NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

GoldMint Opens the Sale of Crypto-Assets, Secured by Gold

NewsBTC
NewsBTC
7 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

GoldMint.io, the company pioneering in stable cryptocurrency hedged against real gold has opened its GOLD coin sale. The sale that began on April 12, 2018, allows cryptocurrency traders and standard investors to buy and sell these tokens on the Bancor Network in exchange for any of the 50 cryptocurrencies supported by the platform.

GoldMint’s GOLD coin is also available on both SIMEX (Singapore International Monetary Exchange) and IDEX (Decentralized Ethereum Asset Exchange). This is a once in a lifetime opportunity for cryptocurrency users to take advantage of this offer and purchase a stable coin to mitigate the risks generally associated with the cryptocurrency market.

The key building block that distinguishes GOLD from any other crypto-assets is the fact that real-world physical gold backs all GOLD coins. Gold is purchased on the Chicago CME exchange under delivery futures and then placed in a bank of the United States Federal System. In situations of high volatility, the GOLD tokens will allow crypto-investors to mitigate risk by converting their existing crypto-portfolio, instead of exchanging and parking the value in fiat currency.

The smart contract governing GOLD is designed to ensure that the number of tokens sold doesn’t exceed the amount of gold held by GoldMint. Additionally, the platform’s smart contracts guarantee complete transparency of information about all the operations including the amount of gold reserves held by the company. This information signifies the ability of GoldMint to buy back GOLD at the current trading price.

How to Buy GOLD?  

The GOLD coins can be bought using any of the cryptocurrencies exchanged at the Bancor exchange which will later be transferred to Ethereum wallet. The GoldMint platform is based on Ethereum blockchain, making it compatible with Ether wallets as well. By the end of 2018, the team behind the GoldMint platform plan to launch their very own personal account which will be designed with a multi-currency purse allowing users to buy tokens using fiat money, or if they prefer, choose to perform bank transfer, or make a purchase using their credit cards.

About the Company

GoldMint PTE LTD is a Singapore-based blockchain company for tokenization of gold. In 2017 GoldMint launched its ICO which ended successfully after raising $7 million — used to facilitate the further development of GoldMint platform. The platform itself operates two assets: GOLD (secured by gold reserve) and MNTP token, which is used as a utility token on the GoldMint blockchain for transactional purposes. Also, MNTP token holders gain access to preferential commissions for their operations with the GOLD assets. The platform’s tokens are now available for trade on the Bancor exchange network as well as other exchanges including YoBit, SIMEX, IDEX, and EtherDelta.

The decentralized GoldMint platform is designed to allow gold owners trade, loan, invest and use their commodities for profit. GoldMint will buy, sell, and even, repurchase GOLD at the prevailing market price of physical gold. The firm will then use the physical gold as security.

Retains 100% of GOLD Value

So, what makes GoldMint different from other gold cryptocurrency blockchains? Well, the team of developers has a long history of working with gold and cryptocurrency. They also possess the marketing, programming, logical, technical, and operational skills needed to maintain the stability of the coin, long-term. Experience aside, GoldMint uses its own blockchain and altcoins called MNTP, for GOLD transactions. GoldMint also uses a Proof-of-Stake algorithm where miners are doled out block/transactions according to the amount of MNT they hold, making transaction significantly fast than that on the Bitcoin network.

Physical gold and ETFs are stored in a programmed decentralized storage unit by GoldMint. The gold reserves are equal to the mined GOLD tokens, as dictated by the GOLD smart contracts. Custody Bot is an innovative programmed safe deposit designed by GoldMint to store gold jewelry, small ingots of up to 100 grams and coins, away from any human interference.

GoldMint was established to help the platform users convert gold into GOLD crypto-assets, and if they so wish, reconvert these GOLD assets into gold, with ease. By converting the gold into GOLD, the user not only avoids aggravation but also retains 100% of the value of the gold at journey’s end.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

世界中のトレーダーに選ばれている暗号資産(仮想通貨)取引所 Bitunix が、新規ユーザー向けに最大710 USDT相当が獲得できる特別キャンペーンを実施しています。 期間は2025年3月18日から...

rinsuzuki 1 week ago
Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Cryptocurrency has been around for years, but most people still can’t use it to buy their morning coffee. That’s starting...

ericdunne519 1 week ago

Jemlit vs Mystery Box World: Кой е “царят” на мистериозните кутии?

Мистериозните кутии превърнаха тръпката от изненадата във форма на онлайн шопинг, която комбинира хазартен адреналин и реални награди. От десетки...

Nikolay Aleksiev 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Unlock SPY Potential

SpacePay: Where Dogecoin and XRP Meet Real-World Payments

ericdunne519 17 hours ago
Presale Opportunity: The SPY Token Advantage: What Makes SpacePay Crypto Unique?

Presale Opportunity: The SPY Token Advantage: What Makes SpacePay Crypto Unique?

ericdunne519 3 days ago
Why Smart Crypto Money is Backing SpacePay's $1.1M Presale Run

Why Smart Crypto Money is Backing SpacePay’s $1.1M Presale Run

ericdunne519 1 week ago

Premium Sponsors

Press Releases

  • Synthetic Darwin Introduces Breakthrough AI With Israeli...

    6 minutes ago
  • Memecoins sao ativos inspirados na cultura digital

    Floki, SPX, Bonk Tăng 10% Giữa Cơn Sốt Meme Coin –...

    45 minutes ago
  • Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na 2 milióny do roku 2027.

    Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na...

    49 minutes ago
  • BTC Vượt $120K – Các Đồng Coin Tiềm Năng Nào...

    1 hour ago
  • 3 alt coin dưới $1 có thể biến $200 thành $2...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.