[ANN] Xaurum [XAUR]

[m1000]

Yes, I do understand "melting" process now, but this consist only of about 25% (roughly) of tokens value:

1 Xaurum = $0.20
 (for 1g of gold, today only 983)
>> $0.20 * 983 = 196 USD = 1g of gold

On international exchanges physical gold costs about
39-40 USD per gram of pure gold.

Why anybody could want to pay 196 USD for 1g of gold plus shipping cost
instead of simply buying on local gold dealer and paying
about 45 USD per gram of gold?

I assume that remaining 75% of Xaurum circulating value is somehow derived from
this mystical process called "Golden dividend" to all () Xaurum holders – but I could be totally wrong. Please, explain it to me.  Thank you.

p.s.
Please share a working slack invitation (old ones probably expired) . Thank you.

[nitja]

Yes, I do understand "melting" process now, but this consist only of about 25% (roughly) of tokens value:

1 Xaurum = $0.20
 (for 1g of gold, today only 983)
>> $0.20 * 983 = 196 USD = 1g of gold

On international exchanges physical gold costs about
39-40 USD per gram of pure gold.

Why anybody could want to pay 196 USD for 1g of gold plus shipping cost
instead of simply buying on local gold dealer and paying
about 45 USD per gram of gold?

I assume that remaining 75% of Xaurum circulating value is somehow derived from
this mystical process called "Golden dividend" to all () Xaurum holders – but I could be totally wrong. Please, explain it to me.  Thank you.

p.s.
Please share a working slack invitation (old ones probably expired) . Thank you.

One day Xaurums will be worth even more than 196 usd - with golden dividends. Please read the thread, written about hundred times on this topic. I would also like to ask you one q: why would somebody pay $2000 for 1 BTC backed by pure air if you can get it for free atm? But everybody's buying...

[greatlive]

Hello,

Here is active link to Xaurum Slack channel

https://join.slack.com/t/xaurum-team/shared_invite/MjEyOTcwMDc3OTM3LTE1MDAyMzAyNjgtNzFiMWFiODJkYw

BR!

[Puhi]

Hello.

I have read this sentence:
"This surplus quantity of gold is given to the community as Golden dividend increasing the quantity of all Xaurum"
on xaurumfoundation.com   and particularly I can't understand how "gold is given to the community"?

Could you be more specific who is "community" and how it is "given"?

If I hold 100 xaurum tokens - am I a community member?

Will I get this "given" gold somehow (e.g.) by mail?
Who will cover my gold shipping costs?

If actually I won't receive this my "given" gold  - but only increase / decrease my/community token supply - this is not actually giving something and certainly not gold.
 
Thank you for an explanations.

Hi.

Xaurum has growing gold quantity backing it. If you bought 100g of gold today, you will have 100g of gold after one year.
If you buy Xaurum for the same money, your quantity of gold will grow with time and will eventually surpass 100g of gold.
Remember, for Xaurum the gold value represents the liquidation price (lowest possible price), market price is higher.
As you can see, your lowest possible price is covered with gold and it grows with time.

When new mint happens, new gold is bought and new Xaurums are issued at production price.
Xaurum is backed by gold inside the range of 20%-30%. Because of this fact, 20%-30% of new gold is spent for backing newly issued Xaurums. The rest of the gold is put in the same stock and increases the quantity of all Xaurum.

Example:
We mint (buy) 10kg of gold, 2-3kg is used for newly issued Xaurum, the rest 7-8kg given to all issued Xaurums and increases the quantity if gold owned by every Xaurum.

[xardas1]

And when can we expect new mint?

[m1000]

I do not understand the incentives to buy "new mint"  with fiat money. Why should anybody want to do that if they will get only 25-30% of gold value? What is the advantages of  "new mint"  in comparison of buying gold directly at local gold dealer or buying Xaurum tokens on market? Thanks.

[hope-crypto]

And when can we expect new mint?

Probably after 1st August or when the price will rise... If the mint would happened now, price would go to like 0,27$ and production price would stay the same. Then market would push price again down to 0,20$... Or maybe they just don't have enough new money purchased by production price... Right now it would be stupid to buy Xaurum for production price, because you can get them so cheap on market...

[hope-crypto]

I do not understand the incentives to buy "new mint"  with fiat money. Why should anybody want to do that if they will get only 25-30% of gold value? What is the advantages of  "new mint"  in comparison of buying gold directly at local gold dealer or buying Xaurum tokens on market? Thanks.

Puhi explained it. Just read twice if you need. Right now is 0.00101683089 g of gold per Xaurum. That means when they create new Xaurums they give every new Xaurum 0.00101683089 g of gold and then the rest gold they give to all Xaurums equaly so all Xaurums are the same. That's called the golden dividends, because which each mint and higher production price, you also get not only price higher, but also more gold behind each Xaurum.

[gobbi]

And when can we expect new mint?

We don´t know when new mint will be made, I think it should happen soon, xaurum is also expending in other countries soon so again more gold behind all xaurums.

[Ukov]

# XaurumQA

I noticed a facebook post saying Xaurum team was visiting Estonia and Russia. It would be nice to get some feedback on how successful this attempt of broadening the Xaurum market was.

Thank you

[andone3]

Where is Martin?

[masstahcoiner]

Where is Martin?

where is chuck borris?

[hope-crypto]

LOL the real question is: where is Gamma ?

[xardas1]

The real problem is not the delay of gamma, but fact that all market is green today,
except xaurum and a few others. This should be a red light for dev crue.

Also such a bad responce time of a guy who is responsible for communicating with entire community is a
very unprofessional. Internet connection is nowadays available everywhere. And i also strongly believe that
Martin has a smart phone.

[hope-crypto]

The real problem is not the delay of gamma, but fact that all market is green today,
except xaurum and a few others. This should be a red light for dev crue.

Also such a bad responce time of a guy who is responsible for communicating with entire community is a
very unprofessional. Internet connection is nowadays available everywhere. And i also strongly believe that
Martin has a smart phone.

Yeah but when market was all 30% down, also ETH at 130$ Xaurum stayed at the same price almost... Today is Xaurum red because some people bought on hitBTC Xaurum at the price 1,6$. Same was yesterday at the price 1,3$... Volume was about 3000$... So I really don't wanna know who was trading Xaurums at that price... I mean the most ridiculous price pump I ever saw till now...

[Domenc]

The real problem is not the delay of gamma, but fact that all market is green today,
except xaurum and a few others. This should be a red light for dev crue.

Also such a bad responce time of a guy who is responsible for communicating with entire community is a
very unprofessional. Internet connection is nowadays available everywhere. And i also strongly believe that
Martin has a smart phone.

Martin will be available in next week or two I think. I know that devs are aware of that "issue" but believe me that there is more important things behind xaurum that are going on... communication between holders and devs is just cherry on cake. And I do believe that when Cherry will come, we will all be very happy and Xaurum will raise to where it should be already.

[Kastor]

01.06.2017 the price of xaurum was about 0.23... If 01.09.2017 will not be at least 0.32 something is very wrong. Because that means that the mint has not been for 2,5 months.
I apologize for bad English 😊

[hope-crypto]

The real problem is not the delay of gamma, but fact that all market is green today,
except xaurum and a few others. This should be a red light for dev crue.

Also such a bad responce time of a guy who is responsible for communicating with entire community is a
very unprofessional. Internet connection is nowadays available everywhere. And i also strongly believe that
Martin has a smart phone.

Martin will be available in next week or two I think. I know that devs are aware of that "issue" but believe me that there is more important things behind xaurum that are going on... communication between holders and devs is just cherry on cake. And I do believe that when Cherry will come, we will all be very happy and Xaurum will raise to where it should be already.

Can you tell us more if no one else do? I mean if you know and I suppose you are not in the team, why we shouldn't?

[kamenicar]

01.06.2017 the price of xaurum was about 0.23... If 01.09.2017 will not be at least 0.32 something is very wrong. Because that means that the mint has not been for 2,5 months.
I apologize for bad English

At this time it's not realistic to expect mint, because it is hard for the team to sell xaurum, because it is cheaper on the market. Be patient, things will change in august and in september there will be new mints and gold for everyone.

But on the other hand - you can buy xaurum now for 30% cheaper and when mints come and they will, you will proud of yourself for the good choice you've made.

[Domenc]

The real problem is not the delay of gamma, but fact that all market is green today,
except xaurum and a few others. This should be a red light for dev crue.

Also such a bad responce time of a guy who is responsible for communicating with entire community is a
very unprofessional. Internet connection is nowadays available everywhere. And i also strongly believe that
Martin has a smart phone.

Martin will be available in next week or two I think. I know that devs are aware of that "issue" but believe me that there is more important things behind xaurum that are going on... communication between holders and devs is just cherry on cake. And I do believe that when Cherry will come, we will all be very happy and Xaurum will raise to where it should be already.

Can you tell us more if no one else do? I mean if you know and I suppose you are not in the team, why we shouldn't?

No I am not in the dev team. I just hold and know xaurum concept for 2 years now. Like somebody already said, now is summer and it is normal that there is less mint's since people do not have focus on investing and earning money but they have sea, party etc. in their mainds. In the other hands everyone who understand main point of xaurum are now buying xaurum for 30% discount. I cannot give you any specific information regarding Xaurum since we need to wait for official announcement. But Like I said... time will come, and when it will come your only problem will be like: "why da hell didn't I buy more xaurums?"