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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168996 times)
spiceminer15
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September 21, 2017, 12:06:52 PM
 #1361

How physical gold will be stored?
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nenelsparadise
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September 21, 2017, 12:12:13 PM
 #1362

What about GOLD exchange rate?
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September 21, 2017, 12:20:00 PM
 #1363

Greetings!

Does any person can trade GOLD for fiat?

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.

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.

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%

With regards,
team GOLDMINT

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September 21, 2017, 12:27:29 PM
 #1364

What is ETF?
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September 21, 2017, 12:35:05 PM
 #1365

How GOLD is connected with real gold?
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September 21, 2017, 12:43:20 PM
 #1366

what is gold?
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September 21, 2017, 12:56:30 PM
 #1367

2017 will be the year of Goldmint
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Alexander KOSTIN | GoldMint


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September 21, 2017, 01:03:07 PM
 #1368

Greetings!

What is ETF?

ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)).

Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. 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 ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD.

How GOLD is connected with real gold?

GOLD  is  a  crypto  asset  issued  by  GoldMint  that  uses  the  current  price  of  gold  set  on  the LBMA exchange   at the time of sale. 

                        ●   Equal to one ounce (31,1035 grams) of gold (999 quality) 
                        ●   Shards into 100,000 parts. 
                        ●   Commissions are given in GOLD.

Information  is  transmitted  to  the  blockchain  ledger  about the number  of  ounces  of physical 

gold or ETFs owned by GoldMint. ETF is bought on  he  stock exchange NYSE, Arca​ and subsequent  information  is publicized on GoldMint’s decentralized blockchain, making  it   transparent  and open to all members. Statements are received from the depositary (electronic or printed). 

All physical gold owned by GoldMint exists in the following forms: 

               a.   Manufacturer-certified bullions   
               b.    Gold coins 
               c.   Gold jewelry 
               d.   999 quality granules, stamped by manufacturer

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.)

With regards,
team GOLDMINT

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September 21, 2017, 01:09:47 PM
 #1369

how is the gold asset backed by gold?
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September 21, 2017, 01:15:05 PM
 #1370

what is an etf and how can it back gold?
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September 21, 2017, 01:20:09 PM
 #1371

Very interesting project, could become one of the biggest ICOs of 2017 in my humble opinion. All the best, looking forward to participating in the crowdfunding
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September 21, 2017, 01:26:25 PM
 #1372

where does goldmint store its physical gold and which etfs back gold cryptoassets?
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Alexander KOSTIN | GoldMint


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September 21, 2017, 01:32:47 PM
 #1373

Greetings!

how is the gold asset backed by gold?

All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.

what is an etf and how can it back gold?

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.

where does goldmint store its physical gold and which etfs back gold cryptoassets?

GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.

With regards,
team GOLDMINT

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Alexander KOSTIN | GoldMint


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September 21, 2017, 02:29:44 PM
 #1374

_______________________________________________________________

Hooray!
We've already sold the first share of MNTP tokens, adding up to 700 000 sold!
All participants have already received their bonuses.
You can still catch the bonus deal, 15% off for MNTP tokens, join the sale

_______________________________________________________________


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September 21, 2017, 02:34:09 PM
 #1375

very frustrating indeed , need this coin to be like jesus and rise from the dead
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September 21, 2017, 02:41:32 PM
 #1376

Do gold commissions depend on the country/citizenship?
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September 21, 2017, 02:48:05 PM
 #1377

What is the limit of the loan?
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September 21, 2017, 02:54:14 PM
 #1378

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


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September 21, 2017, 03:03:01 PM
 #1379

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

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September 21, 2017, 03:09:09 PM
 #1380

Which rights does mnt provide its holders with?
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