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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168873 times)
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October 17, 2017, 04:10:47 AM
 #3281

Why don't you use ETH blockchain?
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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October 17, 2017, 04:18:41 AM
 #3282

What about GOLD/MNT mining?
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October 17, 2017, 04:24:04 AM
 #3283

Interesting... Watching!
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October 17, 2017, 04:32:34 AM
 #3284

Greetings!

How will be distributed tokens during ICO event?

Release  of  MNT  tokens  are  done  by  Ethereum-based  smart  contracts,  specially  used  for distribution of tokens.   
80% of 10 000 000 MNT are released during ICO launch. 
GoldMint  team  receives  two  million  MNT  tokens,  and  no  more  than  500  000  per  quarter distributed via a special wallet. 
Some consultants receive MNT tokens two months after ICO launch. 
Smart contracts can automatically trade ETH into MNT. 
The number  of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.

Why don't you use ETH blockchain?

GoldMint’s blockchain, using the​ ​Graphene​ platform will be launched. 

    Advantages of such a choice compared to using an Ethereum private fork are as follows: 

        1. Safer  -  GoldMint  blockchain  uses  its  own  coins  rather  than  turing-complete  smart contracts. 
        2. More  productive  -  GoldMint  uses  PoS,  is  optimized  for  GOLD transactions  as there are no other ICOs on the same platform.   
        3. Cheaper - no charge for ether commissions. 
        4. The Graphene blockchain supports PoS.

What about GOLD/MNT mining?

To start mining, you just  needs  to  download  a program  from the  GoldMint repository, launch it on your device, fine-tune it and start mining. 
Consensus algorithm :  We use PoS as our primary mining system. In  case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent 
computational power from other miners.

Miner rotation 
The  amount  of  stakes  depends  on the  amount  of MNT  a miner holds.  So,  if  a miner owns 50% MNT, he will be chosen to process every second block. 

Miner rewards 
A miner receives  a  GOLD commission from each processed block. When the block is processed, no tokens are emitted.

With regards,
team GOLDMINT

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October 17, 2017, 04:43:47 AM
 #3285

Describe PoS and why you chose it? Thank you.
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October 17, 2017, 04:54:36 AM
 #3286

how are the rewards for mining determined?
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October 17, 2017, 05:02:25 AM
 #3287

what happens if the miner doesn’t have enough computing power to verify a transaction?
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October 17, 2017, 05:11:15 AM
 #3288

Looking good. Got my eye in this. What will happen to the classic chain.
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Alexander KOSTIN | GoldMint


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October 17, 2017, 05:21:43 AM
 #3289

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

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October 17, 2017, 05:35:04 AM
 #3290

why is goldmint platform built on graphene?
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October 17, 2017, 05:47:17 AM
 #3291

what are graphene’s advantages compared to ethereum and other blockchains?
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October 17, 2017, 06:00:53 AM
 #3292

what other projects run on graphene?
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October 17, 2017, 06:02:29 AM
 #3293

why is goldmint platform built on graphene?

Your question you asked is already answered before. You can check the answer posted here: https://bitcointalk.org/index.php?topic=2091726.msg21688081#msg21688081
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October 17, 2017, 06:13:43 AM
 #3294

okay not too bad to look at the project on this thread of course in this case I still need to see more about goldmint how it would be great in the future.
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Alexander KOSTIN | GoldMint


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October 17, 2017, 06:30:38 AM
 #3295

Greetings!

why is goldmint platform built on graphene?

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

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October 17, 2017, 07:58:55 AM
 #3296

which data will be stored on graphene blockchain?
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October 17, 2017, 08:07:02 AM
 #3297

Tell us more about hedging risks?
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October 17, 2017, 08:14:37 AM
 #3298

How can I get a loan with a golden ring for example?
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October 17, 2017, 08:21:49 AM
 #3299

this is better than only fools and horses,, hilarious!!!
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Alexander KOSTIN | GoldMint


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October 17, 2017, 08:30:52 AM
 #3300

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

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