Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 216. (Read 169030 times)

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

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?

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

Greetings!





Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.

Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment  of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.

Here are some reasons why investors choose GoldMint:

You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.




No, MNTP tokens are used for ICO only. As soon as GoldMint blockchain is launched, MNTP can be exchanged for MNT used as stake in our consensus algorithm. MNT holders do not receive any passive income. We have a report on MNT/MNTP status from an US lawyer company. This provides us with an opportunity to trade MNT/MNTP on the US market 12 months after ICO.




Here you can find all details about our BTT campaign: https://bitcointalksearch.org/topic/icobounty-official-goldmint-bounty-campaign-thread-2091804


With regards,
team GOLDMINT

Where is your bounty?

Is MNTP a security token?

Yes, this is a good idea

Tell us more about hedging risks?

Greetings!


What I see from their first website page. Their concept doesn't bring anything new. You can buy their gold-backed tokens. What for? Each token costs as 1g of 999 gold. How can they prove it? They have ETH based blockchain which is slow. Energy wasting Proof-of-work. Do they design custody bots to be the first in the world to refinance physical gold kept on hands? What is their benefit to the market? Their concept isn't full for my opinion : )


These are the benefits of GOLD tokens:

1. STABLE PRICE.
- for cryptotraders it can help hedging risks after a busy day trading.
- for ICOs to hedge your risks when buying new tokens. As you know each ICO has their ETH exchange rate on the first day and rate is kept till the last day frozen. ALL ICOs usually continue for 1 month. And during this month ETH and BTC can suffer really big fluctuations of price.

2. CHEAP ENTRY.
The process to buy any of the cryptocurrencies today having fiat is accompanied with high transactions fees such as 5-8% or even more! Agree?
Same with selling your BTC or ETH for fiat. Is anybody happy with the 10-16% spread of FIAT-GOLD-FIAT circle?
We can provide same with less than 5%! HOW? We are going to deliver this service to banks. We already have banks agreed as they have plenty of GOLD and want to issue GOLD tokens backed by their physical GOLD.
Isn't it nice?

3. FIAT LOANING.
We are going to deliver p2p fiat loaning to our GOLD token buyers. How? As a collateral you can deposit your GOLD tokens to GOLDMINT and get a loan on a credit card issued by our bank partners. Why we decided so? There 60000 tones of GOLD excavated today. 30000 of them are on people hands, necks or kept in drawers. Nobody today can refinance physical gold better then pawnshops. Tired of 100-150% pawnshops interest anually?

4. CUSTODY BOT.
Here come our future tech - own designed robotic custody bots which can evaluate physical gold, issue GOLD tokens to those who will deposit their physical gold jewellery. Realtime. Hassle free. How is that?

5. CLASSIC INVESTMENT INSTRUMENT.
GOLD token holders can also deposit theit GOLD tokens to GOLDMINT trust management and get 6-10% anually.

With regards
team GOLDMINT!

Greetings!


Our pre-ICO was our pre-financing to do the future promoting. We didn't even have a website. These 600K doesn't count to our upcoming ICO.


Each GOLD token is backed by an ounce of physical gold with a guaranteed anytime buyback by GOLDMINT itself.


We are not like USDT. First of all price of USDT is based on trust only. GOLD tokens price is based on a guaranteed buyback which none of projects today can provide.
Also 90% cryptos think we are just an another token backed by gold. No. None of others gold-backed projects are founded by businessmen who have a real physical gold business with a tangible turnover. Our founders have a living gold processing company "LOT ZOLOTO" having 400kg physical gold turnover monthly and $50M turnover for the past 6 months. They buy unwanted gold jewellery from pawnshops, process and then sell it wholesale to other jewellers. They want to bring their business to another level designing custody bots. Those bots will give a groundbreaking opportunity for refinancing people' physical gold for 28-35% annually only instead of 100-150% you could get in pawnshops. That's the difference.

With regards,
team GOLDMINT

I will be following the project.

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

Greetings!





MNT tokens holders are allowed to vote on GoldMint’s platform in proportion to their number of tokens. This means that when changes are made to GoldMint’s platform, MNT token-holders vote on whether or not to accept these changes. They also have a right to validate blocks and get rewards in GOLD.




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.




GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.


With regards,
team GOLDMINT

How is it burned?

There was something written about API? What is about?

Which rights does mnt provide its holders with?

I think i better get into this one also looks like majority here are in favour of this project.

Greetings!




Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions.




The miner can buy more from from other miners on the network.




MNT tokens holders are allowed to vote on GoldMint’s platform in proportion to their number of tokens. This means that when changes are made to GoldMint’s platform, MNT token-holders vote on whether or not to accept these changes. They also have a right to validate blocks and get rewards in GOLD.


With regards,
team GOLDMINT