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strideynet
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September 16, 2017, 04:13:01 AM |
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What is the limit of the loan?
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hometester
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September 16, 2017, 04:18:55 AM |
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sorry, to complicated and fishy for me
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destruct (OP)
Sr. Member
 Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 16, 2017, 04:26:23 AM |
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Greetings!
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. 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. With regards,
team GOLDMINT
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Kracko
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September 16, 2017, 04:30:12 AM |
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Finally, thank you. Now I'll check announcement threads more
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kenel
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September 16, 2017, 04:35:51 AM |
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What is custody bot?
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chaolang
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September 16, 2017, 04:41:17 AM |
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What are the commissions for transactions in gold?
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404Revolution
Full Member
Offline
Activity: 252
Merit: 107
Not Found
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September 16, 2017, 04:44:19 AM |
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Are the Pre-ICO and upcoming normal ICO prices different?
Can you elaborate on the expected exchange rate of the MNTP token with the final MNT token? Is there a date where MNTP tokens will become in-exchangeable?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 16, 2017, 04:59:43 AM |
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Greetings!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. 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. With regards,
team GOLDMINT
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goodluck0319
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September 16, 2017, 05:08:49 AM |
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How do i get the money loaned?
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getwork
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September 16, 2017, 05:14:17 AM |
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What is trust management?
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atariguy
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September 16, 2017, 05:17:52 AM |
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How do they work?
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makemebeat
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September 16, 2017, 05:20:51 AM |
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Don't forget to get listed on all exchanges
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 16, 2017, 05:25:04 AM |
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Greetings!How do i get the money loaned?
GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint. 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). 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
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TomKoinify
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September 16, 2017, 05:28:43 AM |
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What are graphene’s advantages compared to ethereum and other blockchains?
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Kracko
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September 16, 2017, 05:35:47 AM |
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Yes, this is a good idea
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Itcher
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September 16, 2017, 05:40:47 AM |
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How is the gold asset backed by gold?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 16, 2017, 05:51:22 AM |
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Greetings!
What are graphene’s advantages compared to ethereum and other blockchains?
Graphene is cheaper, there is no charge for ether commissions. Graphene, too, is optimized for GOLD transactions therefore its executes its blocks faster and more effectively and it’s safer in that it uses its own coins rather than turing-complete smart contracts. How is the gold asset backed by gold?
All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland. With regards,
team GOLDMINT
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hometester
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September 16, 2017, 05:55:21 AM |
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A chance to be; Strange alt of the week
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kenel
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September 16, 2017, 06:00:23 AM |
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stay tuned
waiting bounty fb and twitter has started
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