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

[no-ice-please]

Greetings!

If i have a physical Gold in my possession how can it be related to this project or this only applies to virtual Gold in blockchain.

After the launch of our custody bots in 2018 you would be able to deposit your physical gold and get a loan in GOLD tokens.

Greetings!

Hello Goldies.

Our expert crypto-lawyer and legal expert published a short legal review on your ICO. Learn more on GoldMint.

Thank you for the trust! we've already published it to our Telegram social channels.

How can you claim that your digital tokens are actually backed by gold? Are you going to conduct physical audits on that?

To ensure the gold-backing we are going to provide 100% guaranteed anytime buyback for the current LBMA gold price +3% by GOLDMINT itself.

With regards,
team GOLDMINT

So it's quite a trusted service with an enormous level of centralization?

All transactions would be performed on our custom-tailored Graphene-based blockchain with PoS consensus algorithm. Stakeholders will validate the blocks and receive earnings from the transaction fees in GOLD tokens.

With regards
team GOLDMINT

That doesn't necessarily answer my question, which was aiming at the tremendous risk of centralization? At which point (that I don't understand) are you eliminating a risk  naturally inherent to centralized services? Or, maybe you are not claiming that? Then I apologize and will stop asking the same question again. But that would mean you are centralized as hell and everyone would have to trust your brand at least as much as any established financial service provider out there.

[JENREM]

Greetings!

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

hello destruct, so glad you answered my question. can i ask if you did some pre sale?
 and if you have it may i know the total amount collected?

We did our presale private for 3 venture funds and 27 investors and we got $600K in less than 36 hours. Thank you for the interest.
You can take part in our upcoming ICO starting from 20th of September. Here are all the details: goldmint.io/ico


With regards,
team GOLDMINT

saying your minimum cap is 1m dollards and you already raised the 600k USD on pre sale, is that means that  once you raise the 400k usd, means you already reached the minimum goal funding?

[goodluck0319]

Which assets can be deposited to the custody bot?

[qberty]

Could you give us an example number of the cost storing gold? (e.g. In the USA or switzerland)

[florianuhlemann]

What are some of the GOLD applications?

[Abitcoinfuture]

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them

[destruct]

Greetings!

Which assets can be deposited to the custody bot?

Gold jewelry, small ingots (up to 100 grams) and coins.

Could you give us an example number of the cost storing gold? (e.g. In the USA or switzerland)

The average fee for storing physical gold is 0,25% from its estimated value a year.

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.


With regards,
team GOLDMINT

[Kracko]

I think i better get into this one also looks like majority here are in favour of this project.

[goodluck0319]

Which data will be stored on grapheme blockchain?

[Itcher]

What happens if the miner doesn’t have enough computing power to verify a transaction?

[Abitcoinfuture]

Which rights does MNT provide its holders with?

[destruct]

Greetings!

Which data will be stored on grapheme 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.

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.

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.


With regards,
team GOLDMINT

[mika1977]

How Can I Buy Gold?

[atariguy]

What Are The Commissions For Transactions In Gold?

[getwork]

Great! were and when it will be listed

[makemebeat]

What difference between MNT and GOLD?

[destruct]

Greetings!

How Can I Buy Gold?

People who want to trade GOLD for fiat or cryptocurrency need to undergo GoldMint's KYC procedure. You can also get GOLD when you transfer your physical gold to Custody Bot or to GoldMint’s partner banks.

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 difference between MNT and GOLD?

GOLD
Cryptoasset. Cost and buyback are 100% based  on LBMA It's application depends on the agreement described by GoldMint company. It's value depends on amount of gold in reserves/ circulation

MNT
GoldMint’s cryptocurrency is used to confirm GOLD cryptoasset transactions. Amount of MNT determines amount of GOLD transactions. Growth of MNT depends on turnover  of GOLD.


With regards,
team GOLDMINT

[strideynet]

How does custody bot evaluate the assets?

[CryptoPromotions]

Why is goldmint platform built on graphene?

[kenel]

Where does goldmint store its physical Gold and which etfs back gold cryptoassets?