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Author Topic: [ANN] Xaurum [XAUR]  (Read 226633 times)
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July 18, 2016, 10:16:45 AM
 #81

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.

Please how many confirmation is needed for BTC deposit. Thanks and good luck


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July 18, 2016, 12:26:48 PM
 #82

Timer updated on http://icocountdown.com good luck!

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July 18, 2016, 12:43:23 PM
 #83

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.

will be keeping an eye on this. will the price change also in the coming days? and is there bonus in the early days of the (R)ICO?



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Aurum Project
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July 18, 2016, 01:17:38 PM
 #84

The old proofs of gold are found on our old blog: aurescoinstitute.tumblr.com
This is only the part of the gold reserves we keep in Slovenia, for faster melting. The main part is stored at Nadir, in Turkey and getting transfered to Loomis, this transfer contract will be published as soon as it is possible. Part of our team, is currenlty travelling to Turkey, to arrange for a re-location from the turkish Loomis to the an european-based Loomis storage facillity, because of the recent political activity. While discussing with Loomis at our last meeting, they were developing an online account for reviewing, we're hoping this will be availiable during the RICO, and permanently as an publicly open account, so anyone will be able to check the quantity of the gold reserves online. New funds for the gold reserves will be shipped directly to the new Loomis location.


... sic manet gloria mundi.
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July 18, 2016, 01:22:04 PM
 #85

what percentage will you be paying to RICO member?
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July 18, 2016, 01:41:18 PM
 #86

On the rico.xaurum.org/dashboard page my XAU deposit address isn't showing.
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July 18, 2016, 01:42:44 PM
 #87

Back by gold???
Doesn't this miss point of crypto/btc and value for an Altcoin???

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July 18, 2016, 02:12:48 PM
 #88

On the rico.xaurum.org/dashboard page my XAU deposit address isn't showing.
This issue is resolved.

Hi all, I have two questions:
- Has there ever been a melting of XAU? I checked coinmarketcap's graphics concerning XAU and found that the lowest was 0.11BTC (when BTC was at approximately 400$) meaning 1XAU equaled 44$, at that time 1g of gold was at 37$. So there does not seem to be any good reason for someone to ever melt XAU, hence I was wondering about any recored of someone melting their XAU.
- Can anyone elaborate on the main differences between XAU/XAUR and the DigixDAO (which I don't know much about) https://www.dgx.io/?
Thx
There were 2 melts so far. Melting isn't economically sound when the market price is higher than the price of the gold base. DigixDAO makes gold tokens with a fixed ratio, it is a digital representation of a physical asset, Xaurum is a form of money that uses gold as its base value, it has a growing gold base that distributes the profit of money creation to all its users, and employs various mechanisms to ensure it keeps growing.


will be keeping an eye on this. will the price change also in the coming days? and is there bonus in the early days of the (R)ICO?
The price during the RICO will increase after each minting. Minting will be done every 3 days of RICO (first mint on Thursday noon CET), the price will increase, because at each minting, the Xaurum ratio will increase. Xaurum ratio represents the quantity of physical gold represented by 1 XAU.

... sic manet gloria mundi.
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July 18, 2016, 02:17:08 PM
 #89

The old proofs of gold are found on our old blog: aurescoinstitute.tumblr.com
This is only the part of the gold reserves we keep in Slovenia, for faster melting. The main part is stored at Nadir, in Turkey and getting transfered to Loomis, this transfer contract will be published as soon as it is possible. Part of our team, is currenlty travelling to Turkey, to arrange for a re-location from the turkish Loomis to the an european-based Loomis storage facillity, because of the recent political activity. While discussing with Loomis at our last meeting, they were developing an online account for reviewing, we're hoping this will be availiable during the RICO, and permanently as an publicly open account, so anyone will be able to check the quantity of the gold reserves online. New funds for the gold reserves will be shipped directly to the new Loomis location.



Nice, is very good to work with a coin that explain the process and keep it transparent.
keep up with the good work!

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July 18, 2016, 02:44:34 PM
 #90

Registered successfully. BTC came through as did old XAU.
Waiting for FIAT confirmation of verification...

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July 18, 2016, 03:20:18 PM
 #91

Would be nice if Xaurum could be added to more exchanges. Anything alike planned after the RICO ICO?



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July 18, 2016, 07:24:59 PM
 #92

Fiat transactions are incoming, but are not yet visible on the page, because they can only be processed at minting, as will be the new Xaurum gold reserves growth and newly minted xaurum on personal balances.

So far, we have collected:

- 241974.42 USD  in fiat currencies,
- 33.12267881 BTC
- 170.94931463 ETH
- 1.9 LISK

and exchanged 3236.43470218 XAU for 25891477.6174 XAUR.


Would be nice if Xaurum could be added to more exchanges. Anything alike planned after the RICO ICO?
We agree, we intend to get listed on all relevant exchanges, and other providers of crypto services, to fully utilize the existing crypto infrastructure.

... sic manet gloria mundi.
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July 18, 2016, 08:51:52 PM
 #93

There was said that the minting will long three days, but at what time of 20th July?

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July 18, 2016, 08:59:25 PM
 #94

There was said that the minting will long three days, but at what time of 20th July?
first mint on Thursday noon CET

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July 18, 2016, 09:20:52 PM
 #95

any early bird bonuses? how long is ico?

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July 18, 2016, 09:23:42 PM
 #96

hello,

I have question, likely new xaurum project gonna migrated to ETH smart contract, so new proof of participation will be POS, POW, or other proof ?

if it's POS can yu explain me how yu can pay without POW and upgrade XAUR value in gold (common wealth) ?

sorry but i have  difficulties to understand the POS process with this coin.

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July 19, 2016, 02:43:31 AM
 #97

How is minting rate? %

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Yuzu
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July 19, 2016, 03:01:23 AM
 #98

Watching closely.
 Smiley
rindo
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The Movement DAO


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July 19, 2016, 03:04:55 AM
 #99

actually i can;t wait this project becouse i know Xaurum have a great team just think want to invest much in this project

#miss Gold lol

🚂 Unstoppable Organisation - The Movement DAO
frankmb
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Too Weird to Live. Too Rare to Die...


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July 19, 2016, 06:50:53 AM
 #100

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