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Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 99. (Read 169030 times)

sr. member
Activity: 358
Merit: 250
What are the price expectations? After a month? After a year?
sr. member
Activity: 536
Merit: 251
I see MNTP and MNT tokens here. What's the difference?
legendary
Activity: 1008
Merit: 1000
How can it be both backed by real gold and run on blockchain?

A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.

With regards,
team GOLDMINT

As your said, GOLDMINT has an exchange or platform to helps investors exchange GOLDMINT token to real-GOLD with fixed price, is right? Because I really can not understand the definition about apply blockchain technology for real-GOLD.
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

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
sr. member
Activity: 381
Merit: 250
sr. member
Activity: 378
Merit: 250
Any gauranteed coin won't be dumped when it reaches exchanges ?
full member
Activity: 294
Merit: 100
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?
sr. member
Activity: 415
Merit: 250
What exchanges should we expect? I need liquidity on my investments.
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

how can icos find gold profitable?

For the same reason as above. Generally, ICOs receive their funding in cryptocurrency which has unpredictable and dramatic volatility. GOLD, which aligns itself to LBMA, can hedge unpredictable money losses after the ICO has launched.

if the gold is damaged or stolen, who will take responsibility for?

The gold we use to back GOLD digital assets is all insured.

How can it be both backed by real gold and run on blockchain?

A GOLD token can be issued if only GOLDMINT has a troy ounce of physical gold or ETF available to back it. To back tokens with gold means to provide 100% guaranteed anytime GOLD tokens buyback by GOLDMINT their self. That will provide stable price for these tokens which is in lack on market today.

With regards,
team GOLDMINT
sr. member
Activity: 336
Merit: 250
Don't forget to get listed on all exchanges
full member
Activity: 294
Merit: 100
How can it be both backed by real gold and run on blockchain?
sr. member
Activity: 308
Merit: 250
if the gold is damaged or stolen, who will take responsibility for?
sr. member
Activity: 302
Merit: 250
how can icos find gold profitable?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

do gold commissions depend on the country/citizenship?

No. Rather, commissions and broker commissions are taken into account in calculating our commissions for GOLD.

how is it burned?

GOLD assets are burned, or destroyed, when physical GOLD is withdrawn from the Custody Bot.

how can gold help me hedging risks on the cryptocurrency market?

The price of GOLD is set according to the price of gold at LBMA market. GOLD has gentler volatility than cryptocurrency, so the risks of receiving less for buyback are less than had you used, say, bitcoin to make your transaction.

With regards,
team GOLDMINT
sr. member
Activity: 405
Merit: 250
Russian? Then good luck russsian team!
sr. member
Activity: 332
Merit: 250
how can gold help me hedging risks on the cryptocurrency market?
sr. member
Activity: 324
Merit: 250
sr. member
Activity: 336
Merit: 250
do gold commissions depend on the country/citizenship?
sr. member
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
Greetings!

how is gold emitted?

The amount of GOLD that is emitted depends on the amount of physical gold and ETF backing that GoldMint has in its reserves. The amount of GOLD in circulation can never exceed GoldMAn's reserves of physical gold.

which is the maximum amount of gold emitted?

The amount of GOLD emitted depends on (a) the validation of deal/ details stored in the blockchain and (b) on the authenticity and value of gold inspected by Custody Bot.

what are the commissions for transactions in gold?

Most times, when a person buys GOLD for fiat, the price for GOLD will be LBMA + 5%. When they want to sell their GOLD, the price will be LBMA +3%. The commission for managing gold is 0.2-0.8% per annum, depending on gold volatility and investor traffic. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ).

With regards,
team GOLDMINT
sr. member
Activity: 358
Merit: 250
I see goldmint going
 Over 1 billion
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