WHAT IS GOLDMINT
GoldMint runs on a blockchain ledger and works through a
digitized cryptoasset called GOLD whose cryptocurrency value is based on
physical gold. The decentralized platform uses a special blockchain that helps
gold owners trade, loan, invest in and, generally, use their commodities for
profit.
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.
Differences between GoldMint and other gold cryptocurrency
blockchains include the following:
·
GoldMint uses its own blockchain and altcoin,
called MNT, for GOLD transactions.
·
GoldMint uses Proof-of-Stake where miners are
doled out blocks/ transactions according to the amount of MNT they have. Proof
of stake (PoS) is faster, simpler and cheaper than proof of work (PoW).
·
Physical gold and ETFs are stored in a
programmed decentralized storage unit.
·
Custody Bot — GoldMint’s innovative storage unit
is programmed to automatically identify and store gold jewelry, small ingots
(up to 100 grams) and coins, without human intervention.
·
The characteristics of the GOLD cryptoasset
include the following:
·
100% transparency of information about all Gold
owned by GoldMint, disclosing the company’s gold reserves and its ability to
buy back GOLD at its current trading price.
·
GoldMint uses the decentralized blockchain for
smart contracts and for harboring its cryptoassets.
·
GoldMint uses ETF for liquidity and elasticity.
ETF helps you trade gold much faster than physical gold does.
·
A secured loan may contain gold, like jewelry or
coins. GoldMint helps you store this collateral in its unique Custody Bot.
·
The ability to receive passive income as market
price of GOLD rises.
·
Buyback of GOLD for fiat according to the
current price of GOLD.
·
A fast user registration system and
identification.
The GoldMint platform includes:
·
Its own blockchain that uses GOLD and MNT
cryptoassets.
·
Programmed safe deposits – namely, Custody Bot.
·
Application Programming Interface (API) for
building application software and for helping software components interact.
TARGET MARKET
·
Crypto traders – These participants can use GOLD
for hedging cryptocurrency volatility, as described in the white paper. GOLD
can also be used to convert cryptocurrency into fiat.
·
Standard investors – These investors may want to
buy GOLD as cryptocurrency or as a type of security.
·
E-commerce and self-employed individuals – GOLD
can be used to pay for goods and services. Its low volatility as an asset and
its predictability make it an invaluable form of currency.
·
Banks – GOLD cryptoassets give banks new
opportunities. There is free liquidity and extra earning potential from trading
gold into fiat and vice versa. The use of cryptocurrency has become a major
industry. Banks can profit from earning standard commissions, commissions on
gold storage, and from using the GoldMint cash management system. At the same
time, banks that invest in GOLD reinforce GOLD’s reputation, which increases
their profit. Banks also earn commissions from participating in the GoldMint
partner program.
Today, overall cryptocurrency circulation
has exceeded $700 billion a year and the commissions for deposit and withdrawal
are more than 5%.
In case the bank sets lower commissions for
GOLD buy/sell for a client, most transactions (cryprocurrency deposit and
withdrawal) will switch from underground exchanges to the banks. At the same
time, the integration with GOLD only is necessary, while all the other
cryptocurrencies can be purchased on a cryptoexchange directly.
Banks also have revenues from cash
management and commissions charged for stored gold owned by GoldMint company.
Another source of income for banks is revenue from the partner program which
includes adding GOLD digital assets to the product line of the bank’s
department of wealth management.
I C O D E TA I L S
MNT P ( M N T PRE-L A U N C H ) T O K E N S
MNTP tokens are offered for saleduring
GoldMint ICO. There is also a special bonus offer for early birds.The crowdsale
will run one month or untill all tokens are sold out.
Overall supply: 10 000 000 MNTP
For sale: 7 000 000 MNTP
Price: $7
M N T T O K E N S
As soon as GoldMint blockchain is deployed,MNTP
tokens will migrate to MNT used for verifying transactions in GOLD.The more MNT
tokens the user has, the more transactions they can verify and the larger bonus
they get. 75% from GOLD transactions commissions are allocated to the miners
who had verified a particular transaction.
Website : https://www.goldmint.io
Twitter : https://twitter.com/Goldmint_io/
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