GoldMint
Crypto Overview
Project Overview
GoldMint was launched in 2017 as a platform aiming to create a stable cryptocurrency backed by physical gold. The project intended to allow users to tokenize physical gold and create a more efficient way to transfer and store gold-backed value digitally.
Purpose and Utility
The intended purpose was to serve as a gold-backed stablecoin platform where MNTP would act as the utility token for governance and transaction validation. However, as of 2023, there appears to be no active development or significant usage of the platform.
Current Status
Research indicates that the project has become effectively defunct. The official website is no longer operational, social media channels are inactive, and there is no evidence of continued development or maintenance of the platform. Trading volumes are minimal across exchanges.
Platform Activity
There is no observable developer activity on public repositories, and the ecosystem appears to be completely dormant. The intended gold-backing utility was never fully implemented at scale.
Crypto Impact
To assign a comfort level investing in GoldMint from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to GoldMint.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.