Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 162. (Read 169030 times)
Finally, thank you. Now I'll check announcement threads more
Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?
Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.
Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?
Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Pretty obvious you are only interested in answering the same basic shill questions now to build up the number of pages here to try to create the illusion of interest in the project. These shill questions that are filling the pages are horrible though, you should really adjust the script away from such basic questions as "what do you hope to achieve in the project" over and over and over. This thread is just shills and spam if anyone actually digs into it.Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.
Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?
Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Greetings!
Concluding all above said. Our founders decided to increase cryptocurrencies turnover and bring other benefits out of physical gold by developing custody bots.
With regards
team GOLDMINT
Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?
Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.
Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?
Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Pretty obvious you are only interested in answering the same basic shill questions now to build up the number of pages here to try to create the illusion of interest in the project. These shill questions that are filling the pages are horrible though, you should really adjust the script away from such basic questions as "what do you hope to achieve in the project" over and over and over. This thread is just shills and spam if anyone actually digs into it. Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.
Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?
Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Greetings!
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.
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
What happens in case the loan is not repaid?
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
How is my income calculated? (provide an example here as well)
The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.
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
crypto is crypto Why do you always combine them? now it does not look very attractive ,, which is actually seen by people in bitcointalk.
This looks very worth watching.
Seriously.
Seriously.
Who is your target audience?
How is my income calculated? (provide an example here as well)
What happens in case the loan is not repaid?
_______________________________________________________________
We are excited to present at the Blockchain and Bitcoin Conference in Almaty on the 27th of September.
The conference will analyze the current condition of Fintech and Govtech sectors, banking systems as well as their development prospects.
Follow this link if you are interested in attending:
_______________________________________________________________
We are excited to present at the Blockchain and Bitcoin Conference in Almaty on the 27th of September.
The conference will analyze the current condition of Fintech and Govtech sectors, banking systems as well as their development prospects.
Follow this link if you are interested in attending:
_______________________________________________________________
Greetings!
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.
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.
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.
With regards,
team GOLDMINT
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.
How can MNT tokens be purchased?
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.
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.
With regards,
team GOLDMINT
How will be distributed tokens during ICO event?
How can MNT tokens be purchased?
nice work
What do you want to gain with your project?
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.
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.
We can't guarantee a fast profit to our investors right after our first appearance on exchanges. We guarantee their profit after the development of the product.
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.
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.
Any gauranteed coin won't be dumped when it reaches exchanges?
We can't guarantee a fast profit to our investors right after our first appearance on exchanges. We guarantee their profit after the development of the product.
With regards,
team GOLDMINT
Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?
Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.
Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?
Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.
Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?
Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Any gauranteed coin won't be dumped when it reaches exchanges?
How was the idea of GoldMint conceived?
How will be distributed tokens during ICO event?
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