Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 203. (Read 169030 times)
What is ETF?
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GoldMint in blockchain media
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GoldMint in blockchain media
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Our ICO starts in just a few days! We recommend you take a look at our recent mention in the blockchain media
* Why Proof of Stake Is Power of Saving
The CoinTelegraph, one of the most popular blockchain media, published an article about the GoldMint Proof-Of-Stake algorithm
https://cointelegraph.com/news/why-proof-of-stake-is-power-of-saving
* The Agreement That Shifts the Paradigm of Gold-Backed Tokens.
NewsBTC publication about gold-backed GoldMint stable GOLD cryptoassets.
http://www.newsbtc.com/2017/09/11/eurasia-goldmint-partnership/
* Eurasia and GoldMint Sign Deal Shifting The Paradigm of Gold-Backed Tokens
http://www.finsmes.com/2017/09/eurasia-and-goldmint-sign-deal-shifting-the-paradigm-of-gold-backed-tokens.html
* 5 ways blockchain is changing everything
A well-known financial media published an interesting article on how GoldMint helps to develop blockchain technology
https://www.cio.com/article/3223906/financial-it/5-ways-blockchain-is-changing-everything.html
* Gold Can Secure Stable Growth for Cryptocurrency Markets
The Merkle, a well-known blockchain media, published an article about the GoldMint project.
https://themerkle.com/real-gold-no-longer-represents-any-real-value-but-can-secure-stable-growth-for-cryptocurrency-markets/
* In P2P Lending we trust : An Interview with GoldMint Founder & CEO Dmitry Pluschevsky
The HuffPost published an Interview about GoldMint’s plans to make digital money valuable and worthy worldwide.
http://www.huffingtonpost.com/entry/in-p2p-lending-we-trust-an-interview-with-goldmint_us_59b641d8e4b0c50640cd68ed
* GoldMint Is Unlocking Liquidity in Gold to Allow P2P Lending
The CoinTelegraph article about GOLD cryptoasset liquidity.
https://cointelegraph.com/news/goldmint-is-unlocking-liquidity-in-gold-to-allow-p2p-lending
* Why Proof of Stake Is Power of Saving
The CoinTelegraph, one of the most popular blockchain media, published an article about the GoldMint Proof-Of-Stake algorithm
https://cointelegraph.com/news/why-proof-of-stake-is-power-of-saving
* The Agreement That Shifts the Paradigm of Gold-Backed Tokens.
NewsBTC publication about gold-backed GoldMint stable GOLD cryptoassets.
http://www.newsbtc.com/2017/09/11/eurasia-goldmint-partnership/
* Eurasia and GoldMint Sign Deal Shifting The Paradigm of Gold-Backed Tokens
http://www.finsmes.com/2017/09/eurasia-and-goldmint-sign-deal-shifting-the-paradigm-of-gold-backed-tokens.html
* 5 ways blockchain is changing everything
A well-known financial media published an interesting article on how GoldMint helps to develop blockchain technology
https://www.cio.com/article/3223906/financial-it/5-ways-blockchain-is-changing-everything.html
* Gold Can Secure Stable Growth for Cryptocurrency Markets
The Merkle, a well-known blockchain media, published an article about the GoldMint project.
https://themerkle.com/real-gold-no-longer-represents-any-real-value-but-can-secure-stable-growth-for-cryptocurrency-markets/
* In P2P Lending we trust : An Interview with GoldMint Founder & CEO Dmitry Pluschevsky
The HuffPost published an Interview about GoldMint’s plans to make digital money valuable and worthy worldwide.
http://www.huffingtonpost.com/entry/in-p2p-lending-we-trust-an-interview-with-goldmint_us_59b641d8e4b0c50640cd68ed
* GoldMint Is Unlocking Liquidity in Gold to Allow P2P Lending
The CoinTelegraph article about GOLD cryptoasset liquidity.
https://cointelegraph.com/news/goldmint-is-unlocking-liquidity-in-gold-to-allow-p2p-lending
the step seem a little complexed//// but worth to get!
What about GOLD exchange rate?
How physical gold will be stored?
Greetings!
If the audit results show that, the value of physical gold is less than the number of the GOLD tokens emitted, the excess amount of GOLD will be written off automatically from the company wallet via the smart contract.
All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.
You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC* procedure.
With regards,
team GOLDMINT
What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
If the audit results show that, the value of physical gold is less than the number of the GOLD tokens emitted, the excess amount of GOLD will be written off automatically from the company wallet via the smart contract.
How will amount of physical gold will be controlled?
All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.
Does any person can trade GOLD for fiat?
You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC* procedure.
With regards,
team GOLDMINT
Gold is always goods to invest, but i don't have confidence that we really need it. because there are alredy many gold ETF in real world.
Does any person can trade GOLD for fiat?
too complicated for most of people.. I think
How will amount of physical gold will be controlled?
What will happen if audit shows that GoldMint have less physical gold, than GOLD tokens emitted?
Greetings!
GoldMint plans to develop an Application Programming Interface (API) to regulate GOLD.
This will achieve the following:
● E-commerce can use GOLD for transactions.
● Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral.
● GOLD can be used escrow for bank accounts and as financial guarantees.
The characteristics of the GOLD cryptoasset include the following:
100% transparency of information about all Gold owned by GoldMint, disclosing the company’s gold reserves and its ability to buy back GOLD at its current trading price.
GoldMint uses the decentralized blockchain for smart contracts and for harboring its cryptoassets
GoldMint uses ETF for liquidity and elasticity. ETF helps you trade gold far faster than physical gold does
A secured loan may contain gold, like jewelry or coins. GoldMint helps you store this collateral in its unique Custody Bot.
The ability to receive passive income as market price of GOLD rises.
Robotic storage unit Custody Bot
Buyback of GOLD for fiat according to the current price of GOLD.
A fast user registration system and identification.
All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.
With regards,
team GOLDMINT
There was something written about API? What is about?
GoldMint plans to develop an Application Programming Interface (API) to regulate GOLD.
This will achieve the following:
● E-commerce can use GOLD for transactions.
● Local banks and Monetary Financial Institutions (MFIs) can use GOLD as collateral.
● GOLD can be used escrow for bank accounts and as financial guarantees.
What is a key features of GOLD cryptoasset?
The characteristics of the GOLD cryptoasset include the following:
100% transparency of information about all Gold owned by GoldMint, disclosing the company’s gold reserves and its ability to buy back GOLD at its current trading price.
GoldMint uses the decentralized blockchain for smart contracts and for harboring its cryptoassets
GoldMint uses ETF for liquidity and elasticity. ETF helps you trade gold far faster than physical gold does
A secured loan may contain gold, like jewelry or coins. GoldMint helps you store this collateral in its unique Custody Bot.
The ability to receive passive income as market price of GOLD rises.
Robotic storage unit Custody Bot
Buyback of GOLD for fiat according to the current price of GOLD.
A fast user registration system and identification.
Why tokens are Gold-backed? Why not using any other precious metals or other asset?
All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.
With regards,
team GOLDMINT
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We are set to transform the business processes of over 2000 jewelry companies from around the world.
Our physical gold reserve will also allow the growing number of Indian Bitcoin miners to transfer their bitcoins into physical gold.
Both groups are preparing to invest in our preliminary MNTP tokens.
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We are set to transform the business processes of over 2000 jewelry companies from around the world.
Our physical gold reserve will also allow the growing number of Indian Bitcoin miners to transfer their bitcoins into physical gold.
Both groups are preparing to invest in our preliminary MNTP tokens.
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Why tokens are Gold-backed? Why not using any other precious metals or other asset?
This looks very worth watching.
Seriously.
Seriously.
I see in the community there is a coin called "gold coin", this root GOLDMINT What is the difference? Is a team Mody, too much coins too much, simply can not distinguish
What is a key features of GOLD cryptoasset?
There was something written about API? What is about?
Greetings!
Here you can find all details about our BTT campaign: https://bitcointalksearch.org/topic/icobounty-official-goldmint-bounty-campaign-thread-2091804
GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD
(i.e., more than 0,0025 GOLD depending on the current gold price).
Differences between Goldmint and other gold cryptocurrency blockchains include the following:
Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions.
Goldmint uses Proof-of-Stake where miners are doled blocks/ transactions according to the amount of MNT they have. Proof of stake (PoS) is faster, simpler and cheaper than proof of work (PoW).
Physical gold and ETFs are stored in a programmed decentralized storage unit.
Custody Bot - Goldmint’s innovative storage unit is programmed to automatically identify and store gold jewelry, small ingots (up to 100 grams) and coins without human intervention.
With regards,
team GOLDMINT
Where is your bounty?
Here you can find all details about our BTT campaign: https://bitcointalksearch.org/topic/icobounty-official-goldmint-bounty-campaign-thread-2091804
What commission you hold?
GOLD commission is Z% (no more than 0.3%), but no less than a fixed Y amount of GOLD
(i.e., more than 0,0025 GOLD depending on the current gold price).
What difference between Goldmint and other gold-based cryptocurrency?
Differences between Goldmint and other gold cryptocurrency blockchains include the following:
Goldmint uses its own blockchain and altcoin, called MNT, for GOLD transactions.
Goldmint uses Proof-of-Stake where miners are doled blocks/ transactions according to the amount of MNT they have. Proof of stake (PoS) is faster, simpler and cheaper than proof of work (PoW).
Physical gold and ETFs are stored in a programmed decentralized storage unit.
Custody Bot - Goldmint’s innovative storage unit is programmed to automatically identify and store gold jewelry, small ingots (up to 100 grams) and coins without human intervention.
With regards,
team GOLDMINT
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The aspects of tokenized gold solutions
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How GoldMint backs its assets?
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The concept of 100% backed digital assets is not up to the minute with the emergence and rapid growth of new technologies. The volatility of the very first crypto coins in the market manifest the necessity to hedge the risks with a stable currency. Be it gold, dollars, mac laptops or pieces of arts, no matter what commodity or asset they are backed with, their value should stay in sync with the commodity’s price in the real market and that stays a prime challenge to achieve. The concept is not complicated but the latest efforts to bring the idea to life have not been widely adopted yet.
Cryptocurrencies have captured the imagination of many and thus, the idea of assets (other than money) backed digital currency is gaining more acceptance. While Gold continues to storm the global investment market, bringing it closer to cryptocurrencies will assure a trustworthy physical backing.
Digix, one of the most well-known stable currency projects, has recently posted an overview of the existing and upcoming solutions in the industry of tokenized gold.
Having a complicated audit system, Digix ensures the transparency and the backing of their DGX tokens but the gold token has not been released yet and the capitalization of the company grows mostly due to the speculative price growth of DAO token. The emergence of DAO platform and a tokenized gold asset is a tremendous initiative as it ensures development of all the companies prevalent in the market. So, the new attempts to create digital gold asset were done but none of these have succeeded yet and encouraged the cryptogold which can be exchanged easily in the market.
GoldMint project is led by a team of Russian developers who have extensive experience in managing physical gold. LOT-ZOLOTO, a company founded by GoldMint’s CEO Dmitry Pluschevsky, has exceeded the trading volume of $10 million in March, 2017. The perfect understanding of the market provided the GoldMint’s team with an opportunity to develop a platform which is more than just digital gold asset blockchain. GOLD, digitized gold, and Custody Bot, a vending gold storage machine, are the two independent products of GoldMint that heralds a mark in the evolution of ‘smart contracts’.
Cryptocurrencies have captured the imagination of many and thus, the idea of assets (other than money) backed digital currency is gaining more acceptance. While Gold continues to storm the global investment market, bringing it closer to cryptocurrencies will assure a trustworthy physical backing.
Digix, one of the most well-known stable currency projects, has recently posted an overview of the existing and upcoming solutions in the industry of tokenized gold.
Having a complicated audit system, Digix ensures the transparency and the backing of their DGX tokens but the gold token has not been released yet and the capitalization of the company grows mostly due to the speculative price growth of DAO token. The emergence of DAO platform and a tokenized gold asset is a tremendous initiative as it ensures development of all the companies prevalent in the market. So, the new attempts to create digital gold asset were done but none of these have succeeded yet and encouraged the cryptogold which can be exchanged easily in the market.
GoldMint project is led by a team of Russian developers who have extensive experience in managing physical gold. LOT-ZOLOTO, a company founded by GoldMint’s CEO Dmitry Pluschevsky, has exceeded the trading volume of $10 million in March, 2017. The perfect understanding of the market provided the GoldMint’s team with an opportunity to develop a platform which is more than just digital gold asset blockchain. GOLD, digitized gold, and Custody Bot, a vending gold storage machine, are the two independent products of GoldMint that heralds a mark in the evolution of ‘smart contracts’.
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GOLD backing: storage and audit
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GOLD is backed by physical gold of 999 quality or ETF bought on the stock exchange NYSE Arca. ETFs are used as a backing instrument as they are a more portable and convenient instrument for storing gold value compared to physical gold. Still, the Company proposes to partly back the value of its GOLD by physical gold:
All physical gold owned by GoldMint exists in the following forms:
1. Manufacturer-certified bullions
2. Gold coins
3. Gold jewelry
4. 999 quality granules, stamped by manufacturer
As stated in the White Paper, “Physical gold is locked-up in storage and rated according to its value:
1. Moody’s — A2 and above.
2. Standard & Poor’s — A and above.
3. Fitch — A and above”.
All the transactions on deposing and withdrawing gold are confirmed by bank statements which are encoded by uploading relevant forms in GoldMint blockchain. These documents allow the system to check that GoldMint company owns the particular amount of gold.
The gold storage is regularly audited by an auditor from GoldMint and by any one of the TOP 100 audit company monthly.
For more information of Gold backing and storage, read GoldMint’s White Paper section 4.1.1. Gold Emission.
All physical gold owned by GoldMint exists in the following forms:
1. Manufacturer-certified bullions
2. Gold coins
3. Gold jewelry
4. 999 quality granules, stamped by manufacturer
As stated in the White Paper, “Physical gold is locked-up in storage and rated according to its value:
1. Moody’s — A2 and above.
2. Standard & Poor’s — A and above.
3. Fitch — A and above”.
All the transactions on deposing and withdrawing gold are confirmed by bank statements which are encoded by uploading relevant forms in GoldMint blockchain. These documents allow the system to check that GoldMint company owns the particular amount of gold.
The gold storage is regularly audited by an auditor from GoldMint and by any one of the TOP 100 audit company monthly.
For more information of Gold backing and storage, read GoldMint’s White Paper section 4.1.1. Gold Emission.
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GOLD purchase and redemption
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As you can see in the infographics above, the process of GoldMint purchase and redemption is quite simple and infuses KYC procedure. As soon as GOLD is sold, the digital assets are burnt to persistently maintain the ratio of 1:1 between physical gold/ETF and GOLD asset . The commission for FIAT — GOLD — FIAT transactions is 2% of gold market price for the whole circle.
Staying intact to transparency and accuracy, GoldMint unlatches the potential of world’s most valued asset through an effective trading platform. As the interest of the investor grows towards tokenized Gold, GoldMint’s Blockchain lets you utilize the commodity in different ways and up scales its exchangeability.
Stay connected for more on GOLD!
Staying intact to transparency and accuracy, GoldMint unlatches the potential of world’s most valued asset through an effective trading platform. As the interest of the investor grows towards tokenized Gold, GoldMint’s Blockchain lets you utilize the commodity in different ways and up scales its exchangeability.
Stay connected for more on GOLD!
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