Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 192. (Read 169030 times)
What are the commissions for transactions in gold?
Will there be any auditing of goldmint assets?
Why can custody bot automate gold valuables assessment?
Greetings!
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.
Trust management occurs when investors send their GOLD to GoldMint and the company uses these assets for P2P loans or for buying physical gold (e.g., for goldfield development).
MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.
With regards,
team GOLDMINT
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.
What is trust management?
Trust management occurs when investors send their GOLD to GoldMint and the company uses these assets for P2P loans or for buying physical gold (e.g., for goldfield development).
How do they work?
MNT is used as a stake within the PoS (Proof-of-Stake) consensus algorithm. Namely, the more MNT the miner holds, the more blocks he can validate and add to the chain.
With regards,
team GOLDMINT
Don't forget to get listed on all exchanges
_______________________________________________________________
This article tells you everything you need to know about our upcoming ICO.
Including details about our GOLD asset, MNTP & MNT tokens, the ICO bonus scale and more.
Now is your chance to invest in digital gold!
LINK
_______________________________________________________________
This article tells you everything you need to know about our upcoming ICO.
Including details about our GOLD asset, MNTP & MNT tokens, the ICO bonus scale and more.
Now is your chance to invest in digital gold!
LINK
_______________________________________________________________
How do they work?
What is trust management?
How do i get the money loaned?
Found a really nice article about GOLDMINT in on a german crypto news page. Looks like an interesting project. Its there still a active signature campaign?
Greetings!
Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold.
Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. 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 ).
MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.
With regards,
team GOLDMINT
What is custody bot?
Custody Bot is GoldMint's unique device. It is programmed for temporary holding, inspection, long-term storing and conveying of gold jewelry, coins or gold.
What are the commissions for transactions in gold?
Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. 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 ).
What are MNT tokens?
MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.
With regards,
team GOLDMINT
What are MNT tokens?
What are the commissions for transactions in gold?
What is custody bot?
Finally, thank you. Now I'll check announcement threads more
destruct,
Is it going to be Proof-of-stake or Delegated-proof-of-stake?
Is it going to be Proof-of-stake or Delegated-proof-of-stake?
Greetings!
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.
The gold we use to back GOLD digital assets is all insured.
The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.
With regards,
team GOLDMINT
Where does goldmint store its physical Gold and which etfs back gold cryptoassets?
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.
If the Gold is damaged or stolen, who will take responsibility for?
The gold we use to back GOLD digital assets is all insured.
What is the limit of the loan?
The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.
With regards,
team GOLDMINT
sorry, to complicated and fishy for me
What is the limit of the loan?
If the Gold is damaged or stolen, who will take responsibility for?
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