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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 83009 times)
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September 25, 2017, 05:50:51 AM
 #1701

What difference between Goldmint and other gold-based cryptocurrency?

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September 25, 2017, 05:56:15 AM
 #1702

Don't forget to get listed on all exchanges

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September 25, 2017, 06:00:49 AM
 #1703

Greetings!


Which is the maximum amount of Gold emitted?


The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.


How can it be both backed by real gold and run on blockchain?


A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.


What difference between Goldmint and other gold-based cryptocurrency?


Differences   between   Goldmint   and   other  gold   cryptocurrency   blockchains  include  the  following:   

         Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions.   
         Goldmint  uses Proof-of-Stake where miners  are  doled blocks/ transactions  according   to the  amount  of MNT they have. Proof  of  stake  (PoS)  is  faster,  simpler and cheaper  than proof of work (PoW). 
         Physical gold and ETFs are stored in a programmed decentralized storage unit.
         Custody Bot    -   Goldmint’s   innovative  storage unit  is programmed to automatically  identify  and  store  gold  jewelry,  small  ingots  (up  to  100  grams)  and  coins without human intervention.


With regards,
team GOLDMINT

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September 25, 2017, 06:05:30 AM
 #1704

this is better than only fools and horses,, hilarious!!!

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September 25, 2017, 06:11:49 AM
 #1705

how can i buy gold?

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September 25, 2017, 06:18:17 AM
 #1706

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 25, 2017, 06:24:05 AM
 #1707

what can i do with gold assets?

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September 25, 2017, 06:30:27 AM
 #1708

Greetings!

how can i buy gold?

People who want to trade GOLD for fiat or cryptocurrency need to undergo GoldMint's KYC procedure. You can also get GOLD when you transfer your physical gold to Custody Bot or to GoldMint’s partner banks.

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 can i do with gold assets?

You can use GOLD assets for the following:
Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.
Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.
Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.
ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.
Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process.

With regards,
team GOLDMINT

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September 25, 2017, 06:40:36 AM
 #1709

how is gold emitted?

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September 25, 2017, 06:43:28 AM
 #1710

which is the maximum amount of gold emitted?
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September 25, 2017, 06:49:04 AM
 #1711

what are the commissions for transactions in gold?
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September 25, 2017, 06:55:17 AM
 #1712

"I am so happy this is not just a crypto currency and not just reliant on people buying and selling coins.

alot of thick people in the world"
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September 25, 2017, 07:03:59 AM
 #1713

Greetings!

how is gold emitted?

The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.

which is the maximum amount of gold emitted?

The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.

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 25, 2017, 07:09:38 AM
 #1714

Need more information please
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September 25, 2017, 07:15:09 AM
 #1715

do gold commissions depend on the country/citizenship?

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September 25, 2017, 07:21:42 AM
 #1716

how is it burned?

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September 25, 2017, 07:33:53 AM
 #1717

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

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September 25, 2017, 07:39:10 AM
 #1718

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.

how is it burned?

GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.

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 25, 2017, 07:45:14 AM
 #1719

how can icos find gold profitable?

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September 25, 2017, 07:51:03 AM
 #1720

I support this project!

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