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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 94893 times)
thisisnotmyltcusername
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September 22, 2017, 07:13:31 AM
 #1441

what are the commissions for transactions in gold?
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September 22, 2017, 07:19:41 AM
 #1442

Finally, thank you. Now I'll check announcement threads more
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September 22, 2017, 07:25:20 AM
 #1443

do gold commissions depend on the country/citizenship?
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September 22, 2017, 07:28:43 AM
 #1444

I have ever seen many projects like GOLDMINT,so what's the diffirence between GOLDMINT to the others,if you have already reached your soft cap?

Yes I just saw it today, because of too many ICO projects, until I do not know which one to follow.
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September 22, 2017, 07:30:41 AM
 #1445

Greetings!

which is the maximum amount of gold emitted?

The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.

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 ).

do gold commissions depend on the country/citizenship?

No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.

With regards,
team GOLDMINT

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September 22, 2017, 08:58:42 AM
 #1446

Greetings!

Found a really nice article about GOLDMINT in on a german crypto news page. Looks like an interesting project. Its there still a active signature campaign?

Here you can find bounty campaign details:
https://bitcointalk.org/index.php?topic=2091804.0

Did I understand this correctly that the price of the token is linked 1:1 to the price of gold or what should be the reason to back a currency with physical gold?

We are going to develop a graphene blockchain containing two tokens: GOLD and MNT(MNTP). MNTP token are 7$ each and now available for sale here. MNTP tokens are not gold-backed but they bring profits to the holder by verifying transaction blocks according to tokens stake held. GOLD tokens are backed by a gold ounce each with an equal price. These will get issued in 2018 only after our blockchain launch.

Why limit to Gold, and not include also Platinium or any other precious metal.
Personally I would love to Hedge my trade with Platinium rather than Gold.

Gold is the most distributed precious metal in the world. But it's just the beginning of the project and bigger variety can come soon.

With regards,
team GOLDMINT

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September 22, 2017, 09:15:51 AM
 #1447

Greetings!

Will this be ethereum based token or you guys will create a different wallet in order to store the GOLDMINT tokens?

Our ethereum blockchain usage is just a temporary solution. After the launch of our own Graphene based blockchain we will transfer all ERC20 kind MNTP tokens to MNT. Our custom-tailored blockchain will contain GOLD and MNT tokens only with its own wallet implemented.


I am trying to wrap my head around the concept you described:

- 'GOLD' is a digital asset emitted by GoldMint’s custom-built blockchain platform.
- 'MNT' Token is what participants of this ICO is purchasing.

1) What is the relationship between 'Gold' and MNT Tokens?

2) How does holders of MNT Tokens in an exchange (eg, Hitbtc) collect the 75% of commissions from GoldMint Blockchain you mentioned?

The project does sounds like a keeper, hope it is a success!

We are going to develop a graphene blockchain containing two tokens: GOLD and MNT(MNTP). MNTP token are 7$ each and now available for sale here. MNTP tokens are not gold-backed but they bring profits to the holder by verifying transaction blocks according to tokens stake held. GOLD tokens are backed by a gold ounce each with an equal price. These will get issued in 2018 only after our blockchain launch.

MNT token holders can get profits by holding tokens on our implemented wallet only.

Have you passed the Howey test? You promise to "buy back" tokens at markets price it seems like a security token.
What exchanges will list your token?

Our MNT tokens pass Howey Test. We meet all the requirements of SEC regulations and can't be determined as securities. We can provide you more details such as a compliance review but only in our telegram chat: https://t.me/goldmintio

With regards,
team GOLDMINT

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September 22, 2017, 10:49:41 AM
 #1448

_______________________________________________________________

High-Tech Gold Vending Machines
_______________________________________________________________



Convenience has driven human innovation since the dawn of time. Technology only furthers the desire to make our lives easier, and vending machines play an important role in catering to that.

_______________________________________________________________

Quick History of Vending Machines
_______________________________________________________________

Vending machines have existed since the Roman Empire. The first such instance was a holy water dispenser, allowing users to insert a coin and receive the sacred liquid. Modern vending machines, though, came about in the late 1880s, in England. Vending machines, of course, are popular because of their extreme convenience, and ability for you to complete transactions without human interaction.

_______________________________________________________________

Different Types of Vending Machines
_______________________________________________________________

When you say the word “vending machine”, a little box offering food or drinks often comes to mind. But, there are tons of other types of vending machines out there, varying from weird, to “I-wish-I’d-thought-of-that” type of brilliant.

Many zoos and museums have something called a “Mold-a-Rama”. This type of vending machine works by having the user select the type of figurine they’d like, often in the shape of animals or artifacts. From there, the machine makes the selected blow-molded plastic figurine. Once completed, it spits out the model, still hot from the press.

Japan is well-known for their quirky, atypical trends. Animals and animal costumes are no exception, in their love of going out-of-the box. So, it should come as no surprise that Tokyo offers vending machines for dog wigs and hats. Open 24-hours a day, they’re available to fix any pet apparel emergency.

The 90s brought about widespread changes, with regard to medical marijuana, which caused a huge spike in the cannabis innovation industry. It’s not shocking that a vending machine and MMJ were fused. First available in California, Colorado, and Canada, these machines were placed inside of regulated dispensaries, making the lives of card holders and budtenders alike much easier.

While these off-the-wall ideas are innovative, it begs the question, to what extent can vending machines truly improve our lives? Answer: significantly — and in more ways than you could ever imagine.

_______________________________________________________________

Gold Vending Machines
_______________________________________________________________

Now, a gold vending machine isn’t an entirely new concept in and of itself. In fact, Westfield Mall located in west London, has been home to a gold vending machine (aptly named Gold to Go) for a number of years. Unassuming, yet it holds a booming presence because of the psychological draw — purchasing gold from a vending machine is novel, yet an increasingly smart investment.

Because gold does fluctuate, Gold to Go updates prices every 10 minutes, to ensure users are purchasing at an accurate market price. You can purchase in one g, 2.5 g, five g, and quarter-ounce sizes…all the way up to a 250 g bar. While exceedingly awesome in concept, there’s so much more that can be done with a gold vending machine, than solely dispensing gold.

_______________________________________________________________

A Game Changer
_______________________________________________________________

That’s where Custody Bot steps in. GoldMint is a blockchain-based company involved with tokenized cryptoassets — specifically gold. Their proprietary vending machine, Custody Bot, allows people to appraise, store, receive, and deliver gold, without having to interact with human beings.

Custody bot prototype is attached to the public blockchain, Ethereum, and works as a mediator. Moving forward, it will be associated with GoldMint’s custom blockchain, based on Graphene technology. Essentially, when someone initiates an action in the vending machine, a smart contract forms between the buyer and the owner of the machine (known as a creditor). Custody Bot audits and verifies the collateral, and spits out a unique identifier code for each item stored, recording the action accordingly on the blockchain.

Once someone places jewelry in the machine, it’s stored in a safe cell. From there, it conducts a spectrometer analysis of the gold, then hydrostatically weighs the gold. In other words, it’s weighed once in air and once in liquid. It then transfers data to secure computer in the machine, where it either approves or disapproves of the gold. If approved, the value is determined, and it spits out the aforementioned unique identifier code. If disapproved, it’s returned to the owner. While this concept is great for individuals, it is pawn shops who are extremely excited about gold vending machines.

_______________________________________________________________

The State of Pawning Affairs
_______________________________________________________________

Currently, the pawn industry is riddled with issues. As previously mentioned, wiring payments across borders is costly. Unclaimed pledges are a common issue, as well. Also known as pawns, these are items that have been handed over as collateral for a loan, only to be forgotten. And, because pawn shops exist worldwide, there’s truly no set standard for industry regulations.

Russia, Spain, and the UK house large pawn shop networks. Russia’s industry boasts around $1 Billion in its current asset portfolio. Spain rings in around $3 Billion. The UK, though, takes the cake at £6 Billion pounds. To say the pawn industry is gigantic would be an understatement.

Custody Bot solves many of the issues that plague pawn shops. It allows for gold to be recorded on the blockchain. With this information, pawn shops know exactly how much is in their portfolio, and to whom it belongs. Moreover, lending becomes much cheaper, thanks to the removal of expensive wire transfer fees. And, because pawn shops across the world can lend, trade, and sell with Custody Bot, a set of regulations and standards is easy to implement, given the extreme transparency and connectivity.

_______________________________________________________________

Wrap Up
_______________________________________________________________

While vending machines have been around for millennia, they’re still a useful tool when paired with today’s advanced technology. Because gold is considered a stable investment, it’s often used as collateral for a loan, especially by pawn shops. Many issues plague the pawn industry, but Custody Bot and other gold vending machines are a revolutionary take on the old technology, by abolishing international borders, and bringing in a new era of pawning. The future of pawn shops has arrived.


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September 22, 2017, 10:52:27 AM
 #1449

Hi everybody,

Portuguese ANN thread has been updated with all 59 news fully translated to Portuguese!
You can access thread here:https://bitcointalk.org/index.php?topic=2164525.msg21678486#msg21678486
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September 22, 2017, 11:01:08 AM
 #1450

how is it burned?
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September 22, 2017, 11:06:20 AM
 #1451

how can gold help me hedging risks on the cryptocurrency market?
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September 22, 2017, 11:12:18 AM
 #1452

as a trader only i dont give a shit.
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September 22, 2017, 11:18:27 AM
 #1453

how can icos find gold profitable?
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September 22, 2017, 11:24:27 AM
 #1454

Greetings!

how is it burned?

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

how can gold help me hedging risks on the cryptocurrency market?

The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction.

how can icos find gold profitable?

For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

With regards,
team GOLDMINT

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September 22, 2017, 11:30:08 AM
 #1455

if the gold is damaged or stolen, who will take responsibility for?
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September 22, 2017, 11:36:05 AM
 #1456

How can it be both backed by real gold and run on blockchain?
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September 22, 2017, 11:42:43 AM
 #1457

This looks very worth watching.
Seriously.
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September 22, 2017, 11:48:19 AM
 #1458

What exchanges should we expect? I need liquidity on my investments.
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September 22, 2017, 11:54:30 AM
 #1459

Greetings!

if the gold is damaged or stolen, who will take responsibility for?

The gold we use to back GOLD digital assets is all insured.

How can it be both backed by real gold and run on blockchain?

A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.

What exchanges should we expect? I need liquidity on my investments.

We meet all the requirements of SEC regulations and our tokens can't be determined as securities.
The final decision of listing us on exchanges lays upon exchanges their self.
According to all this we will start listing negotiations right after our  ICO.
The first exchanges to list tokens are usually Liqui, YoBit, Tidex, HitBTC.

With regards,
team GOLDMINT

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September 22, 2017, 12:00:29 PM
 #1460

gold token won’t be listed on any exchange, correct? and let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?
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