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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 92831 times)
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September 29, 2017, 02:53:17 PM
 #2381

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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September 29, 2017, 02:59:00 PM
 #2382

Looking good. Got my eye in this. What will happen to the classic chain.
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September 29, 2017, 03:06:32 PM
 #2383

What is the key idea of the project?
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September 29, 2017, 03:11:08 PM
 #2384

How does custody bot evaluate the assets?
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September 29, 2017, 03:18:29 PM
 #2385

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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September 29, 2017, 03:24:52 PM
 #2386

_______________________________________________________________

Everything there is to know about Custody Bot as of this day, you can read about in this article!
_______________________________________________________________




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September 29, 2017, 03:26:24 PM
 #2387

How physical gold will be stored?
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September 29, 2017, 03:39:14 PM
 #2388

How can icos find gold profitable?
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September 29, 2017, 03:43:31 PM
 #2389

hello dev .. i participant your project, and i want to inquire for the calculation of stake bounty signature campaign what has been counted thoroughly?

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September 29, 2017, 03:46:43 PM
 #2390

No Twitter or Facebook to help promote?
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September 29, 2017, 03:53:51 PM
 #2391

How do they work?
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September 29, 2017, 04:02:09 PM
 #2392

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.


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.


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 29, 2017, 04:07:27 PM
 #2393

Tell us more about hedging risks?
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September 29, 2017, 04:15:11 PM
 #2394

Yes, this is a good idea
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September 29, 2017, 04:24:13 PM
 #2395

Is MNTP a security token?
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September 29, 2017, 04:32:57 PM
 #2396

Where is your bounty?
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September 29, 2017, 04:40:10 PM
 #2397

Greetings!


Tell us more about hedging risks?


Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.

Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment  of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.

Here are some reasons why investors choose GoldMint:

You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.


Is MNTP a security token?


No, MNTP tokens are used for ICO only. As soon as GoldMint blockchain is launched, MNTP can be exchanged for MNT used as stake in our consensus algorithm. MNT holders do not receive any passive income. We have a report on MNT/MNTP status from an US lawyer company. This provides us with an opportunity to trade MNT/MNTP on the US market 12 months after ICO.


Where is your bounty?


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


With regards,
team GOLDMINT

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September 29, 2017, 04:53:26 PM
 #2398

Finally, thank you. Now I'll check announcement threads more
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September 29, 2017, 05:01:39 PM
 #2399

What difference between MNT and GOLD?
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September 29, 2017, 05:08:45 PM
 #2400

Can i recieve cryptocurrency or fiat loan from Goldmint?
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