Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 197. (Read 169030 times)
How does custody bot evaluate the assets?
What is the key idea of the project?
Looking good. Got my eye in this. What will happen to the classic chain.
Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
Greetings!
Gold jewelry, small ingots (up to 100 grams) and coins.
MNT token does not imply rights to participate in company management of GoldMint and is not a share.
Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives.
With regards,
team GOLDMINT
Which assets can be deposited to the custody bot?
Gold jewelry, small ingots (up to 100 grams) and coins.
Does mnt act like a goldmint share?
MNT token does not imply rights to participate in company management of GoldMint and is not a share.
What are some of the GOLD applications?
Custody Bot stores the user’s GOLD and/ or gold jewellery, coins and other other gold items as collateral and simply to protect them. It also serves as the conduit for inspecting the gold, therefore determining how much GOLD the user receives.
With regards,
team GOLDMINT
Im seriously bloody impressed!
Its just beyond my mental capacity to understand
Its just beyond my mental capacity to understand
What are some of the GOLD applications?
Does mnt act like a goldmint share?
Which assets can be deposited to the custody bot?
Greetings!
Thank you for the article! We'll share it in all our social channels if possible.
I see one of them website under maintenance. Another one has really different concept.
Not an ultracomputer. A regular PC should be enough but the more MNT tokens you are going to hold, the more RAM you would need.
With regards,
team GOLDMINT
Thank you for the article! We'll share it in all our social channels if possible.
What makes goldmint different from projects like Brickblock and Minobia?
I see one of them website under maintenance. Another one has really different concept.
"In case at the moment of block validation the miner doesn’t have enough computational power to validate the block or in case he cannot do this for some other reasons he can be deleted from the White List of reliable miners and will lose the right to accomplish a block."
Of how much computational power are we talking about?
Can you please give us some more info or some numbers, or examples to understand this better?
Thanx
Of how much computational power are we talking about?
Can you please give us some more info or some numbers, or examples to understand this better?
Thanx
Not an ultracomputer. A regular PC should be enough but the more MNT tokens you are going to hold, the more RAM you would need.
With regards,
team GOLDMINT
Greetings!
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 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.
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
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 ).
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.
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
How can gold help me hedging risks on the cryptocurrency market?
How do they work?
I like the project.,good luck team
What are the commissions for transactions in gold?
Greetings!
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 ).
No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.
With regards,
team GOLDMINT
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 ).
do gold commissions depend on the country/citizenship?
No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.
how is it burned?
GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.
With regards,
team GOLDMINT
how is it burned?
do gold commissions depend on the country/citizenship?
Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
what are the commissions for transactions in gold?
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