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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168210 times)
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September 27, 2017, 05:25:45 AM
 #2021

does mnt act like a goldmint share?
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September 27, 2017, 05:30:43 AM
 #2022

Excellent presentation guys and innovative approach. What are the differences bw you and other crypto gold icos?

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September 27, 2017, 05:32:16 AM
 #2023

which rights does mnt provide its holders with?
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September 27, 2017, 05:38:50 AM
 #2024

What do you want to gain with your project?
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September 27, 2017, 05:44:05 AM
 #2025

okay not too bad to look at the project on this thread of course in this case I still need to see more about goldmint how it would be great in the future
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September 27, 2017, 05:51:24 AM
 #2026

Greetings!

does mnt act like a goldmint share?

MNT token does not imply rights to participate in company management of GoldMint and is not a share.

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.

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.


With regards,
team GOLDMINT

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September 27, 2017, 06:00:46 AM
 #2027

Which assets can be deposited to the custody bot?
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September 27, 2017, 06:08:40 AM
 #2028

Could you give us an example number of the cost storing gold? (e.g. In the USA or switzerland)
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September 27, 2017, 06:13:21 AM
 #2029

What are some of the GOLD applications?
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September 27, 2017, 06:21:09 AM
 #2030

Greetings!


Which assets can be deposited to the custody bot?


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


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.


What are some of the GOLD applications?


Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives.


With regards,
team GOLDMINT

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September 27, 2017, 06:24:59 AM
 #2031

I think i better get into this one also looks like majority here are in favour of this project.
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September 27, 2017, 06:30:36 AM
 #2032

Which data will be stored on grapheme blockchain ?
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September 27, 2017, 06:36:17 AM
 #2033

What happens if the miner doesn’t have enough computing power to verify a transaction?
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September 27, 2017, 06:46:44 AM
 #2034

Which rights does MNT provide its holders with?
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September 27, 2017, 06:56:54 AM
 #2035

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 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 27, 2017, 07:07:09 AM
 #2036

How Can I Buy Gold?
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September 27, 2017, 07:14:39 AM
 #2037

What Are The Commissions For Transactions In Gold?
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September 27, 2017, 07:22:02 AM
 #2038

Great! were and when it will be listed
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September 27, 2017, 07:32:17 AM
 #2039

What difference between MNT and GOLD?
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September 27, 2017, 07:38:32 AM
 #2040

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.


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 ).


What difference between MNT and GOLD?


GOLD
Cryptoasset. Cost and buyback are 100% based  on LBMA It's application depends on the agreement described by GoldMint company. It's value depends on amount of gold in reserves/ circulation

MNT
GoldMint’s cryptocurrency is used to confirm GOLD cryptoasset transactions. Amount of MNT determines amount of GOLD transactions. Growth of MNT depends on turnover  of GOLD.


With regards,
team GOLDMINT

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