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

[ashuramaya]

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Currently our team is in meetings with partners in Asia: banks, gold traders, investors!
Photo taken in Hong Kong.[/size]
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4 days to ICO starts, with above information and from twitter information https://twitter.com/Goldmint_io/status/908673319947440128 i think goldmint already make good progress there
actually i'm curious about Custody Bot and ​Graphene​ platform, this is interesting because that 2 things is new for me and it make with gold backed idea

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.

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[atariguy]

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

[makemebeat]

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and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn).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

[strideynet]

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

[Kracko]

Which rights does mnt provide its holders with?

[kenel]

There was something written about API? What is about?

[chaolang]

How is it burned?

[destruct]

Greetings!

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.

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.

How is it burned?

GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.


With regards,
team GOLDMINT

[Abitcoinfuture]

Very interesting project, could become one of the biggest ICOs of 2017 in my humble opinion. All the best, looking forward to participating in the crowdfunding

[florianuhlemann]

I will be following the project.

[destruct]

Greetings!

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?

Our pre-ICO was our pre-financing to do the future promoting. We didn't even have a website. These 600K doesn't count to our upcoming ICO.

Is it backed by real gold??

Each GOLD token is backed by an ounce of physical gold with a guaranteed anytime buyback by GOLDMINT itself.

I don't understand the purpose....

This coin is just another thing like USDT or bloclchain version things.

But how could you link your coin with the gold. It means that I can give you coin, and you must give me gold as exchange

We are not like USDT. First of all price of USDT is based on trust only. GOLD tokens price is based on a guaranteed buyback which none of projects today can provide.
Also 90% cryptos think we are just an another token backed by gold. No. None of others gold-backed projects are founded by businessmen who have a real physical gold business with a tangible turnover. Our founders have a living gold processing company "LOT ZOLOTO" having 400kg physical gold turnover monthly and $50M turnover for the past 6 months. They buy unwanted gold jewellery from pawnshops, process and then sell it wholesale to other jewellers. They want to bring their business to another level designing custody bots. Those bots will give a groundbreaking opportunity for refinancing people' physical gold for 28-35% annually only instead of 100-150% you could get in pawnshops. That's the difference.

With regards,
team GOLDMINT

[destruct]

Greetings!

I know there are a few coins that are backed by gold. I've been following Xaurum for example.
Can you explain what are the diferences between GoldMint and Xaurum if you know maybe?

What I see from their first website page. Their concept doesn't bring anything new. You can buy their gold-backed tokens. What for? Each token costs as 1g of 999 gold. How can they prove it? They have ETH based blockchain which is slow. Energy wasting Proof-of-work. Do they design custody bots to be the first in the world to refinance physical gold kept on hands? What is their benefit to the market? Their concept isn't full for my opinion : )

I know there are a few coins that are backed by gold. I've been following Xaurum for example.
Can you explain what are the diferences between GoldMint and Xaurum if you know maybe?

As far as I have researched, it has 2 main differences.
1st GoldMint holds phisical gold and/or ETF as backing in contrast to Xaurum which holds only Phisical gold.
2nd GoldMint has fix backing, so it's like holding phisical gold or ETF, Xaurum has growing gold base. This means that in the first moment ammount of backing is on GoldMint side since it is 100% backed by gold and Xaurum is not, but eventualy you will have more backing in Xaurum since it has growing gold base.
Both coins have some additional features which makes them unique.
They are both good on the field where they are playing although GoldMint still have time to prove it since it is on the begining of the road. I believe it will.
As far as I understand GoldMint is more on the field of hedging and security, but Xaurum with growing gold base brings more potential growth.

Please devs correct me if I'm wrong.

These are the benefits of GOLD tokens:

1. STABLE PRICE.
- for cryptotraders it can help hedging risks after a busy day trading.
- for ICOs to hedge your risks when buying new tokens. As you know each ICO has their ETH exchange rate on the first day and rate is kept till the last day frozen. ALL ICOs usually continue for 1 month. And during this month ETH and BTC can suffer really big fluctuations of price.

2. CHEAP ENTRY.
The process to buy any of the cryptocurrencies today having fiat is accompanied with high transactions fees such as 5-8% or even more! Agree?
Same with selling your BTC or ETH for fiat. Is anybody happy with the 10-16% spread of FIAT-GOLD-FIAT circle?
We can provide same with less than 5%! HOW? We are going to deliver this service to banks. We already have banks agreed as they have plenty of GOLD and want to issue GOLD tokens backed by their physical GOLD.
Isn't it nice?

3. FIAT LOANING.
We are going to deliver p2p fiat loaning to our GOLD token buyers. How? As a collateral you can deposit your GOLD tokens to GOLDMINT and get a loan on a credit card issued by our bank partners. Why we decided so? There 60000 tones of GOLD excavated today. 30000 of them are on people hands, necks or kept in drawers. Nobody today can refinance physical gold better then pawnshops. Tired of 100-150% pawnshops interest anually?

4. CUSTODY BOT.
Here come our future tech - own designed robotic custody bots which can evaluate physical gold, issue GOLD tokens to those who will deposit their physical gold jewellery. Realtime. Hassle free. How is that?

5. CLASSIC INVESTMENT INSTRUMENT.
GOLD token holders can also deposit theit GOLD tokens to GOLDMINT trust management and get 6-10% anually.

With regards
team GOLDMINT!

[mika1977]

Tell us more about hedging risks?

[kenel]

Yes, this is a good idea

[atariguy]

Is MNTP a security token?

[Itcher]

Where is your bounty?

[destruct]

Greetings!

Tell us more about hedging risks?

Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.

Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment  of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.

Here are some reasons why investors choose GoldMint:

You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.

Is MNTP a security token?

No, MNTP tokens are used for ICO only. As soon as GoldMint blockchain is launched, MNTP can be exchanged for MNT used as stake in our consensus algorithm. MNT holders do not receive any passive income. We have a report on MNT/MNTP status from an US lawyer company. This provides us with an opportunity to trade MNT/MNTP on the US market 12 months after ICO.

Where is your bounty?

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


With regards,
team GOLDMINT

[atariguy]

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

[florianuhlemann]

If the Gold is damaged or stolen, who will take responsibility for?