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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167413 times)
thisisnotmyltcusername
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September 30, 2017, 01:04:48 PM
 #2461

Russian?
Then good luck russsian team!
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September 30, 2017, 01:11:01 PM
 #2462

Describe PoS and why you chose it? Thank you
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September 30, 2017, 01:17:06 PM
 #2463

Greetings!


What about GOLD exchange rate?


Emission :1 GOLD = cost of 1 ounce of gold on stock exchanges + 5% commission for fiat-GOLD-fiat – no more than 4%
Buyback: 1 GOLD = cost of 1 ounce of gold on stock exchanges +  max. 5% commission for fiat-GOLD-fiat– no more than 4%


What commission you hold?


GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD
(i.e., more than 0,0025 GOLD depending on the current gold price).


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


With regards,
team GOLDMINT

granathus
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September 30, 2017, 01:23:07 PM
 #2464

Which is the maximum amount of Gold emitted?
dcl595
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September 30, 2017, 01:29:33 PM
 #2465

How can it be both backed by real gold and run on blockchain?
actudoran
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September 30, 2017, 01:35:57 PM
 #2466

What difference between Goldmint and other gold-based cryptocurrency?
nenelsparadise
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September 30, 2017, 01:42:38 PM
 #2467

Don't forget to get listed on all exchanges
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September 30, 2017, 01:48:41 PM
 #2468

Greetings!


Which is the maximum amount of Gold emitted?


The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.


How can it be both backed by real gold and run on blockchain?


A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.


What difference between Goldmint and other gold-based cryptocurrency?


Differences   between   Goldmint   and   other  gold   cryptocurrency   blockchains  include  the  following:   

         Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions.   
         Goldmint  uses Proof-of-Stake where miners  are  doled blocks/ transactions  according   to the  amount  of MNT they have. Proof  of  stake  (PoS)  is  faster,  simpler and                 cheaper  than proof of work (PoW). 
         Physical gold and ETFs are stored in a programmed decentralized storage unit.
         Custody Bot    -   Goldmint’s   innovative  storage unit  is programmed to automatically  identify  and  store  gold  jewelry,  small  ingots  (up  to  100  grams)  and  coins without human intervention.


With regards,
team GOLDMINT

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September 30, 2017, 03:28:34 PM
 #2469

I see goldmint going
 Over 1 billion
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September 30, 2017, 03:33:56 PM
 #2470

very interested ,but want to know more details.
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September 30, 2017, 03:44:06 PM
 #2471

What is the key idea of the project?
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September 30, 2017, 03:49:17 PM
 #2472

How is gold emitted?
code
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September 30, 2017, 03:56:27 PM
 #2473

How do i get the money loaned?
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September 30, 2017, 04:03:31 PM
 #2474

Greetings!


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 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.


How do i get the money loaned?


GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.


With regards,
team GOLDMINT

spiceminer15
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September 30, 2017, 04:08:55 PM
 #2475

Which other elements does the goldmint infrastructure include?
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September 30, 2017, 04:13:52 PM
 #2476

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
ahitman
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September 30, 2017, 04:21:58 PM
 #2477

What happens when physical gold is withdrawn from custody bot?
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September 30, 2017, 04:26:59 PM
 #2478

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
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September 30, 2017, 06:34:33 PM
 #2479

May i ask what major difference this project has over similar project - Sudan Gold Coin? I mean both project claim to be backed by physical in blockchain, and do GoldMint see this project as a strong competitor?
ahitman
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October 01, 2017, 04:11:25 AM
 #2480

What is a key features of GOLD cryptoasset?
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