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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 86929 times)
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October 10, 2017, 03:51:16 AM
 #2841

Russian?
Then good luck russsian team!
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October 10, 2017, 03:57:17 AM
 #2842

Greetings!

what is the use of api implementation?

The Application Programming Interface (API) regulates the GOLD, distributing these tokens to the following entities: E-commerce that can use GOLD for transactions. Local banks and Monetary Financial Institutions (MFIs) that can use GOLD as collateral. The API also regulates the GOLD that is used as escrow for bank accounts and as financial guarantees.

Where is your bounty?

Here you can find all details about our BTT campaign: https://bitcointalk.org/index.php?topic=2091804

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).

With regards,
team GOLDMINT

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October 10, 2017, 04:02:54 AM
 #2843

What difference between Goldmint and other gold-based cryptocurrency?

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October 10, 2017, 04:08:42 AM
 #2844

There was something written about API? What is about?
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October 10, 2017, 04:14:26 AM
 #2845

What is a key features of GOLD cryptoasset?
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October 10, 2017, 04:19:32 AM
 #2846

Don't forget to get listed on all exchanges
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October 10, 2017, 04:25:04 AM
 #2847

Greetings!

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.

There was something written about API? What is about?

GoldMint  plans  to  develop  an Application Programming  Interface  (API) to regulate  GOLD. 

This will achieve the following: 

     ●   E-commerce can use GOLD for transactions. 

     ●   Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral. 

     ●    GOLD can be used escrow for bank accounts and as financial guarantees.

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.

With regards,
team GOLDMINT

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October 10, 2017, 04:31:55 AM
 #2848

Why tokens are Gold-backed? Why not using any other precious metals or other asset?
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October 10, 2017, 04:37:07 AM
 #2849

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
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October 10, 2017, 04:37:25 AM
 #2850

What is a key features of GOLD cryptoasset?

Since it is purely gold backed crypto currency i think the main feature will be you will be able to buy/sell gold quite quickly.



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October 10, 2017, 04:42:40 AM
 #2851

How will amount of physical gold will be controlled?

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October 10, 2017, 04:48:06 AM
 #2852

Too funny.

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October 10, 2017, 04:55:12 AM
 #2853

Greetings!

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.

How will amount of physical gold will be controlled?

How will amount of physical gold will be controlled?

With regards,
team GOLDMINT

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October 10, 2017, 05:01:05 AM
 #2854

Does any person can trade GOLD for fiat?
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October 10, 2017, 05:07:22 AM
 #2855

How physical gold will be stored?

......A L F A ─ E N Z O......
\▼/ "Develop, standardize, protect, and promote" the AEF Ecosystem \▼/
...FACEBOOKTWITTERTELEGRAM BOUNTY...
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October 10, 2017, 05:14:03 AM
 #2856

What about GOLD exchange rate?
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October 10, 2017, 05:20:47 AM
 #2857

I think i better get into this one also looks like majority here are in favour of this project.
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October 10, 2017, 05:26:14 AM
 #2858

Greetings!

Does any person can trade GOLD for fiat?

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.

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%

With regards,
team GOLDMINT

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October 10, 2017, 05:37:18 AM
 #2859

What is ETF?
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October 10, 2017, 05:43:35 AM
 #2860

How GOLD is connected with real gold?

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