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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168209 times)
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September 27, 2017, 01:29:37 PM
 #2081

What is the limit of the loan?
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September 27, 2017, 01:34:26 PM
 #2082

What is custody bot?
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September 27, 2017, 01:39:57 PM
 #2083

What are the commissions for transactions in gold?
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September 27, 2017, 01:45:28 PM
 #2084

I like the project.,good luck team
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September 27, 2017, 01:51:54 PM
 #2085

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
 #2086

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
 #2087

What is trust management?
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September 27, 2017, 02:16:37 PM
 #2088

How do they work?
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September 27, 2017, 02:26:38 PM
 #2089

How can gold help me hedging risks on the cryptocurrency market?
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September 27, 2017, 02:32:09 PM
 #2090

Greetings!


What is trust management?


Trust management occurs when investors send their GOLD to GoldMint and the company uses these assets for P2P loans or for buying physical gold (e.g., for goldfield development).


How do they work?


MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.


How can gold help me hedging risks on the cryptocurrency market?


The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction.


With regards,
team GOLDMINT

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September 27, 2017, 02:36:09 PM
 #2091

Which assets can be deposited to the custody bot?
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September 27, 2017, 02:42:54 PM
 #2092

Does mnt act like a goldmint share?
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September 27, 2017, 02:47:43 PM
 #2093

What are some of the GOLD applications?
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September 27, 2017, 02:53:27 PM
 #2094

Im seriously bloody impressed!
Its just beyond my mental capacity to understand
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September 27, 2017, 02:59:31 PM
 #2095

Greetings!


Which assets can be deposited to the custody bot?


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


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.


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, 03:05:48 PM
 #2096

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, 03:16:37 PM
 #2097

Looking good. Got my eye in this. What will happen to the classic chain.
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September 27, 2017, 03:19:11 PM
 #2098

What is the key idea of the project?
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September 27, 2017, 03:19:57 PM
 #2099

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
I also want to know this.  Is it possible ?

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September 27, 2017, 03:25:56 PM
 #2100

How does custody bot evaluate the assets?
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