Im seriously bloody impressed!
Its just beyond my mental capacity to understand
Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 222. (Read 169030 times)
Can MNT holders participate in GoldMint company management?
Is GoldMint a DAO?
Is GoldMint a DAO?
Greetings!
MNTP tokens can be found on the Ethereum blockchain.
● Initial emission of MNTP is conducted using the ERC20 interface.
● GoldMint’s blockchain, using the Graphene platform gor GOLD and MNT tokens will be launched after.
MNT has a limited supply and they are used as stake in PoS (proof-of-stake) consensus algorithm. The more transactions there are within GoldMint blockchain the bigger rewards miners get and the more is demand for MNT.
The more MNT a validator holds, the more blocks he can validate and add to the chain. As a result miner gets 75% in GOLD equivalent from the commissions for the transactions validated.
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.
In this case the right to validate blocks goes over to another user who has been chosen by GoldMint algorythm.
To become a validator all you need is to download GoldMint Wallet app from the official website and launch it using your GoldMint account.
In case a user who holds many MNT doesn’t have enough computational power, he can rent computational power from other miners.
With regards,
team GOLDMINT
I see MNTP and MNT tokens here. What's the difference?
MNTP tokens can be found on the Ethereum blockchain.
● Initial emission of MNTP is conducted using the ERC20 interface.
● GoldMint’s blockchain, using the Graphene platform gor GOLD and MNT tokens will be launched after.
What are the price expectations? After a month? After a year?
MNT has a limited supply and they are used as stake in PoS (proof-of-stake) consensus algorithm. The more transactions there are within GoldMint blockchain the bigger rewards miners get and the more is demand for MNT.
Is that your model have so-called dividends? Can I have passive income of holding? Explain
The more MNT a validator holds, the more blocks he can validate and add to the chain. As a result miner gets 75% in GOLD equivalent from the commissions for the transactions validated.
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.
In this case the right to validate blocks goes over to another user who has been chosen by GoldMint algorythm.
To become a validator all you need is to download GoldMint Wallet app from the official website and launch it using your GoldMint account.
In case a user who holds many MNT doesn’t have enough computational power, he can rent computational power from other miners.
With regards,
team GOLDMINT
Is that your model have so-called dividends? Can I have passive income of holding? Explain
What are the price expectations? After a month? After a year?
Is it backed by real gold??
A chance to be; Strange alt of the week
I see MNTP and MNT tokens here. What's the difference?
Greetings!
We meet all the requirements of SEC regulations and our tokens can't be determined as securities.
The final decision of listing us on exchanges lays upon exchanges their self.
According to all this we will start listing negotiations right after our ICO.
The first exchanges to list tokens are usually Liqui, YoBit, Tidex, HitBTC.
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
We can't guarantee a fast profit to our investors right after our first appearance on exchanges. We guarantee their profit after the development of the product.
With regards,
team GOLDMINT
What exchanges should we expect? I need liquidity on my investments.
We meet all the requirements of SEC regulations and our tokens can't be determined as securities.
The final decision of listing us on exchanges lays upon exchanges their self.
According to all this we will start listing negotiations right after our ICO.
The first exchanges to list tokens are usually Liqui, YoBit, Tidex, HitBTC.
GOLD TOKEN WON’T BE LISTED ON ANY EXCHANGE, CORRECT? AND LET’S SAY IF I WANT TO BUY IT, GIVEN THAT IT REQUIRES THE ‘KYC’, HOW AND WHERE WILL YOU SELL YOUR TOKEN?
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
Any gauranteed coin won't be dumped when it reaches exchanges ?
We can't guarantee a fast profit to our investors right after our first appearance on exchanges. We guarantee their profit after the development of the product.
With regards,
team GOLDMINT
Any gauranteed coin won't be dumped when it reaches exchanges ?
Good luck - looks very interesting
nice work
What exchanges should we expect? I need liquidity on my investments.
Greetings!
The miner can buy more from from other miners on the network.
MNT token does not imply rights to participate in company management of GoldMint and is not a share.
With regards,
team GOLDMINT
What happens if the miner doesn’t have enough computing power to verify a transaction?
The miner can buy more from from other miners on the network.
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?
What happens if the miner doesn’t have enough computing power to verify a transaction?
Greetings!
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
The miner can buy more from from other miners on the network.
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%.
With regards,
team GOLDMINT
Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?
Initially, GOLD tokens will be traded at GoldMint website, the traders will need to pass the KYC procedure which will not take more than 30 minutes. Later on they can be traded wherever according to the terms and conditions of a particular exchange.
What are MNTP tokens?
The miner can buy more from from other miners on the network.
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%.
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?
What are MNTP tokens?
Gold token won’t be listed on any exchange, correct? And let’s say if i want to buy it, given that it requires the ‘kyc’, how and where will you sell your token?
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