What you don't understand is that Nadir and Loomis don't care, Loomis doesn't care if the "gold" they hold is fake, they just have the obligation of keeping it safe and keeping documents that say a certain amount of gold (with no guarantee of authenticity) is available and stored. As for Nadir, the refinery is based in Istanbul, Turkey
, (sarcasm) as we all know it is 100% incredibly easy (not) to sue over two different jurisdictions (sarcasm)
, let alone different countries. Since Xaurum/Auresco is based in Ljubljana, Slovenia in Europe and Nadir and Loomis are based separately in the middle east, specifically in Turkey (yes the gold is stored in Turkey, moment of silence please) it is almost impossible to sue from such far away. We are talking about suing from the middle east to central Europe, which would cost hundreds of thousands if not millions of dollars in legal fees from lawyers that can translate both laws of the different countries and international jurisdiction codes (not really in the best interest of both companies). But anyways, if you still trust this project so much put in all your life savings into it, and message me your bank statement screenshot. I am not bashing this project, I am simply stating some of the issues which must be fixed, I personally hold 1,000 Xaur (small), but by pointing out severe issues we can make this project better together, I believe it can really get to the top 20 currencies if the following is fixed.
1. Show some leadership around here, actual faces, there are tons of coins out there with faces (at least) of the development team, here we have nobody to really put our trust in other than "Auresco" which consists of a simple one page website with no faces of anyone nor names.
2. Better marketing, posts in social media shouldn't be have tons of punctuation that shouldn't be there stop with the "!!!", also better grammar.
3. Old social media accounts, it is obvious the "Xaurum team" has lost the password to these accounts, for example
http://aurescoinstitute.tumblr.com/ which is filled with outdated nonsense. Also there should only be 1 social media account for every platform, there is 2 on twitter for Xaurum, one filled with nonsense in Latin, a dead language.
4. Dead links or irrelevant pages on Xaurum.org, go through your site, it only takes a second to fix!
5. Explain to us why is there a Xaurum office
https://pbs.twimg.com/media/C8AlIgzX0AA_wxO.jpg:large , when there is no document made with basic accounting principles stating the cost of this office nor a document stating the cost of the employees running the office. If they are simply Auresco Insitute volunteers, state why they would volunteer or what their interests are.
6. It doesn't make sense that the "Auresco Institute" is a nonprofit organization when its main objective is to raise the value of Xaurum and raise the quantity of gold in the Commonwealth, this indicates a for profit venture.
7. Mint images look like they were typed in a basic notepad software and screenshotted, no better ideas?
8. Why is there no images of the gold? Why do you need to put a google image on the XaurumOfficial twitter page when you can simply snap a photo of the physical gold you already have, is there a specific reason for this?
9. Explain what the Xaurum Goldmine means (nobody really knows they all just answer what they speculate) and explain why you have removed it from the Xaurum.org page, do you want to hide this?
10. I could go on forever really, but I'm getting ready to go to work right now. I urge the leadership to fix some of these problems, I don't even ask for everything to be fixed, but I assure you every problem you fix will in the long run each be worth 1 million extra in market cap.
I agree with everything. One would assume there is a team working on the marketing that includes mostly not so educated people who have this for a side-kick to earn extra money. But I still keep this project under radar.
