Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 241. (Read 169030 times)
What is the limit of the loan?
If the Gold is damaged or stolen, who will take responsibility for?
Greetings!
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.
The advantages of Graphene compared to Ethereum include the following. It is: Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. More productive - GoldMint is optimized for GOLD transactions. GoldMint is the only ICO that uses this platform, so its platform executes workloads The Graphene blockchain supports PoS.Cheaper - there is no charge for ether commissions.faster and more effectively.
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.
With regards,
team GOLDMINT
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.
Why is goldmint platform built on graphene?
The advantages of Graphene compared to Ethereum include the following. It is: Safer - GoldMint blockchain uses its own coins rather than turing-complete smart contracts. More productive - GoldMint is optimized for GOLD transactions. GoldMint is the only ICO that uses this platform, so its platform executes workloads The Graphene blockchain supports PoS.Cheaper - there is no charge for ether commissions.faster and more effectively.
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.
With regards,
team GOLDMINT
Where does goldmint store its physical Gold and which etfs back gold cryptoassets?
Why is goldmint platform built on graphene?
How does custody bot evaluate the assets?
Greetings!
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%.
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.
With regards,
team GOLDMINT
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%.
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.
With regards,
team GOLDMINT
What is the key idea of the project?
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?
Greetings!
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.
75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.
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.
With regards,
team GOLDMINT
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.
How are the commissions distributed?
75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.
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.
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?
How are the commissions distributed?
What is an etf and how can it back Gold?
how can gold be adopted into a blockchain system? so far I do not understand, because gold has a relatively stable price, while cryptocurrency tends to fluctuate
Greetings!
A lack of stability is an issue for the most of the tokens. We give liquidity and stable price by providing 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. Issuing each GOLD token we buy a troy ounce of physical gold or ETF. We burn all the GOLD tokens having no gold backing.
With regards,
team GOLDMINT
What do i need to get a loan?
Greetings!
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.
The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.
With regards,
team GOLDMINT
What happens in case the loan is not repaid?
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
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.
How is my income calculated? (provide an example here as well)
The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.
With regards,
team GOLDMINT
How is my income calculated? (provide an example here as well)
Why does Gold jewelry need extra examination from a specialist?
how can gold be adopted into a blockchain system? so far I do not understand, because gold has a relatively stable price, while cryptocurrency tends to fluctuate
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