Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 133. (Read 169030 times)
How physical gold will be stored?
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Everything there is to know about Custody Bot as of this day, you can read about in this article!
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Everything there is to know about Custody Bot as of this day, you can read about in this article!
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Greetings!
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%.
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.
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.
With regards,
team GOLDMINT
Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
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%.
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 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.
With regards,
team GOLDMINT
How does custody bot evaluate the assets?
What is the key idea of the project?
Looking good. Got my eye in this. What will happen to the classic chain.
Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
Greetings!
Custody Bot can replace pawnshops as it is more transparent and almost totally automated.
After you’ve done the KYC process, you enter your gold commodities in the Custody Bot, which inspects the items and determines how much fiat or crypto currency you get. You can, also, receive a credit card through a partner bank. The limit of that card will correspond to the value of your stored gold.
Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ).
With regards,
team GOLDMINT
Why can custody bot automate gold valuables assessment?
Custody Bot can replace pawnshops as it is more transparent and almost totally automated.
Will there be any auditing of goldmint assets?
After you’ve done the KYC process, you enter your gold commodities in the Custody Bot, which inspects the items and determines how much fiat or crypto currency you get. You can, also, receive a credit card through a partner bank. The limit of that card will correspond to the value of your stored gold.
What are the commissions for transactions in gold?
Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ).
With regards,
team GOLDMINT
I like the project.,good luck team
What are the commissions for transactions in gold?
Will there be any auditing of goldmint assets?
Why can custody bot automate gold valuables assessment?
Greetings!
Goldmint is fortunate to have experienced financial market experts. Without them, the realization of Goldmint would not have been possible.
GoldMint project is supported by:
Igor Ryabenkiy https://facebook.com/igor.ryabenkiy
Serge Umansky https://medium.com/@inchain/real-business-people-believe-in-blockchain-5cc5f50d213f
Oleg Seydak https://facebook.com/oseydak
Alex Butmanov https://facebook.com/profile.php?id=100012237450995
Eugeniy Ezhov https://facebook.com/Ezhov.home
Alexey Antonov https://facebook.com/auantonov
Alexey Chuykin https://facebook.com/alexey.chuykin
Kirill Zhukov https://facebook.com/kirill.zhukov.spb
Julian L. Zegelman https://facebook.com/jzegelman
Igor Lemh https://facebook.com/lemhk.igor
Alexey Lazutin https://facebook.com/alazutin
Andrey Zhyrnih https://facebook.com/andreyzhirnykh
Segle Lonshakov https://facebook.com/EnsRationis2020
We plan to start our ICO on September 20th, 2017. After that we are going to develop our blockchain. Next spring we are going to put GOLD in rotation. Around next autumn Custody Bot will be released and we will get on american exchanges since our token is not a securities.
The idea of GoldMint reached Dmitry Pluschevsky's mind when he worked as a director of a venture fund in Russia and was looking for niches for a new business.
With regards,
team GOLDMINT
got my attention from those people inside the list I guess the future of this coin relied on how those people handle the job, good luck to you devWhere can I find your advisors?
Goldmint is fortunate to have experienced financial market experts. Without them, the realization of Goldmint would not have been possible.
GoldMint project is supported by:
Igor Ryabenkiy https://facebook.com/igor.ryabenkiy
Serge Umansky https://medium.com/@inchain/real-business-people-believe-in-blockchain-5cc5f50d213f
Oleg Seydak https://facebook.com/oseydak
Alex Butmanov https://facebook.com/profile.php?id=100012237450995
Eugeniy Ezhov https://facebook.com/Ezhov.home
Alexey Antonov https://facebook.com/auantonov
Alexey Chuykin https://facebook.com/alexey.chuykin
Kirill Zhukov https://facebook.com/kirill.zhukov.spb
Julian L. Zegelman https://facebook.com/jzegelman
Igor Lemh https://facebook.com/lemhk.igor
Alexey Lazutin https://facebook.com/alazutin
Andrey Zhyrnih https://facebook.com/andreyzhirnykh
Segle Lonshakov https://facebook.com/EnsRationis2020
Clarify the roadmap for your investors
We plan to start our ICO on September 20th, 2017. After that we are going to develop our blockchain. Next spring we are going to put GOLD in rotation. Around next autumn Custody Bot will be released and we will get on american exchanges since our token is not a securities.
How was the idea of GoldMint conceived?
The idea of GoldMint reached Dmitry Pluschevsky's mind when he worked as a director of a venture fund in Russia and was looking for niches for a new business.
With regards,
team GOLDMINT
and those people who's helping you may all the plan for this project succeed.
Greetings!
Goldmint is fortunate to have experienced financial market experts. Without them, the realization of Goldmint would not have been possible.
GoldMint project is supported by:
Igor Ryabenkiy https://facebook.com/igor.ryabenkiy
Serge Umansky https://medium.com/@inchain/real-business-people-believe-in-blockchain-5cc5f50d213f
Oleg Seydak https://facebook.com/oseydak
Alex Butmanov https://facebook.com/profile.php?id=100012237450995
Eugeniy Ezhov https://facebook.com/Ezhov.home
Alexey Antonov https://facebook.com/auantonov
Alexey Chuykin https://facebook.com/alexey.chuykin
Kirill Zhukov https://facebook.com/kirill.zhukov.spb
Julian L. Zegelman https://facebook.com/jzegelman
Igor Lemh https://facebook.com/lemhk.igor
Alexey Lazutin https://facebook.com/alazutin
Andrey Zhyrnih https://facebook.com/andreyzhirnykh
Segle Lonshakov https://facebook.com/EnsRationis2020
We plan to start our ICO on September 20th, 2017. After that we are going to develop our blockchain. Next spring we are going to put GOLD in rotation. Around next autumn Custody Bot will be released and we will get on american exchanges since our token is not a securities.
The idea of GoldMint reached Dmitry Pluschevsky's mind when he worked as a director of a venture fund in Russia and was looking for niches for a new business.
With regards,
team GOLDMINT
Where can I find your advisors?
Goldmint is fortunate to have experienced financial market experts. Without them, the realization of Goldmint would not have been possible.
GoldMint project is supported by:
Igor Ryabenkiy https://facebook.com/igor.ryabenkiy
Serge Umansky https://medium.com/@inchain/real-business-people-believe-in-blockchain-5cc5f50d213f
Oleg Seydak https://facebook.com/oseydak
Alex Butmanov https://facebook.com/profile.php?id=100012237450995
Eugeniy Ezhov https://facebook.com/Ezhov.home
Alexey Antonov https://facebook.com/auantonov
Alexey Chuykin https://facebook.com/alexey.chuykin
Kirill Zhukov https://facebook.com/kirill.zhukov.spb
Julian L. Zegelman https://facebook.com/jzegelman
Igor Lemh https://facebook.com/lemhk.igor
Alexey Lazutin https://facebook.com/alazutin
Andrey Zhyrnih https://facebook.com/andreyzhirnykh
Segle Lonshakov https://facebook.com/EnsRationis2020
Clarify the roadmap for your investors
We plan to start our ICO on September 20th, 2017. After that we are going to develop our blockchain. Next spring we are going to put GOLD in rotation. Around next autumn Custody Bot will be released and we will get on american exchanges since our token is not a securities.
How was the idea of GoldMint conceived?
The idea of GoldMint reached Dmitry Pluschevsky's mind when he worked as a director of a venture fund in Russia and was looking for niches for a new business.
With regards,
team GOLDMINT
Need more information please
I have ever seen many projects like GOLDMINT,so what's the diffirence between GOLDMINT to the others,if you have already reached your soft cap?
How was the idea of GoldMint conceived?
Clarify the roadmap for your investors
Where can I find your advisors?
Greetings!
All members who have GOLD receive GoldMint Partner banks credit cards that are aligned with VISA and MasterCard systems. GoldMint plans to create a special bank card called Bogatstvo for prominent pawnshops like Blago and Fianit.
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
Crypto traders – These participants can use GOLD for hedging cryptocurrency volatility, as described in the white paper. GOLD can also be used to convert cryptocurrency into fiat.
Standard investors – These investors may want to buy GOLD as cryptocurrency or as a type of security.
E-commerce and self-employed individuals – GOLD can be used to pay for goods and services. Its low volatility asset and predictability make it an invaluable form of currency.
Banks – GOLD cryptoassets gives banks new opportunities. There’s free liquidity and extra earning potential from trading gold into fiat and the reverse. Cryptocurrency has become a massive industry. Banks can profit from earning standard commissions, commissions on gold storage, and from using the GoldMint cash management system. At the same time, banks that invest in GOLD reinforce GOLD’s reputation, which increases their profit. Banks also earn commission from participating in the GoldMint partner program.
Today the cryptocurrency overall circulation has achieved more than $700 billion a year and the commissions for deposit and withdrawal are more than 5%.
In case the bank sets lower commissions for GOLD buy/sell for a client, most transactions (cryprocurrency deposit and withdrawal) will switch from underground exchanges to the banks. At the same time the integration with GOLD only is necessary, while all the other cryptocurrencies can be purchased on a cryptoexchange directly. Banks also have revenues from cash management and commission charging for gold storing owned by GoldMint company. Still one more source of income for banks is the revenue from the partner program which includes adding GOLD digital asset to the product line of the bank’s department of Wealth Management.
With regards,
team GOLDMINT
which credit cards are emitted?
All members who have GOLD receive GoldMint Partner banks credit cards that are aligned with VISA and MasterCard systems. GoldMint plans to create a special bank card called Bogatstvo for prominent pawnshops like Blago and Fianit.
what happens in case the loan is not repaid?
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
Who is your target audience?
Crypto traders – These participants can use GOLD for hedging cryptocurrency volatility, as described in the white paper. GOLD can also be used to convert cryptocurrency into fiat.
Standard investors – These investors may want to buy GOLD as cryptocurrency or as a type of security.
E-commerce and self-employed individuals – GOLD can be used to pay for goods and services. Its low volatility asset and predictability make it an invaluable form of currency.
Banks – GOLD cryptoassets gives banks new opportunities. There’s free liquidity and extra earning potential from trading gold into fiat and the reverse. Cryptocurrency has become a massive industry. Banks can profit from earning standard commissions, commissions on gold storage, and from using the GoldMint cash management system. At the same time, banks that invest in GOLD reinforce GOLD’s reputation, which increases their profit. Banks also earn commission from participating in the GoldMint partner program.
Today the cryptocurrency overall circulation has achieved more than $700 billion a year and the commissions for deposit and withdrawal are more than 5%.
In case the bank sets lower commissions for GOLD buy/sell for a client, most transactions (cryprocurrency deposit and withdrawal) will switch from underground exchanges to the banks. At the same time the integration with GOLD only is necessary, while all the other cryptocurrencies can be purchased on a cryptoexchange directly. Banks also have revenues from cash management and commission charging for gold storing owned by GoldMint company. Still one more source of income for banks is the revenue from the partner program which includes adding GOLD digital asset to the product line of the bank’s department of Wealth Management.
With regards,
team GOLDMINT
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