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Itcher
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September 10, 2017, 08:43:35 AM |
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Why is goldmint platform built on graphene?
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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strideynet
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September 10, 2017, 08:51:58 AM |
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Where does goldmint store its physical Gold and which etfs back gold cryptoassets?
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destruct (OP)
Sr. Member
 Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 10, 2017, 09:06:36 AM |
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Greetings!How does custody bot evaluate the assets?
Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis. 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. Where does goldmint store its physical Gold and which etfs back gold cryptoassets?
GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency. With regards,
team GOLDMINT
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goodluck0319
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September 10, 2017, 09:15:55 AM |
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If the Gold is damaged or stolen, who will take responsibility for?
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mika1977
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September 10, 2017, 09:24:44 AM |
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What is the limit of the loan?
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getwork
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September 10, 2017, 09:34:20 AM |
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What is custody bot?
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strideynet
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September 10, 2017, 09:44:43 AM |
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too complicated for most of people.. I think
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 10, 2017, 09:56:32 AM |
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Greetings!
If the Gold is damaged or stolen, who will take responsibility for?
The gold we use to back GOLD digital assets is all insured. 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. What is custody bot?
Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold. With regards,
team GOLDMINT
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atariguy
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September 10, 2017, 10:06:04 AM |
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What are the commissions for transactions in gold?
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hometester
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September 10, 2017, 10:27:21 AM |
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Finally, thank you. Now I'll check announcement threads more  |
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Itcher
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September 10, 2017, 10:36:58 AM |
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Which other elements does the goldmint infrastructure include?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 10, 2017, 10:49:25 AM |
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Greetings!
What are the commissions for transactions in gold?
Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ). What are MNT tokens?
MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions. Which other elements does the goldmint infrastructure include?
Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade. With regards,
team GOLDMINT
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goodluck0319
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September 10, 2017, 10:58:20 AM |
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How is it burned?
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kenel
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September 10, 2017, 11:07:21 AM |
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the step seem a little complexed//// but worth to get!
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mika1977
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September 10, 2017, 11:17:14 AM |
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How can MNT tokens be purchased?
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florianuhlemann
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September 10, 2017, 11:32:25 AM |
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Which details of Gold valuables examination are sent to the blockchain?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 10, 2017, 11:42:36 AM |
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Greetings!How is it burned?
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot. 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. Which details of Gold valuables examination are sent to the blockchain?
The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres. With regards,
team GOLDMINT
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hometester
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September 10, 2017, 12:52:05 PM |
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What can i do with GOLD assets?
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kenel
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September 10, 2017, 01:02:58 PM |
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What happens when physical GOLD is withdrawn from custody bot?
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