GoldMint runs on a blockchain ledger and works via a digitized cryptoasset called GOLD whose cryptocurrency value is based on physical gold. Goldmint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint gold reserves equal or exceed its mined amounts of cryptoasstes GOLD.
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