Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 183. (Read 169030 times)

It sound quite interesting. I have heared Goldmint on ICObench, it has a high score and is one of top projects on this website reviews ICOs. But I think the target value of Goldmint quite vague, because 1 GOLDMINT = 1 oz of Gold is very high price while total supply tokens of this project also quite big.

How is it burned?

There was something written about API? What is about?

Which rights does mnt provide its holders with?

Greetings!




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




The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.




The internal MNT token does not give rights to participate in company management of GoldMint and is not a share.

MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold.

This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not.


With regards,
team GOLDMINT

Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?

What is the limit of the loan?

Do gold commissions depend on the country/citizenship?

very frustrating indeed , need this coin to be like jesus and rise from the dead

Greetings!


All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.


An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.


GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.

With regards,
team GOLDMINT

where does goldmint store its physical gold and which etfs back gold cryptoassets?

Very interesting project, could become one of the biggest ICOs of 2017 in my humble opinion. All the best, looking forward to participating in the crowdfunding

what is an etf and how can it back gold?

how is the gold asset backed by gold?

Greetings!


ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)).

Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. 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 ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD.


GOLD  is  a  crypto  asset  issued  by  GoldMint  that  uses  the  current  price  of  gold  set  on  the LBMA exchange   at the time of sale. 

                        ●   Equal to one ounce (31,1035 grams) of gold (999 quality) 
                        ●   Shards into 100,000 parts. 
                        ●   Commissions are given in GOLD.

Information  is  transmitted  to  the  blockchain  ledger  about the number  of  ounces  of physical 

gold or ETFs owned by GoldMint. ETF is bought on  he  stock exchange NYSE, Arca​ and subsequent  information  is publicized on GoldMint’s decentralized blockchain, making  it   transparent  and open to all members. Statements are received from the depositary (electronic or printed). 

All physical gold owned by GoldMint exists in the following forms: 

               a.   Manufacturer-certified bullions   
               b.    Gold coins 
               c.   Gold jewelry 
               d.   999 quality granules, stamped by manufacturer


GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)

With regards,
team GOLDMINT

2017 will be the year of Goldmint

what is gold?

How GOLD is connected with real gold?

What is ETF?