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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 86977 times)
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October 15, 2017, 11:24:57 AM
 #3161

how are the commissions distributed?
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actudoran
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October 15, 2017, 11:27:45 AM
 #3162

I will be following the project.
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October 15, 2017, 11:33:24 AM
 #3163

Greetings!

what is goldmint?

GoldMint is a blockchain-based company that helps gold owners trade, loan, invest in and use their GOLD assets, that are 100% backed by physical gold, for profit.

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 are the commissions distributed?

75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.

With regards,
team GOLDMINT

spiceminer15
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October 15, 2017, 11:37:51 AM
 #3164

what is trust management?
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October 15, 2017, 11:47:53 AM
 #3165

which operations does goldmint run with gold which ensure the investor with some income?
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October 15, 2017, 11:51:52 AM
 #3166

how is my income calculated? (provide an example here as well)
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October 15, 2017, 11:54:52 AM
 #3167

You gotta be kidding, right? What's next?
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October 15, 2017, 12:00:02 PM
 #3168

The project is well built but I still have a lot of questions because I am considering investing a little ETH for this project. I find that if this project can replace the gold, then surely it will be a new revolution in crypto

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October 15, 2017, 12:01:18 PM
 #3169

Greetings!

what is trust management?

Trust management occurs when investors send their GOLD to GoldMint and the company uses these assets for P2P loans or for buying physical gold (e.g., for goldfield development).

which operations does goldmint run with gold which ensure the investor with some income?

GoldMint provides investors with the following opportunities: 1. P2P lending - GoldMint gives investors significant interest when they lend GoldMint their gold (in the form of GOLD). 2. Opportunities related to physical gold - GoldMInt helps gold investors invest in goldfield development and in trading gold metals.

how is my income calculated? (provide an example here as well)

The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.

With regards,
team GOLDMINT

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October 15, 2017, 12:35:26 PM
 #3170

what are some of the gold applications?
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October 15, 2017, 12:42:34 PM
 #3171

which other elements does the goldmint infrastructure include?
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October 15, 2017, 12:48:14 PM
 #3172

what is the use of api implementation?
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October 15, 2017, 12:54:14 PM
 #3173

Finally, thank you. Now I'll check announcement threads more
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October 15, 2017, 01:00:16 PM
 #3174

Greetings!

what are some of the gold applications?

Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives.

which other elements does the goldmint infrastructure include?

Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade.

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.

With regards,
team GOLDMINT

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October 15, 2017, 01:06:32 PM
 #3175

Wauw the dev team is very active
Will follow the coin just becouse of that
Sleeping dev teams destroy They cummunity
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October 15, 2017, 01:10:37 PM
 #3176

Where is your bounty?
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October 15, 2017, 01:14:44 PM
 #3177

What commission you hold?
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October 15, 2017, 01:18:57 PM
 #3178

What difference between Goldmint and other gold-based cryptocurrency?
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October 15, 2017, 01:24:05 PM
 #3179

as a trader only i dont give a shit.
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October 15, 2017, 01:30:58 PM
 #3180

Greetings!

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).

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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