HOW IT WORKS

MINT is an open blockchain network based on the proof-of-stake algorithm. Technically, the data is transferred to the blockchain from the pawn shops accounting system, or a Custody Bot sends it automatically. After the pawn shop Operator/Custody Bot evaluates the customer’s product and adds it into the pawn shop’s database, the relevant information is recorded in the blockchain.

In order to use the network, pawn shops pay a commission for transactions. 75% of these commissions are received by the holders of MNTP tokens for storing data and participating in transaction verification. The reward for MNTP holders is paid in an internal system in crypto asset GOLD. The cost of crypto asset GOLD is tied to the troy ounce of 24K gold. Token holders should launch a Master Node in the MINT blockchain to receive a reward.

Value and synergy of the project’s elements and their role
in pawnshop industry reforming.

PAWNSHOP INDUSTRY

Gold-secured loans are regularly used by more than 500 million people around the world.

 

The estimated value of gold-secured loans is close to 110 billion dollars.

 

It is a stable enough business, 90% of loans are returned, and the remaining 10% are compensated for the sale of pledges for scrap.

 

The annual turnover of buy-ups gold at pawn shops is about 36 billion dollars.

 

Although pawn shop business is conservative, and usually uses an old-fashioned business model (many of them have not been changing their operating model since the XVIII century), new technologies are ready to significantly influence valuation process and relations among borrowers and creditors today.

 

Pawnbroker History Wiki

GOLD BACKED CRYPTO

What is GOLD?

Crypto asset GOLD coin is securitized pawn shop loans backed by real gold items. It is the heart of the GoldMint ecosystem. The cost of 1 crypto asset GOLD is equal to the cost of 1 troy ounce of 24K gold on the LME London Stock Exchange. Emission of crypto assets GOLD does not exceed the amount of gold held in partner pawn shops as collateral for loans and recorded in the MINT blockchain network. When you buy 1 GOLD we invest money into different pawn shop chain loans around the world.

SELL/BUY GOLD

The GoldMint company undertakes to buy out crypto assets GOLD from any user at the spot price of 999 rate gold on the LME

CUSTODY BOT

The solution for inventory and accounting loans secured by gold without human intervention.

The Custody Bot is a fully automated ATM size pawn shop, specified for automatic gold evaluation and storage. This machine contains hydrostatic scales and a spectrograph to evaluate jewelry pieces. With the help of the Custody Bot we auditing the pawn shop loan portfolio without human intervention. All data entered in a private blockchain network adds transparency and enhances operational management. At the same time, the machine serves as GOLD Issuer and the custodian in the MINT blockchain, excluding the human factor. GoldMint uses a Custody Bot to build the largest automated pawn shops chain.

 

KNOW MORE

MINT BLOCKCHAIN

We have developed MINT Blockchain for doing data consolidation. Developing your own blockchain based on proof-of-stake consensus has a number of technological benefits for inventory and asset management, and for the process of coordination between pawn shop chains. However, MINT Blockchain (based on the original pBFT protocol) has no analogs in the world.

It has following characteristics and benefits:


• Higher transaction speeds through the use of a proof-of-stake consensus algorithm (data bandwidth is about 600 transactions per second).
• Fixed commissions for the transfer of crypto assets.
• Increased security due to the implementation of its own logic of work in the master nodes without the use of smart contracts.
• Implementation of an economic model according to which the revenue from transactions is shared with owners of MNT(P) tokens.

What is MNTP token?

MNTP (ERC20) or MNT (MINT blockchain) is a utility token serve for transaction verification within the MINT Blockchain network. MNT(P) tokens as master node are used by the holders to verify every single GOLD transaction and any data in the blockchain. Two types of the commission (in the form of GOLD and MINT) received for data recording go to the system wallet, and 75% of the total amount of these proceeds is distributed among the active master nodes that are ready to participate in consensus.The distribution is in proportion to the MNT(P) tokens frozen at the address tied to the master node.

Also, MNTP holders get:


• Low commission for crypto asset GOLD transaction
• Zero commission for GOLD/ETH exchange
• MNTP tokens are used to pay for recording any data in the MINT blockchain.

  • Buy 10k+ MNTP
  • Launch Master Node
  • Earn GOLD

GET READY FOR PROOF OF STAKE MINING

Know more about MNTP token…

By launching your own node in MINT blockchain you’ll be able to receive a reward from GOLD transactions. In order to setup master node you should have:


• Host machine with at least 2x2GHz processor, 4GB RAM, and static IP address or deploy a Cloud Server;


• CentOS 7 operating system with opened for incoming connections ports: TCP 50555;


• At least 10 000.1 MNT.

GET MINT BLOCKCHAIN WALLET

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ABOUT US

GoldMint founders have broad experience in the gold processing industry, with a combined experience in scrap gold trading, refining, accounting, software development and providing services for pawnbroker business. We bought and modernized the oldest pawn shop chain, MosGorLombard. Our company, Lot-Zoloto, has reached over 5000 kg of scrap gold trading annual turnover in less than two years.

With international knowledge and personal expertise, we have developed an industry-changing solution that is based on tested technologies and gained experience.

BOARD OF DIRECTORS 

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Chairman

Alexey Chuykin

Co-founder Plastic Media / SMXCom, 7Seconds Former CEO DIXIS, Euroset, Detski Mir.

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CEO, Board Member

Dmitry Pluschevskiy

Co-founder of LOT-ZOLOTO Gold Trading Company. Entrepreneur (IT projects).

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Board Member

Igor Ryabenkiy

Managing Partner at Altair Capital Management.

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Board Member

Dmitry Evenko

Senior partner at Whiteridge Advisors SA. More than 20 years on the management positions of international hedge funds.

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Board Member

Konstantin Romanov

Former Rosbank Vice-president. Former Norilskiy Nikel. Advisor to CEO. CBDO at LOT-ZOLOTO.

TEAM

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Co-founder, CEO

Dmitry Pluschevskiy

Co-founder of LOT-ZOLOTO Gold Trading Company. Entrepreneur (IT projects).

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COO

Vladimir Karpenko

Founder of Lombard Payments platform. Significant work experience in banks and fintech projects.

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CBO

Anton Antonov

Head of IT projects in retail, marketing, and education since 2010.

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CLO

Vasily Shadrin

13-year work experience as a in-house lawyer in Russian divisions of LG, Samsung, KT & G, Continental, Benteler.

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CTO

Konstantin Pichugin

IT-programmer, since 2006. Desktop and mobile apps, games, 3D simulators. Blockchain developer.

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Backend Developer

Aleksey Borisov

Lombard Payments developer. Software and web apps developer with 10+ years of experience.

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Devops Engineer

Maksim Reshetov

Developing since 2006. Desktop and mobile apps, games, 3D simulators. Blockchain developer.

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Software Developer

Vasiliy Rusyakin

Software developer with 10+ years of experience, from apps up to business solutions.

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Lead Engineer

Andrey Rakhmatullin

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Engineer

Stanislav Kudrevich

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Engineer

Dmitry Perov

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Engineer

Eduard Mingazov

The information published on this website is not a public offer of GoldMint PTE ltd. company. The responsibility for the decisions you make based on the information published on this website is yours. You have no right and should not purchase MNTP tokens (pre-launch) in case you are a citizen, resident (tax or else) or green card holder of the United States of America or Singapore or if you represent these countries somehow else.