Reflecting gold’s historical repute every bit a scarce as well as valued resource, Bitcoin has acquire known inward many investment circles every bit “digital gold.” With its unprecedented rise, Bitcoin’s worth is instantly estimated to live most twice that of an ounce of physical gold.
On August 7, 2017, the startup GoldMint was launched with the intent of ushering inward a novel digital era of golden every bit a shop of value. This projection aims to supply a unique gear upward of golden ownership solutions for cryptocurrency investors as well as enthusiasts worldwide. It is belongings an initial money offering (ICO) that starts inward less than 12 hours.
The GoldMint projection reaffirms the notion that physical golden is a respected method of payment as well as wealth preservation, all tied to its value as well as scarcity. Gold ownership, however, requires expensive security, safekeeping as well as insurance. GoldMint’s innovative approach seeks to address these inherent issues.
GoldMint purchases, sells as well as repurchases their native digital property called
“GOLD,” which is 100 pct backed yesteryear physical gold. It features an Exchange Traded Fund (ETF) which tin give the axe live utilized every bit a payment as well as investment tool for both companies as well as individuals inward hedging risk.
Capitalizing off of the inherent advantages of its physical counterpart,
GOLD tokens offering a stable, transparent, non-volatile agency of buffering one’s crypto portfolio from wild marketplace swings. Here, GoldMint is committed to ensuring that GOLD delivers consistent value through newspaper assets similar ETFs as well as futures every bit good every bit through physical assets. Moreover, GOLD owners volition live able to role their tokens to secure guarantees, loans as well as escrow services, all at a pocket-size v pct purchase as well as iii pct sale fee.
GoldMint volition also deliver a utility token known every bit “MNT” to facilitate operations, implement smart contracts as well as incentivize block creation as well as transaction confirmation.
During the early on stages of this project, MNT volition live sold as well as distributed on the Ethereum blockchain. After the MNT distribution has taken place, Goldmint volition launch its ain Graphene -based Proof-of-Stake (PoS) blockchain that offers a safer, to a greater extent than productive as well as faster experience.
Minting the Blockchain
GoldMint utilizes a blockchain ledger to execute trades, loans as well as investments for profit. The next are what brand the GOLD crypto property unique:
- 100 pct data transparency relative to all GoldMint GOLD. The society discloses its golden reserves, fostering the chance to purchase dorsum GOLD at its electrical current trading price.
- GoldMint utilizes the decentralized blockchain for smart contracts as well as for its crypto assets.
- ETFs are used for liquidity as well as elasticity facilitating golden trades which are far faster than those of physical gold.
- Secured loans tin give the axe live leveraged with GOLD, similar jewelry or coins. GoldMint assists inward the storage of this collateral through its unique Custody Bot, a blockchain-connected robot used for inspection, temporary as well as long-term storage as well as the transfer of physical gold, jewelry, coins or golden bullion.
- Members cause got the mightiness to earn passive income every bit the marketplace cost of GOLD rises.
- An alternative which allows for the buyback of GOLD for fiat according to the electrical current cost of GOLD.
- A fast as well as efficient user registration as well as identification system.
To back upward merchants as well as developers, GoldMint is inward the procedure of releasing an application programming interface (API) for the evolution of third-party apps as well as other interfaces. Use of this API volition let online stores to convey GOLD every bit a payment method, enable loans to live secured yesteryear banks as well as supply access to services such every bit escrow accounts as well as fiscal guarantees.
The Goldmint Team
Goldmint is led yesteryear CEO Dmitry Plutschevsky, who co-founded Lot-Zoloto — a golden trading society based inward Russian Federation with trading transactions totaling $100 million in 2017 — with old banker Konstantin Romanov. Serg Umansky, caput of portfolio administration at Whiteridge Investment Funds, Alex Butmanov, managing partner at DTI as well as Julian Zegelman, managing partner at Velton Zegelman, are with the advisors of the company
GoldMint founders predict that its unique value suggestion volition disrupt the billion-dollar golden market, allowing GoldMint to constitute itself every bit a marketplace leader inward the coming cryptocurrency revolution.
To larn to a greater extent than most GoldMint as well as participate inward its token sale, take in its website, read the white paper as well as follow the company’s social media channels on Facebook as well as Twitter.
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