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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 94853 times)
BazkieBumpercar
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September 17, 2017, 04:05:20 PM
 #861

Which is the maximum amount of Gold emitted?
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ahitman
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September 17, 2017, 04:12:13 PM
 #862

How can it be both backed by real gold and run on blockchain?
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September 17, 2017, 04:20:18 PM
 #863

What difference between Goldmint and other gold-based cryptocurrency?
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September 17, 2017, 04:30:48 PM
 #864

Don't forget to get listed on all exchanges
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September 17, 2017, 04:39:58 PM
 #865

Greetings!


Which is the maximum amount of Gold emitted?


The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.


How can it be both backed by real gold and run on blockchain?


A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.


What difference between Goldmint and other gold-based cryptocurrency?



"Differences   between   Goldmint   and   other  gold   cryptocurrency   blockchains  include  the  following:   

         Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions.   
         Goldmint  uses Proof-of-Stake where miners  are  doled blocks/ transactions  according   to the  amount  of MNT they have. Proof  of  stake  (PoS)  is  faster,  simpler and                 cheaper  than proof of work (PoW). 
         Physical gold and ETFs are stored in a programmed decentralized storage unit.
         Custody Bot    -   Goldmint’s   innovative  storage unit  is programmed to automatically  identify  and  store  gold  jewelry,  small  ingots  (up  to  100  grams)  and  coins without human intervention. "


With regards,
team GOLDMINT

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September 17, 2017, 04:51:17 PM
 #866

I see goldmint going
 Over 1 billion
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September 17, 2017, 04:57:09 PM
 #867

What is the key idea of the project?
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September 17, 2017, 05:06:29 PM
 #868

How is gold emitted?
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September 17, 2017, 05:16:13 PM
 #869

How do i get the money loaned?
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September 17, 2017, 05:21:18 PM
 #870

Greetings!



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 is gold emitted?


The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.



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.


With regards,
team GOLDMINT

ahitman
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September 17, 2017, 05:33:27 PM
 #871

Which other elements does the goldmint infrastructure include?
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September 17, 2017, 05:40:46 PM
 #872

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
BazkieBumpercar
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September 17, 2017, 05:48:04 PM
 #873

What happens when physical gold is withdrawn from custody bot?
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September 17, 2017, 05:55:56 PM
 #874

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
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September 17, 2017, 06:04:29 PM
 #875

Greetings!


Which other elements does the goldmint infrastructure include?


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


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 happens when physical gold is withdrawn from custody bot?


When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.


With regards,
team GOLDMINT



thisisnotmyltcusername
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September 17, 2017, 08:08:42 PM
 #876

What is trust management?
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September 17, 2017, 08:14:59 PM
 #877

Why is goldmint platform built on graphene?
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September 17, 2017, 08:22:38 PM
 #878

I think i better get into this one also looks like majority here are in favour of this project.
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September 17, 2017, 08:28:52 PM
 #879

What other projects run on graphene?
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September 17, 2017, 08:40:49 PM
 #880

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).


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.


What other projects run on graphene?


Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform


With regards,
team GOLDMINT

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