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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 78532 times)
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September 18, 2017, 11:35:27 AM
 #961

You gotta be kidding, right? What's next?
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September 18, 2017, 11:41:11 AM
 #962

which operations does goldmint run with gold which ensure the investor with some income?
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September 18, 2017, 11:47:08 AM
 #963

how is my income calculated? (provide an example here as well)
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September 18, 2017, 11:53:16 AM
 #964

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

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September 18, 2017, 11:56:17 AM
 #965

What makes goldmint different from projects like Brickblock and Minobia?

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September 18, 2017, 11:59:20 AM
 #966

Finally, thank you. Now I'll check announcement threads more
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September 18, 2017, 12:05:06 PM
 #967

what are some of the gold applications?
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September 18, 2017, 12:11:21 PM
 #968

which other elements does the goldmint infrastructure include?
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September 18, 2017, 12:17:20 PM
 #969

what is the use of api implementation?
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September 18, 2017, 12:23:13 PM
 #970

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 18, 2017, 12:29:18 PM
 #971

Where is your bounty?
ahitman
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September 18, 2017, 12:36:01 PM
 #972

as a trader only i dont give a shit.
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September 18, 2017, 12:44:56 PM
 #973

What commission you hold?
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September 18, 2017, 12:50:33 PM
 #974

What difference between Goldmint and other gold-based cryptocurrency?
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September 18, 2017, 12:55:01 PM
 #975


_______________________________________________________________

The aspects of tokenized gold solutions
_______________________________________________________________



_______________________________________________________________

How GoldMint backs its assets?
_______________________________________________________________

The concept of 100% backed digital assets is not up to the minute with the emergence and rapid growth of new technologies. The volatility of the very first crypto coins in the market manifest the necessity to hedge the risks with a stable currency. Be it gold, dollars, mac laptops or pieces of arts, no matter what commodity or asset they are backed with, their value should stay in sync with the commodity’s price in the real market and that stays a prime challenge to achieve. The concept is not complicated but the latest efforts to bring the idea to life have not been widely adopted yet.

Cryptocurrencies have captured the imagination of many and thus, the idea of assets (other than money) backed digital currency is gaining more acceptance. While Gold continues to storm the global investment market, bringing it closer to cryptocurrencies will assure a trustworthy physical backing.
Digix, one of the most well-known stable currency projects, has recently posted an overview of the existing and upcoming solutions in the industry of tokenized gold.

Having a complicated audit system, Digix ensures the transparency and the backing of their DGX tokens but the gold token has not been released yet and the capitalization of the company grows mostly due to the speculative price growth of DAO token. The emergence of DAO platform and a tokenized gold asset is a tremendous initiative as it ensures development of all the companies prevalent in the market. So, the new attempts to create digital gold asset were done but none of these have succeeded yet and encouraged the cryptogold which can be exchanged easily in the market.

GoldMint project is led by a team of Russian developers who have extensive experience in managing physical gold. LOT-ZOLOTO, a company founded by GoldMint’s CEO Dmitry Pluschevsky, has exceeded the trading volume of $10 million in March, 2017. The perfect understanding of the market provided the GoldMint’s team with an opportunity to develop a platform which is more than just digital gold asset blockchain. GOLD, digitized gold, and Custody Bot, a vending gold storage machine, are the two independent products of GoldMint that heralds a mark in the evolution of ‘smart contracts’.

_______________________________________________________________

GOLD backing: storage and audit
_______________________________________________________________

GOLD is backed by physical gold of 999 quality or ETF bought on the stock exchange NYSE Arca. ETFs are used as a backing instrument as they are a more portable and convenient instrument for storing gold value compared to physical gold. Still, the Company proposes to partly back the value of its GOLD by physical gold:
All physical gold owned by GoldMint exists in the following forms:

1. Manufacturer-certified bullions
2. Gold coins
3. Gold jewelry
4. 999 quality granules, stamped by manufacturer

As stated in the White Paper, “Physical gold is locked-up in storage and rated according to its value:

1. Moody’s — A2 and above.
2. Standard & Poor’s — A and above.
3. Fitch — A and above”.

All the transactions on deposing and withdrawing gold are confirmed by bank statements which are encoded by uploading relevant forms in GoldMint blockchain. These documents allow the system to check that GoldMint company owns the particular amount of gold.

The gold storage is regularly audited by an auditor from GoldMint and by any one of the TOP 100 audit company monthly.

For more information of Gold backing and storage, read GoldMint’s White Paper section 4.1.1. Gold Emission.

_______________________________________________________________

GOLD purchase and redemption
_______________________________________________________________





As you can see in the infographics above, the process of GoldMint purchase and redemption is quite simple and infuses KYC procedure. As soon as GOLD is sold, the digital assets are burnt to persistently maintain the ratio of 1:1 between physical gold/ETF and GOLD asset . The commission for FIAT — GOLD — FIAT transactions is 2% of gold market price for the whole circle.

Staying intact to transparency and accuracy, GoldMint unlatches the potential of world’s most valued asset through an effective trading platform. As the interest of the investor grows towards tokenized Gold, GoldMint’s Blockchain lets you utilize the commodity in different ways and up scales its exchangeability.

Stay connected for more on GOLD!


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September 18, 2017, 12:56:25 PM
 #976

Greetings!

Where is your bounty?

Here you can find all details about our BTT campaign: https://bitcointalk.org/index.php?topic=2091804

What commission you hold?

GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD
(i.e., more than 0,0025 GOLD depending on the current gold price).
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 18, 2017, 01:02:39 PM
 #977

There was something written about API? What is about?
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September 18, 2017, 01:08:08 PM
 #978

What is a key features of GOLD cryptoasset?
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September 18, 2017, 01:13:18 PM
 #979

I see in the community there is a coin called "gold coin", this root GOLDMINT What is the difference? Is a team Mody, too much coins too much, simply can not distinguish

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September 18, 2017, 01:14:41 PM
 #980

This looks very worth watching.
Seriously.
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