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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 95021 times)
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September 27, 2017, 07:32:17 AM
 #2041

What difference between MNT and GOLD?
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September 27, 2017, 07:38:32 AM
 #2042

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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September 27, 2017, 07:46:52 AM
 #2043

How does custody bot evaluate the assets?
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September 27, 2017, 07:53:21 AM
 #2044

Why is goldmint platform built on graphene?
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September 27, 2017, 07:59:27 AM
 #2045

Where does goldmint store its physical Gold and which etfs back gold cryptoassets?
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September 27, 2017, 08:05:20 AM
 #2046

Interesting... Watching!
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September 27, 2017, 08:14:35 AM
 #2047

Greetings!


How does custody bot evaluate the assets?


Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis.


Why is goldmint platform built on graphene?


The advantages of Graphene compared to Ethereum include the following. It is: Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. More productive - GoldMint is optimized for GOLD transactions. GoldMint is the only ICO that uses this platform, so its platform executes workloads The Graphene blockchain supports PoS.Cheaper - there is no charge for ether commissions.faster and more effectively.


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.


With regards,
team GOLDMINT

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September 27, 2017, 08:19:16 AM
 #2048

I support this project!
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September 27, 2017, 08:23:57 AM
 #2049

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 27, 2017, 08:32:25 AM
 #2050

Greetings!


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 27, 2017, 08:47:03 AM
 #2051

How Custody Bot will be linked to a blockchain?
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September 27, 2017, 08:53:23 AM
 #2052

How Custody Bot analyse the value of gold?
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September 27, 2017, 09:00:24 AM
 #2053

what is custody bot?
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September 27, 2017, 09:07:41 AM
 #2054

this is better than only fools and horses,, hilarious!!!
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September 27, 2017, 09:22:12 AM
 #2055

Greetings!

How Custody Bot will be linked to a blockchain?

The ​Airalab Core​ platform links Custody Bot to the blockchain.
We are consulting with them because they have a huge expirience about connecting various bots to blockchain

How Custody Bot analyse the value of gold?

Gold inspection includes: 
     ●    Visual  identification  of the product by  an  operator –  coin,  ingot, jewelry, raw gold or gold granules 
     ●    Evaluation via spectrography using the spectrograph installed within the box   
     ●    Evaluation and weighing of gold via hydrostatic weighing   

Custody  Bot  uses  the  technologies  of  spectral  analysis  and  hydrostatic  weighing  to  inspect the value  of the  gold.  In the  absence  of  a  single  standard,  a  specialist  also manually inspects the jewelry before Custody Bot conducts spectral analysis.

Spectral analysis: the process:
Custody  Bot  uses  fluorescence  spectroscopy,  a  type  of  electromagnetic  spectroscopy  that analyzes  fluorescence  from  a  sample.  This technique  involves using  a beam  of  light, usually ultraviolet light, that excites the electrons in molecules of certain compounds and causes them to  emit  light.  An  analyzer  crystal  disperses  radiation  onto  the  gold  via  a  detector.  A computer-controlled  precision   goniometer  moves  the  analyzer  crystal  and  detector  and controls the position, intensity and lengths of secondary radiation waves. Concentration of the analysis is calculated by comparison with known standard samples. 

Hydrostatic weighing: the process: 
Hydrostatic  weighing  determines  the  density  of  the  gold  and  is  done by weighting the  item first  in  air  then  liquid  and  calculating  the  combined  private  density  (ρ2). Estimation  of density is made by contrasting the density of gold to densities of other metals. 

The  initial weighting  lets  define the valuable’s weight (m1) and the second one lets detemine the volume: V=(m1-m2)/ρ2.

what is custody bot?

Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold.

With regards,
team GOLDMINT

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September 27, 2017, 09:28:11 AM
 #2056

"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 27, 2017, 09:34:54 AM
 #2057

how does custody bot evaluate the assets?
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September 27, 2017, 09:43:39 AM
 #2058

which assets can be deposited to the custody bot?
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September 27, 2017, 09:49:12 AM
 #2059

why can custody bot automate gold valuables assessment?
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September 27, 2017, 09:57:26 AM
 #2060

Greetings!

how does custody bot evaluate the assets?

Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis.

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.

With regards,
team GOLDMINT

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