[ANN] Xaurum [XAUR]

[andone3]

there are always be fudders which wants cheaper coins

XAUR soon 50k   (when people will stop selling it on low prices).

50k means - 50 thousands. You're mentioning this amount all the time. Do you think that the price will hit 50 thousands USD??? 

I really don't know what you mean by "50k"?

50k means 50 000 satoshis and that it's calculated around 1 USD... One satoshi is 0,00000001 BTC. So with current price of bitcoin it's: 2300*0,0005=1,15 USD... Hope it helps you

Thanks for explanation. All clear now

[BTCBusinessConsult]

Can somebody explain to me like I am 5 how the whole gold minting process works for this coin? Still slightly confused.

Are the transaction fees used to purchase the gold every X number of weeks? Thanks for clarifying.

[Puhi]

Can somebody explain to me like I am 5 how the whole gold minting process works for this coin? Still slightly confused.

Are the transaction fees used to purchase the gold every X number of weeks? Thanks for clarifying.

Minting converts investments (USD, EUR, ..., soon BTC and ETH) into new gold and new Xaurum.
1. Invested money is spent to buy physical gold bars.
2. New Xaurum are issued at production price and backed by gold up to the level of all the rest existing Xaurum.
3. Since the production price is higher than the price of gold needed to back new Xaurum, there is a quantity of gold left.
4. This quantity of gold is delivered to the community of holders as golden dividend.
5. This is how the quantity of gold owned by every Xaurum is increased.

Burning is separate process that also increases the quantity of gold owned by every Xaurum.
Burning destroys Xaurum and decreases the number of Xaurum in circulation. The quantity of gold stays the same.
The result is obviously more gold owned by every single Xaurum.
One of the examples is transaction fee. Every transaction on Xaurum blockchain destroys 0,5 XAUR.
Burning will be much more important in the future.

Both minting and burning processes are smart contracts. The code in public.

I hope this helps.

[robelneo]

Can somebody explain to me like I am 5 how the whole gold minting process works for this coin? Still slightly confused.

Are the transaction fees used to purchase the gold every X number of weeks? Thanks for clarifying.

Minting converts investments (USD, EUR, ..., soon BTC and ETH) into new gold and new Xaurum.
1. Invested money is spent to buy physical gold bars.
2. New Xaurum are issued at production price and backed by gold up to the level of all the rest existing Xaurum.
3. Since the production price is higher than the price of gold needed to back new Xaurum, there is a quantity of gold left.
4. This quantity of gold is delivered to the community of holders as golden dividend.
5. This is how the quantity of gold owned by every Xaurum is increased.

Burning is separate process that also increases the quantity of gold owned by every Xaurum.
Burning destroys Xaurum and decreases the number of Xaurum in circulation. The quantity of gold stays the same.
The result is obviously more gold owned by every single Xaurum.
One of the examples is transaction fee. Every transaction on Xaurum blockchain destroys 0,5 XAUR.
Burning will be much more important in the future.

Both minting and burning processes are smart contracts. The code in public.

I hope this helps.

This is a very good explanation and I will add it our directory and blog where Xaurum is listed as premium I think the process is simple and profitable for long term holders burning is one way to increase the price and it's applicable to any coin.

[ampco]

Can somebody explain to me like I am 5 how the whole gold minting process works for this coin? Still slightly confused.

Are the transaction fees used to purchase the gold every X number of weeks? Thanks for clarifying.

Minting converts investments (USD, EUR, ..., soon BTC and ETH) into new gold and new Xaurum.
1. Invested money is spent to buy physical gold bars.
2. New Xaurum are issued at production price and backed by gold up to the level of all the rest existing Xaurum.
3. Since the production price is higher than the price of gold needed to back new Xaurum, there is a quantity of gold left.
4. This quantity of gold is delivered to the community of holders as golden dividend.
5. This is how the quantity of gold owned by every Xaurum is increased.

Burning is separate process that also increases the quantity of gold owned by every Xaurum.
Burning destroys Xaurum and decreases the number of Xaurum in circulation. The quantity of gold stays the same.
The result is obviously more gold owned by every single Xaurum.
One of the examples is transaction fee. Every transaction on Xaurum blockchain destroys 0,5 XAUR.
Burning will be much more important in the future.

Both minting and burning processes are smart contracts. The code in public.

I hope this helps.

Excellent explanation! Once you understand this concept Xaurum, you can see how well the whole thing pledged.

[exoras]

I am also thinking of adding a more thorough review + guide for purchase at production price since some people seems to be missing it.

Market cap increased by 7 mln $ in just about few days as organic growth increases.
I was observing yesterday a huge increase in daily trading volumes to a level of 250 000$ which is wayyyyy higher than ever before!
Someone or some people are buying huge ass amounts of Xaurums.

[robelneo]

I am also thinking of adding a more thorough review + guide for purchase at production price since some people seems to be missing it.

Market cap increased by 7 mln $ in just about few days as organic growth increases.
I was observing yesterday a huge increase in daily trading volumes to a level of 250 000$ which is wayyyyy higher than ever before!
Someone or some people are buying huge ass amounts of Xaurums.

This is a free market everyone is free to buy or invest to a coin which they think will give them a good yield in the future and Xaurum is indeed a profitable venture like to see in the top 20 before the year which is attainable if the dev and the community are all committed.

[hrbt]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

[Mp777]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Nobody is blocking higher prices, the marked defines it. For the mint, a special algorithm calculates the next production price.

Maybe somebody with better knowledge should also answer this.

[rehe]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Nobody is blocking higher prices, the marked defines it. For the mint, a special algorithm calculates the next production price this days.

Maybe somebody with better knowledge should also answer this.

Market defines all prices between production price and golden price. It's interesting that market price is above production price this days. This buyers don't know about production price.

[hope-crypto]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Nobody is blocking higher prices, the marked defines it. For the mint, a special algorithm calculates the next production price this days.

Maybe somebody with better knowledge should also answer this.

Market defines all prices between production price and golden price. It's interesting that market price is above production price this days. This buyers don't know about production price.

Yeah but why the new mint did not happend yet? Somebody maybe willing to explain what it is necessary for mint? I mean it is not about the amount of new gold and it is not fix day in the week...

[Mp777]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Nobody is blocking higher prices, the marked defines it. For the mint, a special algorithm calculates the next production price this days.

Maybe somebody with better knowledge should also answer this.

Market defines all prices between production price and golden price. It's interesting that market price is above production price this days. This buyers don't know about production price.

Yeah but why the new mint did not happend yet? Somebody maybe willing to explain what it is necessary for mint? I mean it is not about the amount of new gold and it is not fix day in the week...

Mint is random event to prevent speculations.

[Puhi]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Xaurum is based on real value. It is a safe investment with extraordinary returns.
It can grow when the value backing it grows.
Real value also prevents dumps.

Unreasonable growth results in unreasonable falls. If you want this, you need to look at all other crypto offerings.

[hope-crypto]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Nobody is blocking higher prices, the marked defines it. For the mint, a special algorithm calculates the next production price this days.

Maybe somebody with better knowledge should also answer this.

Market defines all prices between production price and golden price. It's interesting that market price is above production price this days. This buyers don't know about production price.

Yeah but why the new mint did not happend yet? Somebody maybe willing to explain what it is necessary for mint? I mean it is not about the amount of new gold and it is not fix day in the week...

Mint is random event to prevent speculations.

oh thanks
lol my logic ahaha 

[hrbt]

dev's could u explain me where is the point to sell big amount of XAUR at almost same prices 8 - 12k satoshis?

why you are blocking higher prices?!?

dont' get it at all

Xaurum is based on real value. It is a safe investment with extraordinary returns.
It can grow when the value backing it grows.
Real value also prevents dumps.

Unreasonable growth results in unreasonable falls. If you want this, you need to look at all other crypto offerings.

so in this logic and strategy   it could be  2025   at price 50k ?

[Calangaman]

Just found out about this thread and coin.

- What is the relationship between gold price and XAUR price ?

In the past 30 days, gold oscillated between 1219 and 1264$, say a 3% range. Why XAUR moved so much during the same period ?

- What is the advantage of buying XAUR over a gold ETF ?

[aioc]

Just found out about this thread and coin.

- What is the relationship between gold price and XAUR price ?

In the past 30 days, gold oscillated between 1219 and 1264$, say a 3% range. Why XAUR moved so much during the same period ?

- What is the advantage of buying XAUR over a gold ETF ?

Just check this interview it will give an insight and what is xaurum and it's goal and it's purpose the dev himself provided these answers to all these questions .

http://cryptocurrencieshub.com/xaurum-the-golden-blockchain/

[LaBlanj]

Hows going xaurum community?when xaur ico, i bought some Xaurs but i sold them.
today price is same

[nitja]

Hows going xaurum community?when xaur ico, i bought some Xaurs but i sold them.
today price is same

Getting stronger  You need a new calculator... we have quite different experience; I also bought on ICO 2, but yesterday I sold some of those Xaurs and my gain was 600% +

[Ukuhudu]

Hows going xaurum community?when xaur ico, i bought some Xaurs but i sold them.
today price is same

The price is moving like snail, it looks like maybe the dev are preventing huge swings but to me its a very bad idea also for all investors.