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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 94986 times)
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September 23, 2017, 06:05:18 AM
 #1521

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.

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
How Custody Bot analyse the value of gold?

Gold inspection includes: 
     ●    Visual  identification  of the product by  an  operator –  coin,  ingot, jewelry, raw gold or gold granules 
     ●    Evaluation via spectrography using the spectrograph installed within the box   
     ●    Evaluation and weighing of gold via hydrostatic weighing   

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.

Spectral analysis: the process:
Custody  Bot  uses  fluorescence  spectroscopy,  a  type  of  electromagnetic  spectroscopy  that analyzes  fluorescence  from  a  sample.  This technique  involves using  a beam  of  light, usually ultraviolet light, that excites the electrons in molecules of certain compounds and causes them to  emit  light.  An  analyzer  crystal  disperses  radiation  onto  the  gold  via  a  detector.  A computer-controlled  precision   goniometer  moves  the  analyzer  crystal  and  detector  and controls the position, intensity and lengths of secondary radiation waves. Concentration of the analysis is calculated by comparison with known standard samples. 

Hydrostatic weighing: the process: 
Hydrostatic  weighing  determines  the  density  of  the  gold  and  is  done by weighting the  item first  in  air  then  liquid  and  calculating  the  combined  private  density  (ρ2). Estimation  of density is made by contrasting the density of gold to densities of other metals. 

The  initial weighting  lets  define the valuable’s weight (m1) and the second one lets detemine the volume: V=(m1-m2)/ρ2.

With regards,
team GOLDMINT

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September 23, 2017, 06:11:02 AM
 #1522

what is custody bot?
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September 23, 2017, 06:17:38 AM
 #1523

how does custody bot evaluate the assets?
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September 23, 2017, 06:23:43 AM
 #1524

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
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September 23, 2017, 06:29:07 AM
 #1525

Gold jewelry, small ingots (up to 100 grams) and coins.
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September 23, 2017, 06:36:11 AM
 #1526

Greetings!

what is custody bot?

Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or 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.

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

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

With regards,
team GOLDMINT

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September 23, 2017, 06:42:21 AM
 #1527

why can custody bot automate gold valuables assessment?
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September 23, 2017, 06:47:15 AM
 #1528

why does gold jewelry need extra examination from a specialist?
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September 23, 2017, 06:52:53 AM
 #1529

Yes, this is a good idea
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September 23, 2017, 06:58:23 AM
 #1530

which details of gold valuables examination are sent to the blockchain?
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September 23, 2017, 07:04:14 AM
 #1531

Greetings!

why can custody bot automate gold valuables assessment?

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

why does gold jewelry need extra examination from a specialist?

Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.

which details of gold valuables examination are sent to the blockchain?

The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres.

With regards,
team GOLDMINT

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September 23, 2017, 12:28:07 PM
 #1532

Which data will be stored on grapheme blockchain?
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September 23, 2017, 12:49:44 PM
 #1533

What happens if the miner doesn’t have enough computing power to verify a transaction?
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September 23, 2017, 01:00:08 PM
 #1534

Which rights does MNT provide its holders with?
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September 23, 2017, 01:04:09 PM
 #1535

Greetings!


Which data will be stored on grapheme 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.


What happens if the miner doesn’t have enough computing power to verify a transaction?


The miner can buy more from other miners on the network.


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.


With regards,
team GOLDMINT

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September 23, 2017, 01:11:07 PM
 #1536

How can MNT tokens be purchased?
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September 23, 2017, 01:16:27 PM
 #1537

Which details of Gold valuables examination are sent to the blockchain?
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September 23, 2017, 01:20:55 PM
 #1538

I see goldmint going
 Over 1 billion
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September 23, 2017, 01:25:59 PM
 #1539

What happens when physical GOLD is withdrawn from custody bot?
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September 23, 2017, 01:31:47 PM
 #1540

Greetings!


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.


Which details of Gold valuables examination are sent to the blockchain?


The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres.


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


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