Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 146. (Read 169030 times)
2017 will be the year of Goldmint
Greetings!
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
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.
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.
With regards,
team GOLDMINT
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
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 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.
With regards,
team GOLDMINT
Why don't you use ETH blockchain?
The ETH blockchain lately are having problems. At time there is too much traffic also due to many coins already under its network. I actually prefer NEM or maybe Ethereum Classic or better to create another blockchain since Goldmint seems to have solid community and supporters.
What is the use of API implementation?
Why don't you use ETH blockchain?
How Custody Bot will be linked to a blockchain?
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.
Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform
With regards,
team GOLDMINT
What can i do with GOLD assets?
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.
How is gold emitted?
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.
What other projects run on graphene?
Graphene also allows its users other platforms that include:Openledger - exchange Rudex - exchange Satoshi.fund - fund Hubdsp - DSP platform Peerplays - betting platform Steemit / Golos.io - news platform
With regards,
team GOLDMINT
What other projects run on graphene?
How is gold emitted?
What can i do with GOLD assets?
Greetings!
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
The miner can buy more from from other miners on the network.
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
Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
What are MNTP tokens?
The miner can buy more from from other miners on the network.
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%.
With regards,
team GOLDMINT
Russian?
Then good luck russsian team!
Then good luck russsian team!
okay not too bad to look at the project on this thread of course in this case I still need to see more about goldmint how it would be great in the future
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.
Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
What are MNTP tokens?
Greetings!
Graphene blockchain is faster, cheaper and providing more financing API features.
Our differences are: development of physical gold custody bots, GOLD tokens guaranteed buyback, tangible real-time experience in physical gold business.
All gold gold will be insured. Moreover, none of our custody bots we'll be placed in pawnshops and banks being not security ensured.
With regards,
team GOLDMINT
How is graphene different from standard ERC20? Benefits?
Graphene blockchain is faster, cheaper and providing more financing API features.
Excellent presentation guys and innovative approach. What are the differences bw you and other crypto gold icos?
Our differences are: development of physical gold custody bots, GOLD tokens guaranteed buyback, tangible real-time experience in physical gold business.
What happens if gold is stolen from the vault? Is there any insurance for investors against such options? The question looks ridiculous - but this situation can also be.
All gold gold will be insured. Moreover, none of our custody bots we'll be placed in pawnshops and banks being not security ensured.
With regards,
team GOLDMINT
Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?
Interesting, i will be watching this project
Best of luck
Best of luck
Greetings!
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.
Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions.
The miner can buy more from from other miners on the network.
With regards,
team GOLDMINT
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.
Which data will be stored on grapheme blockchain ?
Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions.
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
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