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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168996 times)
florianuhlemann
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September 27, 2017, 11:27:06 PM
 #2141

Describe PoS and why you chose it? Thank you.
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September 27, 2017, 11:36:12 PM
 #2142

how are the rewards for mining determined?
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September 27, 2017, 11:43:34 PM
 #2143

what happens if the miner doesn’t have enough computing power to verify a transaction?
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September 27, 2017, 11:50:00 PM
 #2144

Interesting, i will be watching this project. Best of luck.
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Alexander KOSTIN | GoldMint


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September 28, 2017, 12:01:44 AM
 #2145

Greetings!

Describe PoS and why you chose it? Thank you.

Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees.

how are the rewards for mining determined?

According to the amount of MNTs the miner has.

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

strideynet
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September 28, 2017, 12:09:52 AM
 #2146

why is goldmint platform built on graphene?
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September 28, 2017, 12:15:18 AM
 #2147

what are graphene’s advantages compared to ethereum and other blockchains?
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September 28, 2017, 12:21:45 AM
 #2148

what other projects run on graphene?
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September 28, 2017, 12:27:27 AM
 #2149

I do not really know about this project please d describe in more detail.
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Alexander KOSTIN | GoldMint


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September 28, 2017, 12:35:48 AM
 #2150

Greetings!

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.

what are graphene’s advantages compared to ethereum and other blockchains?

Graphene is cheaper, there is no charge for ether commissions. Graphene, too, is optimized for GOLD transactions therefore its executes its blocks faster and more effectively and it’s safer in that it uses its own coins rather than turing-complete smart contracts.

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

TomKoinify
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September 28, 2017, 12:44:36 AM
 #2151

which data will be stored on graphene blockchain?
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September 28, 2017, 12:50:14 AM
 #2152

Tell us more about hedging risks?
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September 28, 2017, 12:57:07 AM
 #2153

How can I get a loan with a golden ring for example?
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September 28, 2017, 01:02:17 AM
 #2154

2017 will be the year of Goldmint.
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Alexander KOSTIN | GoldMint


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September 28, 2017, 01:08:42 AM
 #2155

Greetings!

which data will be stored on graphene 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.

Tell us more about hedging risks?

Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.
Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment  of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.
Here are some reasons why investors choose GoldMint:
You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.

How can I get a loan with a golden ring for example?

1. User  presses  the  Open  button.  The  tray  slides  out. The  user  places  a  product  in  it, which gets loaded into the box.                                                                                                                                       
2. The  product  put  into  the  Custody  Bot  machine  enters  the  spectral  analysis block. A  manipulator  forces the product onto scales where it is weighed  twice, once in air then  in liquid.   
3. Once  inspection  is  complete,  the  manipulator  returns  the  product  to  one  of  the compartments inside the Custody Bot. 
4. The  spectral  data  and  weighting  data  are  fed  into  a  computer  installed  inside  the  box. This measurement  data is encoded on the blockchain, made public to anyone who  wants to see the information.
5. You get a loan in GOLD currency.

With regards,
team GOLDMINT

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September 28, 2017, 01:16:06 AM
 #2156

Can i recieve cryptocurrency or fiat loan from Goldmint ?
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September 28, 2017, 01:22:32 AM
 #2157

how can i get a loan using custody bot ?
florianuhlemann
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September 28, 2017, 01:30:43 AM
 #2158

what do i need to get a loan ?
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September 28, 2017, 01:33:21 AM
 #2159

So if I were looking to lay down 50k what could this ICO do for me???
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September 28, 2017, 01:38:21 AM
 #2160

Very interesting project, could become one of the biggest ICOs of 2017 in my humble opinion. All the best, looking forward to participating in the crowdfunding.
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