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941  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 11:21:28 AM
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

942  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 10:53:16 AM
Greetings!



What is gold?


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

943  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 10:16:00 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.


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
944  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 09:36:26 AM
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.  "


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.


With regards,
team GOLDMINT

945  Local / Альтернативные криптовалюты / Re: [ANN]GOLDMINT - управление цифровыми активами золота on: September 18, 2017, 08:57:30 AM
Исходя из того, что вы так мало времени рекламировали биткоинтолковскому сообществу свой проект и так спешите с ІСО, можно сделать вывод, что инвесторы у вас уже есть?

Приветствуем!

Мы не спешим с ICO, мы очень трезво оцениваем свои силы о полезности проекта для текущего рынка золота и, действительно, у нас уже есть пул заинтересованных оффлайн инвесторов, которые заняты в индустрии золота. После нашего PRE-ICO мы дали им время на подготовку перевода своих средств в криптовалюту, чтобы получить возможность участия в нашем ICO.

С уважением,
команда GOLDMINT
946  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 08:52:52 AM
Greetings!

So when you mint a block using your MNT, your reward is based on the total value (in GOLD) of all the transactions in the block?

EXAMPLE:

Let the commission be x = .02 (2%)
With a block with the following transactions

A sends B 2 GOLD
C sends D 5 GOLD
E sends F 8 GOLD


The total exchanged on the block is 15 GOLD.

Your reward is 15*x == 15*.02 == 0.3 GOLD

Is this how it works, if so what is x?  If not what have I misunderstood?

GOLD token Transaction fee is 0,3%. 75% of it goes to the validators. Each block is validated by one of the validators active. Blocks are spread between validators according to their value and tokenholders stakes. What is X? In your calculations it appears as a transaction fee but it is 0,3.

Could someone give me link to GOLDMINT website? It seems that I have missed it out...
Reentering to price, how about stock exchanges? How can 1 GOLDMINT represent current gold price if:
I have 1 goldmint and I will sell its by 3 times more than real price of gold? And later everyone will make the same thing because of huge deman.
So goldmint can be only more expensive or the same expensive as gold in blockchain/exchange?Correct me, if I am way off base.

GOLDMINT.io

GOLD tokens always have a price tied to gold troy ounce and nobody would be interested to buy more expensive than it is. We are going to have two tokens one is MNTP appearing on our crowdsale, another is GOLD which appears after the launch of our Graphene based blockchain.

With regards,
team GOLDMINT
947  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 08:46:51 AM
Greetings!

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 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.

With regards,
team GOLDMINT
948  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 08:44:17 AM
Greetings!

I just found your thread, dev! So, I have not read the whitepaper and the project yet, but apparently I can do some quesitonamentos! Why did you choose this segment? Some current projects had difficulties with regulations and legalities, regarding these problems, your project is exempt?


This segment has been chosen because our founders have an operating business with $12M and 400kg gold turnover. They buy unwanted gold jewellery, process it and then sell it wholesale to jewellers. They know what lacks to the physical gold market and here is their solution. We have a compliance review made by american lawyers that our MNTP tokens can't be determined as securities.

Where are your plans to have goldmint coin be listed after the ico?

After the ICO all ERC20 exchanges would be able to list our MNTP tokens. We have a compliance review and we share it with our potential participants in our telegram chat. https://t.me/goldmintio

How can an asset which is sold at $2-$7 then become pegged to the price of 1 oz of gold?

It doesn't make business sense how $2 can become $1300. Unless you like giving away free gold?  Huh

You are talking about MNTP tokens be selling on our upcoming ICO from 20th of September $7 each. They are not gold-backed and will bring profits to the holders via the PoS consensus algorithm according to their stakes. Stakeholders will validate transaction blocks verifying GOLD token transactions. GOLD token price is tied to the troy gold ounce price. I would like you to read our White Paper for more details. GOLDMINT.io/white-paper

With regards,
team GOLDMINT
949  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 08:16:03 AM
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
950  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 07:33:23 AM
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
951  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 07:00:49 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
952  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 18, 2017, 06:29:17 AM
Greetings!

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.

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 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
953  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 10:27:26 PM
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.

With regards,
team GOLDMINT
954  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 10:11:38 PM
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


955  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 09:41:33 PM
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
956  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 09:09:29 PM
Greetings!



Do gold commissions depend on the country/citizenship?


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


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.


Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?


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
957  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 08:40:49 PM
Greetings!



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).


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 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


With regards,
team GOLDMINT
958  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 06:04:29 PM
Greetings!


Which other elements does the goldmint infrastructure include?


Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade.


Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?


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%.


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.


With regards,
team GOLDMINT


959  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 05:21:18 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 is gold emitted?


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.



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.


With regards,
team GOLDMINT
960  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️ on: September 17, 2017, 04:39:58 PM
Greetings!


Which is the maximum amount of Gold emitted?


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.


How can it be both backed by real gold and run on blockchain?


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.


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. "


With regards,
team GOLDMINT
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