destruct (OP)
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Alexander KOSTIN | GoldMint
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September 23, 2017, 01:57:19 PM |
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Greetings!What can i do with GOLD assets?
You can use GOLD assets for the following: Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry. Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets. Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals. ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency. Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process. How is gold emitted?
The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold. What other projects run on graphene?
Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform With regards, team GOLDMINT
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TomKoinify
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September 23, 2017, 02:04:43 PM |
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What commission you hold?
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msemenov
Newbie
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September 23, 2017, 02:05:32 PM |
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Hello!
I have a question: how can your backing gold/eth amount be verified? Recent news on USDT show us that real reserves can be smaller than needed.
Thanks!
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Kracko
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September 23, 2017, 02:09:02 PM |
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Russian? Then good luck russsian team!
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mika1977
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September 23, 2017, 02:17:08 PM |
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Is that your model have so-called dividends? Can I have passive income of holding? Explain
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destruct (OP)
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Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 23, 2017, 02:24:38 PM |
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Greetings!What commission you hold?
GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD (i.e., more than 0,0025 GOLD depending on the current gold price). Is that your model have so-called dividends? Can I have passive income of holding? Explain
The more MNT a validator holds, the more blocks he can validate and add to the chain. As a result miner gets 75% in GOLD equivalent from the commissions for the transactions validated. In case at the moment of block validation the miner doesn’t have enough computational power to validate the block or in case he cannot do this for some other reasons he can be deleted from the White List of reliable miners and will lose the right to accomplish a block. In this case the right to validate blocks goes over to another user who has been chosen by GoldMint algorythm. To become a validator all you need is to download GoldMint Wallet app from the official website and launch it using your GoldMint account. In case a user who holds many MNT doesn’t have enough computational power, he can rent computational power from other miners. With regards, team GOLDMINT
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djuvantebit
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Be a part of the revolution
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September 23, 2017, 02:25:39 PM |
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Cool concept! Amidst the triads of ICO's one of a few people can relate to, good luck You should promote the ICO on Newbium: https://chat.newbium.com
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atariguy
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September 23, 2017, 02:32:34 PM |
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What about GOLD exchange rate?
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Itcher
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September 23, 2017, 02:39:15 PM |
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What commission you hold?
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florianuhlemann
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September 23, 2017, 02:43:10 PM |
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Describe PoS and why you chose it? Thank you
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destruct (OP)
Sr. Member
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Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 23, 2017, 02:49:01 PM |
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Greetings!What about GOLD exchange rate?
Emission :1 GOLD = cost of 1 ounce of gold on stock exchanges + 5% commission for fiat-GOLD-fiat – no more than 4% Buyback: 1 GOLD = cost of 1 ounce of gold on stock exchanges + max. 5% commission for fiat-GOLD-fiat– no more than 4% What commission you hold?
GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD (i.e., more than 0,0025 GOLD depending on the current gold price). Describe PoS and why you chose it? Thank you
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees With regards, team GOLDMINT
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chaolang
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September 23, 2017, 02:57:03 PM |
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How physical gold will be stored?
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c4m1ll3
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September 23, 2017, 03:02:10 PM |
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How do you calculate with transaction fees?
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makemebeat
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September 23, 2017, 03:04:06 PM |
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How can icos find gold profitable?
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Abitcoinfuture
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September 23, 2017, 03:08:26 PM |
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No Twitter or Facebook to help promote?
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destruct (OP)
Sr. Member
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Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 23, 2017, 03:18:53 PM |
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Greetings!How physical gold will be stored?
Physical gold is locked-up in storage and rated according to its value: Moody’s - A2 and above. Standard and Poor's - A and above. Fitch - A and above. 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. 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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qberty
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September 23, 2017, 03:23:45 PM |
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Tell us more about hedging risks?
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TomKoinify
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September 23, 2017, 03:28:59 PM |
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Yes, this is a good idea
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Kracko
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September 23, 2017, 03:34:53 PM |
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Is MNTP a security token?
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