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

[code]

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

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[actudoran]

what happens when physical gold is withdrawn from custody bot?

[spiceminer15]

what are the costs of custody bot development?

[nenelsparadise]

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.

[destruct]

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what happens when physical gold is withdrawn from custody bot?

When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.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

[destruct]

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

[CryptoPromotions]

When was the pre-ICO? I haven't heard anything about it.

[qberty]

Can US/Singapore citizens participate in the ICO?

[nenelsparadise]

How will be distributed tokens during ICO event?

[thisisnotmyltcusername]

this is better than only fools and horses,, hilarious!!!

[destruct]

Greetings!

When was the pre-ICO? I haven't heard anything about it.

Our pre-ICO was private. We had only 300,000 tokens each presented to 27 person and 3 venture funds only.

You still can join our upcoming ICO.
You will be able to buy our tokens using your ETH or BTC.
Minimum investment can be 1 MNTP token and $7 equally.

We'll open a prior registration at goldmint.io in 2-3 days.
You'll be able to register and get access to addresses you'll use to send transfers.

Can US/Singapore citizens participate in the ICO?

Citizens,  residents  (tax  or  otherwise)  and  green  card holder  of the United  States  of America
or  Singapore,  or  other  U.S.  or  Singapore person  are  exempt  from buying MNT tokens.  The 
term  “U.S.  or   Singapore  Person”   refers  to  anyone  who  lives  in  the  United  States  or 
Singapore  or  to  any  entity  that  is  incorporated  under  United  States  or  Singapore  law. 
American   citizens   living   abroad   can   also  be  considered  “U.S.  Persons”  under  certain 
conditions.

How will be distributed tokens during ICO event?

Release  of  MNT  tokens  are  done  by  Ethereum-based  smart  contracts,  specially  used  for distribution of tokens.   
80% of 10 000 000 MNT are released during ICO launch. 
GoldMint  team  receives  two  million  MNT  tokens,  and  no  more  than  500  000  per  quarter distributed via a special wallet. 
Some consultants receive MNT tokens two months after ICO launch. 
Smart contracts can automatically trade ETH into MNT. 
The number  of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.

With regards,
team GOLDMINT

[ianp]

Why don't you use ETH blockchain?

[dermo]

What about GOLD/MNT mining?

[BazkieBumpercar]

Describe PoS and why you chose it? Thank you

[granathus]

I am so happy this is not just a crypto currency and not just reliant on people buying and selling coins.
alot of thick people in the world.

[destruct]

Greetings!

Why don't you use ETH blockchain?

GoldMint’s blockchain, using the​ ​Graphene​ platform will be launched. 

    Advantages of such a choice compared to using an Ethereum private fork are as follows: 

        1. Safer  -  GoldMint  blockchain  uses  its  own  coins  rather  than  turing-complete  smart contracts. 
        2. More  productive  -  GoldMint  uses  PoS,  is  optimized  for  GOLD transactions  as there are no other ICOs on the same platform.   
        3. Cheaper - no charge for ether commissions. 
        4. The Graphene blockchain supports PoS.

What about GOLD/MNT mining?

To start mining, you just  needs  to  download  a program  from the  GoldMint repository, launch it on your device, fine-tune it and start mining. 
Consensus algorithm :  We use PoS as our primary mining system. In  case  a user who holds many MNT  doesn’t have  enough  computational power, he can rent 
computational power from other miners.

Miner rotation 
The  amount  of  stakes  depends  on the  amount  of MNT  a miner holds.  So,  if  a miner owns 50% MNT, he will be chosen to process every second block. 

Miner rewards 
A miner receives  a  GOLD commission from each processed block. When the block is processed, no tokens are emitted.

Describe PoS and why you chose it? Thank you

Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Unlike proof-of-work (PoW) based cryptocurrencies (such as bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are usually said to be forged (in the blacksmith sense of this word), or minted, rather than mined. Also, usually all the coins are created in the beginning and the total number of coins never changes afterwards (although there are some other versions of PoS where new coins can be created). Therefore, in the basic version of PoS there are no block rewards (e.g. as in bitcoin); so, the forgers take only the transaction fees

With regards,
team GOLDMINT

[DeeSome]

how are the rewards for mining determined?

[dcl595]

what happens if the miner doesn’t have enough computing power to verify a transaction?

[code]

why is goldmint platform built on graphene?

[actudoran]

Need more information please