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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 74482 times)
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September 27, 2017, 02:26:38 PM
 #2101

How can gold help me hedging risks on the cryptocurrency market?
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September 27, 2017, 02:32:09 PM
 #2102

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
 #2103

Which assets can be deposited to the custody bot?

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September 27, 2017, 02:42:54 PM
 #2104

Does mnt act like a goldmint share?
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September 27, 2017, 02:47:43 PM
 #2105

What are some of the GOLD applications?
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September 27, 2017, 02:53:27 PM
 #2106

Im seriously bloody impressed!
Its just beyond my mental capacity to understand

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September 27, 2017, 02:59:31 PM
 #2107

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
 #2108

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
 #2109

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
 #2110

What is the key idea of the project?
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September 27, 2017, 03:19:57 PM
 #2111

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
 #2112

How does custody bot evaluate the assets?

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September 27, 2017, 03:33:12 PM
 #2113

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
 #2114

Which rights does MNT provide its holders with?
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September 27, 2017, 03:48:14 PM
 #2115

Which data will be stored on grapheme blockchain ?
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September 27, 2017, 03:53:35 PM
 #2116

You gotta be kidding, right? What's next?
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September 27, 2017, 03:57:54 PM
 #2117

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
 #2118

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
 #2119

Interesting, i will be watching this project
Best of luck

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September 27, 2017, 06:09:24 PM
 #2120

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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