⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️

[mika1977]

how are the commissions distributed?

[1714932760]

1714932760

[1714932760]

1714932760

[kenel]

what is trust management?

[destruct]

Greetings!

what is the key idea of the project?

GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.

how are the commissions distributed?

75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.

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).

With regards,
team GOLDMINT

[atariguy]

which operations does goldmint run with gold which ensure the investor with some income?

[Itcher]

how is my income calculated? (provide an example here as well)

[florianuhlemann]

very frustrating indeed , need this coin to be like jesus and rise from the dead

[hometester]

what are some of the gold applications?

[destruct]

Greetings!

which operations does goldmint run with gold which ensure the investor with some income?

GoldMint provides investors with the following opportunities: 1. P2P lending - GoldMint gives investors significant interest when they lend GoldMint their gold (in the form of GOLD). 2. Opportunities related to physical gold - GoldMInt helps gold investors invest in goldfield development and in trading gold metals.

how is my income calculated? (provide an example here as well)

The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.

what are some of the gold applications?

Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives.

With regards,
team GOLDMINT

[karanj]

High Returns are assured through goldmint.Asset backed ico.

[destruct]

Greetings!

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?

These are the benefits of GOLD tokens:
1. STABLE PRICE
- for cryptotraders it can help hedging risks after a busy day trading.
- for ICOs to hedge your risks when buying new tokens. As you know each ICO has their ETH exchange rate on the first day and rate is kept till the last day frozen. ALL ICOs usually continue for 1 month. And during this month ETH and BTC can suffer really big fluctuations of price.

2. The process to buy any of the cryptocurrencies today having fiat is accompanied with high transactions fees such as 5-8% or even more! Agree?
Same with selling your BTC or ETH for fiat. Is anybody happy with the 10-16% spread of FIAT-GOLD-FIAT circle?
We can provide same with less than 5%! HOW? We are going to deliver this service to banks. We already have banks agreed as they have plenty of GOLD and want to issue GOLD tokens backed by their physical GOLD.
Isn't it nice?

3. FIAT LOANING. We are going to deliver p2p fiat loaning to our GOLD token buyers. How? As a collateral you can deposit your GOLD tokens to GOLDMINT and get a loan on a credit card issued by our bank partners. Why we decided so? There 60000 tones of GOLD excavated today. 30000 of them are on people hands, necks or kept in drawers. Nobody today can refinance physical gold better then pawnshops. Tired of 100-150% pawnshops interest anually?

4. CUSTODY BOT. Here come our future tech - own designed robotic custody bots which can evaluate physical gold, issue GOLD tokens to those who will deposit their physical gold jewellery. Realtime. Hassle free. How is that?

5. CLASSIC INVESTMENT INSTRUMENT. GOLD token holders can also deposit theit GOLD tokens to GOLDMINT trust management and get 6-10% annually

How do you calculate with transaction fees?

GOLD tokens transaction fees are 0,3%.

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!

Each GOLD token issued is backed with an ounce of gold which is provided by 100% guaranteed buyback by GOLDMINT itself. USDT doesn't guarantee its buyback. It's just a bubble of existing volume.

With regards,
team GOLDMINT

[getwork]

which other elements does the goldmint infrastructure include?

[goodluck0319]

what is the use of api implementation?

[strideynet]

Where is your bounty?

[chaolang]

Great! were and when it will be listed

[destruct]

Greetings!

which other elements does the goldmint infrastructure include?

Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade.

what is the use of api implementation?

The Application Programming Interface (API) regulates the GOLD, distributing these tokens to the following entities: E-commerce that can use GOLD for transactions. Local banks and Monetary Financial Institutions (MFIs) that can use GOLD as collateral. The API also regulates the GOLD that is used as escrow for bank accounts and as financial guarantees.

Where is your bounty?

Here you can find all details about our BTT campaign: https://bitcointalk.org/index.php?topic=2091804

With regards,
team GOLDMINT

[makemebeat]

What commission you hold?

[Abitcoinfuture]

What difference between Goldmint and other gold-based cryptocurrency?

[TomKoinify]

There was something written about API? What is about?

[Kracko]

I'm in. Good luck everyone

[destruct]

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).

What difference between Goldmint and other gold-based cryptocurrency?

Differences   between   Goldmint   and   other  gold   cryptocurrency   blockchains  include  the  following:   

         Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions.   
         Goldmint  uses Proof-of-Stake where miners  are  doled blocks/ transactions  according   to the  amount  of MNT they have. Proof  of  stake  (PoS)  is  faster,  simpler and                 cheaper  than proof of work (PoW). 
         Physical gold and ETFs are stored in a programmed decentralized storage unit.
         Custody Bot    -   Goldmint’s   innovative  storage unit  is programmed to automatically  identify  and  store  gold  jewelry,  small  ingots  (up  to  100  grams)  and  coins without human intervention.

There was something written about API? What is about?

GoldMint  plans  to  develop  an Application Programming  Interface  (API) to regulate  GOLD. 

This will achieve the following: 

     ●   E-commerce can use GOLD for transactions. 

     ●   Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral. 

     ●    GOLD can be used escrow for bank accounts and as financial guarantees.

With regards,
team GOLDMINT