Have a trusted escrow agent physically inspect the assets.
Yeah right that is going to happen. Lol
You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit. Hence the highlighted.  1. The access to Loomis account will be public (when Loomis enables it). You will be able to log on their web site and chech how much gold is stored by Auresco. 2. Please accept a public personal invitation to visit the storage facility. You need to pay for the airplane and room. Interested? Escrow the cost of the inspection and I will foot the bill for the inspection out of my own pocket and then after the inspection the escrowed funds will be released. Let's do this. Please suggest third party inspector. PM me so we can move forward. Ok? Disclaimer: I have helped to arrange Loomis and Nadir agreements. This gives me the ability to organise everything needed. Great, I will be busy until tues or wed, as soon as I have time I will figure out the cost. What is the address? Is it the one in texas? Texas? Anyway let me know. |
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Have a trusted escrow agent physically inspect the assets.
Yeah right that is going to happen. Lol
You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit. Hence the highlighted. 1. The access to Loomis account will be public (when Loomis enables it). You will be able to log on their web site and chech how much gold is stored by Auresco. 2. Please accept a public personal invitation to visit the storage facility. You need to pay for the airplane and room. Interested? Escrow the cost of the inspection and I will foot the bill for the inspection out of my own pocket and then after the inspection the escrowed funds will be released. Let's do this. Please suggest third party inspector. PM me so we can move forward. Ok? Disclaimer: I have helped to arrange Loomis and Nadir agreements. This gives me the ability to organise everything needed. |
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Here is our proof of gold, we hope this will suffice until the Loomis open account is ready. These are the gold reserves we've bought from Nadir, the remaining 2125 g were bought from another provider.
Now this is the real deal. Thanks ! Keep up the good work!
seems to be all good, great job!! Legit |
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Have a trusted escrow agent physically inspect the assets.
Yeah right that is going to happen. Lol
You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit. Hence the highlighted. 1. The access to Loomis account will be public (when Loomis enables it). You will be able to log on their web site and chech how much gold is stored by Auresco. 2. Please accept a public personal invitation to visit the storage facility. You need to pay for the airplane and room. Interested? |
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seriously? you guys are planning to migrate to the ETH blockchain because you deem it the most reliable in the world?  I was spontaneously interested in this project, but seeing this nonsense made me spontanesouly lose interest again. you may want to reconsider. Where did they say that? please link quote On the other hand, XAURUM is not dependent on technology. They could migrate to any platform at will. This for me is one of the best features (technically), because I know that the coin will benefit from future technical developments - not die with time. |
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2.27093139107 XAU comes from 661/291.07 (BTC price divided by minting cost), minting cost is actually what costs an investor to mint a XAU (you invest 291,07$ and you get 1 XAU). If the price of 1g of gold is 54.80$ then 661$ would buy 661/54.8 = 12.06g. Can you please explain why you mentioned 11.6g? Can you also please elaborate more on: so the ratio of gold to xaurum increases.
Thx. Xaurum ratio is determined by gold reserves/Xaurum money supply, because the gold reserves increase more than the money supply, the base value of all xaurum grows. Does this mean that for the given example, the base value of a XAU will be 12.06/2.27093139107 = 5.31g ? (Whereas it was 2.26g before the RICO) No. the additional quantity is divided between all xaurum coins. |
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[/quote]
To get a hint on how much the price of a XAUR will be, you can divide the current price of a XAU by 8000.
[/quote]
That would be true only if 0 (zero) funds would be invested during RICO.
The price will moon when XAUR is available to trade. Especially if Bitrex or Poloniex add it.
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XAURUM - first gold backed currency has gathered ccc. 321.000 USD in first day of its Rebirth ICO. That is new cca. 7000 1g 9,999 gold bars. All funds will be invested in gold. All the gold is owned by Xaurum coin owners. There are 10 more days left to invest in XAURUM ICO. Best combination of Crypto and gold. rico.xaurum.org - Rebirth ICO page www.xaurum.org - Xaurum page https://bitcointalk.org/index.php?topic=1546279.0 - RICO Announcement |
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Wondering how this one will process after a few failures
Failures? yes other ICO failures, i mean... lets hope Xaurum will be a success I guess people are getting tired of devs selling them air and empty promises. This ICO is already a success. Already cca. 6 new kilos of gold - after a good day. This gold is owned by investors - not devs - and is increasing the base price of the coin. The price increase after first mint will be interesting. Can't wait. ... and 10 more days to go :-) |
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Wondering how this one will process after a few failures
Failures? |
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O earlier looking in for your project,and is very cool because was reborn.Just want ask what happened with old wallet?
You need to transfer your old XAU to rico. The old wallet will be replaced by new one (Ethereum). |
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Posting tweet of @Xaurum official:
"XAURUM RICO first 4 hours FIAT score!!!
241.974,42 USD invested (sum of USD, EUR, GBP, RUB)
Next FIAT score announcement in few hours.
P.S.: FIAT currencies will be accounted for at every mint. We will announce intermediate scores in all channels."
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Posting tweet of @Xaurum official:
"XAURUM RICO first 4 hours FIAT score!!!
241.974,42 USD invested (sum of USD, EUR, GBP, RUB)
Next FIAT score announcement in few hours.
P.S.: FIAT currencies will be accounted for at every mint. We will announce intermediate scores in all channels."
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Posting tweet of @Xaurum official:
"XAURUM RICO first 4 hours FIAT score!!!
241.974,42 USD invested (sum of USD, EUR, GBP, RUB)
Next FIAT score announcement in few hours.
P.S.: FIAT currencies will be accounted for at every mint. We will announce intermediate scores in all channels."
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Posting tweet of @Xaurum official:
"XAURUM RICO first 4 hours FIAT score!!!
241.974,42 USD invested (sum of USD, EUR, GBP, RUB)
Next FIAT score announcement in few hours.
P.S.: FIAT currencies will be accounted for at every mint. We will announce intermediate scores in all channels."
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Registered successfully. BTC came through as did old XAU.
Waiting for FIAT confirmation of verification...
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15 hours to go before the rebirth.
Other than the splitting 1 XAU = 8000 XAUR, any other new innovations and updates being introduced? A roadmap?
Xaurum is quite a big invention as it is in my opinion. RICO is just one of the check points. An important one. What I believe will happen during RICO: 1. money will be collected from different sources and 100% of it will be spent for gold. 2. because of no.1 the base (gold) value of all Xaurum will increase. A lot, if RICO will be successful. 3. technically they decided to switch the blockchain from Blackcoin fork to Ethereum. They will use this transition for much needed split as well. This is also good for the coin. 4. bigger exchanges will add new coin, so the trade volumes will be as the coin deserves them to be. As for the roadmap, we need to wait. |
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i would love to see this coin on Bittrex
Me as well. |
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Hi
I have a question: After Xaurum RICO every XAU=8000 XAUR. Therefore the price of 1 XAUR is 8000 times smaller than 1 XAU
Current quotation
XAU - $ 443,80
XAUR - $ 0,055475
This is correct?
or the quotation of XAUR at level of current quotation XAU?
Thanks
You get 25% of discount on that. So its approximately 0,055475*0,75=0,04160625. The price fix should be announced just before the RICO start. |
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So if financial institutions which are supposedly manipulating price of gold, will decide that gold must go even lower, to help themselves with FIAT economy, value of this coin will go down too? I mean all gold ethusiasts I know tell me that price of gold is kept down, but if it is so controlled, why should it be better hedge than relatively decentralized Cryptos?
Gold price is manipulated by big ones. Nobody knows what their intentions are. Real value of investment gold bars is higher than current market price. Intention of XAURUM creators was to create a perfect money (currency). They have decided for gold base because of historically proven reasons. I support this decision. Compared to other cryptocurrencies XAURUM has base value greater than zero (much greater). Base value can not even theoretically go down. There are many mechanisms that are pushing the base value up (mining, minting, transaction fees, burning, allies,...). Of course the base value is the only value of XAURUM affected by gold price. |
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