⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️

[minerbro]

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?

[strideynet]

do gold commissions depend on the country/citizenship?

[chaolang]

A chance to be;  Strange alt of the week

[destruct]

Greetings!

which is the maximum amount of gold emitted?

The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.

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 ).

do gold commissions depend on the country/citizenship?

No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.

With regards,
team GOLDMINT

[Coinnosaurus]

why would someone buy gold with btc.. gold is the past, bitcoin is the future

[destruct]

_______________________________________________________________

We recently had a meeting with the Head of Innovation Hub at DMCC (Dubai Multi Commodity Center) who invited us to become one of their members!
DMCC is the largest hub connecting numerous companies operating with gold, with more than 40000 employees.
If proposals move forward we will benefit from their start up accelerator tool, producers and traders.
_______________________________________________________________

[makemebeat]

how is it burned?

[Abitcoinfuture]

how can gold help me hedging risks on the cryptocurrency market?

[TomKoinify]

how can icos find gold profitable?

[Kracko]

Im seriously bloody impressed! Its just beyond my mental capacity to understand.

[destruct]

Greetings!

how is it burned?

GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.

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.

how can icos find gold profitable?

For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

With regards,
team GOLDMINT

[mika1977]

if the gold is damaged or stolen, who will take responsibility for?

[kenel]

How can it be both backed by real gold and run on blockchain?

[atariguy]

What exchanges should we expect? I need liquidity on my investments.

[Itcher]

No Twitter or Facebook to help promote?

[destruct]

Greetings!

if the gold is damaged or stolen, who will take responsibility for?

The gold we use to back GOLD digital assets is all insured.

How can it be both backed by real gold and run on blockchain?

A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.

What exchanges should we expect? I need liquidity on my investments.

We meet all the requirements of SEC regulations and our tokens can't be determined as securities.
The final decision of listing us on exchanges lays upon exchanges their self.
According to all this we will start listing negotiations right after our  ICO.
The first exchanges to list tokens are usually Liqui, YoBit, Tidex, HitBTC.

With regards,
team GOLDMINT

[florianuhlemann]

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?

[hometester]

Any gauranteed coin won't be dumped when it reaches exchanges ?

[zee123]

It is quite an interesting project. Looking forward to this.

[getwork]

I see MNTP and MNT tokens here. What's the difference?