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Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 227. (Read 169030 times)

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Alexander KOSTIN | GoldMint
Greetings!

Where Does Goldmint Store Its Physical Gold And Which Etfs Back Gold Cryptoassets?

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.

Could You Give Us An Example Number Of The Cost Storing Gold? (E.G. In The Usa Or Switzerland)

The average fee for storing physical gold is 0,25% from its estimated value a year.

Will There Be Any Auditing Of Goldmint Assets?

An auditor from an objective TOP 100 audit company checks GoldMint's accounts each month and confirms that its gold reserves tally with its accounts and with its GOLD emission. On top of that, GoldMint has its own GoldMint internal auditor check its accounts several times a month.

With regards,
team GOLDMINT
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hi dev, you said you already reached 600k USD during the pre ico. i just want to know if how much did you need to raised for the ico itself? regarding the minimum goal funding and the max cap? i cant see details about that.

Greetings!

Our cap for ICO is $45M. Minimum is $1M.

With regards,
team GOLDMINT

hello destruct, so glad you answered my question. can i ask if you did some pre sale?
 and if you have it may i know the total amount collected?
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Will There Be Any Auditing Of Goldmint Assets?
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Could You Give Us An Example Number Of The Cost Storing Gold? (E.G. In The Usa Or Switzerland)
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Where Does Goldmint Store Its Physical Gold And Which Etfs Back Gold Cryptoassets?
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Very Interested ,But Want To Know More Details.
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Alexander KOSTIN | GoldMint
Greetings!

What Is Gold?

GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)

How Is The Gold Asset Backed By Gold?

All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.

What Is An Etf And How Can It Back Gold?

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.

With regards,
team GOLDMINT
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What Is An Etf And How Can It Back Gold?
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PR Manager at Crypto Economy
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How Is The Gold Asset Backed By Gold?
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Need more information please
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Alexander KOSTIN | GoldMint
Greetings!


What are the costs of custody bot development?


Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300


What are MNT tokens?


MNT is GoldMint's internal token, used to confirm GOLD cryptoasset transactions.


Who is the escrow of GoldMint wallets and who will check the expenditures of the funds raised during ICO?


The board of directors of GoldMint company - Dmitry Pluschevsky, Konstantin Romanov, Igor Ryabenky (Altair Capital) and two independent directors will check the expenditures. They approve the company’s budget for the development.


With regards,
team GOLDMINT

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Who is the escrow of GoldMint wallets and who will check the expenditures of the funds raised during ICO?
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this is better than only fools and horses,, hilarious!!!
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What are the costs of custody bot development?
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Alexander KOSTIN | GoldMint
Greetings!


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 can i buy gold?


People who want to trade GOLD for fiat or cryptocurrency need to undergo GoldMint's KYC procedure. You can also get GOLD when you transfer your physical gold to Custody Bot or to GoldMint’s partner banks.


Why does gold jewelry need extra examination from a specialist?


Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.


With regards,
team GOLDMINT
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Why does gold jewelry need extra examination from a specialist?
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