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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 92928 times)
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September 26, 2017, 01:04:06 PM
 #1921

_______________________________________________________________

We will be participating in the InvestBazar and CryptoBazar International Pitch-session Day in Dubai, September 27th!
This day expects to bring in over 1000+ participants and over 2000 online-audience members.
We are hoping to carry on our last success at the same event in Moscow.
Follow this link for more information.

_______________________________________________________________


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September 26, 2017, 01:07:08 PM
 #1922

Greetings!

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.

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.

With regards,
team GOLDMINT

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September 26, 2017, 01:07:25 PM
 #1923

_______________________________________________________________

Coвceм cкopo мы пpимeм yчacтиe в мeждyнapoднoй питч-ceccии oт InvestBazar и CryptoBazar в Дyбae 27 ceнтябpя!
Oжидaeтcя бoлee 1000 yчacтникoв и бoлee 2000 чeлoвeк oнлaйн-ayдитopии.
Haдeeмcя, чтo нaш пocлeдний ycпex нa тoм жe мepoпpиятии в Mocквe пoвтopитcя и здecь.
Бoльшe инфopмaции вы мoжeтe пpoчecть пo ccылкe
.
_______________________________________________________________


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September 26, 2017, 01:12:37 PM
 #1924

No Twitter or Facebook to help promote?
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September 26, 2017, 01:17:52 PM
 #1925

Where is your bounty?
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September 26, 2017, 01:22:18 PM
 #1926

What commission you hold?
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September 26, 2017, 01:27:12 PM
 #1927

What difference between Goldmint and other gold-based cryptocurrency?
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September 26, 2017, 01:32:15 PM
 #1928

Greetings!

Where is your bounty?

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

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.

With regards,
team GOLDMINT

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September 26, 2017, 01:37:14 PM
 #1929

Why tokens are Gold-backed? Why not using any other precious metals or other asset?
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September 26, 2017, 01:42:17 PM
 #1930

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
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September 26, 2017, 01:47:43 PM
 #1931

How will amount of physical gold will be controlled?
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September 26, 2017, 01:53:22 PM
 #1932

I see goldmint as the world currency of the whole world
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September 26, 2017, 01:59:31 PM
 #1933

Greetings!

Why tokens are Gold-backed? Why not using any other precious metals or other asset?

Gold- because it is a clear metal for general public. Plus, we have a company that buys 450 kg of gold per month from pawnshops all over Russia. These are unclaimed deposits. Therefore, we have our own source of gold - we don't depend on banks.
 
Today, more than 1% of all gold is kept in pawnshops. In 53% of the cases, gold is bought as a mean of investment. Many people buy coins or small bars of gold. For them Custody Bot is an excellent solution. Coins are the easiest to examine. Initially, we set a task for our engineers to examine the quality of jewellery. They have succeeded and this is way more difficult than examining coins.

What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?

If  the  audit  results  show  that,  the  value  of physical gold  is  less than the number  of the GOLD tokens emitted, the  excess  amount  of  GOLD  will  be  written  off  automatically from  the  company  wallet via the  smart contract.

How will amount of physical gold will be controlled?

All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to  the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective ​TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.

With regards,
team GOLDMINT

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September 26, 2017, 02:05:06 PM
 #1934

How physical gold will be stored?
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September 26, 2017, 02:10:29 PM
 #1935

What about GOLD exchange rate?
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September 26, 2017, 02:16:05 PM
 #1936

What is ETF?
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September 26, 2017, 02:23:02 PM
 #1937

I want to see the future of Goldmint
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September 26, 2017, 02:32:26 PM
 #1938

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.


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 is ETF?

ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)).

Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. 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 ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD.

With regards,
team GOLDMINT

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September 26, 2017, 02:36:55 PM
 #1939

How GOLD is connected with real gold?
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September 26, 2017, 02:40:04 PM
 #1940

what is gold?
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