Greetings!

Quote from: oldone on September 15, 2017, 09:06:03 AM

I know there are a few coins that are backed by gold. I've been following Xaurum for example.
Can you explain what are the diferences between GoldMint and Xaurum if you know maybe?

What I see from their first website page. Their concept doesn't bring anything new. You can buy their gold-backed tokens. What for? Each token costs as 1g of 999 gold. How can they prove it? They have ETH based blockchain which is slow. Energy wasting Proof-of-work. Do they design custody bots to be the first in the world to refinance physical gold kept on hands? What is their benefit to the market? Their concept isn't full for my opinion : )

Quote from: nmrcngrb on September 15, 2017, 09:19:29 AM

Quote from: oldone on September 15, 2017, 09:06:03 AM

I know there are a few coins that are backed by gold. I've been following Xaurum for example.
Can you explain what are the diferences between GoldMint and Xaurum if you know maybe?

As far as I have researched, it has 2 main differences.
1st GoldMint holds phisical gold and/or ETF as backing in contrast to Xaurum which holds only Phisical gold.
2nd GoldMint has fix backing, so it's like holding phisical gold or ETF, Xaurum has growing gold base. This means that in the first moment ammount of backing is on GoldMint side since it is 100% backed by gold and Xaurum is not, but eventualy you will have more backing in Xaurum since it has growing gold base.
Both coins have some additional features which makes them unique.
They are both good on the field where they are playing although GoldMint still have time to prove it since it is on the begining of the road. I believe it will.
As far as I understand GoldMint is more on the field of hedging and security, but Xaurum with growing gold base brings more potential growth.

Please devs correct me if I'm wrong.

These are the benefits of GOLD tokens:

1. STABLE PRICE.
- for cryptotraders it can help hedging risks after a busy day trading.
- for ICOs to hedge your risks when buying new tokens. As you know each ICO has their ETH exchange rate on the first day and rate is kept till the last day frozen. ALL ICOs usually continue for 1 month. And during this month ETH and BTC can suffer really big fluctuations of price.

2. CHEAP ENTRY.
The process to buy any of the cryptocurrencies today having fiat is accompanied with high transactions fees such as 5-8% or even more! Agree?
Same with selling your BTC or ETH for fiat. Is anybody happy with the 10-16% spread of FIAT-GOLD-FIAT circle?
We can provide same with less than 5%! HOW? We are going to deliver this service to banks. We already have banks agreed as they have plenty of GOLD and want to issue GOLD tokens backed by their physical GOLD.
Isn't it nice?

3. FIAT LOANING.
We are going to deliver p2p fiat loaning to our GOLD token buyers. How? As a collateral you can deposit your GOLD tokens to GOLDMINT and get a loan on a credit card issued by our bank partners. Why we decided so? There 60000 tones of GOLD excavated today. 30000 of them are on people hands, necks or kept in drawers. Nobody today can refinance physical gold better then pawnshops. Tired of 100-150% pawnshops interest anually?

4. CUSTODY BOT.
Here come our future tech - own designed robotic custody bots which can evaluate physical gold, issue GOLD tokens to those who will deposit their physical gold jewellery. Realtime. Hassle free. How is that?

5. CLASSIC INVESTMENT INSTRUMENT.
GOLD token holders can also deposit theit GOLD tokens to GOLDMINT trust management and get 6-10% anually.

With regards
team GOLDMINT!