Greetings!How will be distributed tokens during ICO event?
Release of MNT tokens are done by Ethereum-based smart contracts, specially used for distribution of tokens.
80% of 10 000 000 MNT are released during ICO launch.
GoldMint team receives two million MNT tokens, and no more than 500 000 per quarter distributed via a special wallet.
Some consultants receive MNT tokens two months after ICO launch.
Smart contracts can automatically trade ETH into MNT.
The number of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.
Why don't you use ETH blockchain?
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.
What about GOLD/MNT mining?
To start mining, you just needs to download a program from the GoldMint repository, launch it on your device, fine-tune it and start mining.
Consensus algorithm : We use PoS as our primary mining system. In case a user who holds many MNT doesn’t have enough computational power, he can rent
computational power from other miners.
Miner rotation
The amount of stakes depends on the amount of MNT a miner holds. So, if a miner owns 50% MNT, he will be chosen to process every second block.
Miner rewards
A miner receives a GOLD commission from each processed block. When the block is processed, no tokens are emitted.
With regards,
team GOLDMINT
