[ANN] Xaurum [XAUR]

[angelomilan]

Few questions

1) What's the benefit of buying now instead of last day of the RICO?
1b) How much is one XAUR right now in USD?
1c) Will the price increase on day 3?

2) Is supply limited or not?

3) Is this RICO like digixDAO's ? (when they reached 5.5 M they went "out of stock")

[Aurum Project]

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

2) Is supply limited or not?

The supply is not limited, because for Xaurum, inflation increases the value.

3) Is this RICO like digixDAO's ? (when they reached 5.5 M they went "out of stock")

The unlimited supply already answers this, but we should delineate some additional differences from digixDAO, that only collects fees from their digital assets. Xaurum is not a representation of gold, but a form of money that uses gold. It also collects fees, but this is really the lowest form of income of the Xaurum commonwealth, until a significant increase in userbase and volume. The main part of the gold reserve increase comes from Xaurum coinage, that at the same time benefits all of the users and the minter/miner.

[angelomilan]

thanks for all the answers to my noob questions.
More clear now 

[jure90]

Very satisfied with the RICO so far. In the mean time I am cooling down on my Ducati which is also backed by gold      Forza Xaurum!

https://i.imgur.com/e7G2otv.jpg

[electronicash]

If a coin is backed by gold, does this mean that a whale can't drag the price down if they dump about thousands of it?

Interesting a coin backed by gold, count me in. And i join the twitter campaign later on.  

Wish to have joined during the first week of the campaign. Where is their thread to the twitter campaign?

[raphma]

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

Very informative.
i have some XAURUM and that was one of my main questions.

[Kazadar]

If a coin is backed by gold, does this mean that a whale can't drag the price down if they dump about thousands of it?

Interesting a coin backed by gold, count me in. And i join the twitter campaign later on.  

Wish to have joined during the first week of the campaign. Where is their thread to the twitter campaign?

It is usually trading above the gold price because it also grows in value. It can only be dumped untill it hits the gold price. If they dump the price lower than that they are giving money away, as they would have been better of taking the gold and selling it.

[kaicrypzen]

Wish to have joined during the first week of the campaign. Where is their thread to the twitter campaign?

Here it is https://bitcointalk.org/index.php?topic=1554708.

[coinmenace]

i see ETH & LSK are also accepted as crypto-currencies in the RICO - what is the exchange rate like to XAUR? is it first changed to the BTC/USD rate then then to XAUR?

[nezto77]

the price is perfect for a xaurum.i will have for the near future

[Bitcoinmeister]

the price is perfect for a xaurum.i will have for the near future

yes the price is really good and XAU is also mooning, this will be exiting till rico end

[placebo]

Wondering how this one will process after a few failures

[Puhi]

Wondering how this one will process after a few failures

Failures?

[placebo]

Wondering how this one will process after a few failures

Failures?

yes other ICO failures, i mean... lets hope Xaurum will be a success

[Puhi]

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 :-)

[Aurum Project]

i see ETH & LSK are also accepted as crypto-currencies in the RICO - what is the exchange rate like to XAUR? is it first changed to the BTC/USD rate then then to XAUR?

We're selling all cryptocurrencies continuously, and will publish much each was worth in USD after each mint.


We're happy to announce that the contract with Loomis is signed, and the open digital account is now confirmed. As soon as Nadir relocates our gold reserves to Loomis, everyone will be able to check the quantity of gold, we hope this to be during the event.


So far, we have collected:

- 291,788.61 USD  in fiat currencies,
- 43.21553707 BTC
- 325.89454884 ETH
- 6054.96652511 LISK

and exchanged 5192.91343374 XAU for 41543307.4699 XAUR.

[sunce33]

I like IT, i'm in I already oin twitter,blog post,signature,translate

  Good Luck All

[megashira1]

I don't understand how Xaurums' inflation can be profitable.

[posternat]

Hi, I want to buy Xaurum  in RICO.
Can you tell me the simple process for this and what is the price of Xaurum   in RICO?

[kaicrypzen]

Hi, I want to buy Xaurum  in RICO.
Can you tell me the simple process for this and what is the price of Xaurum   in RICO?

Hi,

During the RICO, you mint XAURs (that's the only available operation), minting has a cost:

Xaurum RICO begins

At the moment xaurum price is 454,13$ , the average price from the announcement to today, that will be used for RICO minting was determined as 428,4$. This means, according to the Xaurum coinage formula, the minting price during the RICO would be 291,07$ for old XAU, considering the splitting, this means the minting price of new xaurum will be 0.03638375$ per XAUR.

So you deposit crypto (BTC, ETH and/or LSK) or fiat (USD, EUR, RUB and/or GBP) and tomorrow at 12:00 CET, the first mint will take place, afterwards, a mint will take place each 3 days. You'll get your share of XAURs from the mint depending on how much you invested (as I understood it).

You can also deposit XAU (the old) which will be directly converted to XAUR (1XAU = 8000XAUR).

Some additional information on the RICO:

We ask all old Xaurum users to use the rico.xaurum.org page to exchange the old Xaurum for the new. The new funds, that will be used for minting, will be collected and minted on 3 days (first mint will be Thursday, 21th of July at around 12.00 CET).

Once the RICO is over, minting will only be available to masternodes (you must have 8 000 000 XAURs to qualify for that), mining, buying and selling of XAUR will be available.

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.