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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 78907 times)
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September 27, 2017, 11:35:08 AM
 #2081

How will be distributed tokens during ICO event?

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September 27, 2017, 11:41:04 AM
 #2082

Why don't you use ETH blockchain?
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September 27, 2017, 11:45:55 AM
 #2083

What about GOLD/MNT mining?
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September 27, 2017, 11:50:07 AM
 #2084

I like the project.,good luck team

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September 27, 2017, 11:58:52 AM
 #2085

Greetings!

How will be distributed tokens during ICO event?

Release  of  MNT  tokens  are  done  by  Ethereum-based  smart  contracts,  specially  used  for distribution of tokens.   
80% of 10 000 000 MNT are released during ICO launch. 
GoldMint  team  receives  two  million  MNT  tokens,  and  no  more  than  500  000  per  quarter distributed via a special wallet. 
Some consultants receive MNT tokens two months after ICO launch. 
Smart contracts can automatically trade ETH into MNT. 
The number  of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.

Why don't you use ETH blockchain?

GoldMint’s blockchain, using the​ ​Graphene​ platform will be launched. 

    Advantages of such a choice compared to using an Ethereum private fork are as follows: 

        1. Safer  -  GoldMint  blockchain  uses  its  own  coins  rather  than  turing-complete  smart contracts. 
        2. More  productive  -  GoldMint  uses  PoS,  is  optimized  for  GOLD transactions  as there are no other ICOs on the same platform.   
        3. Cheaper - no charge for ether commissions. 
        4. The Graphene blockchain supports PoS.

What about GOLD/MNT mining?

To start mining, you just  needs  to  download  a program  from the  GoldMint repository, launch it on your device, fine-tune it and start mining. 
Consensus algorithm :  We use PoS as our primary mining system. In  case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent 
computational power from other miners.

Miner rotation 
The  amount  of  stakes  depends  on the  amount  of MNT  a miner holds.  So,  if  a miner owns 50% MNT, he will be chosen to process every second block. 

Miner rewards 
A miner receives  a  GOLD commission from each processed block. When the block is processed, no tokens are emitted.

With regards,
team GOLDMINT

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September 27, 2017, 01:00:12 PM
 #2086

What are MNTP tokens?
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September 27, 2017, 01:05:25 PM
 #2087

How is graphene different from standard ERC20? Benefits?

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September 27, 2017, 01:08:38 PM
 #2088

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, 01:10:48 PM
 #2089

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
if they can exchange to gold bar i will buy 5btc . Grin

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September 27, 2017, 01:12:46 PM
 #2090

What happens if the miner doesn’t have enough computing power to verify a transaction?

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September 27, 2017, 01:17:50 PM
 #2091

Does mnt act like a goldmint share?
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September 27, 2017, 01:24:26 PM
 #2092

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 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.


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.


With regards,
team GOLDMINT

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September 27, 2017, 01:29:37 PM
 #2093

What is the limit of the loan?

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September 27, 2017, 01:34:26 PM
 #2094

What is custody bot?
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September 27, 2017, 01:39:57 PM
 #2095

What are the commissions for transactions in gold?
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September 27, 2017, 01:45:28 PM
 #2096

I like the project.,good luck team

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September 27, 2017, 01:51:54 PM
 #2097

Greetings!


What is the limit of the loan?


The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.


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.


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 ).


With regards,
team GOLDMINT

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September 27, 2017, 01:57:27 PM
 #2098

Looking good. Got my eye in this. What will happen to the classic chain.
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September 27, 2017, 02:09:23 PM
 #2099

What is trust management?
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September 27, 2017, 02:16:37 PM
 #2100

How do they work?
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