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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 87026 times)
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October 19, 2017, 09:54:22 AM
 #3381

some people may wonder if they can exchange the gold token with the real gold bars. how are you going to explain this?
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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October 19, 2017, 10:05:05 AM
 #3382

what can i do with gold assets?
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October 19, 2017, 10:20:51 AM
 #3383

what are your price-speculations?
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October 19, 2017, 10:35:23 AM
 #3384

the step seem a little complexed//// but worth to get!
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October 19, 2017, 10:47:08 AM
 #3385

Greetings!

some people may wonder if they can exchange the gold token with the real gold bars. how are you going to explain this?

The price of one GOLD equals one ounce of physical gold on the LBMA. Applicants who want to trade GOLD for fiat need to undergo GoldMint's KYC procedure. If accepted, the applicant’s GOLD cryptoasset is transferred from his, or her, GoldMint wallet to a special GoldMint account and is converted to fiat. GoldMint sends this fiat to the applicant. So, the price with commissions you receive for buying GOLD is LBMA + 5%, selling - LBMA + 2%. Therefore the way fiat => GOLD => fiat will be 3%.

what can i do with gold assets?

You can use GOLD assets for the following:
Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.
Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.
Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.
ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.
Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process.

how is gold emitted?

The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.

With regards,
team GOLDMINT

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October 19, 2017, 10:57:51 AM
 #3386

which is the maximum amount of gold emitted?
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October 19, 2017, 10:59:23 AM
 #3387

How much is the bonus now, and what was the maximum bonus when you started the ICO on Sep 20?

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October 19, 2017, 11:11:26 AM
 #3388

what are the commissions for transactions in gold?
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October 19, 2017, 11:24:53 AM
 #3389

do gold commissions depend on the country/citizenship?
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October 19, 2017, 11:35:41 AM
 #3390

Fuck all IPOs=Scam!
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October 19, 2017, 11:46:58 AM
 #3391

Greetings!

which is the maximum amount of gold emitted?

The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.

what are the commissions for transactions in gold?

Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. 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 ).

do gold commissions depend on the country/citizenship?

No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.

With regards,
team GOLDMINT

Notin2
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October 19, 2017, 11:48:36 AM
 #3392

do gold commissions depend on the country/citizenship?

I would also like more closure on this, say am a token holder from africa and also equally have some physical gold in my possession, will my country affect the usage of this token? If no, then how is this beneficial to me in the aspect of usability? Thanks
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October 19, 2017, 11:58:38 AM
 #3393

So you are goin to prolong your ICO?
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October 19, 2017, 03:11:40 PM
 #3394

Fuck all IPOs=Scam!
Smiley
Most of them!

Signature Campaigns sucks!!!
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October 19, 2017, 07:47:05 PM
 #3395

How much is the bonus now, and what was the maximum bonus when you started the ICO on Sep 20?

Greetings!

On 20th of September bonus have started from 20%. Right now it's 15%.

With regards,
team GOLDMINT

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October 20, 2017, 04:00:30 AM
 #3396

how is it burned?
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October 20, 2017, 04:09:08 AM
 #3397

how can gold help me hedging risks on the cryptocurrency market?
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October 20, 2017, 04:17:16 AM
 #3398

how can icos find gold profitable?
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October 20, 2017, 04:24:19 AM
 #3399

very interested ,but want to know more details.
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October 20, 2017, 04:33:45 AM
 #3400

Greetings!

how is it burned?

GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.
how can gold help me hedging risks on the cryptocurrency market?

The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction.

how can icos find gold profitable?

For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

With regards,
team GOLDMINT

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