Bitcoin Forum
May 21, 2019, 08:08:26 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 [24] 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 ... 251 »
  Print  
Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 94778 times)
goodluck0319
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile
September 14, 2017, 07:08:29 AM
 #461

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?

European Cryptocurrency Mining Equipment Reseller

Bank Transfer & Bitcoin Accepted!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Notin2
Sr. Member
****
Offline Offline

Activity: 630
Merit: 253



View Profile
September 14, 2017, 07:10:11 AM
 #462

If i have a physical Gold in my possession how can it be related to this project or this only applies to virtual Gold in blockchain.
destruct
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
September 14, 2017, 07:14:29 AM
 #463

Greetings!

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.

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.

With regards,
team GOLDMINT

strideynet
Sr. Member
****
Offline Offline

Activity: 412
Merit: 250



View Profile
September 14, 2017, 07:20:50 AM
 #464

How will amount of physical gold will be controlled?
florianuhlemann
Full Member
***
Offline Offline

Activity: 378
Merit: 100



View Profile
September 14, 2017, 07:26:26 AM
 #465

too complicated for most of people.. I think
makemebeat
Full Member
***
Offline Offline

Activity: 308
Merit: 100


View Profile
September 14, 2017, 07:32:53 AM
 #466

Does any person can trade GOLD for fiat?
Abitcoinfuture
Sr. Member
****
Offline Offline

Activity: 386
Merit: 250


View Profile
September 14, 2017, 07:39:07 AM
 #467

How physical gold will be stored?
destruct
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
September 14, 2017, 07:46:05 AM
 #468

Greetings!

How will amount of physical gold will be controlled?

All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to  the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective ​TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.

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?

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

hometester
Sr. Member
****
Offline Offline

Activity: 424
Merit: 250



View Profile
September 14, 2017, 07:52:09 AM
 #469

the step seem a little complexed//// but worth to get!
qberty
Sr. Member
****
Offline Offline

Activity: 405
Merit: 250



View Profile
September 14, 2017, 07:58:05 AM
 #470

What about GOLD exchange rate?
TomKoinify
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
September 14, 2017, 08:04:26 AM
 #471

What is ETF?
Kracko
Sr. Member
****
Offline Offline

Activity: 456
Merit: 250



View Profile
September 14, 2017, 08:10:26 AM
 #472

How GOLD is connected with real gold?
destruct
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
September 14, 2017, 08:16:29 AM
 #473

Greetings!

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%

What is ETF?

ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)).

Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. 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 ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD.

How GOLD is connected with real gold?

GOLD  is  a  crypto  asset  issued  by  GoldMint  that  uses  the  current  price  of  gold  set  on  the LBMA exchange   at the time of sale. 

                        ●   Equal to one ounce (31,1035 grams) of gold (999 quality) 
                        ●   Shards into 100,000 parts. 
                        ●   Commissions are given in GOLD.

Information  is  transmitted  to  the  blockchain  ledger  about the number  of  ounces  of physical 

gold or ETFs owned by GoldMint. ETF is bought on  he  stock exchange NYSE, Arca​ and subsequent  information  is publicized on GoldMint’s decentralized blockchain, making  it   transparent  and open to all members. Statements are received from the depositary (electronic or printed). 

All physical gold owned by GoldMint exists in the following forms: 

               a.   Manufacturer-certified bullions   
               b.    Gold coins 
               c.   Gold jewelry 
               d.   999 quality granules, stamped by manufacturer

With regards,
team GOLDMINT

mika1977
Full Member
***
Offline Offline

Activity: 364
Merit: 100



View Profile
September 14, 2017, 08:31:34 AM
 #474

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
Kracko
Sr. Member
****
Offline Offline

Activity: 456
Merit: 250



View Profile
September 14, 2017, 08:40:05 AM
 #475

What are some of the gold applications?
kenel
Sr. Member
****
Offline Offline

Activity: 579
Merit: 250



View Profile
September 14, 2017, 08:50:19 AM
 #476

What are graphene’s advantages compared to ethereum and other blockchains?
Itcher
Full Member
***
Offline Offline

Activity: 364
Merit: 100



View Profile
September 14, 2017, 09:01:21 AM
 #477

How can mnt tokens be purchased?
destruct
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250



View Profile
September 14, 2017, 09:08:24 AM
 #478

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.


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.


How can mnt tokens be purchased?


MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.



With regards,
team GOLDMINT

wpalczynski
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000



View Profile
September 14, 2017, 09:18:27 AM
 #479

Can't wait for this ICO to start ! Big project I believe it can really work out ! I'm gonna get into the bounty campaign asap Smiley

Abitcoinfuture
Sr. Member
****
Offline Offline

Activity: 386
Merit: 250


View Profile
September 14, 2017, 09:20:18 AM
 #480

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 [24] 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 ... 251 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!