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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 78916 times)
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September 19, 2017, 08:25:17 AM
 #1101

What are the commissions for transactions in gold?
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September 19, 2017, 08:36:32 AM
 #1102

I like the project.,good luck team
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September 19, 2017, 08:43:21 AM
 #1103

How do they work?
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September 19, 2017, 08:49:43 AM
 #1104

How can gold help me hedging risks on the cryptocurrency market?
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September 19, 2017, 08:57:14 AM
 #1105

Greetings!


What are the commissions for transactions in gold?


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 ).


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.


How can gold help me hedging risks on the cryptocurrency market?


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.


With regards,
team GOLDMINT

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September 19, 2017, 09:00:29 AM
 #1106

Greetings!


Thank you for the article! We'll share it in all our social channels if possible.

What makes goldmint different from projects like Brickblock and Minobia?

I see one of them website under maintenance. Another one has really different concept.

"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."
Of how much computational power are we talking about?
Can you please give us some more info or some numbers, or examples to understand this better?
Thanx

Not an ultracomputer. A regular PC should be enough but the more MNT tokens you are going to hold, the more RAM you would need.

With regards,
team GOLDMINT

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September 19, 2017, 09:06:22 AM
 #1107

Which assets can be deposited to the custody bot?
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September 19, 2017, 09:11:54 AM
 #1108

Does mnt act like a goldmint share?
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September 19, 2017, 09:17:49 AM
 #1109

What are some of the GOLD applications?
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September 19, 2017, 09:23:55 AM
 #1110

Im seriously bloody impressed!
Its just beyond my mental capacity to understand
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September 19, 2017, 09:29:49 AM
 #1111

Greetings!


Which assets can be deposited to the custody bot?


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


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.


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

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September 19, 2017, 09:35:42 AM
 #1112

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
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September 19, 2017, 09:43:13 AM
 #1113

Looking good. Got my eye in this. What will happen to the classic chain.
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September 19, 2017, 09:46:07 AM
 #1114

What is the key idea of the project?
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September 19, 2017, 09:50:21 AM
 #1115

How does custody bot evaluate the assets?
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September 19, 2017, 09:57:30 AM
 #1116

Greetings!


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 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 does custody bot evaluate the assets?


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.


With regards,
team GOLDMINT

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September 19, 2017, 10:02:06 AM
 #1117

Gold is gold
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September 19, 2017, 10:04:06 AM
 #1118

Which rights does MNT provide its holders with?
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September 19, 2017, 10:12:26 AM
 #1119

Which data will be stored on grapheme blockchain ?
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September 19, 2017, 10:18:46 AM
 #1120

You gotta be kidding, right? What's next?
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