GoldMint, a forthcoming blockchain powered platform which will operate the gold-backed crypto asset GOLD has a little over 10 days left in its popularly discussed ICO. The startup recently brought in some extra support announcing that Charlie Shrem, who has been involved in some of the most successful crypto projects is now helping out the GoldMint team in an unofficial capacity.
In addition, GoldMint formally announced to its advisory board Daniel Kottke, Steve Job’s college friend and one of the first Apple employees and Mr. Leonid Boguslavsky, the Chairman, and CEO of ru-Net, a venture capital company based in Riga behind some of the world’s most exciting technology companies. Mr. Boguslavsky received a Ph.D. and doctorate in computer science, and in 2011, Russian Forbes listed Leonid as one of the most important players in Russia’s booming internet scene.
Regarding the latest fundraising numbers from the ICO, a checkup can be seen below:
At this point in the GoldMint ICO, the platform has raised 4137.83 ETH (1.26M USD) and 830.69 BTC (around 3.825M USD) at the time of writing, so roughly over 5M USD.
Some of the most important use cases for the GoldMint private blockchain platform include:
CASE 1 – HEDGING RISKS
Crypto traders, investors and other people who use crypto can use the GOLD stable coin to hedge risks and save their savings from volatility and dramatic changes in price.
CASE 2 – EXCHANGE UNITS
Low volatile GOLD cryptoassets can be used as a payment unit both for companies and individuals. The essence of digital assets makes them a fast, transparent and secure
CASE 3 – INVESTMENT
Two scenarios of GoldMint trust management of cryptoassets guarantees the investors profit in gold and is a transparent investment tool.
CASE 4 – LOANING CHARGED UPON GOLD
Individuals and companies can get a loan in fiat currency charged upon their GOLD cryptoassets. Credit cards with partner banks are emitted for this goal.