You could look at and read the website: www.xaurum.org.

1. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs.

2. Loomis issues daily reports. The old web sites had a link to them. If you want to see them, ask the Auresco Institute. You'll probably get them easily. There is also an official report PricewaterhouseCoopers d.o.o.

3. Currently is 1000 XAUR = 1.01766991 g of gold. The gap is constantly changing. The ratio can not be lower, it can only be higher. Read the white paper.

4. You can track the amount of gold and the number of coins in real-time on the website. You can do control at etherscan.io.

5. There is no reason that you will not be able to withdraw all your tokens. You can sell them on the stock market. You can pick up gold. In this case, the coins are destroyed. Therefore, the ratio of gold to coins remains the same. XAUR is not a classic currency crypt. XAUR is a kind of certificate of ownership of a physical gold that uses a block chain. XAUR can not be mined. If you want made XAUR, you must buy gold. That's why gold does not run out.

6. I am not part of the company, but it is logical for me that part of the money collected is for expenses. The bulk of it is for the purchase of gold.

XAURUM MELT MECHANISM WORKS PERFECTLY

Since the beginning of Xaurum project, there are questions about whether xaurum can simply be exchanged for physical gold. Community members know that the process is simple and anyone who wants to take advantage of this option can do it any time for any number of xaurum. The exchange mechanism is commonly known as Melt.



Melting exchanges Xaurum for gold according to the gold backing ratio at the time of melting. The holder, who wishes to melt his xaurum in gold, completes the form on our website. According to the ratio that is valid at the time, he “melts” his xaurum, and receives the gold to his home. Historically proven, the ratio always increases in favour of the amount of gold. A year and a half ago for one gram of gold 2000 XAUR had to be melted and today less than 1000 are required. Gold backing is the guaranteed amount of gold that the holder receives, regardless of the market.

Melt is especially useful when the price on the market is lower than the value of gold behind each xaurum, which is current reality. Individual holders in that way gain more value with melt than with their sales on the market.

Yesterdays melt, which has noticeably changed the numbers, proves also to the most eager skeptics that the mechanism works perfectly. This time 11.756.237,69 XAUR has been exchanged for 11.962,00 g (11,962 kg) of physical LMBA certified, good delivery gold of the highest 999,9 quality.

The ratio between the amount of gold and the issued XAUR remains unchanged, therefore the amount of gold behind each xaurum stays the same.
https://medium.com/@xaurumofficial/xaurum-melt-mechanism-works-perfectly-8eed4f78752d

Quick question, I can't figure out.

I've had the same weight... 41,000 for the whole month of June. I've got 150,000+ beans. And haven't staked at all since I put the coins in my wallet. Weight has not increased in 20+ days. Running wallet version v1.1.2.2-g8b5449f042176055457db6368f171903e16c8deaRC.

Anyone have any ideas why my weight is frozen? Been saying 6 days to stake for 25+ days.

looks like where heading back to 40sats...

I dont understand the situation, why do you want to change a new name, the old coin how to replace the new coin or st else?

The new BeanCash will exceed $4!!! 

...I'd to like to see it go up to 1000 sats

I am here because I threw some change at BITB aroung high 300's then missed correction. Figured to buy some more now and stake while this next set up comes. onwards to 1000 Sats!!

i think bitbean will go 5 dollar soon  

I would suggest buying bitbean only from bittrex because bittrex is reputable exchange and we need more buy support to make bitbean stronger