Greetings!What do you want to gain with your project?
Today there are more than 60,000 tonnes of gold from the earth extracted, half of which finds its way into the pockets and accounts of “ordinary” people. Our idea is no short of revolutionary: we plan to convert this gold into blockchain-encrypted tokens to help owners protect their valuables, to help investors move their gold can more rapidly and easily from one part of the world to another, and to help companies and individuals hedge their gold against market volatility.
We plan to move in three stages:
To gain access to 1% of global gold circulation (over 300 tonnes) by launching Custody Bot automated storage facilities in pawnshops around the world.
To gain access to another 5% of gold circulation by introducing Custody Bot to shopping centers.
To gradually gain access to a final 10% of gold reserves, worth more than $100 billion, and to develop a special version of Custody Bot for popular installation.
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.
What happens in case the loan is not repaid?
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
With regards,
team GOLDMINT
