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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167235 times)
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September 25, 2017, 05:25:24 PM
 #1801

This looks very worth watching.
Seriously.
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September 25, 2017, 05:28:16 PM
 #1802

crypto is crypto Why do you always combine them? now it does not look very attractive ,, which is actually seen by people in bitcointalk.
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September 25, 2017, 05:32:58 PM
 #1803

Greetings!


What happens in case the loan is not repaid?


If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.


How is my income calculated? (provide an example here as well)


The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.


Who is your target audience?


Crypto traders – These participants can use GOLD for hedging cryptocurrency volatility, as described in the white paper. GOLD can also be used to convert cryptocurrency into fiat.
Standard investors – These investors may want to buy GOLD as cryptocurrency or as a type of security.
E-commerce and self-employed individuals – GOLD can be used to pay for goods and services. Its low volatility asset and predictability make it an invaluable form of currency.
Banks – GOLD cryptoassets gives banks new opportunities. There’s free liquidity and extra earning potential from trading gold into fiat and the reverse. Cryptocurrency has become a massive industry. Banks can profit from earning standard commissions, commissions on gold storage, and from using the GoldMint cash management system. At the same time, banks that invest in GOLD reinforce GOLD’s reputation, which increases their profit. Banks also earn commission from participating in the GoldMint partner program.
Today the cryptocurrency overall circulation has achieved more than $700 billion a year and the commissions for deposit and withdrawal are more than 5%.

In case the bank sets lower commissions for GOLD buy/sell for a client, most transactions (cryprocurrency deposit and withdrawal) will switch from underground exchanges to the banks. At the same time the integration with GOLD only is necessary, while all the other cryptocurrencies can be purchased on a cryptoexchange directly. Banks also have revenues from cash management and commission charging for gold storing owned by GoldMint company. Still one more source of income for banks is the revenue from the partner program which includes adding GOLD digital asset to the product line of the bank’s department of Wealth Management.


With regards,
team GOLDMINT

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September 25, 2017, 05:35:16 PM
 #1804

Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?

Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.

Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?

Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Pretty obvious you are only interested in answering the same basic shill questions now to build up the number of pages here to try to create the illusion of interest in the project. These shill questions that are filling the pages are horrible though, you should really adjust the script away from such basic questions as "what do you hope to achieve in the project" over and over and over. This thread is just shills and spam if anyone actually digs into it.

"the destruction of privacy widens the existing power imbalance between the ruling factions and everyone else" -- Julian Assange
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September 25, 2017, 11:16:27 PM
 #1805

Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?

Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.

Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?

Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Pretty obvious you are only interested in answering the same basic shill questions now to build up the number of pages here to try to create the illusion of interest in the project. These shill questions that are filling the pages are horrible though, you should really adjust the script away from such basic questions as "what do you hope to achieve in the project" over and over and over. This thread is just shills and spam if anyone actually digs into it.

Greetings!

Concluding all above said. Our founders decided to increase cryptocurrencies turnover and bring other benefits out of physical gold by developing custody bots.

With regards
team GOLDMINT

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September 25, 2017, 11:31:59 PM
 #1806

Finally, thank you. Now I'll check announcement threads more
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September 25, 2017, 11:39:06 PM
 #1807

which assets can be deposited to the custody bot?
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September 25, 2017, 11:45:06 PM
 #1808

why can custody bot automate gold valuables assessment?
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September 25, 2017, 11:46:10 PM
 #1809

GOOD BRO

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September 26, 2017, 12:01:01 AM
 #1810

why does gold jewelry need extra examination from a specialist?
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September 26, 2017, 12:06:39 AM
 #1811

Greetings!

which assets can be deposited to the custody bot?

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

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.

With regards,
team GOLDMINT

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September 26, 2017, 12:20:29 AM
 #1812

which details of gold valuables examination are sent to the blockchain?
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September 26, 2017, 12:56:55 AM
 #1813

what happens when physical gold is withdrawn from custody bot?
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September 26, 2017, 01:00:16 AM
 #1814

what are the costs of custody bot development?
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September 26, 2017, 01:03:53 AM
 #1815

as a trader only i dont give a shit.
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September 26, 2017, 01:16:14 AM
 #1816

Greetings!

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.

what are the costs of custody bot development?

Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300

With regards,
team GOLDMINT

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September 26, 2017, 01:22:22 AM
 #1817

When was the pre-ICO? I haven't heard anything about it.
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September 26, 2017, 01:26:09 AM
 #1818

Can US/Singapore citizens participate in the ICO?
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September 26, 2017, 01:28:34 AM
 #1819

Dear destruct,

You said it is going to be Graphene-based (just like BitShares and Steem are). Is it going to be Delegated Proof-of-Stake just like those other Graphene-based blockchains? Delegated means it is voting-based, which means our stake means we can vote for the witnesses / block producers / miners (whatever people like to call them).

I don't know any Graphene based blockchain that is purely Proof of Stake as you said. All of them are voting-based (DPoS). Please clarify that for us!

By the way, Graphene is awesome. This was a very good call. by dev team.

Thanks for your attention!

❉❉❉ Migranet ❉❉❉  [MIGRATION。SIMPLIFIED 。]
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September 26, 2017, 01:32:05 AM
 #1820

How will be distributed tokens during ICO event?
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