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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 78872 times)
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September 18, 2017, 09:17:11 AM
 #941

What happens in case the loan is not repaid?
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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September 18, 2017, 09:22:54 AM
 #942

How is my income calculated? (provide an example here as well)
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September 18, 2017, 09:28:51 AM
 #943

This looks very worth watching.
Seriously.
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September 18, 2017, 09:36:26 AM
 #944

Greetings!


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.  "


What happens in case the loan is not repaid?


If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.


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


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September 18, 2017, 09:42:52 AM
 #945

What happens if the miner doesn’t have enough computing power to verify a transaction?
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September 18, 2017, 09:48:44 AM
 #946

Does mnt act like a goldmint share?
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September 18, 2017, 09:55:22 AM
 #947

Interesting... Watching!
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September 18, 2017, 10:05:15 AM
 #948

Which data will be stored on graphene blockchain?
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September 18, 2017, 10:16:00 AM
 #949

Greetings!


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.


Does mnt act like a goldmint share?


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


Which data will be stored on graphene blockchain?


Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions.



With regards,
team GOLDMINT

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September 18, 2017, 10:26:23 AM
 #950

What is gold?
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September 18, 2017, 10:32:07 AM
 #951

Looking good. Got my eye in this. What will happen to the classic chain.
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September 18, 2017, 10:37:42 AM
 #952

How can MNT tokens be purchased?
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September 18, 2017, 10:44:16 AM
 #953

What can i do with gold assets?
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September 18, 2017, 10:53:16 AM
 #954

Greetings!



What is gold?


GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)


How can MNT tokens be purchased?


MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.


What can i do with gold assets?


"You can use GOLD assets for the following:
Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.
Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.
Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.
ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.
Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process."


With regards,
team GOLDMINT


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September 18, 2017, 11:00:54 AM
 #955

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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September 18, 2017, 11:02:45 AM
 #956

How Custody Bot will be linked to a blockchain?
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September 18, 2017, 11:09:42 AM
 #957

Why don't you use ETH blockchain?
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September 18, 2017, 11:16:28 AM
 #958

What is the use of API implementation?
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September 18, 2017, 11:21:28 AM
 #959

Greetings!


How Custody Bot will be linked to a blockchain?


The ​Airalab Core​ platform links Custody Bot to the blockchain.

We are consulting with them because they have a huge expirience about connecting various bots to blockchain


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 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 18, 2017, 11:29:27 AM
 #960

what is trust management?
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