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strideynet
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September 25, 2017, 09:42:00 AM |
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Which other elements does the goldmint infrastructure include?
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Kracko
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September 25, 2017, 09:49:20 AM |
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Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
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Makka
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September 25, 2017, 09:53:40 AM |
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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 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. How do i get the money loaned?
GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint. With regards,
team GOLDMINT
I think this is the first gold related investment using blockchain. No wonder this already got 82 pages. I also read before Xaurum as gold related but didn't really check if they have their own blockchain. |
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florianuhlemann
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September 25, 2017, 09:54:47 AM |
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What happens when physical gold is withdrawn from custody bot?
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qberty
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September 25, 2017, 10:04:18 AM |
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Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
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destruct (OP)
Sr. Member
 Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 25, 2017, 10:14:20 AM |
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Greetings!Which other elements does the goldmint infrastructure include?
Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade. Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
The price of one GOLD equals one ounce of physical gold on the LBMA. Applicants who want to trade GOLD for fiat need to undergo GoldMint's KYC procedure. If accepted, the applicant’s GOLD cryptoasset is transferred from his, or her, GoldMint wallet to a special GoldMint account and is converted to fiat. GoldMint sends this fiat to the applicant. So, the price with commissions you receive for buying GOLD is LBMA + 5%, selling - LBMA + 2%. Therefore the way fiat => GOLD => fiat will be 3%. What happens when physical gold is withdrawn from custody bot?
When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed. With regards,
team GOLDMINT
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atariguy
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September 25, 2017, 10:20:27 AM |
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What is custody bot?
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goodluck0319
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September 25, 2017, 10:28:38 AM |
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I'm in. Good luck everyone.
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kenel
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September 25, 2017, 10:36:02 AM |
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What is trust management?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 25, 2017, 10:42:08 AM |
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Greetings!What is custody bot?
Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold. 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
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CryptoPromotions
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September 25, 2017, 10:48:48 AM |
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Why is goldmint platform built on graphene?
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chaolang
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September 25, 2017, 10:53:28 AM |
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I think i better get into this one also looks like majority here are in favour of this project.
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makemebeat
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September 25, 2017, 11:00:53 AM |
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What other projects run on graphene?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 25, 2017, 11:07:56 AM |
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Greetings!Why is goldmint platform built on graphene?
The advantages of Graphene compared to Ethereum include the following. It is: Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. More productive - GoldMint is optimized for GOLD transactions. GoldMint is the only ICO that uses this platform, so its platform executes workloads The Graphene blockchain supports PoS.Cheaper - there is no charge for ether commissions.faster and more effectively. 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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Itcher
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September 25, 2017, 11:12:03 AM |
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very frustrating indeed , need this coin to be like jesus and rise from the dead
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biy
Member
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Activity: 98
Merit: 10
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September 25, 2017, 11:14:15 AM |
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Is there a minimal amount that has to be invested?
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Abitcoinfuture
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September 25, 2017, 11:14:59 AM |
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Do gold commissions depend on the country/citizenship?
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hometester
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September 25, 2017, 11:20:12 AM |
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What is the limit of the loan?
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getwork
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September 25, 2017, 11:25:46 AM |
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Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 25, 2017, 11:32:46 AM |
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Greetings!Do gold commissions depend on the country/citizenship?
No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD. What is the limit of the loan?
The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral. Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?
The internal MNT token does not give rights to participate in company management of GoldMint and is not a share. MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold. This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not. With regards,
team GOLDMINT
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