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?
Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 221. (Read 169030 times)
Greetings!
The limit of the loan depends on the GOLD or the value of the gold that is used as a collateral.
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 ).
With regards,
team GOLDMINT
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.
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 ).
With regards,
team GOLDMINT
I like the project.,good luck team 
What are the commissions for transactions in gold?
What is custody bot?
What is the limit of the loan?
Greetings!
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.
MNTP will first be found on Ethereum and produced via its ERC20 interface. Once Graphene is installed, MNTP will be conveyed there and will have MNT name.
MNT token does not imply rights to participate in company management of GoldMint and is not a share.
With regards,
team GOLDMINT
HOW CAN MNT TOKENS BE PURCHASED?
MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.
IN WHAT WAY WILL MNTP TOKENS MIGRATE FROM ETHEREUM TO GRAPHENE?
MNTP will first be found on Ethereum and produced via its ERC20 interface. Once Graphene is installed, MNTP will be conveyed there and will have MNT name.
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.
With regards,
team GOLDMINT
DOES MNT ACT LIKE A GOLDMINT SHARE?
I see goldmint as the world currency of the whole world
IN WHAT WAY WILL MNTP TOKENS MIGRATE FROM ETHEREUM TO GRAPHENE?
HOW CAN MNT TOKENS BE PURCHASED?
Greetings!
MNTP tokens are launched on Ethereum blockchain and are offered for sale during ICO. Later they will migrate to MNT tokens (GoldMint blockchain) to verify GOLD transactions.
MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.
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
WHAT ARE MNTP TOKENS?
MNTP tokens are launched on Ethereum blockchain and are offered for sale during ICO. Later they will migrate to MNT tokens (GoldMint blockchain) to verify GOLD transactions.
WHAT ARE MNT TOKENS?
MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.
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
HOW DO THEY WORK?
WHAT ARE MNT TOKENS?
WHAT ARE MNTP TOKENS?
No Twitter or Facebook to help promote?
Greetings!
The internal MNT token does not give rights to participate in company management of GoldMint and is not a share.
MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold.
This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not.
GoldMint PTE LTD company registered in Singapore is the seller of MNT tokens.
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.
With regards,
team GOLDMINT
Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?
Is GoldMint a DAO?
The internal MNT token does not give rights to participate in company management of GoldMint and is not a share.
MNT tokens holders recieve a right to vote on GoldMint platform proportionally to the number of tokens they hold.
This means that in case some changes are to take place within GoldMint platform, MNT tokens holder vote on whether to accept it or not.
Who is the seller of MNTP tokens?
GoldMint PTE LTD company registered in Singapore is the seller of MNT tokens.
Is MNTP a security token?
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.
With regards,
team GOLDMINT
Is MNTP a security token?
I don't understand the purpose....
This coin is just another thing like USDT or bloclchain version things.
But how could you link your coin with the gold. It means that I can give you coin, and you must give me gold as exchange
This coin is just another thing like USDT or bloclchain version things.
But how could you link your coin with the gold. It means that I can give you coin, and you must give me gold as exchange
Who is the seller of MNTP tokens?
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