GoldMint Project Plans to Provide 100 per cent Gold-Backed Stable Assets

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On the 8th of August, 2017, the GoldMint project is being launched to provide gold ownership solutions for cryptocurrency investors. Physical gold is an age-old method of payment and wealth preservation, due to its brilliance and value. Owning gold, however, requires expensive security, safekeeping, and insurance, in addition to being illiquid. GoldMint’s modern solution to these inherent problems is GOLD, a 100% gold-backed token.

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Gold & MNT Tokens

Taking all of the security advantages of its yellow metal counterpart, GOLD tokens are a stable, transparent and non-volatile means to hedge your crypto portfolio from wild market swings. GoldMint will ensure the coins persistent value physical assets as well as paper assets such as ETFs. Additionally, GOLD holders will be able to use their tokens in guarantees, loans, and escrow services. GOLD will be subject to a 5% purchase and 3% sale fee.

“I like the project team and their vision of becoming the first and largest player in the gold tokenization market as one of the benchmark financial assets,” stated Julian Zegelman, GoldMint Advisor.

GoldMint will also release MNT, its utility token used for operations, implementation of smart contracts, and for rewarding block creation and transaction confirmation. For facilitating the Blockchain, MNT owners will receive 75% of the commissions taken from processing GOLD transactions. Initially, MNT will be sold and distributed on the Ethereum Blockchain. After MNT is distributed, GoldMint will launch its own PoS Blockchain based on Graphene. Thus, it will be safer, more productive and faster.

This May GoldMint has already successfully run it’s pre-ICO raising 600 000$ in just 36 hours.

Cutiing-edge Blockchain Integration

GoldMint will incorporate several technological advancements into its project: Custody Bot, the Graphene based Blockchain, and its own custom API.

Custody Bot is a Blockchain connected robot programmed for inspection, temporary and long-term storage, and transfer of physical gold, jewelry, coins, or gold bullion. The groundbreaking unit will be installed in small banks, non-credit financial institutions, and pawnshops, as well as used by private individuals. When an item is placed into the Custody Bot, it conducts analysis using a spectrometer and state of the art weighing system and then stores information about weight, quality, and value on the Blockchain.

For merchants and developers, GoldMint will release its API for the development of third party apps and other interfaces. Use of the API will allow online stores to take GOLD as a payment method, enable loans to be secured by banks and other MFIs, and implement other services such as escrow accounts and financial guarantees.

The GoldMint Team and Advisors

The GoldMint team is led by Dmitry Plutschevsky, co-founder of Lot-Zoloto, a gold trading company based in Russia with a trading turnover of 100$ mln in 2017. Among the advisors to this project are Serg Umansky, founding partner at SIGNET; Alex Butmanov, managing partner at DTI; Igor Ryabenkyi, managing partner at Altair VC, and Julian Zegelman, managing partner at Velton Zegelman  .

The GoldMint project will serve all gold investors looking either to hedge their portfolio with GOLD or earn a return from facilitating the network with MNT. GoldMint founders predict that, in five to seven years, gold will be stored in, traded, and invested using machines like Custody Bot, and that the GOLD cryptoasset will become the trading unit for these operations. The launch of the GoldMint project will disrupt the billion-dollar gold market and establish itself as a market leader in the coming cryptocurrency revolution.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.

He sits on the advisory boards of some two dozen Blockchain startups
and has written over 1500 articles on Blockchain technology and
startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat

Ad honorem - Honorary Ph.d - Chair Professor of Blockchain at
China's first Blockchain University in Nanchang at the Jiangxi Ahead
Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business
Automation 4.0 programme. Chevalier (Knight) - Ordre des Arts et des
Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain Association.

Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission's SME
Instrument programme as a startup assessor and as a startup judge for
the UK government's Innovate UK division. Kastelein has spoken
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe

He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world

In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, 'The Hitchhiker's Guide to the Seas'
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. 

He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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