[ANN] Xaurum [XAUR]

[wahyu5]

the price at c-cex is 19k now
I think that this coin has potential
the price always rise everyday

Yeah..i think this coin is profitable
Dev and team always active on community

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[Xanidas]

the price at c-cex is 19k now
I think that this coin has potential
the price always rise everyday

we can't say that yet since the market is only moving for a day or two, we can see the potential if the price can still be there after some few weeks or maybe months

[zxdcv]

Great Job Development Team. Good work.

[zxdcv]

A nice website with tools to check all info about Xaur      www.cryptocompare.com    search for XAUR and check it out. I find this site very handy.

[jure90]

Check this out.

https://www.youtube.com/watch?v=QYMaXH1aZPM&list=PLpXoSlAQ9ycw7qg6inCCkBVlH4zWTO11Z&index=1

[Sm00kew]

Marketcap of xaurum 8,893,483$. Value of all gold owned by xaurum 900,000$. Is this right?

No the gold value is around to 1.5 million.

thank you

[Sm00kew]

the price at c-cex is 19k now
I think that this coin has potential
the price always rise everyday

usually price goes to ico price first and then up

[gravitate]

what was ICO price please?

[Aurum Project]

Explanation: XAURUM Production price

Xaurum's Coinage price is an empirical variable required by the Xaurum Coinage formula, it is the market price of 1 XAUR at the time of Coinage, on the exchange with the most volume. This variable is used for different functions, one of it is Xaurum Production price, that regulates Xaurum money supply inflation. The purpose of this mechanism is to distinguish market demand for new xaurum from the general demand for profit. It allows Xaurum to determine the time of beneficial market conditions for its inflation.

 As you know, new XAUR token can only be generated through Coinage, currently Minting and Mining.
The price of producing new XAUR token is defined as Production price.
Production price is XAURUM’s most important external parameter, that allows Xaurum to respond to its external market conditions. It defines the market price required for Xaurum money-supply inflation, and  provides speculators with the well-defined market price of XAUR, when anticipating Xaurum growth.

Rules:
1. Production price can only increase.
2. Production price is set at every Coinage.
3. Production price is used as an empirical variable of the Coinage equation.
4. New Production price is set at exchange price of XAUR at the time of the Coinage. When the exchange price is greater than the previous Production price, Coinage is possible.
5. Production price is denominated in USD.

Simplified:
 It is impossible to produce new XAUR, when the price lower than Production price. If you hold XAUR token, you are guaranteed that not a single new XAUR token will be coined when the market price is below Production price. And the production price can only grow.

Production price regulates supply of new XAUR tokens:
1. If the prices on exchanges are lower than production price, the supply of XAUR tokens is sufficient for current demand, as expressed by the market. The coinage of new xaurum through minting and mining will stop, and the mints and the Goldmine will have to buy from the market, until the price allows for inflation.
2. When the price on the exchange grows above Production price it is a sign that market is demanding new xaurum. In this case supply will be increased through coinage, the Xaurum commonwealth gold will increase, and new (higher) Production price will be set.

In short; XAURUM has built in mechanism that regulates supply of new tokens. The market will never be flooded with new XAUR being coined without a good reason - the market demand for new xaurum.

[zxdcv]

This is why I haven't sold a single RICO coin. I bought 7,000 Xaur on C-cex...sold...and re-bought 10,000 Xaur. My goal is to buy more. This coin is very complex. It's not just a gold back crypto coin, the value of this coin will grow plus the "amount" of gold per coin will grow over time as well. To be honest...any coin or currency not backed by something like gold is essentially worthless in the long run. i see this coin being worth a crazy price in 2 years or less. The way the world economy is looking right now anything backed by gold is a safer bet than stocks or fiat. This is my opinion.

[jojohudina]

Everything what is below 0.00018 BTC is crazy cheap. That was the last minting price. So no more new Xaurums will be produced below that price.
You can buy now them like with 20-30% disscount.
br

[jure90]

Devs, I personally think that the Production price will add even more faith in the coin. Anyone selling below the last production price is crazy. Thank you for the discount dumpers:))

[Puhi]

Explanation: XAURUM Production price

Xaurum's Coinage price is an empirical variable required by the Xaurum Coinage formula, it is the market price of 1 XAUR at the time of Coinage, on the exchange with the most volume. This variable is used for different functions, one of it is Xaurum Production price, that regulates Xaurum money supply inflation. The purpose of this mechanism is to distinguish market demand for new xaurum from the general demand for profit. It allows Xaurum to determine the time of beneficial market conditions for its inflation.

 As you know, new XAUR token can only be generated through Coinage, currently Minting and Mining.
The price of producing new XAUR token is defined as Production price.
Production price is XAURUM’s most important external parameter, that allows Xaurum to respond to its external market conditions. It defines the market price required for Xaurum money-supply inflation, and  provides speculators with the well-defined market price of XAUR, when anticipating Xaurum growth.

Rules:
1. Production price can only increase.
2. Production price is set at every Coinage.
3. Production price is used as an empirical variable of the Coinage equation.
4. New Production price is set at exchange price of XAUR at the time of the Coinage. When the exchange price is greater than the previous Production price, Coinage is possible.
5. Production price is denominated in USD.

Simplified:
 It is impossible to produce new XAUR, when the price lower than Production price. If you hold XAUR token, you are guaranteed that not a single new XAUR token will be coined when the market price is below Production price. And the production price can only grow.

Production price regulates supply of new XAUR tokens:
1. If the prices on exchanges are lower than production price, the supply of XAUR tokens is sufficient for current demand, as expressed by the market. The coinage of new xaurum through minting and mining will stop, and the mints and the Goldmine will have to buy from the market, until the price allows for inflation.
2. When the price on the exchange grows above Production price it is a sign that market is demanding new xaurum. In this case supply will be increased through coinage, the Xaurum commonwealth gold will increase, and new (higher) Production price will be set.

In short; XAURUM has built in mechanism that regulates supply of new tokens. The market will never be flooded with new XAUR being coined without a good reason - the market demand for new xaurum.

I suggest you read about the XAURUM Production price.
Everybody who deals with XAURUM should understand it in detail.

Here is a simplified explanation:
https://www.facebook.com/notes/xaurum-official/production-price/839442149525950

[Aurum Project]

Xaurum Mint VIII:

Mint market-buy to reach production price: 7476 $

Minting value: 1549 $
Gold increased: 28.266423357664234  g
Xaurum issued: 22213.486065287136  XAUR
Xaurum Ratio: 0.00039839391372149254
1 g can be melted for: 2510.0785066186418  XAUR

Total Xaurum money supply: 82579349.9605434 XAUR (total fees not subtracted)
Total Xaurum gold reserves: 33023.06776715328 g

Production price: 0.111 $

[trader19]

Xaurum Mint VIII:

Mint market-buy to reach production price: 7476 $

Minting value: 1549 $
Gold increased: 28.266423357664234  g
Xaurum issued: 22213.486065287136  XAUR
Xaurum Ratio: 0.00039839391372149254
1 g can be melted for: 2510.0785066186418  XAUR

Total Xaurum money supply: 82579349.9605434 XAUR (total fees not subtracted)
Total Xaurum gold reserves: 32899.11042335766 g

Production price: 0.111 $

after watching another video about xaurum i started to understand how value increases over time

Link:
https://www.youtube.com/watch?v=P8aD3AeDpLQ

very good job dev.

[Aurum Project]

We've decided to keep this topic as the official one for the new Xaurum, we will be posting all official information here.
As you might have noticed, the sequence of the Mints (Mint I, II, III...) was slightly changed, to be the same as the information in the smart-contract, Mint VI is not published, as it was the conversion of old XAU to XAUR.

[kaicrypzen]

We've decided to keep this topic as the official one for the new Xaurum, we will be posting all official information here.
As you might have noticed, the sequence of the Mints (Mint I, II, III...) was slightly changed, to be the same as the information in the smart-contract, Mint VI is not published, as it was the conversion of old XAU to XAUR.

Does this mean:
- There are masternodes (with at least 8 000 000 XAUR) which can mint. Are they listed somewhere?
- All XAU in circilation was transformed.
- I missed stats about mint VII (mint VI was the conversion and you just published mint VIII).

Thank you very much.

[The-Accountant]

Very interesting project. I am liking what I am seeing a crypto backed by something actually worth shit and not just shit. Watch this space and get ready for the big daddy is about to arrive.

[eye4bd]

We've decided to keep this topic as the official one for the new Xaurum, we will be posting all official information here.
As you might have noticed, the sequence of the Mints (Mint I, II, III...) was slightly changed, to be the same as the information in the smart-contract, Mint VI is not published, as it was the conversion of old XAU to XAUR.

Hi
Is there any certain time frame for withdraw XAUR from RICO ICO website? And I want to withdraw my XAUR
by dividing two transaction! Is that also possible?

Thanks!

[Aurum Project]

We've decided to keep this topic as the official one for the new Xaurum, we will be posting all official information here.
As you might have noticed, the sequence of the Mints (Mint I, II, III...) was slightly changed, to be the same as the information in the smart-contract, Mint VI is not published, as it was the conversion of old XAU to XAUR.

Does this mean:
- There are masternodes (with at least 8 000 000 XAUR) which can mint. Are they listed somewhere?
- All XAU in circilation was transformed.
- I missed stats about mint VII (mint VI was the conversion and you just published mint VIII).

Thank you very much.

There is currently just one masternode, he's doing his own website. All XAU in circulation were transformed to XAUR, however, not all were claimed, we suspect a portion is lost forever because of the cryptsy scam. The transformation for all that have missed the information is can still be done on the RICO website. Mint VII was the last mint published as Mint I (because it was the first after RICO), but we have now changed it to Mint VII to match it with the smart-contract