Typically if you hold backed gold you have to pay a storage fee (often 3% per year). How will this be handled with the Quint? will you try and handle the storage fees with transaction fees? or will money be automatically deducted from wallets periodically? If i'm not wrong the money for storage and security of the physical gold has to come from somewhere and I'm just after some clarity as to how that will be funded.
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All included in the price.
Thats not really possible though, I assume you mean for this coin to be around for some time, I don't think there could be 40 years worth of storage included in the price for example? Only way I see of including it in the price is to have an expiry date on the token, ie, we issue this token and intend to hold the gold backing it for 20 years, and that is included in the price of the token, after that the token expires.
Also i'm aware that the whitepaper states: "To ensure adequate resources for both vaulting and insurance, as noted above, currently 30% of the premium on gold token sales and 50% of the premium on silver token sales will be deposited in QuinTrust for this purpose.", so thats good for 8-15 years or so, i'm inquiring about what happens after that?