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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 79576 times)
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September 29, 2017, 03:24:04 AM
 #2321

Too funny.

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September 29, 2017, 03:32:32 AM
 #2322

Greetings!

What do you want to gain with your project?

Today there are more than 60,000 tonnes of gold from the earth extracted, half of which finds its way into the pockets and accounts of “ordinary” people. Our idea is no short of revolutionary: we plan to convert this gold into blockchain-encrypted tokens to help owners protect their valuables, to help investors move their gold can more rapidly and easily from one part of the world to another, and to help companies and individuals hedge their gold against market volatility.

We plan to move in three stages:

To gain access to 1% of global gold circulation (over 300 tonnes) by launching Custody Bot automated storage facilities in pawnshops around the world.
To gain access to another 5% of gold circulation by introducing Custody Bot to shopping centers.
To gradually gain access to a final 10% of gold reserves, worth more than $100 billion, and to develop a special version of Custody Bot for popular installation.

How Custody Bot will be linked to a blockchain?

The ​Airalab Core​ platform links Custody Bot to the blockchain.

We are consulting with them because they have a huge expirience about connecting various bots to blockchain

How Custody Bot analyse the value of gold?

Gold inspection includes: 
     ●    Visual  identification  of the product by  an  operator –  coin,  ingot, jewelry, raw gold or gold granules 
     ●    Evaluation via spectrography using the spectrograph installed within the box   
     ●    Evaluation and weighing of gold via hydrostatic weighing   

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.

Spectral analysis: the process:
Custody  Bot  uses  fluorescence  spectroscopy,  a  type  of  electromagnetic  spectroscopy  that analyzes  fluorescence  from  a  sample.  This technique  involves using  a beam  of  light, usually ultraviolet light, that excites the electrons in molecules of certain compounds and causes them to  emit  light.  An  analyzer  crystal  disperses  radiation  onto  the  gold  via  a  detector.  A computer-controlled  precision   goniometer  moves  the  analyzer  crystal  and  detector  and controls the position, intensity and lengths of secondary radiation waves. Concentration of the analysis is calculated by comparison with known standard samples. 

Hydrostatic weighing: the process: 
Hydrostatic  weighing  determines  the  density  of  the  gold  and  is  done by weighting the  item first  in  air  then  liquid  and  calculating  the  combined  private  density  (ρ2). Estimation  of density is made by contrasting the density of gold to densities of other metals. 

The  initial weighting  lets  define the valuable’s weight (m1) and the second one lets detemine the volume: V=(m1-m2)/ρ2.

With regards,
team GOLDMINT

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September 29, 2017, 04:32:30 AM
 #2323

how can mnt tokens be purchased?

Hey, I think goldmint's ICO is still running so I guess you can go to their ICO site and buy goldmint tokens from there if you like.

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September 29, 2017, 05:15:24 AM
 #2324

hi destruct

  I have purchased 1000 MNT/MNTP tokens out of 10 million available. this gives me ownership of 1 in every 10000 tokens.

  1) How many tokens approx would be needed to mine one GOLD block ?   The reward for mining a block would obviously be directly related to a % the total value of the GOLD block mined ?    So a more valuable block would be more profitable to mine ?

  2) Just a thought here. Would it be at all possible to combine/pool all miners  MNT/MNTP tokens together and each miner can then share EQUITABLY in the GOLD mining profits for all blocks mined based on the % of MNT/MNTP tokens they own. Each miner could then receive a % payout on a daily basis or however often you pay out commissions.  

  3) Currently you do not require purchasers of MNT/MNTP tokens to produce any form of ID. Once operational and you start paying miners commission in GOLD will you then require each miner to provide you KYC/ID personal details ?

  4) Will your new graphene blockchain be quantum proof ?

  5) Could GOLDMINT possibly set up there own in house exchange for people to trade tokens and GOLD. This would avoid price manipulation on crypto exchanges. For example Vaultoro has their own exchange on their web site.

Cheers )



 
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September 29, 2017, 06:07:13 AM
 #2325

what is custody bot?

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September 29, 2017, 06:13:01 AM
 #2326

how does custody bot evaluate the assets?

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September 29, 2017, 06:18:10 AM
 #2327

which assets can be deposited to the custody bot?

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September 29, 2017, 06:20:23 AM
 #2328

I think this project will successful, during the presale, the platform raised over $600k in under 36 hours and raised over $4.5 million with over 800 000 tokens sold.

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September 29, 2017, 06:24:08 AM
 #2329

I think i better get into this one also looks like majority here are in favour of this project.

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September 29, 2017, 06:30:51 AM
 #2330

Greetings!

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.

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.

which assets can be deposited to the custody bot?

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

With regards,
team GOLDMINT

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September 29, 2017, 06:36:25 AM
 #2331

why can custody bot automate gold valuables assessment?

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September 29, 2017, 06:42:38 AM
 #2332

why does gold jewelry need extra examination from a specialist?

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September 29, 2017, 06:44:25 AM
 #2333

This is really cool. Will definitely lead to a more stable token.

I am however concerned about securities laws. This is essentially a security backed by gold, which might have some legal implications.
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September 29, 2017, 06:49:05 AM
 #2334

which details of gold valuables examination are sent to the blockchain?
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September 29, 2017, 06:54:16 AM
 #2335

very frustrating indeed , need this coin to be like jesus and rise from the dead

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September 29, 2017, 07:02:15 AM
 #2336

Greetings!

why can custody bot automate gold valuables assessment?

Custody Bot can replace pawnshops as it is more transparent and almost totally automated.

why does gold jewelry need extra examination from a specialist?

Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.

which details of gold valuables examination are sent to the blockchain?

The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres.

With regards,
team GOLDMINT

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September 29, 2017, 07:07:07 AM
 #2337

what happens when physical gold is withdrawn from custody bot?

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FRELDO
Token sales
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September 29, 2017, 07:13:04 AM
 #2338

what are the costs of custody bot development?
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September 29, 2017, 07:19:05 AM
 #2339

When was the pre-ICO? I haven't heard anything about it.
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September 29, 2017, 07:25:10 AM
 #2340

I'm in. Good luck everyone
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