GoldMint’s Bold Quest Into the Future
Gold’s long, storied history equally a prized precious metallic dates dorsum to ancient times. It garnered official condition inward the 19th century, when a pose out of European countries adopted the gilded standard. Over the centuries, gilded has achieved the distinction of existence 1 of the rarest in addition to in-demand assets on earth, leading to its reputation equally a prized origin in addition to shop of value.
Until to a greater extent than recent times, gilded was used equally money equally good equally the backing for other currencies. The term “gold standard” refers to a organisation where the value of a nation’s currency is tied to the quantity of gilded it holds inward reserve. But this organisation was abandoned over time, specially amongst the United States of America of America determination to suspend the at nowadays conversion of dollars to gilded inward 1971.
Due to its intrinsic value, gilded remains inward demand, in addition to prices tend to remain relatively stable. In fact, historically, whenever at that spot is a stock marketplace position crash, gilded prices sense an upward climb.
Today, due to concerns close the devaluation of fiat currency, in addition to given gold’s rail tape equally an investment “safe haven,” investors are in 1 lawsuit once again turning to gold. People are reassured yesteryear hard assets during times of economical uncertainty, important gilded tin live used non entirely equally a leverage against inflation, but equally good equally a hedge against hard economical times.
Minting a New Normal for Gold
As gilded continues to encounter renewed involvement due to its stable global standing, novel questions are emerging inward terms of how the cryptocurrency marketplace position tin benefits from gold’s attributes.
Enter GoldMint, a blockchain-based platform which operates a new, gold-backed crypto-asset called “GOLD” — the value of which is based on physical gold. This decentralized platform assists gilded owners inward trades, loans in addition to investments of gilded equally a way of realizing profitable returns. GoldMint facilitates this yesteryear purchasing, selling in addition to repurchasing GOLD at the electrical flow marketplace position toll for physical gold.
The fellowship behind the innovative platform, which was launched inward the commencement of 2017 in addition to is headquartered inward Singapore, utilizes exchange-traded funds (ETF) or physical gilded (of 999 quality) equally its security: GoldMint’s gilded reserves equal or overstep its mined amounts of GOLD.
GoldMint co-founder Dmitry Pluschevsky — who, despite existence entirely 36 years onetime — has been inward the information technology trace of piece of job organisation for xx years, in addition to has developed in addition to managed diverse types of other projects over the years.
“Many people travel inward hard situations in addition to getting a minor loan is sometimes the entirely way to live on hard times,” Pluschevsky said of the importance of the platform. “But for diverse reasons, these people cannot larn to the banks because they only volition non larn a loan. They in addition to thence mightiness larn to diverse microfinance agencies or mortgage lending networks, in 1 lawsuit again without whatever luck. GoldMint gives those who bring been cast out yesteryear the organisation the peril to larn dorsum on their feet. We believe that the technology scientific discipline that GoldMint is introducing to this marketplace position is a revolution, like to the innovation of the phone.”
GoldMint’s initial money offering (ICO) launched on September 20, 2017. Investors tin buy MNT pre-launch tokens, called MNTP, for $7. As of like shooting fish in a barrel terminal week, the projection had already raised $4 million.
Note: Trading in addition to investing inward digital assets is speculative. Based on the shifting trace of piece of job organisation in addition to regulatory surroundings of such a novel industry, this content should non live considered investment or legal advice.
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