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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167215 times)
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September 19, 2017, 08:07:24 PM
 #1201

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

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September 19, 2017, 08:11:51 PM
 #1202

Why can custody bot automate gold valuables assessment?
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September 19, 2017, 08:18:40 PM
 #1203

Will there be any auditing of goldmint assets?
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September 19, 2017, 08:25:45 PM
 #1204

What are the commissions for transactions in gold?
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September 19, 2017, 08:31:30 PM
 #1205

I like the project.,good luck team
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September 19, 2017, 08:37:25 PM
 #1206

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

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September 19, 2017, 08:44:25 PM
 #1207

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
 #1208

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
 #1209

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
 #1210

What is the key idea of the project?
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September 19, 2017, 09:03:42 PM
 #1211

How does custody bot evaluate the assets?
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September 19, 2017, 09:09:14 PM
 #1212

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
 #1213

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
 #1214

the step seem a little complexed//// but worth to get!
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September 19, 2017, 09:26:44 PM
 #1215

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
 #1216

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
 #1217

Where can I find your advisors?
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September 19, 2017, 09:41:54 PM
 #1218

What is a key features of GOLD cryptoasset?
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September 19, 2017, 09:49:05 PM
 #1219

What about GOLD/MNT mining?
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September 19, 2017, 09:55:31 PM
 #1220

Greetings!


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?


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.


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


What is a key features of GOLD cryptoasset?


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.


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.


With regards,
team GOLDMINT

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