Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 179. (Read 169030 times)
the step seem a little complexed//// but worth to get!
What are the price expectations? After a month? After a year?
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.
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.
MNTP tokens can be found on the Ethereum blockchain.
● Initial emission of MNTP is conducted using the ERC20 interface.
● GoldMint’s blockchain, using the Graphene platform gor GOLD and MNT tokens will be launched after.
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.
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.
I see MNTP and MNT tokens here. What's the difference?
MNTP tokens can be found on the Ethereum blockchain.
● Initial emission of MNTP is conducted using the ERC20 interface.
● GoldMint’s blockchain, using the Graphene platform gor GOLD and MNT tokens will be launched after.
With regards,
team GOLDMINT
too complicated for most of people.. I think
I see MNTP and MNT tokens here. What's the difference?
Any gauranteed coin won't be dumped when it reaches exchanges ?
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?
Greetings!
The gold we use to back GOLD digital assets is all insured.
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.
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.
With regards,
team GOLDMINT
if the gold is damaged or stolen, who will take responsibility for?
The gold we use to back GOLD digital assets is all insured.
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.
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.
With regards,
team GOLDMINT
What exchanges should we expect? I need liquidity on my investments.
This looks very worth watching.
Seriously.
Seriously.
How can it be both backed by real gold and run on blockchain?
if the gold is damaged or stolen, who will take responsibility for?
Greetings!
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.
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.
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.
With regards,
team GOLDMINT
how is it burned?
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.
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.
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.
With regards,
team GOLDMINT
how can icos find gold profitable?
as a trader only i dont give a shit.
how can gold help me hedging risks on the cryptocurrency market?
how is it burned?
Hi everybody,
Portuguese ANN thread has been updated with all 59 news fully translated to Portuguese!
You can access thread here:https://bitcointalk.org/index.php?topic=2164525.msg21678486#msg21678486
Portuguese ANN thread has been updated with all 59 news fully translated to Portuguese!
You can access thread here:https://bitcointalk.org/index.php?topic=2164525.msg21678486#msg21678486
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High-Tech Gold Vending Machines
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Quick History of Vending Machines
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Different Types of Vending Machines
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Gold Vending Machines
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A Game Changer
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The State of Pawning Affairs
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Wrap Up
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High-Tech Gold Vending Machines
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Convenience has driven human innovation since the dawn of time. Technology only furthers the desire to make our lives easier, and vending machines play an important role in catering to that.
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Quick History of Vending Machines
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Vending machines have existed since the Roman Empire. The first such instance was a holy water dispenser, allowing users to insert a coin and receive the sacred liquid. Modern vending machines, though, came about in the late 1880s, in England. Vending machines, of course, are popular because of their extreme convenience, and ability for you to complete transactions without human interaction.
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Different Types of Vending Machines
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When you say the word “vending machine”, a little box offering food or drinks often comes to mind. But, there are tons of other types of vending machines out there, varying from weird, to “I-wish-I’d-thought-of-that” type of brilliant.
Many zoos and museums have something called a “Mold-a-Rama”. This type of vending machine works by having the user select the type of figurine they’d like, often in the shape of animals or artifacts. From there, the machine makes the selected blow-molded plastic figurine. Once completed, it spits out the model, still hot from the press.
Japan is well-known for their quirky, atypical trends. Animals and animal costumes are no exception, in their love of going out-of-the box. So, it should come as no surprise that Tokyo offers vending machines for dog wigs and hats. Open 24-hours a day, they’re available to fix any pet apparel emergency.
The 90s brought about widespread changes, with regard to medical marijuana, which caused a huge spike in the cannabis innovation industry. It’s not shocking that a vending machine and MMJ were fused. First available in California, Colorado, and Canada, these machines were placed inside of regulated dispensaries, making the lives of card holders and budtenders alike much easier.
While these off-the-wall ideas are innovative, it begs the question, to what extent can vending machines truly improve our lives? Answer: significantly — and in more ways than you could ever imagine.
Many zoos and museums have something called a “Mold-a-Rama”. This type of vending machine works by having the user select the type of figurine they’d like, often in the shape of animals or artifacts. From there, the machine makes the selected blow-molded plastic figurine. Once completed, it spits out the model, still hot from the press.
Japan is well-known for their quirky, atypical trends. Animals and animal costumes are no exception, in their love of going out-of-the box. So, it should come as no surprise that Tokyo offers vending machines for dog wigs and hats. Open 24-hours a day, they’re available to fix any pet apparel emergency.
The 90s brought about widespread changes, with regard to medical marijuana, which caused a huge spike in the cannabis innovation industry. It’s not shocking that a vending machine and MMJ were fused. First available in California, Colorado, and Canada, these machines were placed inside of regulated dispensaries, making the lives of card holders and budtenders alike much easier.
While these off-the-wall ideas are innovative, it begs the question, to what extent can vending machines truly improve our lives? Answer: significantly — and in more ways than you could ever imagine.
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Gold Vending Machines
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Now, a gold vending machine isn’t an entirely new concept in and of itself. In fact, Westfield Mall located in west London, has been home to a gold vending machine (aptly named Gold to Go) for a number of years. Unassuming, yet it holds a booming presence because of the psychological draw — purchasing gold from a vending machine is novel, yet an increasingly smart investment.
Because gold does fluctuate, Gold to Go updates prices every 10 minutes, to ensure users are purchasing at an accurate market price. You can purchase in one g, 2.5 g, five g, and quarter-ounce sizes…all the way up to a 250 g bar. While exceedingly awesome in concept, there’s so much more that can be done with a gold vending machine, than solely dispensing gold.
Because gold does fluctuate, Gold to Go updates prices every 10 minutes, to ensure users are purchasing at an accurate market price. You can purchase in one g, 2.5 g, five g, and quarter-ounce sizes…all the way up to a 250 g bar. While exceedingly awesome in concept, there’s so much more that can be done with a gold vending machine, than solely dispensing gold.
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A Game Changer
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That’s where Custody Bot steps in. GoldMint is a blockchain-based company involved with tokenized cryptoassets — specifically gold. Their proprietary vending machine, Custody Bot, allows people to appraise, store, receive, and deliver gold, without having to interact with human beings.
Custody bot prototype is attached to the public blockchain, Ethereum, and works as a mediator. Moving forward, it will be associated with GoldMint’s custom blockchain, based on Graphene technology. Essentially, when someone initiates an action in the vending machine, a smart contract forms between the buyer and the owner of the machine (known as a creditor). Custody Bot audits and verifies the collateral, and spits out a unique identifier code for each item stored, recording the action accordingly on the blockchain.
Once someone places jewelry in the machine, it’s stored in a safe cell. From there, it conducts a spectrometer analysis of the gold, then hydrostatically weighs the gold. In other words, it’s weighed once in air and once in liquid. It then transfers data to secure computer in the machine, where it either approves or disapproves of the gold. If approved, the value is determined, and it spits out the aforementioned unique identifier code. If disapproved, it’s returned to the owner. While this concept is great for individuals, it is pawn shops who are extremely excited about gold vending machines.
Custody bot prototype is attached to the public blockchain, Ethereum, and works as a mediator. Moving forward, it will be associated with GoldMint’s custom blockchain, based on Graphene technology. Essentially, when someone initiates an action in the vending machine, a smart contract forms between the buyer and the owner of the machine (known as a creditor). Custody Bot audits and verifies the collateral, and spits out a unique identifier code for each item stored, recording the action accordingly on the blockchain.
Once someone places jewelry in the machine, it’s stored in a safe cell. From there, it conducts a spectrometer analysis of the gold, then hydrostatically weighs the gold. In other words, it’s weighed once in air and once in liquid. It then transfers data to secure computer in the machine, where it either approves or disapproves of the gold. If approved, the value is determined, and it spits out the aforementioned unique identifier code. If disapproved, it’s returned to the owner. While this concept is great for individuals, it is pawn shops who are extremely excited about gold vending machines.
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The State of Pawning Affairs
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Currently, the pawn industry is riddled with issues. As previously mentioned, wiring payments across borders is costly. Unclaimed pledges are a common issue, as well. Also known as pawns, these are items that have been handed over as collateral for a loan, only to be forgotten. And, because pawn shops exist worldwide, there’s truly no set standard for industry regulations.
Russia, Spain, and the UK house large pawn shop networks. Russia’s industry boasts around $1 Billion in its current asset portfolio. Spain rings in around $3 Billion. The UK, though, takes the cake at £6 Billion pounds. To say the pawn industry is gigantic would be an understatement.
Custody Bot solves many of the issues that plague pawn shops. It allows for gold to be recorded on the blockchain. With this information, pawn shops know exactly how much is in their portfolio, and to whom it belongs. Moreover, lending becomes much cheaper, thanks to the removal of expensive wire transfer fees. And, because pawn shops across the world can lend, trade, and sell with Custody Bot, a set of regulations and standards is easy to implement, given the extreme transparency and connectivity.
Russia, Spain, and the UK house large pawn shop networks. Russia’s industry boasts around $1 Billion in its current asset portfolio. Spain rings in around $3 Billion. The UK, though, takes the cake at £6 Billion pounds. To say the pawn industry is gigantic would be an understatement.
Custody Bot solves many of the issues that plague pawn shops. It allows for gold to be recorded on the blockchain. With this information, pawn shops know exactly how much is in their portfolio, and to whom it belongs. Moreover, lending becomes much cheaper, thanks to the removal of expensive wire transfer fees. And, because pawn shops across the world can lend, trade, and sell with Custody Bot, a set of regulations and standards is easy to implement, given the extreme transparency and connectivity.
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Wrap Up
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While vending machines have been around for millennia, they’re still a useful tool when paired with today’s advanced technology. Because gold is considered a stable investment, it’s often used as collateral for a loan, especially by pawn shops. Many issues plague the pawn industry, but Custody Bot and other gold vending machines are a revolutionary take on the old technology, by abolishing international borders, and bringing in a new era of pawning. The future of pawn shops has arrived.
Greetings!
Our ethereum blockchain usage is just a temporary solution. After the launch of our own Graphene based blockchain we will transfer all ERC20 kind MNTP tokens to MNT. Our custom-tailored blockchain will contain GOLD and MNT tokens only with its own wallet implemented.
I am trying to wrap my head around the concept you described:
- 'GOLD' is a digital asset emitted by GoldMint’s custom-built blockchain platform.
- 'MNT' Token is what participants of this ICO is purchasing.
1) What is the relationship between 'Gold' and MNT Tokens?
2) How does holders of MNT Tokens in an exchange (eg, Hitbtc) collect the 75% of commissions from GoldMint Blockchain you mentioned?
The project does sounds like a keeper, hope it is a success!
We are going to develop a graphene blockchain containing two tokens: GOLD and MNT(MNTP). MNTP token are 7$ each and now available for sale here. MNTP tokens are not gold-backed but they bring profits to the holder by verifying transaction blocks according to tokens stake held. GOLD tokens are backed by a gold ounce each with an equal price. These will get issued in 2018 only after our blockchain launch.
MNT token holders can get profits by holding tokens on our implemented wallet only.
Our MNT tokens pass Howey Test. We meet all the requirements of SEC regulations and can't be determined as securities. We can provide you more details such as a compliance review but only in our telegram chat: https://t.me/goldmintio
With regards,
team GOLDMINT
Will this be ethereum based token or you guys will create a different wallet in order to store the GOLDMINT tokens?
Our ethereum blockchain usage is just a temporary solution. After the launch of our own Graphene based blockchain we will transfer all ERC20 kind MNTP tokens to MNT. Our custom-tailored blockchain will contain GOLD and MNT tokens only with its own wallet implemented.
I am trying to wrap my head around the concept you described:
- 'GOLD' is a digital asset emitted by GoldMint’s custom-built blockchain platform.
- 'MNT' Token is what participants of this ICO is purchasing.
1) What is the relationship between 'Gold' and MNT Tokens?
2) How does holders of MNT Tokens in an exchange (eg, Hitbtc) collect the 75% of commissions from GoldMint Blockchain you mentioned?
The project does sounds like a keeper, hope it is a success!
We are going to develop a graphene blockchain containing two tokens: GOLD and MNT(MNTP). MNTP token are 7$ each and now available for sale here. MNTP tokens are not gold-backed but they bring profits to the holder by verifying transaction blocks according to tokens stake held. GOLD tokens are backed by a gold ounce each with an equal price. These will get issued in 2018 only after our blockchain launch.
MNT token holders can get profits by holding tokens on our implemented wallet only.
Have you passed the Howey test? You promise to "buy back" tokens at markets price it seems like a security token.
What exchanges will list your token?
What exchanges will list your token?
Our MNT tokens pass Howey Test. We meet all the requirements of SEC regulations and can't be determined as securities. We can provide you more details such as a compliance review but only in our telegram chat: https://t.me/goldmintio
With regards,
team GOLDMINT
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