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BazkieBumpercar
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October 05, 2017, 05:29:35 AM |
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which is the maximum amount of gold emitted?
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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granathus
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October 05, 2017, 05:42:54 AM |
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Interesting, i will be watching this project. Best of luck
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destruct (OP)
Sr. Member
 Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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October 05, 2017, 05:57:27 AM |
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Greetings!what can i do with gold assets?
You can use GOLD assets for the following: Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry. Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets. Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals. ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency. Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process. how is gold emitted?
The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold. 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. With regards,
team GOLDMINT
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DeeSome
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October 05, 2017, 06:10:44 AM |
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what are the commissions for transactions in gold?
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dcl595
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October 05, 2017, 06:15:41 AM |
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do gold commissions depend on the country/citizenship?
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code
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October 05, 2017, 06:18:50 AM |
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how is it burned?
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granathus
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October 05, 2017, 06:27:11 AM |
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Interesting, i will be watching this project. Best of luck.
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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October 05, 2017, 06:37:33 AM |
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Greetings!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. how is it burned?
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot. With regards,
team GOLDMINT
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spiceminer15
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October 05, 2017, 10:34:53 AM |
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how can gold help me hedging risks on the cryptocurrency market?
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nenelsparadise
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October 05, 2017, 10:40:43 AM |
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how can icos find gold profitable?
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CryptoPromotions
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October 05, 2017, 10:47:05 AM |
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if the gold is damaged or stolen, who will take responsibility for?
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qberty
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October 05, 2017, 10:53:49 AM |
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2017 will be the year of Goldmint
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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October 05, 2017, 11:00:38 AM |
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Greetings!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. if the gold is damaged or stolen, who will take responsibility for?
The gold we use to back GOLD digital assets is all insured. With regards,
team GOLDMINT
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ahitman
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October 05, 2017, 11:07:53 AM |
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How can it be both backed by real gold and run on blockchain?
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thisisnotmyltcusername
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October 05, 2017, 11:16:44 AM |
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What exchanges should we expect? I need liquidity on my investments.
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ianp
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October 05, 2017, 11:23:49 AM |
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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?
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dermo
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October 05, 2017, 11:31:05 AM |
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Very interesting project, could become one of the biggest ICOs of 2017 in my humble opinion. All the best, looking forward to participating in the crowdfunding
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destruct (OP)
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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October 05, 2017, 11:37:36 AM |
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Greetings!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. 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. With regards,
team GOLDMINT
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LeyMonte
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October 05, 2017, 11:42:10 AM |
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what amount you collected as of now? i tried accessing the site but i got these.....
"WE ARE SORRY OUR ICO IS NOT AVAILABLE FOR YOUR COUNTRY"
im not residing in those country but i am using VPN which i connected to a singapore server. thats why i cant see it.
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BazkieBumpercar
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October 05, 2017, 11:45:01 AM |
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Any gauranteed coin won't be dumped when it reaches exchanges ?
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