⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️

[strideynet]

What is the limit of the loan?

[hometester]

sorry, to complicated and fishy for me

[destruct]

Greetings!

Where does goldmint store its physical Gold and which etfs back gold cryptoassets?

GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.

If the Gold is damaged or stolen, who will take responsibility for?

The gold we use to back GOLD digital assets is all insured.

What is the limit of the loan?

The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.


With regards,
team GOLDMINT

[Kracko]

Finally, thank you. Now I'll check announcement threads more

[kenel]

What is custody bot?

[chaolang]

What are the commissions for transactions in gold?

[404Revolution]

Are the Pre-ICO and upcoming normal ICO prices different?

Can you elaborate on the expected exchange rate of the MNTP token with the final MNT token? Is there a date where MNTP tokens will become in-exchangeable?

[Abitcoinfuture]

What are MNT tokens?

[destruct]

Greetings!

What is custody bot?

Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold.

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 ).

What are MNT tokens?

MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.


With regards,
team GOLDMINT

[goodluck0319]

How do i get the money loaned?

[getwork]

What is trust management?

[atariguy]

How do they work?

[makemebeat]

Don't forget to get listed on all exchanges

[destruct]

Greetings!

How do i get the money loaned?

GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.

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).

How do they work?

MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.


With regards,
team GOLDMINT

[TomKoinify]

What are graphene’s advantages compared to ethereum and other blockchains?

[Kracko]

Yes, this is a good idea

[Itcher]

How is the gold asset backed by gold?

[destruct]

Greetings!

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 is the gold asset backed by gold?

All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.


With regards,
team GOLDMINT

[hometester]

A chance to be;  Strange alt of the week

[kenel]

stay tuned
waiting bounty fb and twitter has started