nihilnegativum
|
|
April 04, 2017, 12:20:00 PM |
|
Xaurum's office is every day full of new enthusiast That's the way to go! The future is very bright
|
|
|
|
jure90
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 04, 2017, 12:58:34 PM |
|
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
|
|
April 04, 2017, 01:06:15 PM |
|
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
Newbie
Offline
Activity: 1
Merit: 0
|
|
April 04, 2017, 01:23:10 PM |
|
Hii Can i buy xaurum on a gas station in slovenia? When yes where?
|
|
|
|
jure90
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 04, 2017, 01:24:46 PM Last edit: April 04, 2017, 03:18:53 PM by 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
Newbie
Offline
Activity: 1
Merit: 0
|
|
April 04, 2017, 01:30:50 PM |
|
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
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 04, 2017, 01:43:02 PM |
|
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
|
|
April 04, 2017, 01:50:42 PM |
|
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
Newbie
Offline
Activity: 39
Merit: 0
|
|
April 04, 2017, 02:09:45 PM |
|
Totally impressed with the Xaurum!! That's what I was looking for many, many time in the crypto world!!
|
|
|
|
jure90
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 04, 2017, 02:14:06 PM Last edit: April 04, 2017, 02:36:11 PM by 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
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 04, 2017, 02:32:09 PM |
|
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
Legendary
Offline
Activity: 1146
Merit: 1000
|
|
April 04, 2017, 03:07:26 PM |
|
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
Newbie
Offline
Activity: 42
Merit: 0
|
|
April 04, 2017, 03:11:24 PM |
|
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
|
|
April 04, 2017, 03:40:23 PM |
|
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
|
|
April 04, 2017, 03:54:26 PM |
|
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
Newbie
Offline
Activity: 15
Merit: 0
|
|
April 04, 2017, 07:50:06 PM |
|
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
|
|
April 04, 2017, 08:16:37 PM |
|
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
Newbie
Offline
Activity: 14
Merit: 0
|
|
April 04, 2017, 08:17:51 PM |
|
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
|
|
April 04, 2017, 08:19:04 PM |
|
I am going to Crystal palace tommorow afternoon - 5.april . Maybe we can meet each other if you will be there! 🙂
|
|
|
|
staysecure
|
|
April 04, 2017, 08:22:57 PM |
|
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).
|
|
|
|
|