[ANN] Xaurum [XAUR]

[nihilnegativum]

Xaurum's office is every day full of new enthusiast That's the way to go! The future is very bright

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[jure90]

Hello guys,

Today I am full of thoughts. Have you ever did a calculation what will be when 100mio usd will come in to the project?

1. 100.000.000usd / 50usd (price of 1g gold card)= 2.000.000g (2tons new gold purchased for the backing)

2. 100.000.000usd / 5usd (average price of 1xaurum with this amount of backing) = 20.000.000 new Xaurum issued


If you divide total supply of gold by total supply of Xaurum you will be more than shocked.

2.043.656.g of gold/ 110.310.367xaur = 0.0185g/1xaur = 0.963 usd in gold per 1 Xaurum

That means the market price would be around 4x higher - approx. 4usd. With this we would have marketcap of 480.000.000usd. That means that we would be on top 10list on coinmarketcap.com and backed by 2tons!!! of physical gold.

Can you please tell me why would anyone believe in any crypto on top 10list on coinmarketcap.com if we are talking about money? Definition of money is storing a value, not playing a game.

Disclaimer: The calculation above is not exact and it has just an illustration purpose. I did not include any of burning transaction fees (0.5xaur per 1transaction) which are again profitable.

[nmrcngrb]

Xaurum Mint XVI:

Mint market-buy: 9.708 BTC

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 fees not subtracted)
Total Xaurum gold reserves: 43656.36398871239 g

Production price: 0.1202 $

Nice!
It's been less than 3 weeks since last mint, so it looks like something is really going on here.
Last time I remember that mints were so frequent, was more than half a year ago and the result was just amazing for my pocket (Or I better say for the value of my coins, since I didn't sell them)

[Zebo]

Hii
Can i buy xaurum on a gas station in slovenia? When yes where?

[jure90]

If you want we can go deeper.

The calculation above was made as an example what will happen when 100MIO USD will come on board.

Xaurum is so good that we do not need even 1USD to come in. Why? Because every move with the Xaurum is profitable for the whole community.

1. If you move Xaurum from point A to point B - 0.5 Xaurum is burned (the gold that was behind of this 0.5Xaur remains in the vault and it is automatically distributed among the whole Xaurum community).

2. If you pay a coffee with Xaurum. Again, same story.  0.5 Xaur is a transaction fee - the gold that was behind remains.

3. Number of daily transactions on Bitcoin's network is on average 300.000/day (https://blockchain.info/charts/n-transactions).


If the total amount of Xaurum remains the same (so not even 1usd will come in anymore) we just need to use it.

300.000 transactions / day = 9.000.000/month

So we need 20 months to move our Xaurums around and there will be just 1 Xaurum left with the 43656g of gold.

43656g x 50usd= 2.182.800USD. What would then price of Xaurum be? Do your math.


Bottom line - it does not matter which system of payment methods are you using; FIAT or CRYPTO. The creator of the system is a winner - like in a casino. But in Xaurum's case, the community is a winner.

Try to make millions and millions of transactions on any other crypto than Xaurum, and tell me the difference in a real value.

[filipovski]

This is a very good point. Time is working for Xaurum. There are absolutely no limits for price growth, there are obviously gold insured limits to fall and this base price is growing every day.

[jure90]

Ok, let go another one.

How much do you think that 100MIO usd actually is?

Total marketcap of all coins listed on coinmarketcap.com is USD26,877,877,231.

So:

1. 100MIO usd is 0.37% of all crypto listed

2. 20% of BTC daily trading volume


Xaurum's best positioning on coinmarketcap.com was on 23rd place - at that time the marketcap of Xaurum was 8mio USD. Today, if you would like to be on the same place, you need 28MIO USD of marketcap.

Is it just me, or is there anyone else too, that can not even pronounce all the names of coins listed around 23rd place? What happened that today we are listed on 49th place? Is there less gold behind of Xaurum? No, there is more of it. I call it a BUBBLE .

Do you really think, that you need trillions of different cryptos to live your life? First you need to buy a coffee- it is called Coffee coin, second you need to eat- it is called Food coin, third you need to sleep - it is called Bed coin and so on.

Come on guys? Really???

Ask yourself if something that can be created out of thin air every few seconds/minutes (depends on a blocktime), how can this store value, and how can this be called either a currency or a money?

Would you really buy an Apple share, if they would print new shares every 10minutes?

[Domenc]

That feeling when you ignore Xaurum cause you confused it with Aurum which was that Onecoin gold coin bullshit. T_T
[/quote


Well you better hurry up to buy some Xaurums before price will explode. 🙂🙂]

[greatlive]

Totally impressed with the Xaurum!! That's what I was looking for many, many time in the crypto world!! 

[jure90]

I am not finished

Xaurum had 2 ICOs.

FIRST ICO - February 2015

- Xaurum was introduced
- 100% of collected money  was spent on buying physical gold for the backing


SECOND ICO - July 2016

- transition from POS 2.0 to Ethereum platform
- split of Xaurum by 8000 - community got for every 1 old XAU -> 8000 new Xaur
- 100% of collected money was again spent on buying gold for the backing

THIRD ICO - XXX YYY

You see the pattern? The money that comes in is used for the community not for the Dev's pockets.

What is the difference between Onecoin ponzi MLM or the shitcoin that can be printed out of nothing? There is NONE.

You know what are the most used techniques for selling Onecoin? WORDS/PROMISES. Platform, algorithm, anonymous, decentralisation, blockchain, smartcontract - nothing that you can touch or see in a real life. Do you maybe find any similarity with the shitcoins that are listed on top 50?

Xaurum uses blockchain technology and one of the most advanced smart contracts just for the easier usage of Xaurum itself, not for selling the stories. No one from the Devs did not mention advanced smart contract  even once. Why? Because it does not matter. Today Xaurum works on Ethereum, tomorrow maybe on something else. You are using paper with some ink on it and you call it money (eur, usd, jpy, aud, cad,...). In the cryptoworld, everyone is trying to sell some space-technology just to sell its own coin.

[jure90]

It is not over.

THE RATIO.

What is the ratio?

In mathematics, the ratio is an exact relationship between two numbers.

Xaurum is very simple. It has two variables. Total supply of all Xaurums in circulation and total suppy of gold stored in the vault. Out of this two variables you can get EXACT ratio how much gold there is behind of every Xaurum.

1. I can not stay calm when I see posts stating that Xaurum is not 100% backed by gold. It is not and it will never be. Whoever thinks that it can/will be 100% backed by gold, does not understand it right. What would the price of BTC be if there would be officially announced that there is 300usd of gold behind of every BTC. Still more than 1000usd?

2. A lot of people think that swiss franc is backed by gold. Really? Can you please tell me exactly how much CHF there is and exact how many grams of gold is used for the backing.

3. The crypto world. All cryptos have just one variable and this is total supply of the coin.

Now you see why Xaurum has 0% of premine. Because you can not print gold.

NO GOLD --> NO NEW XAURUM

NOTHING --> NEW SHITCOIN

[megashira1]

Would it not be better to migrate XAUR to ETC as its block-chain still retains the principles of immutability; which goes hand in hand in hand with the value proposition of gold?

[jure90]

More mathematics.


If you look at Xaurum on Bittrex exchange.
There is 72BTC on sell wall for Xaurum to reach the price of 0.03BTC per 1 Xaurum which is approx. 32usd / 1Xaurum.



So what do you want with next 70.00USD of new demand for Xaurum.

1. Xaurum team buys 72BTC worth of Xaurums from Bittrex exchange. Therefore the marketcap of Xaurum will rise to:

90.000.000 Xaurums in circulation X 32USD = 2.880.000.000USD

This means that Xaurum would be listed on third place on coinmarketcap.com, right behind Ethereum.



2. Xaurum team buys for 70.000usd of new gold and create for 70.000usd of new Xaurums.

70.000 USD / 50usd - price of 1g golden card = 1400g of new gold that will be in a vault for LIFE.


Me? I prefer GOLD.

[kaicrypzen]

More mathematics.


If you look at Xaurum on Bittrex exchange.
There is 72BTC on sell wall for Xaurum to reach the price of 0.03BTC per 1 Xaurum which is approx. 32usd / 1Xaurum.



So what do you want with next 70.00USD of new demand for Xaurum.

1. Xaurum team buys 72BTC worth of Xaurums from Bittrex exchange. Therefore the marketcap of Xaurum will rise to:

90.000.000 Xaurums in circulation X 32USD = 2.880.000.000USD

This means that Xaurum would be listed on third place on coinmarketcap.com, right behind Ethereum.



2. Xaurum team buys for 70.000usd of new gold and create for 70.000usd of new Xaurums.

70.000 USD / 50usd - price of 1g golden card = 1400g of new gold that will be in a vault for LIFE.


Me? I prefer GOLD.

Given the fact that option one seems very unlikely (unless you have some very strong arguments in its favor ), let's go with option two . Having said that, when do you think these 70k dollars of new demand will come?

[Puhi]

More mathematics.


If you look at Xaurum on Bittrex exchange.
There is 72BTC on sell wall for Xaurum to reach the price of 0.03BTC per 1 Xaurum which is approx. 32usd / 1Xaurum.



So what do you want with next 70.00USD of new demand for Xaurum.

1. Xaurum team buys 72BTC worth of Xaurums from Bittrex exchange. Therefore the marketcap of Xaurum will rise to:

90.000.000 Xaurums in circulation X 32USD = 2.880.000.000USD

This means that Xaurum would be listed on third place on coinmarketcap.com, right behind Ethereum.



2. Xaurum team buys for 70.000usd of new gold and create for 70.000usd of new Xaurums.

70.000 USD / 50usd - price of 1g golden card = 1400g of new gold that will be in a vault for LIFE.


Me? I prefer GOLD.

Given the fact that option one seems very unlikely (unless you have some very strong arguments in its favor ), let's go with option two . Having said that, when do you think these 70k dollars of new demand will come?

Option 1 is clearly the only option for every other coin except Xaurum. Xaurum is the only one with option 2.
More than 70k of demand is coming daily. Investments are being collected. Minting will be processed in a way which maximises the benefits  Xaurum holders.

[impr3zo]

Hello guys,

Today I am full of thoughts. Have you ever did a calculation what will be when 100mio usd will come in to the project?

1. 100.000.000usd / 50usd (price of 1g gold card)= 2.000.000g (2tons new gold purchased for the backing)

2. 100.000.000usd / 5usd (average price of 1xaurum with this amount of backing) = 20.000.000 new Xaurum issued


If you divide total supply of gold by total supply of Xaurum you will be more than shocked.

2.043.656.g of gold/ 110.310.367xaur = 0.0185g/1xaur = 0.963 usd in gold per 1 Xaurum

That means the market price would be around 4x higher - approx. 4usd. With this we would have marketcap of 480.000.000usd. That means that we would be on top 10list on coinmarketcap.com and backed by 2tons!!! of physical gold.

Can you please tell me why would anyone believe in any crypto on top 10list on coinmarketcap.com if we are talking about money? Definition of money is storing a value, not playing a game.

Disclaimer: The calculation above is not exact and it has just an illustration purpose. I did not include any of burning transaction fees (0.5xaur per 1transaction) which are again profitable.

Based on this data, price of one XAURUM will be higher. Why? beucase there is nothing behind others...pure speculation.

What are your plans for the future, how to expand xaurum ?

[staysecure]

Didnt come by the Xaurum thread for some time now. I see the sceptics and trolls  have vanished finally and folks finally get it that Xaurum is 100%  backed by physical gold.

Congrats team Xaurum keep it up. I really do feel Slovenia. Need to find time this month for a visit to the Crystal Palace 

[Vyrez]

Here is a "newbie" question about storing XAUR offline/cold preffered paper wallet.

I know and have setup already Mist-Wallet-Account-Deposit some Ether... Contracts/Watch contract/Watch token after withdraw XAUR from RICO to ETH address and then you see the XAUR balance on your ETH address.

How would one store XAUR on for example Jaxx. I understand i can sent XAUR to any ETH address but in Jaxx wallet case there is no option to watch a custom token and therefore use Jaxx to sent XAUR to another ETH address. As i understand XAUR are sitting on that Jaxx ETH address and if one reveals the private key for the Jaxx eth pub key and imports it to Mist (that has watch XAUR token setup) those XAUR would be visible on Mist.

If my previous assumptions on Jaxx (export PRV key / import to Mist) are correct is it safe to assume on can generate/print true offline paper wallets for ETH by grabing zips https://github.com/kvhnuke/etherwallet or https://github.com/ryepdx/ethaddress.org , deposit some ETH to those addresses and withdraw XAUR to ETH addresses on paper wallets. After while when ready so spent, trade, redeem gold or transact XAUR, import paper wallet private keys to Mist or whatever grandma friendly wallet that comes in the near future.

I am not a newbie in crypto but with all the frustrations with getting the f...g Mist to download the ETH blockchain i rather have my XAUR offline untill there is a more user friendly solution for ETH based tokens not to mention i have some friends that invested in XAUR RICO and they are counting on me to provide safe storage for the golden blockchain tokens.

Team @Xaurum should also consider keeping the RICO XAUR respository for their clients/investors/users and maybe charge some GAS or XAUR per month/year for the service as its already nicely safeguarded with 2FA and all withdrawals are manually verified before release.

To add i withdrew some XAUR from RICO account to Mist and i really dont feel comfortable having them Mist hot as the Mist is one of the worst gui crypto  wallets i ever used in half a decade.

Congrats to team Xaurum for a great RICO and a great coin and thanks to anyone willing to comment on my "best XAUR offline storage practice newbie type question".

[Domenc]

I am going to Crystal palace tommorow afternoon - 5.april . Maybe we can meet each other if you will be there! 🙂

[staysecure]

I am going to Crystal palace tommorow afternoon - 5.april . Maybe we can meet each other if you will be there! 🙂

Tnx Domen but this week i am fully booked. Maybe just maybe on friday. So much going on but its all good and need to find time as well to drop a few lines for Finance.si regarding Xaurum (if i am not too late yet).