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).
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?
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
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
