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Re: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️
by
infine
on 22/01/2018, 15:49:49 UTC
Let me know if I got this info right.

Company keeps 2m tokens
ICO ends, and you collected 7.3m
Tokens @ ICO cost $7
7,300,000/7=1,042,857 tokens
Total: ~ 3m tokens

Total supply: 9.6m
9.6m - ~3m = 6m

Top holder of mntp has 6m mntp
#2 spot has 1.8m
#3 spot has 142k

I know where the extra 6m tokens went they are still sitting in the contract.

Here's what I want to know, can you tell me about the 200k Missing from the company wallet (the one closest to holding 2m), of which 55k of the 200k are currently being used to create liquidity on bancor's token market?

and whatever your answer, is that not a conflict of interest when you are compensated via the token option pool every 3 months if the price of mntp is less than the issuance price of mntp, and you're providing liquidity to a market that uses a formula that determines price based on its current holdings (liquidity)?

I don't even want to know why you defined call option at the end of your white paper....



Hi there,
I'm CTO of Goldmint.

You did a good investigation! Actually you're absolutely right that we withdrew 200k from the smart contract which holds our company's tokens. If you look at the code of this smart contract, you see we can withdraw not more 10% each month after ICO. 200k is exactly 10% of 2M. And you're absolutely right that we sent 55k of the 200k to Bancor's smart contact to bring more liquidity to the market.

There are no any secrets here. You can ask whatever  you want. We're absolutely transparent.


Does this mean that you trade this amount of tokens on Bancor market yourselves or you transferred them directly to Bancor as the payment for the higher liquidity?



It means that we transferred MNTP tokens to Bancor market. It wasn't the payment to Bancor company. 
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Topic
Re: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️
by
infine
on 14/01/2018, 09:20:41 UTC
Let me know if I got this info right.

Company keeps 2m tokens
ICO ends, and you collected 7.3m
Tokens @ ICO cost $7
7,300,000/7=1,042,857 tokens
Total: ~ 3m tokens

Total supply: 9.6m
9.6m - ~3m = 6m

Top holder of mntp has 6m mntp
#2 spot has 1.8m
#3 spot has 142k

I know where the extra 6m tokens went they are still sitting in the contract.

Here's what I want to know, can you tell me about the 200k Missing from the company wallet (the one closest to holding 2m), of which 55k of the 200k are currently being used to create liquidity on bancor's token market?

and whatever your answer, is that not a conflict of interest when you are compensated via the token option pool every 3 months if the price of mntp is less than the issuance price of mntp, and you're providing liquidity to a market that uses a formula that determines price based on its current holdings (liquidity)?

I don't even want to know why you defined call option at the end of your white paper....



Hi there,
I'm CTO of Goldmint.

You did a good investigation! Actually you're absolutely right that we withdrew 200k from the smart contract which holds our company's tokens. If you look at the code of this smart contract, you see we can withdraw not more 10% each month after ICO. 200k is exactly 10% of 2M. And you're absolutely right that we sent 55k of the 200k to Bancor's smart contact to bring more liquidity to the market.

There are no any secrets here. You can ask whatever  you want. We're absolutely transparent.

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Topic
Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️
by
infine
on 08/09/2017, 16:05:54 UTC
What difference between Goldmint and other gold-based cryptocurrency? Roll Eyes

Hi there.

I just prepared an article regardint this topic. check this link out https://docs.google.com/document/d/1xdh_7lh9l2RKb9iCtgaEomikiqZMFFPt7X3ZIyzhx7E/edit?usp=sharing

I think it would be helpful. Very soon it will be posted in Goldmint's medium account https://blog.goldmint.io/
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Topic
Re: ⚡️[ANN][ICO]GOLDMINT - ⚡blockchain platform operating gold-backed cryptoassets⚡️
by
infine
on 08/09/2017, 15:57:35 UTC
When first exchanges? Tell me before I invested.

Hi there! my name is Konstantin. I'm CTO of Goldmint

Usually exchanges add new tokens during a month after ICO is finished.