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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 83000 times)
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September 17, 2017, 05:33:27 PM
 #881

Which other elements does the goldmint infrastructure include?
There are several different types of Bitcoin clients. Header-only clients like Bither trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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September 17, 2017, 05:40:46 PM
 #882

Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
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September 17, 2017, 05:48:04 PM
 #883

What happens when physical gold is withdrawn from custody bot?
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September 17, 2017, 05:55:56 PM
 #884

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
 #885

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What happens when physical gold is withdrawn from custody bot?


When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.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



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September 17, 2017, 08:08:42 PM
 #886

What is trust management?
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September 17, 2017, 08:14:59 PM
 #887

Why is goldmint platform built on graphene?
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September 17, 2017, 08:22:38 PM
 #888

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
 #889

What other projects run on graphene?
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September 17, 2017, 08:40:49 PM
 #890

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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September 17, 2017, 08:46:30 PM
 #891

very frustrating indeed, need this coin to be like jesus and rise from the dead
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September 17, 2017, 08:52:08 PM
 #892

Do gold commissions depend on the country/citizenship?
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September 17, 2017, 08:58:39 PM
 #893

What is the limit of the loan?
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September 17, 2017, 09:04:08 PM
 #894

Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?
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September 17, 2017, 09:09:29 PM
 #895

Greetings!



Do gold commissions depend on the country/citizenship?


No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.


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.


Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?


The internal MNT token does not give rights to participate in company management of GoldMint and is not a share.

MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold.

This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not.


With regards,
team GOLDMINT

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September 17, 2017, 09:15:35 PM
 #896

Which rights does mnt provide its holders with?
thisisnotmyltcusername
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September 17, 2017, 09:21:20 PM
 #897

There was something written about API? What is about?
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September 17, 2017, 09:27:22 PM
 #898

How is it burned?
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September 17, 2017, 09:33:55 PM
 #899

very interested ,but want to know more details.
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September 17, 2017, 09:41:33 PM
 #900

Greetings!


Which rights does mnt provide its holders with?


MNT tokens holders are allowed to vote on GoldMint’s platform in proportion to their number of tokens. This means that when changes are made to GoldMint’s platform, MNT token-holders vote on whether or not to accept these changes. They also have a right to validate blocks and get rewards in GOLD.


There was something written about API? What is about?


"GoldMint  plans  to  develop  an Application Programming  Interface  (API) to regulate  GOLD. 

This will achieve the following: 

     ●   E-commerce can use GOLD for transactions. 

     ●   Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral. 

     ●    GOLD can be used escrow for bank accounts and as financial guarantees. "


How is it burned?


GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.


With regards,
team GOLDMINT

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