[ANN] Xaurum [XAUR]

[JohnBitCo]

Just found out about this thread and coin.

- What is the relationship between gold price and XAUR price ?

In the past 30 days, gold oscillated between 1219 and 1264$, say a 3% range. Why XAUR moved so much during the same period ?

- What is the advantage of buying XAUR over a gold ETF ?

Just check this interview it will give an insight and what is xaurum and it's goal and it's purpose the dev himself provided these answers to all these questions .

http://cryptocurrencieshub.com/xaurum-the-golden-blockchain/

Thanks but I couldn't find any useful answer to my questions...

Gold price (the amount of gold behind 1 XAUR in $) determines the minimal possible market price and the production price (or market price if higher) determines the amount of $ that must be invested in gold to produce new money supply and increases the gold price.

If I understand correctly Calangaman wanted to ask about the corelation betweeen the price of gold itself and XAUR price (don't know which one).
If we are talking about XAUR gold price it is directly related to the price of gold and the amount of gold behind every XAURUM as explained by nihilnegativum.
If we are talking about production price, then the price of gold takes place when the mint occurs since production price is related to the ammount of $ in mint and price of gold at that time.
If we are talking about market price of XAUR it has no direct relation to price of gold since it is a pure supply and demand, although it is pushed up with the mint event.

Why XAUR moved more than gold? Because XAUR does not have a fix coverage in gold. For example if XAUR would be backed 1:1 with gold then we could say that only gold price reflects on the price of XAUR. But XAUR has a growing gold base. This means that every day there is more gold behind every XAUR, and this gives the real advantage to XAUR if we compare it to gold itself.

Why buy XAUR instead of gold ETF? Explained in previous line, but again (it does not matter ETF or phisical bulion) If you buy 1g of gold today, you will have this same 1g of gold in 5 years from now.
If you buy XAUR for let's say same amount of money you have today Xaurums which have parox 20% backing in gold, but in 5 years the same xaurums might have 2, 3 or even higher ammount of gold             

You got a part of it right. But you have to realize, that Xaurum is not (at least not primarly) ment to be an investment, like gold is. Xaurum is ment to be a cryptocurrency. Which means hopefully you will buy things with it in the future. You cant do this with gold. And personally, like money used to have in the past, id rather operate with a currency backed up by gold, then currency backed up by nothing. In worst case scenario If BTC for some reason dropes to 0 you will literally lose everything you have in BTC. Xaurum can't drop to 0 it can only drop to price of the g behind every xaur.

and even price is slowly dropping to 0 satoshis =)    no good at all second

First: Xaurum cannot fall below current rate or XAUR/g of gold. You will always be able to get paid in gold.

Second: Tell me...wwwhy exactly are you still on this thread if you don't believe in Xaurum and you constantly post negative posts?

Third: yes, if you have coins (and I believe you have them a lot), please sell them to me. I will give you at least 10 satoshis for them so you will not loose everything...

I am a huge suporter of Xaurum. New investors: once you will read the offical page xaurum.org and www.xaurumfoundation.com and also this thread, you will  invest in Xaurum. You can start with small amount at first and once you will get to know the minting process and how it affects the price on exchanges, you will see that you are making profit on long term.

We need to support Xaurum as much as possible! 

Ok, just saw this, very interesting.  Although there needs to be a few coins that actually are backed by an assett, there is very little that can be done with gold backing and other hard assets that will be a definitive proof of backing. 

[1713512730]

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[jennywhzz]

People with their Gold dream , Hodl the worthless token and end up with bag holding and no gold.

I am not saying that you are not in pocession of the gold, simply that it cannot be truly proven in a forum like this. 

[excell]

People with their Gold dream , Hodl the worthless token and end up with bag holding and no gold.

I am not saying that you are not in pocession of the gold, simply that it cannot be truly proven in a forum like this. 

Whether or not there is any gold, after doing much research, I don't really care at all and I am not concerned one bit... As long as there is general consensus that there is actual gold backing and that it is increasing, the price will always increase regardless, the people in control of Xaurum will never print on a massive scale and dump on the market because doing so will get rid of a seemingly perfect online federal reserve. Also the Xaurum guys never need to have any gold at all because the Xaurum price is on average 700% higher than the value "backing" the gold, meaning nobody is stup*d enough to give 250 USD of Xaurums for one gram of gold when they can simply sell 42 USD of Xaurums in the crypto market. Personally like I said, I don't care if there's any gold at all, the system works perfectly for everyone involved, however we can all agree that if we had pictures of ALL THE GOLD in one pile we would not be in the 60's range of coinmarketcap, it would be in the 30's or higher.

[Kovanec]

There is gold behind. More and more. My initial investment is totaly covered with gold after one year. No not after one week. That is the power of xaurum. I am from Slovenia and I had little more info about xaurum and after one year I see the true power of xaurum. I invested for the long term and do not care about daily price on exchanges.....

[hrbt]

There is gold behind. More and more. My initial investment is totaly covered with gold after one year. No not after one week. That is the power of xaurum. I am from Slovenia and I had little more info about xaurum and after one year I see the true power of xaurum. I invested for the long term and do not care about daily price on exchanges.....

let's hope it will not be like Istrabenz, NKBM or SAVA... =)

[aioc]

Xaurum is now performing better in it's price and ranking $0.253196 (4.84%) it's a matter of time before it will becomne 1 xaurum to $1 before the end of this year Xaurum is indeed making a big noise in the market.

[exoras]

I have some info that 1$ might just be reached a lot sooner than year's end.  

[rendravolt]

Xaurum is now performing better in it's price and ranking $0.253196 (4.84%) it's a matter of time before it will becomne 1 xaurum to $1 before the end of this year Xaurum is indeed making a big noise in the market.

$1 is very cheap, I think $5 more deserved.

[hrbt]

without marketing and large adoption of trading on exchanges it won't


when dev's with let that the price will go up it will go.. till then....falling

[dtacken]

without marketing and large adoption of trading on exchanges it won't


when dev's with let that the price will go up it will go.. till then....falling

That is not true. It is not falling. I am constantly looking at price at https://coinmarketcap.com/assets/xaurum/

At this moment Xaurum is $0.270848 (13.89%).

In January 2017 it was 0.08 USD/XAUR. Today it is 0.27 USD/XAUR. It is growing, not falling. 


Xarum team also listed Xaurum on new exchanges. Now you can buy it on:

https://bittrex.com/Market/Index?MarketName=BTC-XAUR
https://www.livecoin.net/en/site/login
https://c-cex.com/?p=btc-usd
https://etherdelta.github.io/#XAUR-ETH
https://alcurex.com/#XAUR-BTC
https://bitsquare.io/
https://cryptoderivatives.market/token/XAUR

Xaurum reached 100 kg of gold backing in just few weeks. So it is spreading. A lot. 

[hope-crypto]

without marketing and large adoption of trading on exchanges it won't


when dev's with let that the price will go up it will go.. till then....falling

Go read whitepaper about Xaurum and you will know how it works and what happens with mints when market price is below production price... + Soon coming Gamma and I think it will be truly amazing

[Mrbates]

looks like someone giving xaur love @ trex lol

[dtacken]

without marketing and large adoption of trading on exchanges it won't


when dev's with let that the price will go up it will go.. till then....falling

Go read whitepaper about Xaurum and you will know how it works and what happens with mints when market price is below production price... + Soon coming Gamma and I think it will be truly amazing

Do you know what Xaurum Gamma is?? 

[goldenboi]

without marketing and large adoption of trading on exchanges it won't


when dev's with let that the price will go up it will go.. till then....falling

Go read whitepaper about Xaurum and you will know how it works and what happens with mints when market price is below production price... + Soon coming Gamma and I think it will be truly amazing

Do you know what Xaurum Gamma is?? 

No one knows , and that is her beauty we can only imagine what could it be but as other already said, it should be something great
So be prepared

[hope-crypto]

without marketing and large adoption of trading on exchanges it won't


when dev's with let that the price will go up it will go.. till then....falling

Go read whitepaper about Xaurum and you will know how it works and what happens with mints when market price is below production price... + Soon coming Gamma and I think it will be truly amazing

Do you know what Xaurum Gamma is?? 

No one knows , and that is her beauty we can only imagine what could it be but as other already said, it should be something great
So be prepared

No I don't know... I think that Gamma will be amazing because their work never disappointed me, but quite opposite I was always amazed by... That's obviously when we talk about the project itself, but there is still room for improvement on other areas...

I mean that isn't really a beauty, because if you would announce what's the project about faster and if the community recognize it as very good, you would absolutely collect more money in this time... But dev's took the other path and I trust them and I have a feeling that this will be a story about success and not failure.

[Ukov]

I do not understand why some of you want xaurum to be just another coin. I think that this project is unique and that it has huge potential.
Definitely there are many points where xaurum should be structured better (especially in social media and marketing), but all in all we have to respect people who are behind this project, because they are doing it well.
Just wait and breath calmly.

We strong

[fortunecrypto]

I do not understand why some of you want xaurum to be just another coin. I think that this project is unique and that it has huge potential.
Definitely there are many points where xaurum should be structured better (especially in social media and marketing), but all in all we have to respect people who are behind this project, because they are doing it well.
Just wait and breath calmly.

We strong

This is because people are used in pump and dump coins and they want Xaurum to become a pump and dump coin which is not the team is transparent and Xaurum is slowly but surely gain a lot of trust from traders and investors.

[valov88]

I do not understand why some of you want xaurum to be just another coin. I think that this project is unique and that it has huge potential.
Definitely there are many points where xaurum should be structured better (especially in social media and marketing), but all in all we have to respect people who are behind this project, because they are doing it well.
Just wait and breath calmly.

We strong

This is because people are used in pump and dump coins and they want Xaurum to become a pump and dump coin which is not the team is transparent and Xaurum is slowly but surely gain a lot of trust from traders and investors.

You are right! If Xaurum foundation put all money on market (buy volume) instead of buying gold, the coin price would probably be 10$ already. You have to understand that around 5.500.000€ were invested through Auresco company for buying new gold. What "all" other developers of coins do with money collected on ICO? They say that they will develop new apps and staff..., but do you really think that they do this? With gold there is no cheating, the price is known and the same all over the world.

[Kovanec]

Auresco is spending money for gold. That is why xaurum is special. If they would spend it on marketing, xaurum would be like any other coin. Slowly they started marketing in Slovenia and I am sure they will continue with more and more advertising. With strong gold base it will be much easier to promote XAURUM....

[hrbt]

Auresco is spending money for gold. That is why xaurum is special. If they would spend it on marketing, xaurum would be like any other coin. Slowly they started marketing in Slovenia and I am sure they will continue with more and more advertising. With strong gold base it will be much easier to promote XAURUM....

could u explain me the point  would be like every other coin?!?   

ETH? Ripple? Lisk? Digibyte? Stratis? Siacoin? NXT? Waves? Litecoin? Golem? Byteball?  are this scams and make no profit?

XAUR is growing only gold base and price is stagnation.. users and traders don't have anything from it... 

Where are promises from roadmap, adoptions?

time is ticking...everyday there is 5 new ico's... don't make huge mistake..

i'm talking positive Think twice about trading, widely adoption, releasing promised things and start asap marketing and trading on exchanges...