Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 220. (Read 169030 times)
What happens if the miner doesn’t have enough computing power to verify a transaction?
You gotta be kidding, right? What's next?
Which data will be stored on grapheme blockchain?
Which rights does MNT provide its holders with?
Greetings!
The price of one GOLD equals one ounce of physical gold on the LBMA. Applicants who want to trade GOLD for fiat need to undergo GoldMint's KYC procedure. If accepted, the applicant’s GOLD cryptoasset is transferred from his, or her, GoldMint wallet to a special GoldMint account and is converted to fiat. GoldMint sends this fiat to the applicant. So, the price with commissions you receive for buying GOLD is LBMA + 5%, selling - LBMA + 2%. Therefore the way fiat => GOLD => fiat will be 3%.
GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.
Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis.
With regards,
team GOLDMINT
Some people may wonder if they can exchange the gold token with the real gold bars. How are you going to explain this?
The price of one GOLD equals one ounce of physical gold on the LBMA. Applicants who want to trade GOLD for fiat need to undergo GoldMint's KYC procedure. If accepted, the applicant’s GOLD cryptoasset is transferred from his, or her, GoldMint wallet to a special GoldMint account and is converted to fiat. GoldMint sends this fiat to the applicant. So, the price with commissions you receive for buying GOLD is LBMA + 5%, selling - LBMA + 2%. Therefore the way fiat => GOLD => fiat will be 3%.
What is the key idea of the project?
GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.
How does custody bot evaluate the assets?
Custody Bot uses the technologies of spectral analysis and hydrostatic weighing to inspect the value of the gold. In the absence of a single standard, a specialist also manually inspects the jewelry before Custody Bot conducts spectral analysis.
With regards,
team GOLDMINT
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!
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.
How can gold help me hedging risks on the cryptocurrency market?
With regards,
team 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.
How can gold help me hedging risks on the cryptocurrency market?
How can gold help me hedging risks on the cryptocurrency market?
With regards,
team GOLDMINT
How can gold help me hedging risks on the cryptocurrency market?
How do they work?
I know there are a few coins that are backed by gold. I've been following Xaurum for example.
Can you explain what are the diferences between GoldMint and Xaurum if you know maybe?
Can you explain what are the diferences between GoldMint and Xaurum if you know maybe?
As far as I have researched, it has 2 main differences.
1st GoldMint holds phisical gold and/or ETF as backing in contrast to Xaurum which holds only Phisical gold.
2nd GoldMint has fix backing, so it's like holding phisical gold or ETF, Xaurum has growing gold base. This means that in the first moment ammount of backing is on GoldMint side since it is 100% backed by gold and Xaurum is not, but eventualy you will have more backing in Xaurum since it has growing gold base.
Both coins have some additional features which makes them unique.
They are both good on the field where they are playing although GoldMint still have time to prove it since it is on the begining of the road. I believe it will.
As far as I understand GoldMint is more on the field of hedging and security, but Xaurum with growing gold base brings more potential growth.
Please devs correct me if I'm wrong.
Looking good. Got my eye in this. What will happen to the classic chain.
What is trust management?
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