⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️

[mika1977]

GOLD TOKEN WON’T BE LISTED ON ANY EXCHANGE, CORRECT? AND LET’S SAY IF I WANT TO BUY IT, GIVEN THAT IT REQUIRES THE ‘KYC’, HOW AND WHERE WILL YOU SELL YOUR TOKEN?

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[getwork]

Is that your model have so-called dividends? Can I have passive income of holding? Explain

[destruct]

Greetings!

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)."

GOLD TOKEN WON’T BE LISTED ON ANY EXCHANGE, CORRECT? AND LET’S SAY IF I WANT TO BUY IT, GIVEN THAT IT REQUIRES THE ‘KYC’, HOW AND WHERE WILL YOU SELL YOUR TOKEN?

Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.

Is that your model have so-called dividends? Can I have passive income of holding? Explain

"The more MNT  a validator holds, the more blocks he  can validate and add to the chain.  As  a  result  miner  gets  75%  in  GOLD  equivalent  from  the  commissions  for  the transactions validated.                                                                                                     

In  case  at  the  moment  of  block  validation  the  miner  doesn’t  have  enough  computational  power  to  validate  the  block  or  in  case  he  cannot  do  this  for  some  other  reasons  he  can be deleted  from the White List  of reliable miners  and will  lose the right to  accomplish  a block. 

In  this  case  the  right  to  validate  blocks  goes  over  to  another  user  who has been  chosen by GoldMint algorythm. 

To  become  a  validator  all  you  need  is  to  download  GoldMint  Wallet  app  from the  official website and launch it using your GoldMint account. 

In case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent computational power from other miners. "


With regards,
team GOLDMINT

[destruct]

hi dev, you said you already reached 600k USD during the pre ico. i just want to know if how much did you need to raised for the ico itself? regarding the minimum goal funding and the max cap? i cant see details about that.

Greetings!

Our cap for ICO is $45M. Minimum is $1M.

With regards,
team GOLDMINT

[piepu75]

"This looks very worth watching.
Seriously."

Yes it does... I still watching

[chaolang]

What commission you hold?

[makemebeat]

What difference between Goldmint and other gold-based cryptocurrency?

[Abitcoinfuture]

You gotta be kidding, right? What's next?

[CryptoPromotions]

There was something written about API? What is about?

[destruct]

Greetings!

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. "

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. "

With regards,
team GOLDMINT

[qberty]

What is a key features of GOLD cryptoasset?

[TomKoinify]

Why tokens are Gold-backed? Why not using any other precious metals or other asset?

[Kracko]

Finally, thank you. Now I'll check announcement threads more

[destruct]

Greetings!

What is a key features of GOLD cryptoasset?

The characteristics of the GOLD cryptoasset include the following:

        100% transparency  of  information  about  all  Gold  owned by GoldMint, disclosing the company’s  gold  reserves  and  its  ability  to  buy  back  GOLD  at  its  current  trading price. 
        GoldMint  uses the  decentralized blockchain  for  smart  contracts  and  for harboring  its  cryptoassets 
        GoldMint  uses  ETF  for  liquidity  and  elasticity.  ETF helps you trade  gold  far  faster than physical gold does
        A  secured  loan may  contain gold, like jewelry or coins. GoldMint helps you store this collateral in its unique Custody Bot.
        The ability to receive passive income as market price of GOLD rises. 
        Robotic storage unit Custody Bot                                                                                                                 
        Buyback of GOLD for fiat according to the current price of GOLD. 
        A fast user registration system and identification.

Why tokens are Gold-backed? Why not using any other precious metals or other asset?

Gold- because it is a clear metal for general public. Plus, we have a company that buys 450 kg of gold per month from pawnshops all over Russia. These are unclaimed deposits. Therefore, we have our own source of gold - we don't depend on banks.
 
Today, more than 1% of all gold is kept in pawnshops. In 53% of the cases, gold is bought as a mean of investment. Many people buy coins or small bars of gold. For them Custody Bot is an excellent solution. Coins are the easiest to examine. Initially, we set a task for our engineers to examine the quality of jewellery. They have succeeded and this is way more difficult than examining coins.

With regards,
team GOLDMINT

[chaolang]

How physical gold will be stored?

[makemebeat]

HOW CAN ICOS FIND GOLD PROFITABLE?

[Abitcoinfuture]

No Twitter or Facebook to help promote?

[destruct]

Greetings!

How physical gold will be stored?

Physical gold is locked-up in storage and rated according to its value: 
                 Moody’s ​-  A2 and above.
                 Standard and Poor's​ - A and above. 
                 Fitch​ - A and above.

HOW CAN ICOS FIND GOLD PROFITABLE?

For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

How do they work?

MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.


With regards,
team GOLDMINT

[qberty]

Tell us more about hedging risks?

[TomKoinify]

Yes, this is a good idea