Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 117. (Read 169031 times)

Greetings!


You can use GOLD assets for the following:
Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.
Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.
Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.
ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.
Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process.


The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.


The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.

With regards,
team GOLDMINT

Interesting, i will be watching this project. Best of luck

which is the maximum amount of gold emitted?

how is gold emitted?

what can i do with gold assets?

Greetings!


An auditor from an objective TOP 100 audit company checks GoldMint's accounts each month and confirms that its gold reserves tally with its accounts and with its GOLD emission. On top of that, GoldMint has its own GoldMint internal auditor check its accounts several times a month.


People who want to trade GOLD for fiat or cryptocurrency need to undergo GoldMint's KYC procedure. You can also get GOLD when you transfer your physical gold to Custody Bot or to GoldMint’s partner banks.


The price of one GOLD equals one ounce of physical gold on the LBMA. Applicants who want to trade GOLD for fiat need to undergo GoldMint's KYC procedure. If accepted, the applicant’s GOLD cryptoasset is transferred from his, or her, GoldMint wallet to a special GoldMint account and is converted to fiat. GoldMint sends this fiat to the applicant. So, the price with commissions you receive for buying GOLD is LBMA + 5%, selling - LBMA + 2%. Therefore the way fiat => GOLD => fiat will be 3%.

With regards,
team GOLDMINT

I like the project.,good luck team

some people may wonder if they can exchange the gold token with the real gold bars. how are you going to explain this?

how can i buy gold?

will there be any auditing of goldmint assets?

WooW! That's what I call the naturalization of the crypto currency. Good luck!

I do not see much difference with a plain gold EFF, except that gold jewelry and coins are worth  less than a standard monetary bullion.

Differences  between  Goldmint  and  other gold  cryptocurrency  blockchains include the following: 

1) Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions. 
2) Goldmint uses Proof-of-Stake where miners are doled blocks/ transactions according  to the amount of MNT they have. Proof of stake (PoS) is faster, simpler and cheaper than proof of work (PoW).
3) Physical gold and ETFs are stored in a programmed decentralized storage unit.
4) Custody Bot  -  Goldmint’s  innovative storage unit is programmed to automatically identify and store gold jewelry, small ingots (up to 100 grams) and coins without human intervention.

Excellent presentation guys and innovative approach. What are the differences bw you and other crypto gold icos?

Greetings!


An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.


GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.


The average fee for storing physical gold is 0,25% from its estimated value a year.

With regards,
team GOLDMINT

I support this project!

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)

where does goldmint store its physical gold and which etfs back gold cryptoassets?

what is an etf and how can it back gold?

How to invest in your project?