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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 97817 times)
TomKoinify
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September 16, 2017, 09:47:30 AM
 #781

What is the key idea of the project?
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September 16, 2017, 09:55:33 AM
 #782

How does custody bot evaluate the assets?
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September 16, 2017, 10:01:57 AM
 #783

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 is the key idea of the project?


GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.


How does custody bot evaluate the assets?


Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis.


With regards,
team GOLDMINT


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September 16, 2017, 01:38:14 PM
 #784

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?


Kind of Salty I'm not being answered, these questions seem to hit at the heart of the profitability and trustworthiness of this project.

Greetings!

Sorry for my late reply!

Exchange rate of MNTP to MNT is 1:1. Tokens will be excangeable all the time as we understand the amount of our investors and the infinite amount of reasons they couldn't exchange them on time.

With regards,
team GOLDMINT

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September 17, 2017, 04:32:38 AM
 #785

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?


Kind of Salty I'm not being answered, these questions seem to hit at the heart of the profitability and trustworthiness of this project.

Greetings!

Sorry for my late reply!

Exchange rate of MNTP to MNT is 1:1. Tokens will be excangeable all the time as we understand the amount of our investors and the infinite amount of reasons they couldn't exchange them on time.

With regards,
team GOLDMINT
it looks like you are very busy sir, but we can understand that..
you keep reply every question here, that's the most important thing in this forum

3 Days to token crowdsale ON SEPTEMBER 20 AT 9:00 UTC
this is information from website https://goldmint.io/ico
Quote
CURRENT RATE
1 ETH = 42.86 MNTP
1 BTC = 639.93 MNTP
1 MNTP = $7.00

Target in crowdsale: $40 million with Total token supply: 7 000 000 MNTP
that's high target but i'm sure it will reach soon after ICO launch, we will keep support it

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September 17, 2017, 05:01:06 AM
 #786

what is goldmint?
TomKoinify
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September 17, 2017, 05:07:34 AM
 #787

what is the key idea of the project?
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September 17, 2017, 05:13:56 AM
 #788

Interesting... Watching!
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September 17, 2017, 05:20:43 AM
 #789

how are the commissions distributed?
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September 17, 2017, 05:27:40 AM
 #790

Greetings!

what is goldmint?

GoldMint is a blockchain-based company that helps gold owners trade, loan, invest in and use their GOLD assets, that are 100% backed by physical gold, for profit.

what is the key idea of the project?

GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.

how are the commissions distributed?

75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.

With regards,
team GOLDMINT

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September 17, 2017, 05:31:33 AM
 #791

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?


Kind of Salty I'm not being answered, these questions seem to hit at the heart of the profitability and trustworthiness of this project.

Greetings!

Sorry for my late reply!

Exchange rate of MNTP to MNT is 1:1. Tokens will be excangeable all the time as we understand the amount of our investors and the infinite amount of reasons they couldn't exchange them on time.

With regards,
team GOLDMINT
it looks like you are very busy sir, but we can understand that..
you keep reply every question here, that's the most important thing in this forum

3 Days to token crowdsale ON SEPTEMBER 20 AT 9:00 UTC
this is information from website https://goldmint.io/ico
Quote
CURRENT RATE
1 ETH = 42.86 MNTP
1 BTC = 639.93 MNTP
1 MNTP = $7.00

Target in crowdsale: $40 million with Total token supply: 7 000 000 MNTP
that's high target but i'm sure it will reach soon after ICO launch, we will keep support it

Wao!  1 MNTP=$7?  Quite on the high side i would say but since we are dealing with Gold, then i suppose the price is justified.
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September 17, 2017, 05:35:15 AM
 #792

what is trust management?
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September 17, 2017, 05:38:53 AM
 #793

Where are your plans to have goldmint coin be listed after the ico?
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September 17, 2017, 05:42:50 AM
 #794

Looking good. Got my eye in this. What will happen to the classic chain.
kenel
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September 17, 2017, 05:48:48 AM
 #795

which operations does goldmint run with gold which ensure the investor with some income?
Abitcoinfuture
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September 17, 2017, 05:54:24 AM
 #796

how is my income calculated? (provide an example here as well)
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September 17, 2017, 06:01:13 AM
 #797

Greetings!

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).

which operations does goldmint run with gold which ensure the investor with some income?

GoldMint provides investors with the following opportunities: 1. P2P lending - GoldMint gives investors significant interest when they lend GoldMint their gold (in the form of GOLD). 2. Opportunities related to physical gold - GoldMInt helps gold investors invest in goldfield development and in trading gold metals.

how is my income calculated? (provide an example here as well)

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

strideynet
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September 17, 2017, 06:07:10 AM
 #798

what are some of the gold applications?
TomKoinify
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September 17, 2017, 06:13:53 AM
 #799

which other elements does the goldmint infrastructure include?
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September 17, 2017, 06:20:00 AM
 #800

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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