Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 113. (Read 169030 times)
what other projects run on graphene?
what are graphene’s advantages compared to ethereum and other blockchains?
why is goldmint platform built on graphene?
Greetings!
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.
According to the amount of MNTs the miner has.
The miner can buy more from from other miners on the network.
With regards,
team GOLDMINT
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.
how are the rewards for mining determined?
According to the amount of MNTs the miner has.
what happens if the miner doesn’t have enough computing power to verify a transaction?
The miner can buy more from from other miners on the network.
With regards,
team GOLDMINT
sorry, to complicated and fishy for me
what happens if the miner doesn’t have enough computing power to verify a transaction?
how are the rewards for mining determined?
Describe PoS and why you chose it? Thank you.
Sound interesting! Thanks
Greetings!
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.
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.
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.
With regards,
team GOLDMINT
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.
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.
With regards,
team GOLDMINT
most of the coins don't give a fuck about us!
What about GOLD/MNT mining?
Why don't you use ETH blockchain?
How will be distributed tokens during ICO event?
Greetings!
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
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.
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.
With regards,
team GOLDMINT
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
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.
With regards,
team GOLDMINT
very interested ,but want to know more details.
Can US/Singapore citizens participate in the ICO?
When was the pre-ICO? I haven't heard anything about it.
what are the costs of custody bot development?
Greetings!
Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.
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.
When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.
With regards,
team GOLDMINT
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.
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.
With regards,
team GOLDMINT
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