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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167177 times)
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September 17, 2017, 06:32:54 AM
 #801

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.

which other elements does the goldmint infrastructure include?

Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade.

what is the use of api implementation?

The Application Programming Interface (API) regulates the GOLD, distributing these tokens to the following entities: E-commerce that can use GOLD for transactions. Local banks and Monetary Financial Institutions (MFIs) that can use GOLD as collateral. The API also regulates the GOLD that is used as escrow for bank accounts and as financial guarantees.

With regards,
team GOLDMINT

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September 17, 2017, 06:41:40 AM
 #802

When was the pre-ICO? I haven't heard anything about it.
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September 17, 2017, 06:47:19 AM
 #803

this is better than only fools and horses,, hilarious!!!
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September 17, 2017, 06:53:34 AM
 #804

Can US/Singapore citizens participate in the ICO?
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September 17, 2017, 07:09:03 AM
 #805

How will be distributed tokens during ICO event?
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September 17, 2017, 07:14:43 AM
 #806

Greetings!

When was the pre-ICO? I haven't heard anything about it.

Our pre-ICO was private. We had only 300,000 tokens each presented to 27 person and 3 venture funds only.

You still can join our upcoming ICO.
You will be able to buy our tokens using your ETH or BTC.
Minimum investment can be 1 MNTP token and $7 equally.

We'll open a prior registration at goldmint.io in 2-3 days.
You'll be able to register and get access to addresses you'll use to send transfers.

Can US/Singapore citizens participate in the ICO?

Citizens,  residents  (tax  or  otherwise)  and  green  card holder  of the United  States  of America
or  Singapore,  or  other  U.S.  or  Singapore person  are  exempt  from buying MNT tokens.  The 
term  “U.S.  or   Singapore  Person”   refers  to  anyone  who  lives  in  the  United  States  or 
Singapore  or  to  any  entity  that  is  incorporated  under  United  States  or  Singapore  law. 
American   citizens   living   abroad   can   also  be  considered  “U.S.  Persons”  under  certain 
conditions.

How will be distributed tokens during ICO event?

Release  of  MNT  tokens  are  done  by  Ethereum-based  smart  contracts,  specially  used  for distribution of tokens.   
80% of 10 000 000 MNT are released during ICO launch. 
GoldMint  team  receives  two  million  MNT  tokens,  and  no  more  than  500  000  per  quarter distributed via a special wallet. 
Some consultants receive MNT tokens two months after ICO launch. 
Smart contracts can automatically trade ETH into MNT. 
The number  of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint. 

With regards,
team GOLDMINT

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September 17, 2017, 07:19:48 AM
 #807

Why don't you use ETH blockchain?
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September 17, 2017, 07:25:23 AM
 #808

What about GOLD/MNT mining?
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September 17, 2017, 07:31:27 AM
 #809

I am so happy this is not just a crypto currency and not just reliant on people buying and selling coins.

alot of thick people in the world
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September 17, 2017, 07:37:11 AM
 #810

Describe PoS and why you chose it? Thank you
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September 17, 2017, 07:47:36 AM
 #811

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 17, 2017, 07:53:07 AM
 #812

HOW ARE THE REWARDS FOR MINING DETERMINED?
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September 17, 2017, 07:59:11 AM
 #813

WHAT HAPPENS IF THE MINER DOESN’T HAVE ENOUGH COMPUTING POWER TO VERIFY A TRANSACTION?
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September 17, 2017, 08:05:09 AM
 #814

Need more information please
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September 17, 2017, 08:10:52 AM
 #815

WHY IS GOLDMINT PLATFORM BUILT ON GRAPHENE?
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September 17, 2017, 08:16:16 AM
 #816

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 17, 2017, 08:22:27 AM
 #817

what are graphene’s advantages compared to ethereum and other blockchains?
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September 17, 2017, 08:28:04 AM
 #818

what other projects run on graphene?
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September 17, 2017, 08:29:05 AM
 #819

How can an asset which is sold at $2-$7 then become pegged to the price of 1 oz of gold?

It doesn't make business sense how $2 can become $1300. Unless you like giving away free gold?  Huh

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September 17, 2017, 08:34:08 AM
 #820

which data will be stored on graphene blockchain?
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