Greetings!Another addition to those cryptos backed by precious metals primarily by gold.
How this project differs from the other token or coins backed by gold like Orocoin, goldblocks, Xaurum and some others?
Unlike other gold-backed cryptocurrency, GoldMint provides a different business model and technical supply.
1. We use physical gold, that we buy and sell on exchanges, to secure our crypto assets. It gives more liquidity to our coin.
2. We have 2 different coins - "GOLD" and "MNTP". "GOLD" - has the same ounce as physical gold price, "MNTP" is a utility token and its price depends not on gold price, but rather on the "GOLD" coin turnover.
3. We use our own blockchain with a unique proof-of-stake protocol of consensus.
4. We are developing a gold-specialized ATM-like machine - "Custody bot" which is a one of a kind device for evaluating, storing, buying and selling physical gold.
5. We plan on to develop investment marketplace for gold mining, pawnshops, gold trading companies. People will invest our GOLD coin into different businesses with different interests.
Best regards,
Team GoldMint