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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 94925 times)
spiceminer15
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September 19, 2017, 08:01:34 PM
 #1201

Don't forget to get listed on all exchanges
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September 19, 2017, 08:07:24 PM
 #1202

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.


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).


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

nenelsparadise
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September 19, 2017, 08:11:51 PM
 #1203

Why can custody bot automate gold valuables assessment?
CryptoPromotions
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September 19, 2017, 08:18:40 PM
 #1204

Will there be any auditing of goldmint assets?
qberty
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September 19, 2017, 08:25:45 PM
 #1205

What are the commissions for transactions in gold?
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September 19, 2017, 08:31:30 PM
 #1206

I like the project.,good luck team
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September 19, 2017, 08:37:25 PM
 #1207

Greetings!


Why can custody bot automate gold valuables assessment?


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


Will there be any auditing of goldmint assets?


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 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 ).


With regards,
team GOLDMINT

thisisnotmyltcusername
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September 19, 2017, 08:44:25 PM
 #1208

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, 08:45:27 PM
 #1209

Portuguese ANN thread updated with "GOLDMint ICO INstruction: Safe to invest"!
You can check thread on:
https://bitcointalk.org/index.php?topic=2164525.msg21678486#msg21678486

Thank you!

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September 19, 2017, 08:51:08 PM
 #1210

Looking good. Got my eye in this. What will happen to the classic chain.
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September 19, 2017, 08:57:29 PM
 #1211

What is the key idea of the project?
BazkieBumpercar
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September 19, 2017, 09:03:42 PM
 #1212

How does custody bot evaluate the assets?
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September 19, 2017, 09:09:14 PM
 #1213

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, 09:19:09 PM
 #1214

Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?
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September 19, 2017, 09:26:09 PM
 #1215

the step seem a little complexed//// but worth to get!
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September 19, 2017, 09:26:44 PM
 #1216

Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?

FROM GUIDE:

3. Crypto traders can hedge volatility risks without leaving exchanges
_______________________________________________________________

GOLD token will be available for purchase on most exchanges. This means that traders, after a busy day of trading, can gain peace of mind by simply converting their commodities to GOLD within the same day and the same exchange, without visiting another platform or paying extra commissions for money withdrawal.

Example:

Maria is a jeweler who needs 100 ounces of gold to make four hundred gold rings. The process takes her two weeks, and in that time period she may not want to take the price risk. So she sells one gold contract (100 ounces) at the same time as she buys the physical gold for production. This trade has been done on Bitfinex, which is a full-featured spot trading platform for the major cryptocurrencies. Right away, Maria wants to transfer her physical gold into GOLD to hedge her risks. She will be able to find that GOLD crypto-token on Bitfinex, too.

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September 19, 2017, 09:27:53 PM
 #1217

Did I understand this correctly that the price of the token is linked 1:1 to the price of gold or what should be the reason to back a currency with physical gold?
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September 19, 2017, 09:34:08 PM
 #1218

Where can I find your advisors?
dermo
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September 19, 2017, 09:41:54 PM
 #1219

What is a key features of GOLD cryptoasset?
BazkieBumpercar
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September 19, 2017, 09:49:05 PM
 #1220

What about GOLD/MNT mining?
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