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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167494 times)
CryptoPromotions
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October 07, 2017, 11:06:19 AM
 #2781

what happens if the miner doesn’t have enough computing power to verify a transaction?
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October 07, 2017, 11:36:56 AM
 #2782

sorry, to complicated and fishy for me
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October 08, 2017, 02:54:25 AM
 #2783

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

ianp
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October 08, 2017, 03:00:08 AM
 #2784

why is goldmint platform built on graphene?
dermo
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October 08, 2017, 03:07:53 AM
 #2785

what are graphene’s advantages compared to ethereum and other blockchains?
BazkieBumpercar
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October 08, 2017, 03:13:43 AM
 #2786

what other projects run on graphene?
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October 08, 2017, 03:20:13 AM
 #2787

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them.
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October 08, 2017, 03:28:31 AM
 #2788

Greetings!

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

DeeSome
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October 08, 2017, 03:30:42 AM
 #2789

which data will be stored on graphene blockchain?
dcl595
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October 08, 2017, 03:36:09 AM
 #2790

Tell us more about hedging risks?
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October 08, 2017, 03:43:09 AM
 #2791

How can I get a loan with a golden ring for example?
actudoran
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October 08, 2017, 03:48:09 AM
 #2792

Yes, this is a good idea.
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October 08, 2017, 03:58:00 AM
 #2793

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


spiceminer15
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October 08, 2017, 04:00:03 AM
 #2794

Can i recieve cryptocurrency or fiat loan from Goldmint?
nenelsparadise
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October 08, 2017, 04:06:08 AM
 #2795

how can i get a loan using custody bot?
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October 08, 2017, 04:06:39 AM
 #2796

hmmm, i seem to have missed this one when it ran, i remember many "gold" projects have come and gone, interesting to see where this one will go
i like the use of graphene, it's a way lesser known (but way better imo) option to many
Good Luck on your project, ill be following how it goes Smiley

~Got this girl in my bed, a roof over my head, i mine a couple coins a week, and thats how i make bread~
~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~
Prohashing  -- Simply the best Multipool!
CryptoPromotions
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October 08, 2017, 04:12:06 AM
 #2797

what do i need to get a loan?
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October 08, 2017, 04:18:25 AM
 #2798

nice work
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October 08, 2017, 04:27:32 AM
 #2799

Greetings!

Can i recieve cryptocurrency or fiat loan from Goldmint?

You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC procedure.

All members who have GOLD receive GoldMint Partner banks credit cards, aligned with VISA and MasterCard systems. To that end, GoldMint plans to create a special bank card  called “ Bogatstvo ” for prominent pawnshops like “ Blago ” and ” Fianit “.

Process:

GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint infrastructure element.
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.
Credit card limits are set according to the value of the user’s GOLD.These cards can be used for payment in shops, restaurants and cafes. Interest is accrued to unpaid credit debt. If this remains unpaid, GOLD reverts to GoldMint.

how can i get a loan using custody bot?
After you’ve done the KYC process, you enter your gold commodities in the Custody Bot, which inspects the items and determines how much fiat or crypto currency you get. You can, also, receive a credit card through a partner bank. The limit of that card will correspond to the value of your stored gold.

what do i need to get a loan?

You need to undergo the KYC procedure. You use your GOLD or gold valuables as collateral.

With regards,
team GOLDMINT


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October 08, 2017, 04:30:58 AM
 #2800

what is the limit of the loan?
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