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If you think only new gold in vault can bring the price up, then we need mint. Who will be crazy enough to buy on mint price of 31usd cent if you can buy it on exchange for 20 cents.. Since buyin on exchange is drying up, the sellers (previous believers) are selling with loss.. So we are in nomans land..
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We ve been trading on yobit for about a month. When news came about scamming we withdraw all funds with no problem.
Our dev says that their api is quite good and stable comparing to other exchanges, where we also do the trading (polo, bitrex, bfinex, livecoin..) so we are satisfied with their service, although there was no response from their support team for over 4 days.
Since there are quite a few posts here and twitter bout the recent events we would like to hear official statement from them what happened so we can decide if we start trading there again.
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The concept of calculating is correct, though you forgot the fees of the xaurum team which is and Im guessing aprox 30%. For less I doubt they would go through all the mess and hard work.. U guys think those scavengers have any real gold in their possession? I will believe this only if u show me the photos depicting them holding a lump of gold on which the purity hallmark is clearly visible. Even if they provide the evidence of being into gold, they cant prove that they didnt rob the bank.
Xaurum is the only cryptocurrency backed by gold – physical 1g gold cards (as on photo in background). It is also the only investment opportunity that brings the “golden dividend” to investors. An innovative business model assures permanent growth of golden base, which is equally distributed among all Xaurum coin holders. This makes Xaurum a secure, long-term and profitable investment. The exclusive supplier of gold is the Turkish corporation Nadir Metal Refinery. The gold is stored and fully insured in vaults of global corporation Loomis AB. EXAMPLE If 100.000 new Xaurum gets minted or mined, they are minted at Production price (for example $0,12) and are backed by gold as all other already issued Xaurum at Base price (for example $0,03). All of the investment of $12.000 is used to buy gold. $3,000 worth of gold is spent for backing newly created Xaurum at Base price. $9.000 worth of gold is given to the community as Golden dividend increasing the value of every existing Xaurum by increasing their Base value. Recap: 100.000 new Xaurum were created and the value in gold of all Xaurum (not only newly created) has increased – Profitable inflation. Current GOLD supply est: 40.1 Kg from Nadir stored by Loomis. http://www.xaurumfoundation.com/ |
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sighI'm looking at coinmarketcap.com and I'm seeing only 8 out of 100 crypto's that is in the green and the rest are in the red thanks to bitcoin dropping like a stone, which is apparently due to the Chinese yuan fluctuation. See, that means xaurum is just another speculative crypto at the moment when the whole point of being backed by gold was that it was underpinned by a real commodity and therefore wasn't a speculative crypto. Obviously, the point of being or having a gold reserve is not being disseminated as it should be. 
If people comprehended that xaurum had a gold base then xaurum would have risen today. What an idiotic thinking. Everything has supply and demand, therefore the price is going up or down. If something is "measured" in something volatile, do you really expect that the golden backing would stop the down fall? Everything lower more than 20% than production price is literally free. Why? The beauty of production price and golden backed currency is that is has NO inflation if the market shows that it does not need it, but when the market shows that it does need it than the mint (and new golden dividends for everyone) is done. Go buy shitcoins instead  "Everything lower more than 20% than production price is literally free." Everything lower then 20% of currect production price is actually free.. couse gold base is a bit less then 20% od current production price.. Everything more is pure speculation. The only thing that can save xaur price from falling another 50% is either drastical rise in gold price or constant demand from new investors. |
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All respect to Xaur team for dealing with the situation as pros..
B
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Sell 8k Xaur (aprox 0.9 btc) on CCEX and the price will go to 0.0006.
Sell 33k Xaur (4.1 btc) on Bitrex and the price will go to 0.000086 (few hours ago it was 6 btc to drop to 86)
Traders, speculators are pulling out:( This might be a good sign..
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Only 6.4BTC on support side for price to drop for 25% on bitrex..
Only 1.6BTC on support side for price to drop 40% on CCex..
For 7.8 market cap coin this is hilarious..
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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.
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. @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.. |
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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... OK. The price goes up, but it does not mean also that demand on exchange goes up . Don't you think that the mints are also representing demand for Xaurum? Last week there was a mint for 200k USD - 400BTC. Minters could easily go on the exchange and buy all the Xaurums from the exchange(s). Therefore the current market price would be around USD 0.30 and even more. Maybe the next time they should do this because people still don't get Xaurum's business model. @Jure90 I agree, they should buy a lot more from the exchange. They bought lousy 27btc from exchange out of 200k usd which is big mistake from minters. This would set an example for everyone to set the demand going and liquidity would improve drastically. Demand would also encourage the hodlers not to sell on first "god feeling" its going down, which is not and everybody will sell when they needed to. Sell pressure would dry up, demand will be going and will be much closer to next mint price as it is now. Also keep in mind that at least 50% of current hodlers dont understand the economy behind the coin and once they do, the history of prices and mints will show them all xaurum team means real bussines. I bet many more ppl would buy coin, if they could see the exit, since demand at reasonable prices is pretty weak and selling pressure is fcking enormous I guess it turns them away. |
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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... OK. The price goes up, but it does not mean also that demand on exchange goes up . 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. |
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