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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 87059 times)
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October 04, 2017, 10:39:13 AM
 #2681

What about GOLD exchange rate?
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October 04, 2017, 10:47:48 AM
 #2682

What is ETF?
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October 04, 2017, 11:01:06 AM
 #2683

"I am so happy this is not just a crypto currency and not just reliant on people buying and selling coins.
alot of thick people in the world"
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October 04, 2017, 11:10:25 AM
 #2684

Greetings!

How physical gold will be stored?

Physical gold is locked-up in storage and rated according to its value: 

                 Moody’s ​-  A2 and above.
                 Standard and Poor's​ - A and above. 
                 Fitch​ - A and above.

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 is ETF?

ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)).

Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD.

With regards,
team GOLDMINT

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October 04, 2017, 11:22:20 AM
 #2685

How GOLD is connected with real gold?
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October 04, 2017, 11:30:55 AM
 #2686

what is gold?
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October 04, 2017, 11:39:50 AM
 #2687

how is the gold asset backed by gold?
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October 04, 2017, 11:47:51 AM
 #2688

Need more information please
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October 04, 2017, 11:58:42 AM
 #2689

Greetings!

How GOLD is connected with real gold?

GOLD  is  a  crypto  asset  issued  by  GoldMint  that  uses  the  current  price  of  gold  set  on  the LBMA exchange   at the time of sale.  

                        ●   Equal to one ounce (31,1035 grams) of gold (999 quality)  
                        ●   Shards into 100,000 parts.  
                        ●   Commissions are given in GOLD.

Information  is  transmitted  to  the  blockchain  ledger  about the number  of  ounces  of physical  

gold or ETFs owned by GoldMint. ETF is bought on  he  stock exchange NYSE, Arca​ and subsequent  information  is publicized on GoldMint’s decentralized blockchain, making  it   transparent  and open to all members. Statements are received from the depositary (electronic or printed).  

All physical gold owned by GoldMint exists in the following forms:  

               a.   Manufacturer-certified bullions  
               b.    Gold coins  
               c.   Gold jewelry  
               d.   999 quality granules, stamped by manufacturer

what is gold?

GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)

how is the gold asset backed by gold?

All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.

With regards,
team GOLDMINT

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October 04, 2017, 12:06:48 PM
 #2690

How to invest in your project?
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October 04, 2017, 12:09:11 PM
 #2691

what is an etf and how can it back gold?
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October 04, 2017, 12:12:28 PM
 #2692

where does goldmint store its physical gold and which etfs back gold cryptoassets?
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October 04, 2017, 12:18:39 PM
 #2693

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)
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October 04, 2017, 12:24:51 PM
 #2694

I support this project!
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October 04, 2017, 12:31:13 PM
 #2695

Greetings!

what is an etf and how can it back gold?

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.

where does goldmint store its physical gold and which etfs back gold cryptoassets?

GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)

The average fee for storing physical gold is 0,25% from its estimated value a year.

With regards,
team GOLDMINT

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October 04, 2017, 12:36:13 PM
 #2696

Excellent presentation guys and innovative approach. What are the differences bw you and other crypto gold icos?
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October 04, 2017, 06:46:54 PM
 #2697

Excellent presentation guys and innovative approach. What are the differences bw you and other crypto gold icos?
Differences  between  Goldmint  and  other gold  cryptocurrency  blockchains include the following: 

1) Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions. 
2) 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).
3) Physical gold and ETFs are stored in a programmed decentralized storage unit.
4) 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.
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October 04, 2017, 07:53:43 PM
 #2698

Greetings!

How GOLD is connected with real gold?

GOLD  is  a  crypto  asset  issued  by  GoldMint  that  uses  the  current  price  of  gold  set  on  the LBMA exchange   at the time of sale.  

                        ●   Equal to one ounce (31,1035 grams) of gold (999 quality)  
                        ●   Shards into 100,000 parts.  
                        ●   Commissions are given in GOLD.

Information  is  transmitted  to  the  blockchain  ledger  about the number  of  ounces  of physical  

gold or ETFs owned by GoldMint. ETF is bought on  he  stock exchange NYSE, Arca​ and subsequent  information  is publicized on GoldMint’s decentralized blockchain, making  it   transparent  and open to all members. Statements are received from the depositary (electronic or printed).  

All physical gold owned by GoldMint exists in the following forms:  

               a.   Manufacturer-certified bullions  
               b.    Gold coins  
               c.   Gold jewelry  
               d.   999 quality granules, stamped by manufacturer

what is gold?

GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)

how is the gold asset backed by gold?

All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.

With regards,
team GOLDMINT


I do not see much difference with a plain gold EFF, except that gold jewelry and coins are worth  less than a standard monetary bullion.

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October 04, 2017, 07:56:15 PM
 #2699

WooW! That's what I call the naturalization of the crypto currency. Good luck!
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October 05, 2017, 04:32:02 AM
 #2700

will there be any auditing of goldmint assets?
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