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Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 114. (Read 169030 times)

sr. member
Activity: 336
Merit: 250
full member
Activity: 294
Merit: 100
what happens when physical gold is withdrawn from custody bot?
sr. member
Activity: 308
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which details of gold valuables examination are sent to the blockchain?
sr. member
Activity: 302
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why does gold jewelry need extra examination from a specialist?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

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.

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.

With regards,
team GOLDMINT
sr. member
Activity: 405
Merit: 250
the step seem a little complexed//// but worth to get!
sr. member
Activity: 332
Merit: 250
why can custody bot automate gold valuables assessment?
sr. member
Activity: 308
Merit: 250
which assets can be deposited to the custody bot?
sr. member
Activity: 302
Merit: 250
how does custody bot evaluate the assets?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

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

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.

With regards,
team GOLDMINT
sr. member
Activity: 324
Merit: 250
too complicated for most of people.. I think
sr. member
Activity: 336
Merit: 250
sr. member
Activity: 358
Merit: 250
How Custody Bot analyse the value of gold?
sr. member
Activity: 536
Merit: 251
How Custody Bot will be linked to a blockchain?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

does mnt act like a goldmint share?

MNT token does not imply rights to participate in company management of GoldMint and is not a share.

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.

With regards,
team GOLDMINT
sr. member
Activity: 381
Merit: 250
This looks very worth watching. Seriously.
sr. member
Activity: 378
Merit: 250
What do you want to gain with your project?
full member
Activity: 294
Merit: 100
which rights does mnt provide its holders with?
sr. member
Activity: 415
Merit: 250
does mnt act like a goldmint share?
sr. member
Activity: 602
Merit: 250
Greetings!

how do they work?

MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.

Can MNT holders participate in GoldMint company management?
 Is GoldMint a DAO?

The internal MNT token does not give rights to participate in company management of GoldMint and is not a share.

MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold.

This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not.

Who is the seller of MNTP tokens?

GoldMint PTE LTD company registered in Singapore is the seller of MNT tokens.

With regards,
team GOLDMINT

I like this manager! I like the project and the people who work on it! I will be glad to have a few coins from this project for the future!
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