Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 251. (Read 169030 times)
how about bounties and airdrop
Hello, where can I see that I was received ...
Hello, diamondox!
I would like to clarify what you mean?
Lending and pawning are hug business all over the world and am wondering if we own tokens will we be able to lend or lease them out to other members and earn profit share? Is that a part of the over all plan as well?
Hello!
The previous message, which was written a little before you, is what you need to answer this question.
Read this new publication:
https://blog.goldmint.io/trust-management-and-investment-with-gold-tokens-loaning-and-pawning-654a7d9a64f3
All the latest news about our project is available here: https://blog.goldmint.io/
Hello, where can I see that I was received ...
Hello, diamondox!
I would like to clarify what you mean?
Lending and pawning are hug business all over the world and am wondering if we own tokens will we be able to lend or lease them out to other members and earn profit share? Is that a part of the over all plan as well?
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Trust Management and Investment with GOLD Tokens:
Loaning and Pawning
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Throughout history, hoarding physical gold has proven to be beneficial as the price continues to rise. Now that the digital gold has arrived, keeping gold has never been this convenient. Goldmint is a platform for digital gold investors, where GOLD crypto-assets (GOLD tokens) can be used for lending and pawning transactions. Thus, this platform provides a safe storage space for these purposes.
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Trust Management
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When an investor owns GOLD crypto-assets, which are backed by physical gold, and stores them at Goldmint, an account is created. It is like a bank account, but stores GOLD tokens instead of physical gold, crypto-currency, or fiat currency. The user can delegate Goldmint company the right to manage GOLD at the account. Hence it is called “trust management.”
With the similar functionality of a bank account, the Goldmint trust account also pays out interest or “investment income” to investors. The interest rate or “investment income rate” (X% annually) is based on market conditions.
Here is how it works: Goldmint serves as a lender and charges interest (Y% annually) to borrowers. At the end of the year, the investor receives profit based on this calculation: Y% — X% = profit.
With the similar functionality of a bank account, the Goldmint trust account also pays out interest or “investment income” to investors. The interest rate or “investment income rate” (X% annually) is based on market conditions.
Here is how it works: Goldmint serves as a lender and charges interest (Y% annually) to borrowers. At the end of the year, the investor receives profit based on this calculation: Y% — X% = profit.
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Lending
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In the event of obtaining a credit with fiat or crypto-currency, GOLD tokens will be used as collateral. An agreement of the loan amount and its costs will be agreed before the transfer of the fund. The borrower, who owns GOLD tokens, must agree with the terms of the loan.
The fund can be withdrawn and used via a bank account or a specially emitted VISA/Mastercard card. Interest will accrue when the credit is used and hasn’t been paid back after the grace period. It works like a regular credit card, but it is a secured credit by digital gold.
The loan can be repaid in several ways regarding the amount and the method of repayment. In the case of untimely loan repayment, the GOLD tokens will be transferred to Goldmint and become Goldmint’s property.
The fund can be withdrawn and used via a bank account or a specially emitted VISA/Mastercard card. Interest will accrue when the credit is used and hasn’t been paid back after the grace period. It works like a regular credit card, but it is a secured credit by digital gold.
The loan can be repaid in several ways regarding the amount and the method of repayment. In the case of untimely loan repayment, the GOLD tokens will be transferred to Goldmint and become Goldmint’s property.
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Pawning
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The GOLD tokens received from the investor are converted into a currency and W% pf the amount (50 X >0). After the conversion took place, no more than 4% [(100-W)%] will be used to purchase Q amount of CALL options that will expire in T months and [(X/12)*T*Q] mini gold futures on the stock exchange. Therefore, Goldmint provides a hedge against the increased prices of physical gold and guarantees 100% return of investments through T months with a specific interest rate. This gives Goldmint with 1.1 ounce position of gold.
Two possible scenarios from the pawning functionality of Goldmint:
1. The pawnshop provides a full return in Y%. Goldmint exchanges fiat currency into GOLD tokens and pay of the loan to the investor with X% interest.
2. In the case that the pawnshop does not pay the loan back, Goldmint will take over the ownership of the content of Custody Bot.
In the event that Goldmint takes over the ownership of the content of Custody Bot, the physical gold will be transformed into ingots for storage. Next, Goldmint would issue an equal amount of GOLD tokens to be returned to the trust with agreed upon interest and within the timeframe via the linked smart contract.
Custody Bot is an automatic robotic storage unit used to automatically store, assess, and deliver the physical gold, which is like to replace conventional pawning mechanism. It provides extra security as it would automatically evaluate the authenticity and value of the physical gold with hydrostatic scales, X-ray fluorescence spectrometer, analyzer crystal, and goniometer.
In various pawning scenarios, Custody Bot provides a peace of mind to investors. Goldmint uses Custody Bot with these features in mind.
2. In the case that the pawnshop does not pay the loan back, Goldmint will take over the ownership of the content of Custody Bot.
In the event that Goldmint takes over the ownership of the content of Custody Bot, the physical gold will be transformed into ingots for storage. Next, Goldmint would issue an equal amount of GOLD tokens to be returned to the trust with agreed upon interest and within the timeframe via the linked smart contract.
Custody Bot is an automatic robotic storage unit used to automatically store, assess, and deliver the physical gold, which is like to replace conventional pawning mechanism. It provides extra security as it would automatically evaluate the authenticity and value of the physical gold with hydrostatic scales, X-ray fluorescence spectrometer, analyzer crystal, and goniometer.
In various pawning scenarios, Custody Bot provides a peace of mind to investors. Goldmint uses Custody Bot with these features in mind.
What a surprise, having this kind of digital currency that the price is based on the GOLD price, by doing this will make the price of the coin will be at a good price, since the price of gold is surely at a good/great value.
Waiting for the project to be success.
Waiting for the project to be success.
Hello, where can I see that I was received ...
Another addition to those cryptos backed by precious metals primarily by gold.
How this project differs from the other token or coins backed by gold like Orocoin, goldblocks, Xaurum and some others?
How this project differs from the other token or coins backed by gold like Orocoin, goldblocks, Xaurum and some others?
Greetings!
1. We have a 100% transparent provision of gold, which will be confirmed by blockchain and regular audits.
2. We have a smart vending safe - Custody Bot.
3. We're going to make a real international exchange of the cryptoasset GOLD for physical gold.
4. We send 12.5% of commissions to charitable organizationsall all over the world.
5. With the help of Custody Bot, we're going to make cheap p2p loaning secured by gold all over the world.
6. We launch our blockchain on the Graphene platform, that stands out by the transaction processing speed and security.
how about bounties and airdrop
copper member
Activity: 2800
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Leading Crypto Sports Betting & Casino Platform
Another addition to those cryptos backed by precious metals primarily by gold.
How this project differs from the other token or coins backed by gold like Orocoin, goldblocks, Xaurum and some others?
How this project differs from the other token or coins backed by gold like Orocoin, goldblocks, Xaurum and some others?
Wow gold ...
But this is just a name or indeed a tool for coin payments
But this is just a name or indeed a tool for coin payments
GOLD is a digital cryptoasset 100% backed by physical gold and ETF which can be used as an instrument for hedging risks, payment and investment tool both by companies and individuals.
Read more here: https://goldmint.io/gold
Look like this coin is worth to wait, just by reading the fist post here, I think that this is a good project, and it will be success in the future.
Good luck guys.
Good luck guys.
Tokens backed by gold
physical gold or not ? And how to distribution if used physical gold ?
physical gold or not ? And how to distribution if used physical gold ?
Physical gold is an age-old method of payment and wealth preservation, due to its brilliance and value. Owning gold, however, requires expensive security, safekeeping, and insurance, in addition to being illiquid. GoldMint’s modern solution to these inherent problems is GOLD, a 100% gold-backed token. GoldMint will ensure the coins of a persistent value using securities (ETFs and futures) as well as physical assets.
Tokens backed by gold
physical gold or not ? And how to distribution if used physical gold ?
physical gold or not ? And how to distribution if used physical gold ?
It says its backed by physical gold. Please read the OP and ask questions after that. With this you can save a lot of people's time.
This is awesome, having the price of the coins based on the real gold price.
That is neat, and I thing this will be a good standard of the crypto currency price.
Good luck dev.
That is neat, and I thing this will be a good standard of the crypto currency price.
Good luck dev.
Wow gold ...
But this is just a name or indeed a tool for coin payments
But this is just a name or indeed a tool for coin payments
Tokens backed by gold
physical gold or not ? And how to distribution if used physical gold ?
physical gold or not ? And how to distribution if used physical gold ?
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GoldMint in blockchain media
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Our ICO preparation campaign has just started. Meanwhile, some big and upstanding blockchain media published articles about us. Look at the publications list below.
* The CoinTelegraph, one of the most popular blockchain media, published an article about the GoldMint project
* A big article at the Live Bitcoin News
* The Merkle, a well-known blockchain media, published an article about the GoldMint project
* Coin Journal article about our gold-backed cryptoassets launch
* FinSMEs article about GoldMint’s new type of cryptocurrency
* Bitcoin.com published an article about GoldMint’s cryptocurrency solutions
* CoinSpeaker’ article about GoldMint project solutions and Custody Bot
* NewsBTC publication about gold-backed stable GoldMint cryptoassets
* Blockchain News article about our solution for crypto-traders and crypto world
* Siam Blockchain — Thai newspaper released an article about GoldMint
* The CoinTelegraph, one of the most popular blockchain media, published an article about the GoldMint project
* A big article at the Live Bitcoin News
* The Merkle, a well-known blockchain media, published an article about the GoldMint project
* Coin Journal article about our gold-backed cryptoassets launch
* FinSMEs article about GoldMint’s new type of cryptocurrency
* Bitcoin.com published an article about GoldMint’s cryptocurrency solutions
* CoinSpeaker’ article about GoldMint project solutions and Custody Bot
* NewsBTC publication about gold-backed stable GoldMint cryptoassets
* Blockchain News article about our solution for crypto-traders and crypto world
* Siam Blockchain — Thai newspaper released an article about GoldMint
"Mining of the crypto currency and mining of gold - similar processes, in both cases a lot of resources are expended. Mining of crypto currency requires computational power and high electricity costs. The extraction of gold - human resources and technical means. In both cases, the process requires work.
The process of using gold, by the way, also requires efforts: it's heavy, it's hard to transport, it's necessary to guard - it's not handy to use it. Another thing - crypto currency. It is easy to use and transportation happens instantly.
The only thing that lacks crypto currency is the value of gold. The GoldMint team want to solve this problem and offers the world the GOLD cryptoassets, which have the superiority of the crypto-currency and the value of gold."
The process of using gold, by the way, also requires efforts: it's heavy, it's hard to transport, it's necessary to guard - it's not handy to use it. Another thing - crypto currency. It is easy to use and transportation happens instantly.
The only thing that lacks crypto currency is the value of gold. The GoldMint team want to solve this problem and offers the world the GOLD cryptoassets, which have the superiority of the crypto-currency and the value of gold."
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