⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 74.

nikolaich

full member

Activity: 224

Merit: 107

Quote from: infine on January 14, 2018, 05:20:41 AM

Quote from: guystyles on January 10, 2018, 03:16:33 AM

Let me know if I got this info right.

Company keeps 2m tokens
ICO ends, and you collected 7.3m
Tokens @ ICO cost $7
7,300,000/7=1,042,857 tokens
Total: ~ 3m tokens

Total supply: 9.6m
9.6m - ~3m = 6m

Top holder of mntp has 6m mntp
#2 spot has 1.8m
#3 spot has 142k

I know where the extra 6m tokens went they are still sitting in the contract.

Here's what I want to know, can you tell me about the 200k Missing from the company wallet (the one closest to holding 2m), of which 55k of the 200k are currently being used to create liquidity on bancor's token market?

and whatever your answer, is that not a conflict of interest when you are compensated via the token option pool every 3 months if the price of mntp is less than the issuance price of mntp, and you're providing liquidity to a market that uses a formula that determines price based on its current holdings (liquidity)?

I don't even want to know why you defined call option at the end of your white paper....

Hi there,
I'm CTO of Goldmint.

You did a good investigation! Actually you're absolutely right that we withdrew 200k from the smart contract which holds our company's tokens. If you look at the code of this smart contract, you see we can withdraw not more 10% each month after ICO. 200k is exactly 10% of 2M. And you're absolutely right that we sent 55k of the 200k to Bancor's smart contact to bring more liquidity to the market.

There are no any secrets here. You can ask whatever you want. We're absolutely transparent.

Does this mean that you trade this amount of tokens on Bancor market yourselves or you transferred them directly to Bancor as the payment for the higher liquidity?

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

_______________________________________________________________

Swift signed agreements with the depositories of seven countries to inspect the use of blockchain

Swift has entered into an agreement with the central depositories of seven countries, including USA, Russia, Switzerland, South Africa and others, to explore the possibilities of using blockchain in post-trading processes (for example, in proxy voting).

The DLT CSD working group will inspect benefits and savings in post-trade processes. SWIFT doesn't disclose details of the deal, but the company also wants to be sure that DLT does not violate existing post-trading processes.

This is a positive sign for the blockchain industry, which points technology acceptance by the largest player in financial communications, uniting more than 10,000 financial institutions around the world with a daily turnover of trillions of dollars.

_______________________________________________________________

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

_______________________________________________________________

Regulation of the Crypto-Currency in Russia: Two steps forward, one back.

On one hand, Russian government is pleased with its speed.
The Finance Ministry expects to introduce a bill on the regulation of the crypto-currency and ICO in Russia until the end of February this year. This was reported by TASS Deputy Finance Minister Alexei Moiseev. A little more time will be taken to legalize crypto currency trading on approved exchanges, currently the Central Bank is opposed to this initiative.

Meanwhile, Russian President Vladimir Putin supported the "conservative" approach of the Central Bank to crypto-currencies. Responsibility for the situation with crypto-currencies in case of legislative regulation will be carried by the state, but for now risks are taken by citizens themselves, the president said.

At the same time, officials were allowed not to declare the Crypto currency.
Crypto currency is not included in the updated information on incomes, expenditures and property of civil servants, as there are no approaches to their definition and regulation at the legislative level.

Thus, for today, the crypto currency refers to gifts. That is especially important in the season of gifts in Russia 23/02 - 8/03. And gifts of gold have always been in demand.

_______________________________________________________________

infine

newbie

Activity: 4

Merit: 0

Quote from: guystyles on January 10, 2018, 03:16:33 AM

Let me know if I got this info right.

Company keeps 2m tokens
ICO ends, and you collected 7.3m
Tokens @ ICO cost $7
7,300,000/7=1,042,857 tokens
Total: ~ 3m tokens

Total supply: 9.6m
9.6m - ~3m = 6m

Top holder of mntp has 6m mntp
#2 spot has 1.8m
#3 spot has 142k

I know where the extra 6m tokens went they are still sitting in the contract.

Here's what I want to know, can you tell me about the 200k Missing from the company wallet (the one closest to holding 2m), of which 55k of the 200k are currently being used to create liquidity on bancor's token market?

and whatever your answer, is that not a conflict of interest when you are compensated via the token option pool every 3 months if the price of mntp is less than the issuance price of mntp, and you're providing liquidity to a market that uses a formula that determines price based on its current holdings (liquidity)?

I don't even want to know why you defined call option at the end of your white paper....

Hi there,
I'm CTO of Goldmint.

You did a good investigation! Actually you're absolutely right that we withdrew 200k from the smart contract which holds our company's tokens. If you look at the code of this smart contract, you see we can withdraw not more 10% each month after ICO. 200k is exactly 10% of 2M. And you're absolutely right that we sent 55k of the 200k to Bancor's smart contact to bring more liquidity to the market.

There are no any secrets here. You can ask whatever you want. We're absolutely transparent.

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

_______________________________________________________________

Smart Contract has been sent for security audit of the code.

In scope of GoldMint project evolution, the development of the Smart Contract has been completed today and it was sent to Positive Technologies company for security audit of the code. During the audit, structural testing of the software will be conducted to identify vulnerabilities. Excluding vulnerabilities can reduce the level of integrity, availability and confidentiality of the system. Find code on Github https://github.com/Goldmint/GoldmintDAO/tree/new-features/contracts

After the launch of the Smart contract, we will be able to emit and burn tokens, as well as control the movement of the fiat funds directly in the blockchain.

Brief information:

Positive Technologies https://www.ptsecurity.com is an international company specializing in software development in the field of information security. Provides services in the field of security analysis and compliance management.

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.

_______________________________________________________________

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

_______________________________________________________________

Listing on Bancor

31/12/17 our project was listed on https://www.bancor.network/discover.
This let change our token to others placed on Bancor, for example on Ethereum.
For ten days, the MNTP to dollar rate has increased in 70% from 1.86 to 2.71$.
This growth is promted by significant progress in the development of Gold coin MVP, which we will release, as promised in Q1 2018.

Brief information:
Bancor - provides a built-in mechanism for pricing and liquidity for tokens supporting smart contracts.
Features of Bancor.
- Constant liquidity: tokens can be bought or sold at any time, through Bancor's smart contracts.
- Absence of spread: The price is calculated by a smart token, which means that the buying and selling are carried out at the same price
- Lack of counterparty effect: you do not need the opposite side to make an exchange. A smart contract itself calculates the price and changes it to the selected token.
- Reducing volatility: Reserves give smart tokens a significant market stability and as result reduces volatility.

_______________________________________________________________

coinmr

full member

Activity: 210

Merit: 100

Quote from: guystyles on January 10, 2018, 03:16:33 AM

Let me know if I got this info right.

Company keeps 2m tokens
ICO ends, and you collected 7.3m
Tokens @ ICO cost $7
7,300,000/7=1,042,857 tokens
Total: ~ 3m tokens

Total supply: 9.6m
9.6m - ~3m = 6m

Top holder of mntp has 6m mntp
#2 spot has 1.8m
#3 spot has 142k

I know where the extra 6m tokens went they are still sitting in the contract.

Here's what I want to know, can you tell me about the 200k Missing from the company wallet (the one closest to holding 2m), of which 55k of the 200k are currently being used to create liquidity on bancor's token market?

and whatever your answer, is that not a conflict of interest when you are compensated via the token option pool every 3 months if the price of mntp is less than the issuance price of mntp, and you're providing liquidity to a market that uses a formula that determines price based on its current holdings (liquidity)?

I don't even want to know why you defined call option at the end of your white paper....

It's really interesting to hear an official answer from the Goldmint team if your thorough calculations are right.

coinmr

full member

Activity: 210

Merit: 100

Quote from: TONexpert on January 10, 2018, 03:32:28 AM

Not Found your token on coinmarketcap. Where can you buy it?

They have integrated with Bancor. So you can trade here now:
https://app.bancor.network/discover

But more traditional are Etherdelta and Yobit
https://etherdelta.com/#MNTP-ETH

https://yobit.net/en/trade/MNTP/BTC

TONexpert

newbie

Activity: 13

Merit: 0

Not Found your token on coinmarketcap. Where can you buy it?

guystyles

newbie

Activity: 18

Merit: 0

Let me know if I got this info right.

Company keeps 2m tokens
ICO ends, and you collected 7.3m
Tokens @ ICO cost $7
7,300,000/7=1,042,857 tokens
Total: ~ 3m tokens

Total supply: 9.6m
9.6m - ~3m = 6m

Top holder of mntp has 6m mntp
#2 spot has 1.8m
#3 spot has 142k

I know where the extra 6m tokens went they are still sitting in the contract.

Here's what I want to know, can you tell me about the 200k Missing from the company wallet (the one closest to holding 2m), of which 55k of the 200k are currently being used to create liquidity on bancor's token market?

and whatever your answer, is that not a conflict of interest when you are compensated via the token option pool every 3 months if the price of mntp is less than the issuance price of mntp, and you're providing liquidity to a market that uses a formula that determines price based on its current holdings (liquidity)?

I don't even want to know why you defined call option at the end of your white paper....

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

Greetings!

Quote from: matthewtherry on January 03, 2018, 10:21:20 AM

Does anyone know how fast the transactions will be? I'm wondering if this coin will be able to compete with Litecoin or Ripple in terms of speed.

Our upcoming custom-tailored blockchain can perform 10K transaction per second.

Quote from: l0uisStanley on January 03, 2018, 10:40:59 AM

Hey guys, when does MTNP tokens change to normal tokens and what do I have to do?

That process will start in 2Q of 2018. All ICO participants and MNTP token holders will be followed by the GoldMint team.

Quote from: baby222 on January 04, 2018, 11:03:15 AM

Hey guys, I think GoldMint has huge potential. I am however curious about why the price dropped so much when it listed from the original ICO. What are your thoughts?
I have no doubts that it will make it’s way back up to ico price sooner then later.

Here I have two versions. Those selling could be:
1) people who didn't read whitepaper properly thus had no faith in the project.
2) bounty hunters who did their job and didn't care about the project future.

Still I have to remind that the trading volume is still low therefore it doesn't describe the whole situation.

With regards,
team GoldMint

ElvenRaider

full member

Activity: 182

Merit: 100

Quote from: coinmr on January 06, 2018, 02:06:29 PM

Quote from: baby222 on January 04, 2018, 11:03:15 AM

Hey guys, I think GoldMint has huge potential. I am however curious about why the price dropped so much when it listed from the original ICO. What are your thoughts?
I have no doubts that it will make it’s way back up to ico price sooner then later.

Maybe many investors haven't read Goldmint White paper carefully enough to understand the project. And that is why they didn't want to wait for the establishing of the GOLD trade platform and dumped the coins.

i miss this information, so this token already enter exchagner of etherdelta
and this token price is fall
ICO price is $7 USD but as i can see today this token price at etherdelta is 0.003 ETH so itmeans it's around $3,2 USD
half from ICO price
roadmap is still long time to go

coinmr

full member

Activity: 210

Merit: 100

Quote from: baby222 on January 04, 2018, 11:03:15 AM

Hey guys, I think GoldMint has huge potential. I am however curious about why the price dropped so much when it listed from the original ICO. What are your thoughts?
I have no doubts that it will make it’s way back up to ico price sooner then later.

Maybe many investors haven't read Goldmint White paper carefully enough to understand the project. And that is why they didn't want to wait for the establishing of the GOLD trade platform and dumped the coins.

baby222

hero member

Activity: 1008

Merit: 501

Hey guys, I think GoldMint has huge potential. I am however curious about why the price dropped so much when it listed from the original ICO. What are your thoughts?
I have no doubts that it will make it’s way back up to ico price sooner then later.

coinmr

full member

Activity: 210

Merit: 100

Quote from: matthewtherry on January 03, 2018, 10:21:20 AM

Does anyone know how fast the transactions will be? I'm wondering if this coin will be able to compete with Litecoin or Ripple in terms of speed.

MNTP token is not just a coin with a value which is used only for transfers.

With MNTP tokens you can receive part of the commission for the operations with GOLD tokens.

l0uisStanley

member

Activity: 182

Merit: 10

Hey guys, when does MTNP tokens change to normal tokens and what do I have to do?

matthewtherry

member

Activity: 308

Merit: 10

Does anyone know how fast the transactions will be? I'm wondering if this coin will be able to compete with Litecoin or Ripple in terms of speed.

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

Quote from: capensis on December 27, 2017, 03:14:57 PM

Hi destruct

1) last week I sent a message to Goldmint via message section on ICO page. I have not recd a reply and that message section has since been deactivated. In my message I made a suggestion that Goldmint consider trading/listing Silver also as industrial demand and price is going to greatly increase % wise due to its use in new medical and anti gravity technologies etc due to be announced over the next couple years.
Can you please bring my suggestion to Goldmints admin and let us know here on forum what they think about it. Maybe this would require a community vote

2) re staking/mining use of MNTP token.I want to stake/mine but know nothing about it and find it a bit confusing. Can I use my MNTP token to stake/mine on Bancor and if so how do I go about setting this up. With staking/mining what sort of a computer does one need ? So I assume your computer needs to be running 24/7 ? Can a collective maybe formed so MNTP holders can pay someone with computing power to stake/mine their MNTP for a % of fees/profits recd ?

Cheers

Greetings!

1. Done. First GoldMint will reach all planned milestones according to the roadmap.

2. Right now there is no possibility to put your MNTP tokens on stake. Regular sort of a computer should be enough because staking does not depend on the used powers. GoldMint will provide computing powers for those MNTP (MNT) token holders who are in need.

With regards,
team GoldMint

coinmr

full member

Activity: 210

Merit: 100

Waiting for the Goldmint GOLD tokens to be launched. The increasing usage of GOLD tokens and the higher commission for MNTP token holders will increase the demand for MNTP for sure!

See you in 2018!

destruct

sr. member

Activity: 1232

Merit: 250

Alexander KOSTIN | GoldMint

_______________________________________________________________

It's nice to recall before a short rest an executed work. The year was long, much was done, ahead - even more cases. Therefore, the post is not the last

In May 2017 we announced the creation of GoldMint - a blockchain-based platform wich operates gold-backed cryptoassets GOLD. In less than a week we held Pre ICO - without an advertising campaign and with a virtually zero marketing budget. For 36 hours we managed to sell 300 thousand MNTP tokens worth $600 thousand. The project was invested by Igor Ryabenkiy, Managing Partner of AltaIR, Alex Butmanov, Managing Partner of DTI, Evgeny Ezhov, General Partner of Omega Investment Solutions, and others. When we saw that such serious investors believe in our project, we did not have any doubts of success.

We set the ICO date on September 20. And we had just over three months to prepare it: we had to launch a website, plan and conduct an international marketing company, write smart contracts, provide legal support, and so on and so forth. There was not much time, but we managed. And we managed despite the fact that right in the middle of the road we had to seriously review the strategy (but not the essence) of the project. At the end of July, the US Securities Commission (SEC) issued a press release stating that “security” tokens are equated with securities, and therefore should be regulated as well as shares. We had to figure out how to make MNTP security tokens not security - it required some modification of the concept, as well as additional costs, including for programmers. We had to close the ICO for the citizens of the US and Canada, until the position of the regulator of these countries regarding the ICO becomes more certain. We wanted to follow the laws of all countries in which our company somehow plans to work. And we adhere to this principle up to now.

Shortly before the launch of our ICO, the Chinese government banned its citizens this investment tool. As a result, the way to investors of the biggest crypto markets - the USA and China - was closed for us. Despite this, GoldMint managed to attract investments about $ 7 million (at the exchange rate at the end of the ICO on November 11). This is more than enough to fulfill all obligations to investors in 2018. We work in accordance with the road map announced before the ICO and confirm all the terms.

The main emphasis in the first month of the new year we will do on the promotion of the GOLD token. Including for this we hired a new marketing director - earlier this position in the company was vacant. We have been looking for the right specialist for a very long time, and we are very happy that we are entering the new year with a new employee on this important post . We will present him in the new year.

GOLD tokens will be launched in the first quarter of 2018. To do this, we are preparing to launch a new site from which users can buy or sell GOLD tokens. In January, the alpha- and then the beta version of the site will be ready. We have already written the smart contracts necessary to launch GoldMint on the Ethereum network. And in the second quarter of 2018 we will launch the platform on our own blockchain. We integrated with the online user verification (Shufti Pro) to comply with the law: verification is necessary for transactions with turnover of more than 1000 euros per month. At the same time, we are working on our utility-tokens MNTP. They are already traded on the exchanges Ether Delta and Yobit.net, negotiations are being held with other major exchanges. We are sure that with the launch of #GOLD, the price of #MNTP tokens will only grow.

This is only a small part of what we managed to do in the seven months that have passed since the launch of GoldMint. We know that we still have a long way to go to realize our ideas and dreams. And we are sure that we will manage to do this - thanks to our hard work and your support.

We wish everyone a happy New Year!:)

_______________________________________________________________

Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 74. (Read 169023 times)