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Abitcoinfuture
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September 27, 2017, 01:39:57 PM |
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What are the commissions for transactions in gold?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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mika1977
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September 27, 2017, 01:45:28 PM |
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I like the project.,good luck team
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destruct (OP)
Sr. Member
 Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 27, 2017, 01:51:54 PM |
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Greetings!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. 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 are the commissions for transactions in gold?
Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. 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 ). With regards,
team GOLDMINT
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Abitcoinfuture
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September 27, 2017, 01:57:27 PM |
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Looking good. Got my eye in this. What will happen to the classic chain.
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atariguy
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September 27, 2017, 02:09:23 PM |
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What is trust management?
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strideynet
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September 27, 2017, 02:26:38 PM |
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How can gold help me hedging risks on the cryptocurrency market?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 27, 2017, 02:32:09 PM |
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Greetings!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). 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. How can gold help me hedging risks on the cryptocurrency market?
The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction. With regards,
team GOLDMINT
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hometester
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September 27, 2017, 02:36:09 PM |
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Which assets can be deposited to the custody bot?
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getwork
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September 27, 2017, 02:42:54 PM |
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Does mnt act like a goldmint share?
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strideynet
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September 27, 2017, 02:47:43 PM |
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What are some of the GOLD applications?
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goodluck0319
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September 27, 2017, 02:53:27 PM |
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Im seriously bloody impressed!
Its just beyond my mental capacity to understand
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 27, 2017, 02:59:31 PM |
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Greetings!Which assets can be deposited to the custody bot?
Gold jewelry, small ingots (up to 100 grams) and coins. Does mnt act like a goldmint share?
MNT token does not imply rights to participate in company management of GoldMint and is not a share. 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
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mika1977
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September 27, 2017, 03:05:48 PM |
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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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kenel
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September 27, 2017, 03:16:37 PM |
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Looking good. Got my eye in this. What will happen to the classic chain.
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atariguy
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September 27, 2017, 03:19:11 PM |
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What is the key idea of the project?
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coindoctor
Full Member
Offline
Activity: 194
Merit: 100
路發
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September 27, 2017, 03:19:57 PM |
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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?
I also want to know this. Is it possible ? |
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Itcher
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September 27, 2017, 03:25:56 PM |
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How does custody bot evaluate the assets?
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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September 27, 2017, 03:33:12 PM |
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Greetings!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 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 does custody bot evaluate the assets?
Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis. With regards,
team GOLDMINT
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atariguy
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September 27, 2017, 03:41:42 PM |
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Which rights does MNT provide its holders with?
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