Ninjastic
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Re: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️
by
Cryptoholic247
on 10/04/2018, 15:43:32 UTC
Quote from: Genovese on April 10, 2018, 08:27:09 AM
Quote from: xenomorphe1 on February 26, 2018, 08:28:33 AM
Quote from: dumble1 on February 26, 2018, 12:07:14 AM
Quote from: Genovese on February 25, 2018, 11:45:36 PM
Quote from: xenomorphe1 on February 20, 2018, 11:41:38 AM
Is it already backed with Gold? The price is 3 or 4 times lower than ICO price... And the ICO finished since 6 months ago? It is the slower price increase in an ICO i am participating...

This is an interesting point that should be explained: if the Goldmint token is really backed by gold, how on earth can its value tank 3 or 4 times lower than ICO price? Gold did not lose 3 or 4 times its value. Would someone please explain that?


That's a good question!

Probably large investors who bought tokens with large bonuses during pre sale dumped their tokens quickly?
It is not 3 times lower than the ICO price, maybe 2.5 times. The price is maintaining a constant value. It is like it is pegged with USD (3 times higher) and not with Gold... I suppose it is because there is still no gold?

If there is "still" not gold then what are we talking about? Do we have to TRUST that PERHAPS at some point there MAY be gold behind the tokens? LoL.

They have two tokens. The GOLD token is backed by gold. The MNTP is a utility token used for verifying transactions. The GOLD token has a stable price, but the MNTP token can increase in value depending on the demand.