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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167177 times)
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September 27, 2017, 03:25:56 PM
 #2101

How does custody bot evaluate the assets?
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September 27, 2017, 03:33:12 PM
 #2102

Greetings!


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.


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.


With regards,
team GOLDMINT

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September 27, 2017, 03:41:42 PM
 #2103

Which rights does MNT provide its holders with?
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September 27, 2017, 03:48:14 PM
 #2104

Which data will be stored on grapheme blockchain ?
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September 27, 2017, 03:53:35 PM
 #2105

You gotta be kidding, right? What's next?
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September 27, 2017, 03:57:54 PM
 #2106

What happens if the miner doesn’t have enough computing power to verify a transaction?
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September 27, 2017, 04:03:34 PM
 #2107

Greetings!


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.


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.


With regards,
team GOLDMINT

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September 27, 2017, 06:02:17 PM
 #2108

Interesting, i will be watching this project
Best of luck
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September 27, 2017, 06:09:24 PM
 #2109

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, 06:09:50 PM
 #2110

Greetings!

How is graphene different from standard ERC20? Benefits?

Graphene blockchain is faster, cheaper and providing more financing API features.

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

Our differences are: development of physical gold custody bots, GOLD tokens guaranteed buyback, tangible real-time experience in physical gold business.

What happens if gold is stolen from the vault? Is there any insurance for investors against such options? The question looks ridiculous - but this situation can also be.

All gold gold will be insured. Moreover, none of our custody bots we'll be placed in pawnshops and banks being not security ensured.

With regards,
team GOLDMINT

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September 27, 2017, 06:14:39 PM
 #2111

What are MNTP tokens?
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September 27, 2017, 06:18:50 PM
 #2112

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, 06:20:35 PM
 #2113

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.
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September 27, 2017, 06:23:46 PM
 #2114

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, 06:28:02 PM
 #2115

Russian?
Then good luck russsian team!
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September 27, 2017, 06:33:09 PM
 #2116

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.


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%.


With regards,
team GOLDMINT

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September 27, 2017, 06:38:20 PM
 #2117

What can i do with GOLD assets?
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September 27, 2017, 06:44:16 PM
 #2118

How is gold emitted?
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September 27, 2017, 06:51:55 PM
 #2119

What other projects run on graphene?
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September 27, 2017, 06:55:30 PM
Last edit: September 27, 2017, 07:18:14 PM by destruct
 #2120

Greetings!


What can i do with GOLD assets?


You can use GOLD assets for the following:
Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.
Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.
Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.
ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.
Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process.


How is gold emitted?


The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.


What other projects run on graphene?

Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform


With regards,
team GOLDMINT

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