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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167177 times)
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September 26, 2017, 05:25:44 PM
 #1961

What other projects run on graphene?
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September 26, 2017, 05:33:49 PM
 #1962

A chance to be;  Strange alt of the week
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September 26, 2017, 05:39:57 PM
 #1963

Greetings!


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.


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.


What other projects run on graphene?


Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform


With regards,
team GOLDMINT

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September 26, 2017, 05:49:01 PM
 #1964

What commission you hold?
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September 26, 2017, 05:57:52 PM
 #1965

Russian?
Then good luck russsian team!
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September 26, 2017, 06:02:41 PM
 #1966

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 26, 2017, 06:09:40 PM
 #1967

Is that your model have so-called dividends? Can I have passive income of holding? Explain
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September 26, 2017, 06:15:53 PM
 #1968

Greetings!


What commission you hold?


GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD
(i.e., more than 0,0025 GOLD depending on the current gold price).


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.


Is that your model have so-called dividends? Can I have passive income of holding? Explain


The more MNT  a validator holds, the more blocks he  can validate and add to the chain.  As  a  result  miner  gets  75%  in  GOLD  equivalent  from  the  commissions  for  the transactions validated.                                                                                                     

In  case  at  the  moment  of  block  validation  the  miner  doesn’t  have  enough  computational  power  to  validate  the  block  or  in  case  he  cannot  do  this  for  some  other  reasons  he  can be deleted  from the White List  of reliable miners  and will  lose the right to  accomplish  a block. 

In  this  case  the  right  to  validate  blocks  goes  over  to  another  user  who has been  chosen by GoldMint algorythm. 

To  become  a  validator  all  you  need  is  to  download  GoldMint  Wallet  app  from the  official website and launch it using your GoldMint account. 

In case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent computational power from other miners.


With regards,
team GOLDMINT

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September 26, 2017, 06:22:47 PM
 #1969

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
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September 26, 2017, 11:39:04 PM
 #1970

what is an etf and how can it back gold?
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September 26, 2017, 11:48:05 PM
 #1971

where does goldmint store its physical gold and which etfs back gold cryptoassets?
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September 26, 2017, 11:51:34 PM
 #1972

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)
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September 26, 2017, 11:58:44 PM
 #1973

Russian? Then good luck russsian team!
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September 27, 2017, 12:03:40 AM
 #1974

Greetings!

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.

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)

The average fee for storing physical gold is 0,25% from its estimated value a year.

With regards,
team GOLDMINT

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September 27, 2017, 12:07:53 AM
 #1975

What happens if gold is stolen from the vault? Is there any insurance for investors against such options? The question looks ridiculous - but this situation can also be.
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September 27, 2017, 12:10:54 AM
 #1976

will there be any auditing of goldmint assets?
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September 27, 2017, 12:17:33 AM
 #1977

how can i buy gold?
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September 27, 2017, 12:26:24 AM
 #1978

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 27, 2017, 12:29:02 AM
 #1979

Don't forget to get listed on all exchanges
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September 27, 2017, 12:33:32 AM
 #1980

Greetings!

will there be any auditing of goldmint assets?

An auditor from an objective TOP 100 audit company checks GoldMint's accounts each month and confirms that its gold reserves tally with its accounts and with its GOLD emission. On top of that, GoldMint has its own GoldMint internal auditor check its accounts several times a month.

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%.

With regards,
team GOLDMINT

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