⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 166.

Makka

sr. member

Activity: 594

Merit: 253

Quote from: destruct on September 25, 2017, 04:31:55 AM

Greetings!

Quote from: getwork on September 25, 2017, 04:02:25 AM

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.

Quote from: chaolang on September 25, 2017, 04:10:55 AM

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.

Quote from: TomKoinify on September 25, 2017, 04:23:50 AM

How do i get the money loaned?

GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.

With regards,
team GOLDMINT

I think this is the first gold related investment using blockchain. No wonder this already got 82 pages. I also read before Xaurum as gold related but didn't really check if they have their own blockchain.

Kracko

sr. member

Activity: 456

Merit: 250

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

strideynet

sr. member

Activity: 412

Merit: 250

Which other elements does the goldmint infrastructure include?

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

Greetings!

Quote from: getwork on September 25, 2017, 04:02:25 AM

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.

Quote from: chaolang on September 25, 2017, 04:10:55 AM

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.

Quote from: TomKoinify on September 25, 2017, 04:23:50 AM

How do i get the money loaned?

GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint application. The rate of the loan is established at the time of giving and remains fixed through the loan period. Applicants needs to consent to GoldMint loan terms to receive the loan.Applicant is given various options for repaying loan amount and for mode of repayment. If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.

With regards,
team GOLDMINT

TomKoinify

sr. member

Activity: 364

Merit: 250

How do i get the money loaned?

chaolang

full member

Activity: 308

Merit: 100

How is gold emitted?

getwork

sr. member

Activity: 321

Merit: 250

What is the key idea of the project?

makemebeat

full member

Activity: 308

Merit: 100

very interested ,but want to know more details.

Abitcoinfuture

sr. member

Activity: 386

Merit: 250

I see goldmint going
Over 1 billion

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

Greetings!

Quote from: goodluck0319 on September 25, 2017, 03:21:17 AM

What exchanges should we expect? I need liquidity on my investments.

We meet all the requirements of SEC regulations and our tokens can't be determined as securities.
The final decision of listing us on exchanges lays upon exchanges their self.
According to all this we will start listing negotiations right after our ICO.
The first exchanges to list tokens are usually Liqui, YoBit, Tidex, HitBTC.

Quote from: strideynet on September 25, 2017, 03:26:54 AM

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.

Quote from: chaolang on September 25, 2017, 03:32:52 AM

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

chaolang

full member

Activity: 308

Merit: 100

Any gauranteed coin won't be dumped when it reaches exchanges ?

strideynet

sr. member

Activity: 412

Merit: 250

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?

goodluck0319

sr. member

Activity: 420

Merit: 250

What exchanges should we expect? I need liquidity on my investments.

getwork

sr. member

Activity: 321

Merit: 250

I like the project.,good luck team

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

Greetings!

Quote from: atariguy on September 25, 2017, 02:45:14 AM

how can icos find gold profitable?

For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

Quote from: florianuhlemann on September 25, 2017, 02:57:27 AM

if the gold is damaged or stolen, who will take responsibility for?

The gold we use to back GOLD digital assets is all insured.

Quote from: hometester on September 25, 2017, 03:03:09 AM

How can it be both backed by real gold and run on blockchain?

A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.

With regards,
team GOLDMINT

hometester

sr. member

Activity: 423

Merit: 250

How can it be both backed by real gold and run on blockchain?

florianuhlemann

full member

Activity: 378

Merit: 100

if the gold is damaged or stolen, who will take responsibility for?

Itcher

full member

Activity: 364

Merit: 100

I support this project!

atariguy

full member

Activity: 364

Merit: 100

how can icos find gold profitable?

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

Greetings!

Quote from: Kracko on September 25, 2017, 02:15:09 AM

do gold commissions depend on the country/citizenship?

No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.

Quote from: mika1977 on September 25, 2017, 02:21:42 AM

how is it burned?

GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.

Quote from: kenel on September 25, 2017, 02:33:53 AM

how can gold help me hedging risks on the cryptocurrency market?

The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction.

With regards,
team GOLDMINT

Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 166. (Read 169030 times)