Aurum Project (OP)
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February 28, 2018, 04:41:48 PM |
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... sic manet gloria mundi.
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hardnight
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February 28, 2018, 04:50:36 PM |
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I love that there is a cryptocurrency backed by an increasing gold base, which is why i invested in it. I've tried looking for a similar token or coin out there and the only thing i have found that is kind of close is DigixDAO(DGD). They don't even have a gold backed coin yet but if you look below its doing unbelievably well. https://coinmarketcap.com/currencies/digixdao/ The reason why it is doing so well is because of the exchanges its on and hype behind it. Eventually people will wise up and this coin will drop unless they can back up what they promising. Xaurum could do the same thing but i don't think that's the right option. I wouldn't know because i'm just a holder, but transactions fees look like there are going towards expanding the Xaurum footprint and brand which i support. I also like the fact that i can continue to invest at a decent rate while prices stay low for the time being. I'm not trying to sell this anytime soon which is what most people should do if they own this token. BTW i'm also a huge gold fan and i think that the price is only going up......so that's another reason why i invested DigixDAO don't have the gold behind? I searched a little about DGD and on their FAQ it is stated that Bureau Veritas is their auditor, but I cannot find some real audit documents like at Xaurum. Let's say I believe them, that they have the gold behind the coin and they claim there is 1g per DGD. Circulating supply of DGD is 2,000,000 DGD, according to CoinMarketCap. If we take that 1g of gold is worth $42, their backing is worth $80M. And their MarketCap is $1,094B. That is 1300% overpriced How did they managed to do such hype??? I like Xaurum because of their transparency, how undervalued it is and how cheap I can get them right now
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Kovanec
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February 28, 2018, 06:55:48 PM |
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If you compare digix dao to xaurum. Digix dao says their coin is tied to 1g of gold. Let us say the retail price of gold is 50$. Why would you pay 565$ for one gram of gold. That is 11× overpriced. I have never seen somebody paying 11$ for tether. Xaurum is not tied to gold but it has growing gold base. So xaurum is overpriced 0.4× based only on gold reserves without calculating the whole technology, infrastructure, future development...
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Andeas
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February 28, 2018, 07:41:06 PM |
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One does not have to be a genius to see what is one of the major problems Xaurum has compared to DGD. Binance DGD/BTC $86,772,400 $574.22 68.22% HitBTC DGD/BTC $151,400 $575.45 0.12%
Xaurum team is making progress but for too long community was not heard and sometimes in life and also in business it can be too late to fix things. Tokens need to have good product/service/solution, good exchanges/markets and positive community. Maybe Xaurum made too many people too rich too fast and the real focus and community were lost. All the hype and love is now long gone and also Bittrex delisting f****d Xaurum massively. Time will tell but 36,000 USD daily volume will not raise the price. Production price can take months or even years to reach. But yeah I forgot, it's not about the price, we will live off intrinsic value.
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anderson888
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February 28, 2018, 09:51:09 PM |
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can't find the wallet for that coin?
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Manson69
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February 28, 2018, 10:39:04 PM |
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November 2016 price xaurum 0.10$ bitcoin 700 $ March 2018 price xaurum 0.10$ bitcoin 10700 $
November 2016 price digixDAO 10 $ March 2018 price digixDAO 550 $
August 2017 price suncontract 0.021 $ March 2018 price suncontract 0.21 $ . . .
But when the tupperware machine starts up
,,On the basis of a modest set of variables, Xaurum will gather more than 5 tons of gold in just three years, representing more than a 4000% increase of gold reserves. Pessimistic projections according to the current events on the market, show that with this amount of gold the price of Xaurum on the market could exceed 15 USD, which also means at least an 5000% increase. In 5 years Xaurum will accumulate more than 13 tons of gold and more than 200.000 users just via direct sales until 2022,,
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ceca
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March 01, 2018, 07:50:00 AM |
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,,On the basis of a modest set of variables, Xaurum will gather more than 5 tons of gold in just three years, representing more than a 4000% increase of gold reserves. Pessimistic projections according to the current events on the market, show that with this amount of gold the price of Xaurum on the market could exceed 15 USD, which also means at least an 5000% increase. In 5 years Xaurum will accumulate more than 13 tons of gold and more than 200.000 users just via direct sales until 2022,, [/quote]
Iam a little bit skeptical about your growth forecast.. It is a huge growth.. not sure how you will do that. Wish all the best also because iam an investor but this forecast seems a little bit exaggerated.
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kamenicar
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March 01, 2018, 09:02:00 AM |
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I have a question and i hope someone can explain this: I see that there is a flat fee for withdrawing xaurum on HitBTC - 167 xaur. Isn't that a bit to much? anyone knows why?
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gobbi
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March 01, 2018, 09:39:53 AM |
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I have a question and i hope someone can explain this: I see that there is a flat fee for withdrawing xaurum on HitBTC - 167 xaur. Isn't that a bit to much? anyone knows why?
You are right, I bought around 1500 xaurumus and hitbtc took 167 xaur, i thouth it was a mistake, they are too greedy!!Hope xaurum will be aded to better exchanges soon.I don´t want to give 167 xaurums to exchange.
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0-kelvin
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March 01, 2018, 10:23:59 AM |
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I have a question and i hope someone can explain this: I see that there is a flat fee for withdrawing xaurum on HitBTC - 167 xaur. Isn't that a bit to much? anyone knows why?
You are right, I bought around 1500 xaurumus and hitbtc took 167 xaur, i thouth it was a mistake, they are too greedy!!Hope xaurum will be aded to better exchanges soon.I don´t want to give 167 xaurums to exchange. They took only the value ...
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cst1984
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March 01, 2018, 12:19:21 PM |
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BTW love that the team has being active through social media. Would love to see a telegram chat since there doesn't look to be one
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anderson888
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March 01, 2018, 04:36:45 PM |
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I have a question and i hope someone can explain this: I see that there is a flat fee for withdrawing xaurum on HitBTC - 167 xaur. Isn't that a bit to much? anyone knows why?
You are right, I bought around 1500 xaurumus and hitbtc took 167 xaur, i thouth it was a mistake, they are too greedy!!Hope xaurum will be aded to better exchanges soon.I don´t want to give 167 xaurums to exchange. They took only the value ... can be on livecoin.net there Commission: 50 XAAR
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Herp-a-derp
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March 01, 2018, 05:06:28 PM |
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In my opinion, the creation of a crypto currency provided by physical assets creates the risk that governments will take these assets under control and will do their dirty business as with fiat. Although wait, it seems gold and so under control
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XaurumQA
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March 01, 2018, 05:10:05 PM |
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can't find the wallet for that coin? Xaurum is an ERC20 token. You can use: https://www.myetherwallet.com/ ,,On the basis of a modest set of variables, Xaurum will gather more than 5 tons of gold in just three years, representing more than a 4000% increase of gold reserves. Pessimistic projections according to the current events on the market, show that with this amount of gold the price of Xaurum on the market could exceed 15 USD, which also means at least an 5000% increase. In 5 years Xaurum will accumulate more than 13 tons of gold and more than 200.000 users just via direct sales until 2022,,
Iam a little bit skeptical about your growth forecast.. It is a huge growth.. not sure how you will do that. Wish all the best also because iam an investor but this forecast seems a little bit exaggerated.
Growth projection is derived from Slovenian business results in 2017 and includes only direct sales. You can see detailed document here: https://xaurum.org/Growth%20Projection.pdf
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eXtAtUtoR
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March 01, 2018, 05:26:06 PM Last edit: March 01, 2018, 07:12:34 PM by eXtAtUtoR |
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One does not have to be a genius to see what is one of the major problems Xaurum has compared to DGD. Binance DGD/BTC $86,772,400 $574.22 68.22% HitBTC DGD/BTC $151,400 $575.45 0.12%
Xaurum team is making progress but for too long community was not heard and sometimes in life and also in business it can be too late to fix things. Tokens need to have good product/service/solution, good exchanges/markets and positive community. Maybe Xaurum made too many people too rich too fast and the real focus and community were lost. All the hype and love is now long gone and also Bittrex delisting f****d Xaurum massively. Time will tell but 36,000 USD daily volume will not raise the price. Production price can take months or even years to reach. But yeah I forgot, it's not about the price, we will live off intrinsic value.
Bittrex delisting was a loss. It was bad luck that Bittrex is located in US. When delisting happened, Xaurum had $1,600,000 daily trading volume. Why is that token adoption is based on what exchange it is listed on and not about what their purpose is all about? This is what makes exchanges in superior position and make unreasonable offers for their listings. On top of that, they are the only ones who make money with trading. And withdrawal fees...
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tori1973
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March 01, 2018, 11:57:41 PM |
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Hello
I noticed some things on a xaurum so i have some questions for the team.
The adress of the auresco institute is Triglavska cesta 43, 4260 Bled. Why is on a audit documents old adress ,Spodnje Gameljne 29D, which was changed in November 2016? Audit documents should be the sign of transparency. With this mistake this audit documents lose all transparency. I doubt that such company like loomis, which store tons of gold, made mistake like this.
I am curious if there is an document about who have acces to the gold? I think this would be very important to know in the case of transfering to other location.
I think there is not fair when some pepople had buy xaurums via masternode from production price, and another day pepople can get xaurum for market price. This is very wrong.. or people who buy xaurum trough montly payment and get xaurum for production price? So masternode buy xaur for 10-20 cents on the market all the time and then sell them for 31c.. where is money for this difference in price? For sure there was no (not a lot) new gold bought for a long time.
I also noticed there is about 1170 wallets of total 4150 which contain 100xaur (about 11.70$) and less? Dont know why should some people have wallet for 100xaur? what is purpose of this wallets?
Thank you for your answer
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ceca
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March 02, 2018, 07:26:46 AM |
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can't find the wallet for that coin? Xaurum is an ERC20 token. You can use: https://www.myetherwallet.com/ ,,On the basis of a modest set of variables, Xaurum will gather more than 5 tons of gold in just three years, representing more than a 4000% increase of gold reserves. Pessimistic projections according to the current events on the market, show that with this amount of gold the price of Xaurum on the market could exceed 15 USD, which also means at least an 5000% increase. In 5 years Xaurum will accumulate more than 13 tons of gold and more than 200.000 users just via direct sales until 2022,,
Iam a little bit skeptical about your growth forecast.. It is a huge growth.. not sure how you will do that. Wish all the best also because iam an investor but this forecast seems a little bit exaggerated.
Growth projection is derived from Slovenian business results in 2017 and includes only direct sales. You can see detailed document here: https://xaurum.org/Growth%20Projection.pdfStill this projection is made of some ideas, if we look at the current xaurum situation team will not be able to gather more than 10 kg of gold in 2018, no new gold aded, low volume.Still optimistic regarding your projection?
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XaurumQA
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March 02, 2018, 04:29:28 PM Last edit: March 02, 2018, 06:07:18 PM by XaurumQA |
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Hello
I noticed some things on a xaurum so i have some questions for the team.
The adress of the auresco institute is Triglavska cesta 43, 4260 Bled. Why is on a audit documents old adress ,Spodnje Gameljne 29D, which was changed in November 2016? Audit documents should be the sign of transparency. With this mistake this audit documents lose all transparency. I doubt that such company like loomis, which store tons of gold, made mistake like this.
I am curious if there is an document about who have acces to the gold? I think this would be very important to know in the case of transfering to other location.
Hello Loomis was informed about the address change on November 2016. It seems that they did not change it on Audit documents. Thank you for pointing that out. We will contact Loomis on this matter. Only Auresco Institute has access to the gold. can't find the wallet for that coin? Xaurum is an ERC20 token. You can use: https://www.myetherwallet.com/ ,,On the basis of a modest set of variables, Xaurum will gather more than 5 tons of gold in just three years, representing more than a 4000% increase of gold reserves. Pessimistic projections according to the current events on the market, show that with this amount of gold the price of Xaurum on the market could exceed 15 USD, which also means at least an 5000% increase. In 5 years Xaurum will accumulate more than 13 tons of gold and more than 200.000 users just via direct sales until 2022,,
Iam a little bit skeptical about your growth forecast.. It is a huge growth.. not sure how you will do that. Wish all the best also because iam an investor but this forecast seems a little bit exaggerated.
Growth projection is derived from Slovenian business results in 2017 and includes only direct sales. You can see detailed document here: https://xaurum.org/Growth%20Projection.pdfStill this projection is made of some ideas, if we look at the current xaurum situation team will not be able to gather more than 10 kg of gold in 2018, no new gold aded, low volume.Still optimistic regarding your projection? In 2017 Xaurum minted 83kg of gold only on Slovenian market with 1500 investors participating. Now Xaurum project acquired infrastructure, international business partners, team expansion, media coverage... We didn't have any of this in 2017. We are very optimistic for achieving our goals.
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Manson69
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March 02, 2018, 09:37:38 PM |
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When new exchanges come Huobi, OKEx, Kucoin, Binance?? or waiting EU exchange Dynamic Trading Rights?
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pushups44
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March 03, 2018, 11:02:40 AM |
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I have a question and i hope someone can explain this: I see that there is a flat fee for withdrawing xaurum on HitBTC - 167 xaur. Isn't that a bit to much? anyone knows why?
You are right, I bought around 1500 xaurumus and hitbtc took 167 xaur, i thouth it was a mistake, they are too greedy!!Hope xaurum will be aded to better exchanges soon.I don´t want to give 167 xaurums to exchange. They took only the value ... can be on livecoin.net there Commission: 50 XAAR Even 50 on Livecoin is high. I'm sure better options will arise over time. This looks like a promising token, and I have no idea why the fees for XAUR are so high while for other tokens and cryptocurrencies they are low.
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