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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 74489 times)
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September 30, 2017, 03:33:56 PM
 #2481

very interested ,but want to know more details.

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September 30, 2017, 03:44:06 PM
 #2482

What is the key idea of the project?


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September 30, 2017, 03:49:17 PM
 #2483

How is gold emitted?
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September 30, 2017, 03:56:27 PM
 #2484

How do i get the money loaned?
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September 30, 2017, 04:03:31 PM
 #2485

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

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September 30, 2017, 04:08:55 PM
 #2486

Which other elements does the goldmint infrastructure include?

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September 30, 2017, 04:13:52 PM
 #2487

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?

.....HOQU....
.MARKETING OF THE FUTURE!.






                                              
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September 30, 2017, 04:21:58 PM
 #2488

What happens when physical gold is withdrawn from custody bot?
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September 30, 2017, 04:26:59 PM
 #2489

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them

.....HOQU....
.MARKETING OF THE FUTURE!.






                                              
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............................................Decentralized affiliate platform...........................................
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September 30, 2017, 06:34:33 PM
 #2490

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?


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October 01, 2017, 04:11:25 AM
 #2491

What is a key features of GOLD cryptoasset?
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October 01, 2017, 04:15:40 AM
 #2492

Why tokens are Gold-backed? Why not using any other precious metals or other asset?

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October 01, 2017, 04:19:50 AM
 #2493

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?

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October 01, 2017, 04:29:08 AM
 #2494

What happens when physical gold is withdrawn from custody bot?

According to the whitepaper when the physical gold is withdrawn from custody bot, the same number of gold assets will be destroyed.

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Token Sale starts 6th of February 2018
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October 01, 2017, 04:29:43 AM
 #2495

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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October 01, 2017, 04:53:01 AM
 #2496

Greetings!

What is a key features of GOLD cryptoasset?

The characteristics of the GOLD cryptoasset include the following:

        100% transparency  of  information  about  all  Gold  owned by GoldMint, disclosing the company’s  gold  reserves  and  its  ability  to  buy  back  GOLD  at  its  current  trading price. 
        GoldMint  uses the  decentralized blockchain  for  smart  contracts  and  for harboring  its  cryptoassets 
        GoldMint  uses  ETF  for  liquidity  and  elasticity.  ETF helps you trade  gold  far  faster than physical gold does
        A  secured  loan may  contain gold, like jewelry or coins. GoldMint helps you store this collateral in its unique Custody Bot.
        The ability to receive passive income as market price of GOLD rises. 
        Robotic storage unit Custody Bot                                                                                                                 
        Buyback of GOLD for fiat according to the current price of GOLD. 
        A fast user registration system and identification.

Why tokens are Gold-backed? Why not using any other precious metals or other asset?

Gold- because it is a clear metal for general public. Plus, we have a company that buys 450 kg of gold per month from pawnshops all over Russia. These are unclaimed deposits. Therefore, we have our own source of gold - we don't depend on banks.
 
Today, more than 1% of all gold is kept in pawnshops. In 53% of the cases, gold is bought as a mean of investment. Many people buy coins or small bars of gold. For them Custody Bot is an excellent solution. Coins are the easiest to examine. Initially, we set a task for our engineers to examine the quality of jewellery. They have succeeded and this is way more difficult than examining coins.

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?

If  the  audit  results  show  that,  the  value  of physical gold  is  less than the number  of the GOLD tokens emitted, the  excess  amount  of  GOLD  will  be  written  off  automatically from  the  company  wallet via the  smart contract.

With regards,
team GOLDMINT

BazkieBumpercar
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October 01, 2017, 05:01:06 AM
 #2497

How will amount of physical gold will be controlled?


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October 01, 2017, 05:08:34 AM
 #2498

Does any person can trade GOLD for fiat?

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October 01, 2017, 05:11:16 AM
 #2499

How physical gold will be stored?
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October 01, 2017, 05:15:26 AM
 #2500

I will be following the project.
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