Hi I calculate something interesting:
so the Auresco buy more than 40kg( per 1g) phyisical gold to backup all coins (with money which was deposited for "mint".)This is about 2milion dolars for real asset in coins( 1g phyisical gold is about 50$)
1.if marketcap is about 8milion dolars worth, that means there is about quarter(25%) gold backup for all coins
2.today marketcap is about 6milions that means 33% gold backup for all coins.
BUT WHY I think there will be a nice story in Xaurum and its long term project. Becouse they spend money for real physical gold backup. SO THE product is interesting BUT isn't global known to this moment.
SO THEY WANT LONG TERM AND SAFE COIN if they want just a hyped price on 1 evro at this moment....they spent 2 milion for advertising not for gold backup...and there will be another baloon coin.
amazing JOB AURESCO, maybe a little bit more advertising will be great😀
The most important feature of XAURUM is: The gold quantity owned by ever XAURUM constantly increases. When people understand that their value in gold will soon catch the price they bought for, there will be only one question: What will be the market price at that time? In my view XAURUM is by far the most powerful crypto currency. |
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Christmas Xaurum Hack Report
Order is restored. The hack was unhacked. Results of our hack analysis can be found here: https://docs.google.com/spreadsheets/d/1GuSK4DwahHVxJVuZBwno2tnwJ-X6YIDxHCF3Fp7A998/edit?usp=sharingNearly all of the stolen funds have been retreived and the funds on exchanges (Bittrex and C-CEX) are frozen. Some of the funds were dumped before our actions, and the users will be compensated. - 18.58 M XAUR stolen (approximate value 1.4 M $). - The attacker sent 17.58 M XAUR to his addresses at 2:28 CET on: 0x0eb8fb894a58e67a238d8065e6f8d70690f5a290 999999.5 XAUR 0x3dba2e569559a5f1cc5a21f3106ec46f3640e301 8597998.5 XAUR 0x78134661e27962d6f84e5e2dcdd356acb462b0d1 7499999.5 XAUR 0xa6c20f2f035b402bd2700901e23970df3ce607b7 499999.5 XAUR verify on https://etherscan.io/token/xaurum- 499,999.50 XAUR sent to Bittrex at 03:49 CET - 499,999.50 XAUR sent to C-CEX at 09:56 CET - Markets closed at 10.30 CET - The blockchain was stopped at 10.40 CET https://etherscan.io/tx/0x63ed1f857d1293115f0c4cae3fea401341052e77601e027d480c4d834d879488- Finding a solution 11:00 - 14:00 CET - Theft analysis 15:00 - 16:00 CET - Solution testing 14:00 - 17:00 CET - Waiting on opportune moment 17:00 - 00:30 CET - 17.58 M XAUR was retreived by Xaurum Team at 00:37 CET  The remainder of the stolen funds are frozen on the attacker's account on exchanges. We have contacted the authorities and will provide them with our gathered data. Markets will reopen as soon as we can arrange that the funds on C-CEX will remain frozen. The balances on the chain have been restored to their legitimate order and users will be able to transact as soon as the markets start. The attacker tried to extort us on email with the email tgarfield@bk.ru and via pm on bitcointalk as the user MarkedlySuperior. We'd like to thank Bittrex, C-CEX, Livecoin on their amazing support on a holiday. Merry Christmas, Xaurum Team Congratulations! Good team work and good result. I believe it was not as easy at it looks now. I'm certain that most of other projects would be destroyed by such a hack. Now please: - prevent this to ever happen again, - settle this minimal damage, - fire the responsible ones who made this hack possible and - continue to work on Xaurum development as planned. All the best and good luck. |
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Update:
All the exchanges have been closed and our blockchain transactions stopped. This means that the attacker can not move his stolen funds.
Our team is doing an analysis of the adressess used to transfer the stolen funds, and have a plan on how to restore the majority of it. Good. I believe most funds will be recovered. Xaurum team reaction was extremely fast, so the damage should be minimal if any at all. |
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It looks like Santa Claus is already in town. 20 mio USD fresh money invested ? How much new gold it is and what is expected production price if that happens? It looks like that current market price is a present for us. Buy buy buy.
At this investment volume all quantities and prices increase appr. 10x. Base price in gold (Liquidation value) should be more than 20 $cents. You have to ask yourself what will the market price at that time. At current market price of appr. 9 $cents its very clear how big the opportunity is. Edited: Check out this link http://bitsify.net/html/articles/best-cryptocurrency-to-invest-in.html. XAUR one of four Cryptocurrencies to invest in. |
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Very good news.
Important steps are taken. I like the results and planned activities.
Merry Christmas
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We have noticed that our production price mechanism is not working well, because it can be easily exploited...[/center]
Can you explain what kind of exploit are you talking about? And doesn't lowering the amount of coins acquired from the markets will have impact on market price? New definition guaranties: 1. new gold for community - positive impact for all holders and rise of the base price 2. minting lower amounts of FIAT - now Masternodes can mint any amount and still benefit the community 3. lower support for speculative sales at production price New definition benefits every holder in community and adds flexibility to Masternodes. It will have a very positive effect on market and base price. It will add liquidity and volume on exchanges. Old definition had limitations and wasn't fair to everybody. |
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Does anyone know if, that in the event XAUR eventually pays dividends to holders, would these dividends be paid directly into myetherwallet ? I keep my XAUR in myetherwallet,
DD
There is no dividends for holders, we have an increasing commonwealth that rises in value benefiting increasing the gold value of XAUR, so it doesn't matter where and how you store them, as long as they are safe. Actually Xaurum pays "golden dividends" to every XAUR holder at every mint. This means that the quantity of gold owned by XAUR holder increases every time new XAUR is made (mint, mine). Example: at last mint approximately 2 kg in 1g gold bars (appr. 100.000 USD) was given as golden dividend to all XAUR holders increasing their gold quantity for 4,65%. So, as you can see, XAUR has by far the biggest dividends on the market. |
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Why people sell for less than the production price is beyond me.  ? . If the production price is 11 cents....why sell for 10 or 9 or 8 cents. It's stupid in my opinion. People will always be selling. Its fact of life. One thing is different when you sell XAUR - you will have a lot of problems buying it back cheaper. Currently it is possible to buy very small quantities below production price. It's already impossible to buy larger quantities this way. Reasons: - mint frequency and volume will increase - mining is coming - Xaurum offices are opening around the world So, if you sell below production price you need to understand that the only way to get back is at higher prices. |
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Explanation: Sacrifice
Xaurum is a representative currency and is always backed with some determinate quantity of gold,
because of this property, the quantity of money supply directly determines a part of its value.
This means that whenever a xaurum is provably destroyed or burned,
or sacrificed, it can be subtracted from the total Xaurum money supply, while the quantity of gold remains the same;
it therefore distributes the gold it represented before it was destroyed to all other existing xaurum.
Because of this, Xaurum benefits uniquely from destroying its money supply, as the effects of this destruction are at least partly measurable.
For this reason sacrifice is an easy to implement way to help the Xaurum commonwealth as a whole, or implement payments that reward all users.
Examples of mechanisms using sacrifice:
- Golden fee
- Allies
Whether, affect the price of bitcoin and dollars ?? Also have a Q, is production price tied to BTC or $ ? what if BTC goes up to 1k? I believe production price is tied to gold and represented by USD currently. No currency rise or fall has no effect. |
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Explanation: Sacrifice
Xaurum is a representative currency and is always backed with some determinate quantity of gold,
because of this property, the quantity of money supply directly determines a part of its value.
This means that whenever a xaurum is provably destroyed or burned,
or sacrificed, it can be subtracted from the total Xaurum money supply, while the quantity of gold remains the same;
it therefore distributes the gold it represented before it was destroyed to all other existing xaurum.
Because of this, Xaurum benefits uniquely from destroying its money supply, as the effects of this destruction are at least partly measurable.
For this reason sacrifice is an easy to implement way to help the Xaurum commonwealth as a whole, or implement payments that reward all users.
Examples of mechanisms using sacrifice:
- Golden fee
- Allies
Excellent. Unique again. |
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@puhi
You are probably joking about 2 tokens without fake vol, but you know what Im talking about.. Lets say BTC and ETH and...
80% of vol is fake, how fakes it? We can asume, but we dont know for sure, I only know that I ve taken advantage few times of the guy doing it.
Xaurum is nr 26 on market cap value.
Now question for you: You name 2 tokens with market cap 8mio or more (since we are looking get bigger ) and has 80% of fake vol??
Hard to answer since we dont know the amount of fake vol on other coins but I think you got the point..
I got it. Well it was a joke with quite a bit of bitter crypto reality in it. You got it and know why I said that. In the flood of air pumped coins and tokens, this real value - down to earth XAUR story has started. My view on fake volume is a bit more radical than yours. I do not believe there is one coin or token that has 100% real volume. Fake range is from 5% to 100% depending on the coin. Pumps and daily volume are usually done by investors investments in "development and marketing" :-) or by friendly 0% fee traders on all exchanges. But lets go back talking XAUR more... |
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I agree with anarh that demand is the problem. If you for example need 20btc which is aprox 12k usd, the demand is so weak you would need at least a week to get 20btc at avg price of 30% lower then mint price. If you need it like really fast you can expect if you are optimistic to get 20btc at 40% lower then the mint price. And 12k$ - 20btc is a drop in the sea comparing to market cap of 8mio usd..
Just please dont give me arguments of 80btc daily volume since 60btc is fake for sure on ccx. Been watching volume lately and its a fact that there is fake vol in ccex. Since Trex is open now for few days its hard to say if there is also fake volume, but also the daily vol is 20 btc which is quite emabarassing for 8mio cap coin.
XAUR was only launched a few months ago. Demand is currently a problem. The obvious solution for the demand is higher frequency and volume of minting and of course mining. Both processes directly influence trade volume on exchanges. There are additional constant demand opportunities on the market as well. I believe XAUR team is working hard at these solutions. When this is set up, you will be able to sell unlimited quantities at production price, but you will not be able to buy a lot of XAUR below production price. For now XAUR is top opportunity for mid to long term investment (6-12 months). BTW: Can you name 2 coins or tokens without fake volume. |
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just fake volume on Trex
Ccex has 80 btc yesterday, is it also fake volume? But i am not sure, i think this is a 8 million project, this volume is very normal. Could be but i could tell XAUR would have much volume if its on bittrex. Most traders are on polo and trex, if its there chances is that we'd all be trading XAUR. 80btc in trading(volume) isnt this big... bittrex still smaller than polo but 80btc can be achieved easily. yes it is easy to achieve there's a lots of big investors that can play with xaur as we seen good potential coming from this project. Why should big investors play with xaur? It is not enough "to go on the street and show legs". Competition is high at the moment. We need news and medias. Ok. Let's make this discussion a bit more interesting. 1. What do you think would happen to XAUR prices (base price, production price and exchange price) if new investors invest 5 million USD - through masternode mints for example. 2. What do you think would happen to XAUR prices (base price, production price and exchange price) if gold goes up 30% till the end of this year (probably after US elections). You can guess or use the coinage formula... |
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Yeah....back in the forum somewhere there was a rumor that our Xaurum Dev. team was part of Iconomi.
Nice find jure90.
Iconomi is (will be) a fund manager and will become one of Xaurum allies in my opinion. Their funds will most certainly invest in XAUR. Gasper is one of the escrows in Iconomi (see below). Escrow https://bitcointalk.org/index.php?topic=1587736.0;topicseen Max Kordek, Co-founder and CEO LISK Escrow Partnership Confirmation from Max Aleksander Vasylchenko PhD, CTO Grid Singularity & Ex-CTO Mycelium Escrow Partnership Confirmation from Alexander Gasper Kenda, Co-founder, Xaurum project Escrow Partnership Confirmation from GasperTim M. Zagar, Co-founder, ICONOMI Escrow Partnership Confirmation from Tim |
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Xaurum Mint IX:Mint market-buy to reach production price: 27.156 BTC Gold increased: 3318.186714542188 g Xaurum issued: 2592061.09957973 XAUR Xaurum Ratio: 0.0004266861869763879 1 g can be melted for: 2343.642776641697 XAUR Total Xaurum money supply: 85170918.56012316 XAUR (total fees not subtracted) Total Xaurum gold reserves: 36341.25448169542 g Production price: 0.1127 $  Data will be entered into the smart-contract as soon as the DevCon 2 DOS attack on Ethereum stops. So mint has happened again. Let me show you some interesting parameters. Mint IX Recapitulation: Growth of total gold = 10,05% Growth of the quantity of gold owned by 1 XAUR = 7,10% Growth of the production price = 1,53% All this looks very powerful and it makes sense in long run. The speed of price increase is very much dependent on the frequency and volume of the future mints. I have a feeling they will become even bigger and much more frequent. Hopefully the current Masternode will switch from private to public, so the whole community will be able to participate in the mint. Even if it does not, it is doing us (XAUR holders) a big favour. |
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Xaurum looks like interesting coin, but without exchange it does not feel right.
The only exchange right now is CCEX, any update from the dev about poloniex and bittrex would be welcome... I think this is not a dev case, but everything depends on exchanges. they will decide if they want to add something that has a real value, or they'll stuck with adding all this shit pump&dump coins, which at the end are delisted. So decision is theirs. Bittrex certainly would not add a coin which dev team would announce before they would. XAUR dev team is the last one who would hype anything. They have produced the best currency - they do not need to get anybody excited because they have time on their side. People who understand XAUR appreciate this very much. I believe a lot is going on backstage and we will all see the results very soon. |
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http://www.xaurum.org/mint.htmlHere is the explanation. Xaurum can easily go to the price 0.0005 btc or higher when people will know everything about it. After that there is no limit. That's mean i need 8000000 Xaurum to be able to mint, this is a value of over 1000btc who have this value??? There are some. I believe first masternode will go public very soon. |
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Xaurum Mint VIII:
Mint market-buy to reach production price: 7476 $
Minting value: 1549 $
Gold increased: 28.266423357664234 g
Xaurum issued: 22213.486065287136 XAUR
Xaurum Ratio: 0.00039839391372149254
1 g can be melted for: 2510.0785066186418 XAUR
Total Xaurum money supply: 82579349.9605434 XAUR (total fees not subtracted)
Total Xaurum gold reserves: 32899.11042335766 g
Production price: 0.111 $
At that price it is below ICO price 0.111 > 0.04 |
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Explanation: XAURUM Production priceXaurum's Coinage price is an empirical variable required by the Xaurum Coinage formula, it is the market price of 1 XAUR at the time of Coinage, on the exchange with the most volume. This variable is used for different functions, one of it is Xaurum Production price, that regulates Xaurum money supply inflation. The purpose of this mechanism is to distinguish market demand for new xaurum from the general demand for profit. It allows Xaurum to determine the time of beneficial market conditions for its inflation. As you know, new XAUR token can only be generated through Coinage, currently Minting and Mining. The price of producing new XAUR token is defined as Production price. Production price is XAURUM’s most important external parameter, that allows Xaurum to respond to its external market conditions. It defines the market price required for Xaurum money-supply inflation, and provides speculators with the well-defined market price of XAUR, when anticipating Xaurum growth. Rules: 1. Production price can only increase. 2. Production price is set at every Coinage. 3. Production price is used as an empirical variable of the Coinage equation. 4. New Production price is set at exchange price of XAUR at the time of the Coinage. When the exchange price is greater than the previous Production price, Coinage is possible. 5. Production price is denominated in USD. Simplified: It is impossible to produce new XAUR, when the price lower than Production price. If you hold XAUR token, you are guaranteed that not a single new XAUR token will be coined when the market price is below Production price. And the production price can only grow. Production price regulates supply of new XAUR tokens: 1. If the prices on exchanges are lower than production price, the supply of XAUR tokens is sufficient for current demand, as expressed by the market. The coinage of new xaurum through minting and mining will stop, and the mints and the Goldmine will have to buy from the market, until the price allows for inflation. 2. When the price on the exchange grows above Production price it is a sign that market is demanding new xaurum. In this case supply will be increased through coinage, the Xaurum commonwealth gold will increase, and new (higher) Production price will be set. In short; XAURUM has built in mechanism that regulates supply of new tokens. The market will never be flooded with new XAUR being coined without a good reason - the market demand for new xaurum. I suggest you read about the XAURUM Production price. Everybody who deals with XAURUM should understand it in detail. Here is a simplified explanation: https://www.facebook.com/notes/xaurum-official/production-price/839442149525950 |
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