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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 92671 times)
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September 28, 2017, 09:12:58 AM
 #2221

Finally, thank you. Now I'll check announcement threads more
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September 28, 2017, 09:18:40 AM
 #2222

What is custody bot?
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September 28, 2017, 09:24:36 AM
 #2223

What are the commissions for transactions in gold?
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September 28, 2017, 09:36:16 AM
 #2224

What are MNT tokens?
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September 28, 2017, 09:46:23 AM
 #2225

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 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 ).


What are MNT tokens?


MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.


With regards,
team GOLDMINT

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September 28, 2017, 09:53:31 AM
 #2226

How do i get the money loaned?
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September 28, 2017, 09:59:34 AM
 #2227

What is trust management?
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September 28, 2017, 10:09:25 AM
 #2228

How do they work?
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September 28, 2017, 10:18:56 AM
 #2229

Don't forget to get listed on all exchanges
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September 28, 2017, 10:22:26 AM
 #2230

Greetings!


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.


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.


With regards,
team GOLDMINT

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September 28, 2017, 10:30:26 AM
 #2231

What are graphene’s advantages compared to ethereum and other blockchains?
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September 28, 2017, 10:34:35 AM
 #2232

Yes, this is a good idea
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September 28, 2017, 10:40:50 AM
 #2233

How is the gold asset backed by gold?
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September 28, 2017, 10:49:56 AM
 #2234

Greetings!


What are graphene’s advantages compared to ethereum and other blockchains?


Graphene is cheaper, there is no charge for ether commissions. Graphene, too, is optimized for GOLD transactions therefore its executes its blocks faster and more effectively and it’s safer in that it uses its own coins rather than turing-complete smart contracts.


How is the gold asset backed by gold?


All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.


With regards,
team GOLDMINT


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September 28, 2017, 10:55:19 AM
 #2235

A chance to be;  Strange alt of the week
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September 28, 2017, 10:59:02 AM
 #2236

stay tuned
waiting bounty fb and twitter has started
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September 28, 2017, 11:10:07 AM
 #2237

Does any person can trade GOLD for fiat?
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September 28, 2017, 11:14:29 AM
 #2238

How physical gold will be stored?
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September 28, 2017, 11:16:50 AM
 #2239

_______________________________________________________________

See our photo from Blockchain and Bitcoin conference in Almaty!
Behind the booth is our co-founder and CBDO Evgeny Volfman.
Did you get a chance to drop by?

_______________________________________________________________




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September 28, 2017, 11:20:24 AM
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What about GOLD exchange rate?
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