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Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 102. (Read 169030 times)

sr. member
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sr. member
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There was something written about API? What is about?
hero member
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Merit: 500
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?


sr. member
Activity: 381
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What difference between Goldmint and other gold-based cryptocurrency?
sr. member
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sr. member
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Alexander KOSTIN | GoldMint
Greetings!

which other elements does the goldmint infrastructure include?

Graphene hosts the Graphene blockchain, API and a crypto exchange for GOLD trade.

what is the use of api implementation?

The Application Programming Interface (API) regulates the GOLD, distributing these tokens to the following entities: E-commerce that can use GOLD for transactions. Local banks and Monetary Financial Institutions (MFIs) that can use GOLD as collateral. The API also regulates the GOLD that is used as escrow for bank accounts and as financial guarantees.

Where is your bounty?

Here you can find all details about our BTT campaign: https://bitcointalksearch.org/topic/icobounty-official-goldmint-bounty-campaign-thread-2091804

With regards,
team GOLDMINT
full member
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Common Sense Ideas == Good Ideas; We will definitely get on the horn with them.
sr. member
Activity: 415
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sr. member
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Merit: 250
what is the use of api implementation?
full member
Activity: 294
Merit: 100
which other elements does the goldmint infrastructure include?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

which operations does goldmint run with gold which ensure the investor with some income?

GoldMint provides investors with the following opportunities: 1. P2P lending - GoldMint gives investors significant interest when they lend GoldMint their gold (in the form of GOLD). 2. Opportunities related to physical gold - GoldMInt helps gold investors invest in goldfield development and in trading gold metals.

how is my income calculated? (provide an example here as well)

The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.

what are some of the gold applications?

Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives.

With regards,
team GOLDMINT
sr. member
Activity: 308
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sorry, to complicated and fishy for me
sr. member
Activity: 302
Merit: 250
what are some of the gold applications?
sr. member
Activity: 405
Merit: 250
how is my income calculated? (provide an example here as well)
sr. member
Activity: 332
Merit: 250
which operations does goldmint run with gold which ensure the investor with some income?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

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 are the commissions distributed?

75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.

what is trust management?

Trust management occurs when investors send their GOLD to GoldMint and the company uses these assets for P2P loans or for buying physical gold (e.g., for goldfield development).

With regards,
team GOLDMINT
sr. member
Activity: 324
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most of the coins don't give a fuck about us!
sr. member
Activity: 336
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sr. member
Activity: 358
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how are the commissions distributed?
sr. member
Activity: 536
Merit: 251
what is the key idea of the project?
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