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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 74508 times)
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September 15, 2017, 01:53:16 PM
 #681

Why don't you use ETH blockchain?
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September 15, 2017, 01:59:29 PM
 #682

What about GOLD/MNT mining?
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September 15, 2017, 02:05:29 PM
 #683

stay tuned
waiting bounty fb and twitter has started
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September 15, 2017, 02:11:06 PM
 #684

Describe PoS and why you chose it? Thank you

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September 15, 2017, 02:17:09 PM
 #685

Greetings!

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.

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

With regards,
team GOLDMINT

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September 15, 2017, 02:21:46 PM
 #686

HOW ARE THE REWARDS FOR MINING DETERMINED?

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September 15, 2017, 02:27:05 PM
 #687

WHAT HAPPENS IF THE MINER DOESN’T HAVE ENOUGH COMPUTING POWER TO VERIFY A TRANSACTION?

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September 15, 2017, 02:33:08 PM
 #688

A chance to be;  Strange alt of the week

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September 15, 2017, 02:38:40 PM
 #689

WHY IS GOLDMINT PLATFORM BUILT ON GRAPHENE?
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September 15, 2017, 02:44:08 PM
 #690

Greetings!

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.

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.

With regards,
team GOLDMINT

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September 15, 2017, 02:51:23 PM
 #691

Interesting, i will be watching this project
Best of luck

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September 15, 2017, 02:57:20 PM
 #692

Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?

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September 15, 2017, 03:04:33 PM
 #693

What are MNTP tokens?
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September 15, 2017, 03:07:48 PM
 #694

_______________________________________________________________

Vladislav Martynov, the advisor at GoldMint, presents the concept of GoldMint stable cryptoassets GOLD at Blockchain&Bitcoin conference in Stockholm, September 7.

YOUTUBE LINK

_______________________________________________________________





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September 15, 2017, 03:10:43 PM
 #695

What are MNTP tokens?

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September 15, 2017, 03:16:19 PM
 #696

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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September 15, 2017, 03:17:59 PM
 #697

_______________________________________________________________

Greetings to everyone following our project!
We are completely ready for ICO and posted the code for our smart contract on GitHub.
Check it out here.


_______________________________________________________________


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September 15, 2017, 03:22:15 PM
 #698

Russian?
Then good luck russsian team!
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September 15, 2017, 03:28:07 PM
 #699

Greetings!



Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?


Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.


What are MNTP tokens?


The miner can buy more from from other miners on the network.


What are MNTP tokens?


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%.


With regards,
team GOLDMINT


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September 15, 2017, 03:31:03 PM
 #700

What can i do with GOLD assets?
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