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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 79073 times)
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October 13, 2017, 09:15:28 AM
 #3101

Greetings!

which rights does mnt provide its holders with?

MNT tokens holders are allowed to vote on GoldMint’s platform in proportion to their number of tokens. This means that when changes are made to GoldMint’s platform, MNT token-holders vote on whether or not to accept these changes. They also have a right to validate blocks and get rewards in GOLD.

What do you want to gain with your project?

Today there are more than 60,000 tonnes of gold from the earth extracted, half of which finds its way into the pockets and accounts of “ordinary” people. Our idea is no short of revolutionary: we plan to convert this gold into blockchain-encrypted tokens to help owners protect their valuables, to help investors move their gold can more rapidly and easily from one part of the world to another, and to help companies and individuals hedge their gold against market volatility.

We plan to move in three stages:

To gain access to 1% of global gold circulation (over 300 tonnes) by launching Custody Bot automated storage facilities in pawnshops around the world.
To gain access to another 5% of gold circulation by introducing Custody Bot to shopping centers.
To gradually gain access to a final 10% of gold reserves, worth more than $100 billion, and to develop a special version of Custody Bot for popular installation.

How Custody Bot will be linked to a blockchain?

The ​Airalab Core​ platform links Custody Bot to the blockchain.

We are consulting with them because they have a huge expirience about connecting various bots to blockchain

With regards,
team GOLDMINT

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October 13, 2017, 10:33:15 AM
 #3102

How Custody Bot analyse the value of gold?
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October 13, 2017, 10:37:32 AM
 #3103

what is custody bot?
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October 13, 2017, 10:44:51 AM
 #3104

Hello Dev

Good luck for your project .

Closely watching the progress !!! Cheers

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October 13, 2017, 10:47:13 AM
 #3105

how does custody bot evaluate the assets?
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October 13, 2017, 10:56:38 AM
 #3106

Interesting... Watching!
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October 13, 2017, 11:03:42 AM
 #3107

Greetings!

How Custody Bot analyse the value of gold?

Gold inspection includes: 
     ●    Visual  identification  of the product by  an  operator –  coin,  ingot, jewelry, raw gold or gold granules 
     ●    Evaluation via spectrography using the spectrograph installed within the box   
     ●    Evaluation and weighing of gold via hydrostatic weighing   

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.

Spectral analysis: the process:
Custody  Bot  uses  fluorescence  spectroscopy,  a  type  of  electromagnetic  spectroscopy  that analyzes  fluorescence  from  a  sample.  This technique  involves using  a beam  of  light, usually ultraviolet light, that excites the electrons in molecules of certain compounds and causes them to  emit  light.  An  analyzer  crystal  disperses  radiation  onto  the  gold  via  a  detector.  A computer-controlled  precision   goniometer  moves  the  analyzer  crystal  and  detector  and controls the position, intensity and lengths of secondary radiation waves. Concentration of the analysis is calculated by comparison with known standard samples. 

Hydrostatic weighing: the process: 
Hydrostatic  weighing  determines  the  density  of  the  gold  and  is  done by weighting the  item first  in  air  then  liquid  and  calculating  the  combined  private  density  (ρ2). Estimation  of density is made by contrasting the density of gold to densities of other metals. 

The  initial weighting  lets  define the valuable’s weight (m1) and the second one lets detemine the volume: V=(m1-m2)/ρ2.

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.

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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October 13, 2017, 11:17:10 AM
 #3108

which assets can be deposited to the custody bot?
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October 13, 2017, 11:22:21 AM
 #3109

_______________________________________________________________

GoldMint is accelerating and corrects its development plan.
Do you agree that GoldMint should extend the ICO for 3 weeks and run GOLD cryptoassets on Ethereum first?
Voting for this poll has commenced!
If you need more info, head to - https://goldmint.io/voting

_______________________________________________________________


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October 13, 2017, 11:24:30 AM
 #3110

why can custody bot automate gold valuables assessment?
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October 13, 2017, 11:24:58 AM
 #3111

Hello Dev

Good luck for your project .

Closely watching the progress
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October 13, 2017, 11:32:05 AM
 #3112

why does gold jewelry need extra examination from a specialist?
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October 13, 2017, 11:38:05 AM
 #3113

Looking good. Got my eye in this. What will happen to the classic chain.
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October 13, 2017, 11:48:05 AM
 #3114

Greetings!

which assets can be deposited to the custody bot?

Gold jewelry, small ingots (up to 100 grams) and coins.

why can custody bot automate gold valuables assessment?

Custody Bot can replace pawnshops as it is more transparent and almost totally automated.

why does gold jewelry need extra examination from a specialist?

Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.

With regards,
team GOLDMINT

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October 13, 2017, 11:59:36 AM
 #3115

which details of gold valuables examination are sent to the blockchain?

a b l e     / ♦ \     N e w   E r a   o f   C r y p t o   F i n a n c e
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October 13, 2017, 12:11:17 PM
 #3116

what happens when physical gold is withdrawn from custody bot?
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October 13, 2017, 12:16:07 PM
 #3117

what are the costs of custody bot development?
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October 13, 2017, 12:24:16 PM
 #3118

okay not too bad to look at the project on this thread of course in this case I still need to see more about goldmint how it would be great in the future.
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October 13, 2017, 12:30:26 PM
 #3119

Greetings!

which details of gold valuables examination are sent to the blockchain?

The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres.

what happens when physical gold is withdrawn from custody bot?

When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.

what are the costs of custody bot development?

Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300

With regards,
team GOLDMINT

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October 13, 2017, 01:39:36 PM
 #3120

Greetings!

As your said, GOLDMINT has an exchange or platform to helps investors exchange GOLDMINT token to real-GOLD with fixed price, is right? Because I really can not understand the definition about apply blockchain technology for real-GOLD.

It would be possible to buy these tokens on more of exchanges.

If I buy ETF where can I get gold for him? In which country?

Having GOLD tokens you would be able to exchange them for physical gold in any of the countries using custody bots. More information about what countries and when will come in 2018.

Hi devs, what do you mean by ETF ?

Gold exchange traded funds on LBMA.

Hello!

The idea is great and team seems competent in the bank and operations sphere!

Am I right that there is no own blockchain already?

Our blockchain development has just started.

With regards,
team GOLDMINT

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