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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 74457 times)
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September 09, 2017, 11:08:37 AM
 #201

very interested ,but want to know more details.
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goodluck0319
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September 09, 2017, 11:18:28 AM
 #202

 Huh Huh Huh Huh
WHAT IS GOLDMINT?

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September 09, 2017, 11:30:11 AM
 #203

Greetings!


Which is the maximum amount of Gold emitted?


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.


How can i buy Gold?


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.


Huh Huh Huh Huh
WHAT IS GOLDMINT?


GoldMint is a blockchain-based company that helps gold owners trade, loan, invest in and use their GOLD assets, that are 100% backed by physical gold, for profit.


With regards,
team GOLDMINT

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September 09, 2017, 11:52:29 AM
 #204

nice work Grin
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September 09, 2017, 12:01:45 PM
 #205

What happens in case the loan is not repaid?
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September 09, 2017, 12:08:01 PM
 #206

how can gold be adopted into a blockchain system? so far I do not understand, because gold has a relatively stable price, while cryptocurrency tends to fluctuate

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September 09, 2017, 04:21:29 PM
 #207

Why does Gold jewelry need extra examination from a specialist?
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September 09, 2017, 04:31:17 PM
 #208

How is my income calculated? (provide an example here as well)
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September 09, 2017, 04:45:30 PM
 #209

Greetings!


What happens in case the loan is not repaid?


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


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.


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.


With regards,
team GOLDMINT


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September 09, 2017, 04:54:32 PM
 #210

What do i need to get a loan?

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September 09, 2017, 04:55:31 PM
 #211

how can gold be adopted into a blockchain system? so far I do not understand, because gold has a relatively stable price, while cryptocurrency tends to fluctuate

Greetings!

A lack of stability is an issue for the most of the tokens. We give liquidity and stable price by providing 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. Issuing each GOLD token we buy a troy ounce of physical gold or ETF. We burn all the GOLD tokens having no gold backing.

With regards,
team GOLDMINT

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September 09, 2017, 05:04:35 PM
 #212

What is an etf and how can it back Gold?

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September 09, 2017, 05:15:01 PM
 #213

How are the commissions distributed?
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September 09, 2017, 05:25:47 PM
 #214

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 09, 2017, 05:38:09 PM
 #215

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.


How are the commissions distributed?


75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.


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.


With regards,
team GOLDMINT


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September 09, 2017, 05:53:37 PM
 #216

What are MNTP tokens?
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September 09, 2017, 06:02:27 PM
 #217

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 09, 2017, 06:12:49 PM
 #218

What is the key idea of the project?

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September 09, 2017, 06:28:39 PM
 #219

Greetings!


What are MNTP tokens?


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


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 is the key idea of the project?


GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.

With regards,
team GOLDMINT

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September 10, 2017, 08:32:25 AM
 #220

How does custody bot evaluate the assets?
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