[ANN] Xaurum [XAUR]

[megashira1]

Here is another ERC20 project attempting to back their currency with gold bullion : https://bitcointalk.org/index.php?topic=1907361.0

Thoughts?

[Domenc]

Here is another ERC20 project attempting to back their currency with gold bullion : https://bitcointalk.org/index.php?topic=1907361.0

Thoughts?

I didn't know for this project till today, but my lay opinion is that xaurum has more cahnces to become the best goldbased cryptocurrency, becouse ECOSYSEM of Xaurum is already working perfectly, everything is legitimize etc. So I don't see this project as a threat but as a small competition. This is just my opinion.

Maybe someone have a short explanation of this project above?

[rehe]

There is new price chart after mint XX.
http://imgur.com/a/dYnpV
The only way is UP!!!

[nmrcngrb]

Xaurum Mint XX:

Mint market-buy: 0 BTC

Gold increased: 14000.00000000002  g
Xaurum issued: 6299582.133486496  XAUR
Xaurum Ratio: 0.0007288198894566714
1 g can be melted for: 1372.0811059993036  XAUR

Total Xaurum money supply: 110299028.08570445 (total fees not subtracted)
Total Xaurum gold reserves: 80388.12545660141 g

New production price:  0.2051 $

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

[rehe]

Xaurum Mint XX:

Mint market-buy: 0 BTC

Gold increased: 14000.00000000002  g
Xaurum issued: 6299582.133486496  XAUR
Xaurum Ratio: 0.0007288198894566714
1 g can be melted for: 1372.0811059993036  XAUR

Total Xaurum money supply: 110299028.08570445 (total fees not subtracted)
Total Xaurum gold reserves: 80388.12545660141 g

New production price:  0.2051 $

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

Yes, this is the reason.

[dtacken]

Wooow that`s perfect! I am so glad that I have invested in Xaurum. 

[Aurum Project]

Additional information about the last 10 mints:


Mint 11

Gold increased: 2745.192307692308  g
Xaurum issued: 1888230.3239786467  XAUR
Xaurum Ratio: 0.00046791763744366853
1 g can be melted for: 2137.1282464649294  XAUR
Total Xaurum money supply: 88898709.23123255 XAUR
Total Xaurum gold reserves: 41597.273995269985 g

Gold dividend total: 1902.06 g
Gold dividend per 1000 XAUR: 0.0214g
Percent of dividend: 4.57 %


Mint 12

Gold increased: 436.54296875 g
Xaurum issued: 294726.061261338  XAUR
Xaurum Ratio: 0.0004712693549322816
1 g can be melted for: 2121.928764376571  XAUR
Total Xaurum money supply: 89192765.29249388 XAUR
Total Xaurum gold reserves: 42033.816964019985 g


Gold dividend total: 298.64 g
Gold dividend per 1000 XAUR: 0.0033 g
Percent of dividend: 0.71%


Mint 13

Gold increased: 220.3529411764706  g
Xaurum issued: 148142.26239514825 XAUR
Xaurum Ratio: 0.00047295718474454825
1 g can be melted for: 2114.356293244844 XAUR
Total Xaurum money supply: 89340370.05488902 XAUR
Total Xaurum gold reserves: 42254.16990519645 g

Gold dividend total: 150.54g
Gold dividend per 1000 XAUR: 0.0017 g
Percent of dividend: 0.36%

Mint 14

Gold increased: 699.4716981132076 g
Xaurum issued: 483982.0445031547 XAUR
Xaurum Ratio: 0.00047819595242702895
1 g can be melted for: 2091.1929407277794 XAUR
Total Xaurum money supply: 89824352.09939218 XAUR
Total Xaurum gold reserves: 42953.64160330964 g

Gold dividend total: 470.57g
Gold dividend per 1000 XAUR: 0.0052g
Percent of dividend: 1.0955 %

Mint 15

Gold increased: 214.64761904761906 g
Xaurum issued: 147190.99854036327 XAUR
Xaurum Ratio: 0.00047980094857604975
1 g can be melted for: 2084.197630221019 XAUR
Total Xaurum money supply: 89971246.09793255 XAUR
Total Xaurum gold reserves: 43168.28922235725 g

Gold dividend total: 144.26g
Gold dividend per 1000 XAUR: 0.0016 g
Percent of dividend: 0.33%

Mint 16

Gold increased: 488.0747663551402  g
Xaurum issued: 339271.41422175406  XAUR
Xaurum Ratio: 0.00048340368257873397
1 g can be melted for: 2068.6644227976603  XAUR
Total Xaurum money supply: 90310367.01215428 XAUR
Total Xaurum gold reserves: 43656.36398871239 g

Gold dividend total: 325.29g
Gold dividend per 1000 XAUR: 0.0036 g
Percent of dividend: 0.75%

Mint 17

Gold increased: 3643.1028037383207  g
Xaurum issued: 2515276.2074904656  XAUR
Xaurum Ratio: 0.0005095521631875713
1 g can be melted for: 1962.5076140279084  XAUR
Total Xaurum money supply: 92825563.71964474 XAUR
Total Xaurum gold reserves: 47299.466792450716 g

Gold dividend total: 2427.21g
Gold dividend per 1000 XAUR: 0.0261 g
Percent of dividend: 5.13%

Mint 18

Gold increased: 8927.761467889915  g
Xaurum issued: 5737991.357415545  XAUR
Xaurum Ratio: 0.0005704672756172883
1 g can be melted for: 1752.9489293104941  XAUR
Total Xaurum money supply: 98563459.57706025 XAUR
Total Xaurum gold reserves: 56227.22826034028 g

Gold dividend total:  6003.96 g
Gold dividend per 1000 XAUR:  0.0609 g
Percent of dividend: 10.6%

Mint 19

Gold increased: 10160.8971962617  g
Xaurum issued: 5436349.875157679  XAUR
Xaurum Ratio: 0.0006383495271585252
1 g can be melted for: 1566.5398930446202  XAUR
Total Xaurum money supply: 103999646.952218 XAUR
Total Xaurum gold reserves: 66388.12545660192 g

Gold dividend total:  7059.74 g
Gold dividend per 1000 XAUR:  0.0679 g
Percent of dividend: 10.6 %

Mint 20

Gold increased: 14000.00000000002  g
Xaurum issued: 6299582.133486496  XAUR
Xaurum Ratio: 0.0007288198894566714
1 g can be melted for: 1372.0811059993036  XAUR
Total Xaurum money supply: 110299028.08570445
Total Xaurum gold reserves: 80388.12545660141 g


Gold dividend total:  9978.66 g
Gold dividend per 1000 XAUR: 0.09 g
Percent of dividend: 12.4 %

[nihilnegativum]

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

Yes, BTC price increases, and in return we get more gold.

[rehe]

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

Yes, BTC price increases, and in return we get more gold.

BTC price has no impact on quantity of gold.

[nihilnegativum]

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

Yes, BTC price increases, and in return we get more gold.

BTC price has no impact on quantity of gold.

BTC price increases the prices of altcoins, xaurum price increases and surpasses production price, because it is above production price no market buy is necessary, and the funds that would go on the market go into the gold reserves instead.

[Puhi]

That's awesome! Less than 2 weeks since last mint and 14kg of new gold. Great results!

I see that market price is always following the production price, but this time market price was even higher than production price.
Is that the reason why there was no market buy at this mint?

Yes, BTC price increases, and in return we get more gold.

BTC price has no impact on quantity of gold.

BTC price increases the prices of altcoins, xaurum price increases and surpasses production price, because it is above production price no market buy is necessary, and the funds that would go on the market go into the gold reserves instead.

Market price was above production because Xaur were bought at that levels on market.

Market price will always be around production price. It takes some time for market to catch up to production price after each mint. This catch-up time will get shorter with time.
The price of BTC or any other altcoin will not affect this fact.
Any anomalies will be constantly corrected with market buy mechanism at every mint (unique to Xaurum).

[leetcoiner]

Seems im stupid

I buy xaur at 11.000price

And now im holding it 1 year

And after 1 year price will be still 11.000 on exchanges

How am I making  profit with mints and melts?

Thanks.for the simple answer

[nmrcngrb]

Seems im stupid

I buy xaur at 11.000price

And now im holding it 1 year

And after 1 year price will be still 11.000 on exchanges

How am I making  profit with mints and melts?

Thanks.for the simple answer

Why do you expect that after 1 year the price will still be the same?
If you check the price rise in only last month you see it has almost doubled, so I don't get from where did you took this conclusion.

[Ivanovski]

Maybe the price at exchange was 0.00011000 when btc was 700$? Now the btc is 1750$ and the ratio is the same but that means that price went from 0.07$ to 0.20$ in one year.

[niksdt101]

great news for Xaurum by making the gold total this much. glad to be a part of this project. takes time but its worth it!!

[dtacken]

Seems im stupid

I buy xaur at 11.000price

And now im holding it 1 year

And after 1 year price will be still 11.000 on exchanges

How am I making  profit with mints and melts?

Thanks.for the simple answer

What do you mean with price is "11.000" on exchanes?

I invested in Xaurum about several month ago and till now I have already doubled my investment because price for 1 XAUR went from 0.09 usd to 0.20 usd in this time.

Every minting event is great news for you because this means that each XAUR you hold is backed with more gold. More gold behind each XAUR means that the price of 1 XAUR is getting higher and higher.

[dtacken]

ok i get this

but if this is a so nice concept why price is not yet 100k?

the system with more gold and minting means that price of xaur can't dump becouse of rebuying it  so the price could get high like ETH or LTC?

why is that no?

becouse of no marketing or no poloniex included?

Why the price is not yet 100k?

Why the price of any other altcoin is not yet over 100k?

You could ask the same question for bitcoin for example. In 2010 the price for 1 bitcoin was less than few dollars. If you would ask the bitcoin community then "hey, do you think price can someday hit 2k or 5k or 100k", they would probably laugh at you. And look were we are already today. And who knows were the price will be in the next years.

I believe more and more people is getting familiar with blockchain tecnology as more and more funds are getting into this area. Just this year total market cap went from 15B dollars to 53B dollars till this day. Which is "wooow"! But however...this is still relatively small market - and truly more and more funds will be invested. The market's true potential will reveal in the next years.

What is unique about Xaurum? The true value of Xaurum is that it has really something behind it - that is gold. It is not another shitless coin whose price can be pumped and dumped without any reason. Xaurum is profitable investment. It is not fast growing, but it is constant grow. Who knows what the price of 1 XAUR will be in the next year, 5 years, 10 years.

I am going to buy as much Xaurums as possible because I believe great things are about to happen!

[megashira1]

Here is a another XAUR copycat : https://onegram.org/

XAUR being the first mover in this niche should reap great dividends in the near future. It truly is the gold standard of all gold standard alts!

[Puhi]

Here is a another XAUR copycat : https://onegram.org/

XAUR being the first mover in this niche should reap great dividends in the near future. It truly is the gold standard of all gold standard alts!

Not even close.
Lets see if next copy will do better.

[ampco]

ok i get this

but if this is a so nice concept why price is not yet 100k?

the system with more gold and minting means that price of xaur can't dump becouse of rebuying it  so the price could get high like ETH or LTC?

why is that no?

becouse of no marketing or no poloniex included?

Why the price is not yet 100k?

Why the price of any other altcoin is not yet over 100k?

You could ask the same question for bitcoin for example. In 2010 the price for 1 bitcoin was less than few dollars. If you would ask the bitcoin community then "hey, do you think price can someday hit 2k or 5k or 100k", they would probably laugh at you. And look were we are already today. And who knows were the price will be in the next years.

I believe more and more people is getting familiar with blockchain tecnology as more and more funds are getting into this area. Just this year total market cap went from 15B dollars to 53B dollars till this day. Which is "wooow"! But however...this is still relatively small market - and truly more and more funds will be invested. The market's true potential will reveal in the next years.

What is unique about Xaurum? The true value of Xaurum is that it has really something behind it - that is gold. It is not another shitless coin whose price can be pumped and dumped without any reason. Xaurum is profitable investment. It is not fast growing, but it is constant grow. Who knows what the price of 1 XAUR will be in the next year, 5 years, 10 years.

I am going to buy as much Xaurums as possible because I believe great things are about to happen!

Nice words, >dtacken<!!!

Why, why, why...  Just think of these words, which I now write >leetcoiner< If XAURUM Foundation spent all physical money
with which they buy Physical gold, devoted solely to advertising and promotion, think about what would be the capitalization of xaurum now.
But then it occurred just one more coin than a thousand others.
Calculate how much money would be to promote, if we now have Xaurum covered with 80kg of gold.