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FAQ



Welcome to the GoldMint FAQ!

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What is MNT token?

MNT (MNTP in Ethereum blockchain) is a utility token which is required if you want to mine GOLD or buy franchise for a Custody Bot.
Also, MNT token in the wallet gives you a discount for a GOLD transactions.

How to add MNTP to my Metamask or other Ethereum wallet?

Contract Address:
0x83cee9e086a77e492ee0bb93c2b0437ad6fdeccc
Token Symbol: MNTP
Decimals : 18

Which discount for a GOLD transactions can I have?

GOLD transaction fee depends on MNT balance of the sender:
* Has at least 10 000 MNT → 0.003%, but 0.002 GOLD fee is max.
* Has at least 1 000 MNT but less than 10 000 MNT → 0.003%
* Has at least 10 MNT but less than 1 000 MNT → 0.03%
* Has less than 10 MNT → 0.1%

Mimimal fee is 0.00002 GOLD More details

How to join pool and start GOLD mining?

You need to swap you MNTP to MNT in the personal cabinet. After it, just hold your MNT tokens in your wallet in Mint blockchain and you will recieve daily rewards in GOLD.

What is minimum amount of MNT required for mining?

There are no limits, you can start mining with 1 MNT.

How mining rewards distributed?

The entire commission is proportionally divided between GoldMint (25%) and MNTP holders (75%).
Among MNTP holders, the commission is distributed proportionally. At the same time, for those users who have less than 10,000 MNTP, there is an additional commission in the pool.
The commission fee is:
Less than 10 MNT – 50%
10-999 MNT – 35%
1000-9999 MNT – 15%
More than 10000 MNT – 0% More details

What is the exchange rate between MNTP and MNT?

It will be always 1:1

Where can I buy MNTP?

You can buy them on several exchanges like: Bancor, LiveCoin or YoBit. Details

Is MNTP listed on CoinMarketCap?

Do I need to pass KYC for operations witn MNT in your blockchain?

No, you can do it without KYC.

What is the total supply of MNT tokens?

Total supply is 10M tokens. 8.4M were unsold during ICO and they will remain frozen until token price won’t back to ICO level ($7)

How often rewards for mining distributed?

Everyday at 00-00 UTC

I didn't withdraw MNTP from the previous Ethereum mining pool, what should I do?

You need to go at this page: https://app.cyberbridge.ee/#/ethereum-pool
Connect your Metamask and withdraw your tokens.

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What is GOLD token?

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.

So GOLD backed by physical gold?

Technically not. But you can sell us GOLD in the personal cabinet and we will buy it for the price of physical gold.
We plan that in the future you will be able to swap your GOLD token to the gold coin (for example) via Custody bot. Or you will able to get a delivery of physical gold in exchange for your GOLD tokens, but you will need to pay for a delivery.

Where can I buy and sell GOLD?

Now you can do it only in the personal cabinet on our website.

In what blockchain GOLD token in circulating?

GOLD token is in our custom Mint blockchain.

Do I need to pass KYC for operations with GOLD?

Yes, you need to pass KYC for GOLD operations in the Mint blockchain. We have 3 stages of identification and limits.

More about stages of identification.

1-st stage – up to 0.06 GOLD monthly
You will fill your general information on our website.

2-nd stage – up to 0.75 GOLD monthly
You will need to send a photo of your passport to our support.

3-rd stage – Up to 50 GOLD monthly
You will need to pass proof of residence.

Can I get delivery of physical gold in exchange for my tokens?

Yes, you will be able to change your GOLD tokens for physical gold in the future. But you will need to pay for a delivery.

What is the fee for GOLD transaction?

Your fee will depend on how much MNT you have on the wallet. More MNTP] – bigger discount:
* Has at least 10 000 MNT → 0.003%, but 0.002 GOLD fee is max.
* Has at least 1 000 MNT but less than 10 000 MNT → 0.003%
* Has at least 10 MNT but less than 1 000 MNT → 0.03%
* Has less than 10 MNT → 0.1%

Mimimal fee is 0.00002 GOLD More details

How mining rewards distributed?

The entire commission is proportionally divided between GoldMint (25%) and MNTP holders (75%).
Among MNTP holders, the commission is distributed proportionally. At the same time, for those users who have less than 10,000 MNTP, there is an additional commission in the pool.
The commission fee is:
Less than 10 MNT – 50%
10-999 MNT – 35%
1000-9999 MNT – 15%
More than 10000 MNT – 0% More details 

How often rewards for mining distributed?

Everyday at 00-00 UTC

Can I buy GOLD for fiat?

Not now. The fiat gateway will be connected later – we need to show the entire scheme to the payment system.

What are you making with money from the GOLD sales?

The funds from the GOLD sales will be invested in the pawnshop business, as well as in the gold trading business.

What is the main difference between GOLD and simillar cryptos?

First of all, every month we pay interest rates to all GOLD holders. 0.03% every month. We invest money from the GOLD sales in the pawnshop business and their dividends give us the ability to pay interest rates to the holders.
Secondary, you can not only buy GOLD, but you can also mine it with the help of MNTP token.

When interest rates are paid?

On the first day of every month at 00-00 UTC

Legal questions about GOLD.

GOLD token is registered in Estonia. Link for the official document you can find here.
GOLD is selling by Estonian based company Cyberbridge. Cyberbridge licence you can find here.

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Why do you need custom blockchain?

1. We want all owners of GOLD tokens to use identified wallets. On our blockchain, wallets with a public address and private key cannot accept GOLD tokens and send them until they pass KYC. In other blockchains, such as Ethereum, any user can, without any identification, open a wallet and buy assets to the crypto sets in the OTC market without identification.
2. We plan to charge interest to the owners of GOLD monthly. Even a micro commission. In our blockchain, we are able to do this without a commission from an issue wallet. Thanks to this, the owner of GOLD token even for 10 euros will receive a fee every month. In other blockchains, this is impossible.
3. We want the commission for transactions of GOLD tokens to be charged in the GOLD tokens, and not on the ETH, for example.
4. Our clients need to know in advance the exact cost of the GOLD token transaction and be able to reduce this cost automatically, at the blockchain level. We have it implemented in three rates, prescribed at the level of the blockchain node. The application of this or that rate to the transactions of GOLD tokens depends on the presence on the wallet of the sender of the discount card – a certain number of utilitarian MNTP tokens.
5. We believe that the implementation of business logic at the level of the node protocol is more secure than the implementation of the token by programming a smart contract.
6. We think that using someone else’s blockchain makes us and GOLD holders dependent on the not transparent development strategy of an outside team.
7. Our blockchain is initially faster because it uses the PoS consensus algorithm.
8. Cons are also enough, but without using your own blockchain, the project is impossible in principle. We plan to use the Ethereum blockchain and the ERC20 standard for the distribution of MNTP tokens, but for the practical use of the MNTP tokens (ERC20), they need to be exchanged for the MNT tokens of our blockchain.
9. Here you can read what kind of algorithm to blockchain development we use: https://bit.ly/2JL5A6G
10. We do not plan to fully open the blockchain code, but we will undergo independent audits and competitions for hackers at the testing stage.

On what algorithm your Mint blockchain based?

Mint blockchain based on pBFT algorithm. You can read more about it here: https://bit.ly/2JL5A6G

What information is stored on the Mint blockchain?

Information about transactions, fees, and their timestamps is available in the Mint blockchain. Then, data received from Custody Bots after gold items inspections will also be available in the blockchain.

Why I need to pass KYC for making operations with GOLD?

This is regulator requirement. And we make several stages of KYC to make it easier for users.

What stages of KYC you have?

1-st stage – up to 0.06 GOLD monthly
You will fill your general information on our website.

2-nd stage – up to 1 GOLD monthly
You will need to send a photo of your passport to our support.

3-rd stage – Up to 5 GOLD monthly
You will need to pass proof of residence.

How mining rewards distributed?

The entire commission is proportionally divided between GoldMint (25%) and MNTP holders (75%).
Among MNTP holders, the commission is distributed proportionally. At the same time, for those users who have less than 10,000 MNTP, there is an additional commission in the pool.
The commission fee is:
Less than 10 MNT – 50%
10-999 MNT – 35%
1000-9999 MNT – 15%
More than 10000 MNT – 0%

How often rewards for mining distributed?

Everyday at 00-00 UTC

Techical specs of the Mint blockchain.

If you’re interested in Mint blockchain specifications visit BLOCKCHAIN SPEC website.

Where can i find blockchain scanner?

What is Lite Wallet?

Lite Wallet is a browser extension to control your tokens in the Mint blockchain. You can download Lite Wallet for Chrome or Firefox browser.

How to make a backup for the Lite Wallet?

You have a two ways for it.
1. Click on Menu button at the right top of the Lite Wallet. Choose “Account Details” tab. Here you can find private key from your wallet.
2. Click on Menu button at the right top of the Lite Wallet. Choose “Backup / Restore” tab. Here you can find backup .json file.

Which types of wallet are you have in the Mint blockchain?

Types of wallets in the Mint blockchain: Supervisor – administrator, Owner – commission collector, Emission – token emission/burning, Nofee – no commission is applied for sending digital assets, Authority – confirms clients after KYC, Approved – confirmed user’s wallet..

How can I track a work of your blockchain?

You can launch a witness node. Instruction you can find here.

What should I do to start mining in your blockchain?

You just need to swap MNTP to MNT in the personal cabinet and you mining will be started.

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What is Custody Bot?

Custody Bot is a robotized device, with the size of an ATM, which can evaluate and buyout your gold item, or you can buy gold from it. This is completely new device developed by GoldMint.

Why people need it?

Custody Bot changing the process of interaction people with gold. Now you don’t need to look for special places where you can evaluate and sell your gold item. You can just find nearest Custody Bot and make everything what you need via Bot.

Where Bots will be placed?

We plan to place them in the pawnshops, bank branches of our partners and shopping malls.

How long does it take for Custody Bot to evaluate 1 gold item?

It takes near 4 minutes.

How is Custody Bot making an evaluation?

We are using a spectrometer and a few types of weighing.

How you plan to distribute Bots around the world?

We plan to sell franchise for Custody Bots. But you will need MNT tokens for it.
If you want to learn more about franchise, visit this page.

How can I buy Custody Bot?

You can make a pre-order at the custodybot.com

Possible user cases

-Gold items evaluation.
-Items buy up from a customer and money transfer to the customer’s banking card or the GOLD cryptocurrency to the wallet.
-Old jewelry exchange for new ones with an additional payment to a client or with an additional charge to the client.
-Sale of new items to customers from pre-deposited gold items in the custody cells.
-Gold acceptance and withdrawal to/from customers’ precious metal accounts in a bank.
-Issuing a loan secured by a gold item with items subsequent return.
-Temporary custody of items.
-Delivery of an item purchased previously on the Internet – online goods delivery point.

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Where is GoldMint registered?

Goldmint PTE LTD is registered in Singapore.

How will GoldMint earn money?

We are will receive money from the commission for all operations inside the blockchain. The biggest part of the commissions is going to miners (75%) and the other part going to GoldMint (25%). Also, we will earn money from selling franchises for Custody Bots.

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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.