативные криптовалюты / Re: [ANN]GOLDMINT - управление цифровыми активами золота on: September 23, 2017, 05:14:51 PM
Здравствуйте!

хотел присоединиться к твитеру, но что то не могу найти ссылку на форму регистрации в баунти. или достаточно их читать и делать твиты?


Вот наша баунти кампания https://bitcointalk.org/index.php?topic=2091804.0


Я так понимаю это а ля ETF фонд. Бумажное золото переведенное на крипто рельсы. Для этого рынка главное вовлеченность инвесторов. Может в их расчетах нет ошибки, они просто закладывают полугодовой или годовой фьючерс. Основное что бы инвесторы приняли их формулу и был объем.

With MBAX token,payments can be done in a stable, fast and unlimited way. Unlike other digital
currencies, Minobia Gold (MBAX) is a solid storage of value as it is backed by the gold reserves.
Перевод для ленивых Smiley
В отличие от других цифровых валют, Minobia Gold (MBAX) является надежным хранением стоимости, поскольку он поддерживается резервами золота.

Найдите 5 отличий Smiley ↑ ↓

Команда GoldMint стремится решить эту проблему и предлагает миру криптоактивы GOLD, которые обладают превосходством криптовалют и ценностью золота.


У нас есть реалистичные идеи увеличения оборота токенов GOLD за счет внедрения Custody bot и продаж банками токенов GOLD, обеспеченных собственным золотом. Мы действительно не первая криптовалюта, подкрепленная золотом. Но как будут повышать оборот наши конкуренты? Мы не нашли убедительного способа в их White Paper. Нашим основателям также помогает опыт текущего бизнеса по скупке невостребованных золотых изделий из ломбардов, переплавке их и продаже оптом другим ювелирам. Оборот в $12М в месяц говорит сам за себя.

С уважением,
команда GOLDMINT
776  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 23, 2017, 04:30:14 PM
Greetings!


What difference between MNT and GOLD?


GOLD
Cryptoasset. Cost and buyback are 100% based  on LBMA It's application depends on the agreement described by GoldMint company. It's value depends on amount of gold in reserves/ circulation

MNT
GoldMint’s cryptocurrency is used to confirm GOLD cryptoasset transactions. Amount of MNT determines amount of GOLD transactions. Growth of MNT depends on turnover  of GOLD.


Can i recieve cryptocurrency or fiat loan from Goldmint?


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.

All members who have GOLD receive GoldMint Partner banks credit cards, aligned with VISA and MasterCard systems. To that end, GoldMint plans to create a special bank card  called “ Bogatstvo ” for prominent pawnshops like “ Blago ” and ” Fianit “.

Process:

GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint infrastructure element.
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.
Credit card limits are set according to the value of the user’s GOLD.These cards can be used for payment in shops, restaurants and cafes. Interest is accrued to unpaid credit debt. If this remains unpaid, GOLD reverts to GoldMint.


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.


With regards,
team GOLDMINT
777  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 23, 2017, 04:02:18 PM
Greetings!


Tell us more about hedging risks?


Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.

Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment  of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.

Here are some reasons why investors choose GoldMint:

You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.


Is MNTP a security token?


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.


Where is your bounty?


Here you can find all details about our BTT campaign: https://bitcointalk.org/index.php?topic=2091804


With regards,
team GOLDMINT
778  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 23, 2017, 03:18:53 PM
Greetings!


How physical gold will be stored?


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.


How can icos find gold profitable?


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.


How do they work?


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.



With regards,
team GOLDMINT
779  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 23, 2017, 02:49:01 PM
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 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).


Describe PoS and why you chose it? Thank you


Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees


With regards,
team GOLDMINT
780  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️⚡️[ANN]GOLDMINT - ICO starts on 20th of September.⚡️⚡️⚡️ on: September 23, 2017, 02:24:38 PM
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).


Is that your model have so-called dividends? Can I have passive income of holding? Explain


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.


With regards,
team GOLDMINT

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