[ANN] Xaurum [XAUR]

[fortunecrypto]

it's a sure investments, not an all cryptocurrency, also had some physical funds in forms of aurum or gold, it might be the reason while this one still standing amidst the pressure and competitions in the cryptoworld.

In my opinion this is the only coin I'm holding with a gold backing and they have a proof that they do have gold,and gold is an essential asset in the physical world,there's a coin that is imitating Xaur I think it's Onegram and many more coins will imitate or clone the same concept because they knew it's going to be a success

[1714001977]

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[1714001977]

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[andone3]

One question regarding the price. What is driving the price, because now the price dropped to 0.17 from 0.20 in just few days. What I am observing is that there is a price increase when new mint happens, and the price jumps up to the production price. Few days after the mint the price is below production price in the range of previous production price, let's say around 0.185 (current production price is 0.2051).

But overall the good thing is that the price is going up on avarage, with every mint the "floor" price is higher. This week is 0.17, week before was 0.15, and so on. I see that average daily volume is also increasing, which is good. 

[exoras]

And I got exactly same observations. For me, most important is that trading volume increases over time.

This will provide liquidity to Xaurum which is a key factor for success. 

[andone3]

I think that there is a huge potential in this unique coin. I've been following it for the last weeks, and I like it the most that is why I've decided to invest in it!

[nmrcngrb]

One question regarding the price. What is driving the price, because now the price dropped to 0.17 from 0.20 in just few days. What I am observing is that there is a price increase when new mint happens, and the price jumps up to the production price. Few days after the mint the price is below production price in the range of previous production price, let's say around 0.185 (current production price is 0.2051).

But overall the good thing is that the price is going up on avarage, with every mint the "floor" price is higher. This week is 0.17, week before was 0.15, and so on. I see that average daily volume is also increasing, which is good. 

Market price is driven by demand and supply as in any other coin, but the reason the price goes up is of course the gold coverage price (price of gold behind every xaurum, where the ammount of gold is getting higher and higer).
Reason why mint pushes the price up to the production price is because mint must first buy on the market if the price is lower, since obviously the supply is sufficient if the price is lower. At last mint the market price was higher than production price and that resulted in no market buy.
 

[dtacken]

Production price from last 5 mints:

Mint 16: 0.1202$
Mint 17: 0.1309$ (increased 8.9%)
Mint 18: 0.1573$ (increased 20.1%)
Mint 19: 0.1856$ (increased 18%)
Mint 20: 0.2051$ (increased 10.5%)

See where this coin is going? The only way is up up up!

Total increase from Mint 16:  70.6 % !!!  

I wonder where production price will be at the Mint 25?  

[exoras]

I see now that more people start getting it. 

[andone3]

One question regarding the price. What is driving the price, because now the price dropped to 0.17 from 0.20 in just few days. What I am observing is that there is a price increase when new mint happens, and the price jumps up to the production price. Few days after the mint the price is below production price in the range of previous production price, let's say around 0.185 (current production price is 0.2051).

But overall the good thing is that the price is going up on avarage, with every mint the "floor" price is higher. This week is 0.17, week before was 0.15, and so on. I see that average daily volume is also increasing, which is good. 

Market price is driven by demand and supply as in any other coin, but the reason the price goes up is of course the gold coverage price (price of gold behind every xaurum, where the ammount of gold is getting higher and higer).
Reason why mint pushes the price up to the production price is because mint must first buy on the market if the price is lower, since obviously the supply is sufficient if the price is lower. At last mint the market price was higher than production price and that resulted in no market buy.
 

So if I understand it right. If the production price is above market price, then dev team buys the coins on the market (increased demand) up to the production price? It the last mint market price was above the production price, meaning there was no market buy, which is actually great, beacuse more and more investors are recognizing the potential of xaurum and that is why price goes up.

But there is also selling happening on the market because the price decrease from 20 cents to 17 cents? But yes, price is gradually going up

[skysun]

Team of Xaurum representative working in Ljubljana Xaurum office on system which will reduce paper work.

http://imgur.com/a/yH2Kj

[Topknotbam]

Team of Xaurum representative working in Ljubljana Xaurum office on system which will reduce paper work.

New photos from the office - it's good)

[andone3]

Nice! What does it mean: less paperwork  ?

[zrjawkn]

Team of Xaurum representative working in Ljubljana Xaurum office on system which will reduce paper work.

New photos from the office - it's good)

Yeee Xaurum holders and fans, great job...more and more people understand that this is a really really unique concept...safe, unique, potencial and profitable for hole community..#It s only beggining

[aioc]

Team of Xaurum representative working in Ljubljana Xaurum office on system which will reduce paper work.

New photos from the office - it's good)

I'm 100% sure this is real,Xaurum will not put their reputation in a bad light if this is not real,this should also be posted at the announcement thread and on their website I'm sure with all the transparency they are showing,they gain more supporters and investors.

[exoras]

Once the system is done, sales will also go up pretty quickly.

[huanglui]

team is big

everything is transparency everything is nice and leet

so why there is no wish from team to put up a real trading on markets with bigger volume&more investors?

Why don't u work on marketing and promoting xaur all over balkan countires, EU and US?

could u answer me?

[von der]

Xaurum Mint XX:

Mint market-buy: 0 BTC

Gold increased: 14000.00000000002  g
Xaurum issued: 6299582.133486496  XAUR
Xaurum Ratio: 0.0007288198894566714
1 g can be melted for: 1372.0811059993036  XAUR

Total Xaurum money supply: 110299028.08570445 (total fees not subtracted)
Total Xaurum gold reserves: 80388.12545660141 g

New production price:  0.2051 $

Waaaaw...this is f****ng amazing! 😀

It's too much

[zrjawkn]

team is big

everything is transparency everything is nice and leet

so why there is no wish from team to put up a real trading on markets with bigger volume&more investors?

Why don't u work on marketing and promoting xaur all over balkan countires, EU and US?

could u answer me?

Everythink will be in near future...but you should understand that hole money goes to buy new gold reserves....All promotion, offices and so on goes from devs private pocket, SO WE ALL KNOW HOW THEY BEALIVE IN XAURUM project.

Time is on Xaurum side...becouse devs don t want to pump the price but they want to buy new gold reserves constantly and that means also the price goes up.

[exoras]

It doesnt go from Dev's pockets, this is nonsense, man. I mean this is not a charity organization. They have lots of Xaurums in their pockets so it's in their favor to make this project work and increase it's price.

That's how they profit and that's how the project is working. If it happens that dev's give up on Xaurum, we'll be left at least with gold reserves.

I have one question though:

How are we guaranteed that whatever happens we will be able to receive the gold behind our Xaurum coins? Is it guaranteed by a contract? Who will be held responsible if someone refuses to do so, or the company just disappears?

How are we guaranteed actually that we will have the right to claim our gold no matter what happens to Xaurum? Anyone knows? I am not being pesimistic, I am just trying to project and visualise the worst case scenario.

[judeafante]

It doesnt go from Dev's pockets, this is nonsense, man. I mean this is not a charity organization. They have lots of Xaurums in their pockets so it's in their favor to make this project work and increase it's price.

That's how they profit and that's how the project is working. If it happens that dev's give up on Xaurum, we'll be left at least with gold reserves.

I have one question though:

How are we guaranteed that whatever happens we will be able to receive the gold behind our Xaurum coins? Is it guaranteed by a contract? Who will be held responsible if someone refuses to do so, or the company just disappears?

How are we guaranteed actually that we will have the right to claim our gold no matter what happens to Xaurum? Anyone knows? I am not being pesimistic, I am just trying to project and visualise the worst case scenario.

All your questions are valid and I believe the dev team can come out with a solution to this ,so let's see what they have to offer,but compare to other crypto projects we have a tangible back up some of these coins are just make believe and empty promises so they have credible to offer to holders.

[zrjawkn]

It doesnt go from Dev's pockets, this is nonsense, man. I mean this is not a charity organization. They have lots of Xaurums in their pockets so it's in their favor to make this project work and increase it's price.

That's how they profit and that's how the project is working. If it happens that dev's give up on Xaurum, we'll be left at least with gold reserves.

I have one question though:

How are we guaranteed that whatever happens we will be able to receive the gold behind our Xaurum coins? Is it guaranteed by a contract? Who will be held responsible if someone refuses to do so, or the company just disappears?

How are we guaranteed actually that we will have the right to claim our gold no matter what happens to Xaurum? Anyone knows? I am not being pesimistic, I am just trying to project and visualise the worst case scenario.

Here is the proof  by the administrative unit of the Republic Slovenia

http://imgur.com/a/YnFBS
http://imgur.com/a/2RrND

READ IT.