[ANN] Xaurum | Exchangable for Gold | 97,348.9G - 999.9 LBMA | Since 2015 [XAUR]

[zrjawkn]

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

[kaicrypzen]

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

No worries really. And not looking for (empty/false) promises. Just a couple of questions that remained unanswered, I don't mind if the answer is "we don't know", it's better than nothing and shows that they care about what people say on this thread.

[zrjawkn]

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

No worries really. And not looking for (empty/false) promises. Just a couple of question that remained unanswered, I don't mind if the answer is "we don't know", it's better than nothing and shows that they care about what people say on this thread.

Your questions are? Maybe I can give you an answer.

[kaicrypzen]

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

No worries really. And not looking for (empty/false) promises. Just a couple of questions that remained unanswered, I don't mind if the answer is "we don't know", it's better than nothing and shows that they care about what people say on this thread.

Your questions are? Maybe I can give you an answer.

Here they are:

https://bitcointalk.org/index.php?topic=3110765.msg38279809#msg38279809:

Back in the early days, there were discussions about reopening the Goldmine (mining cryptocurrencies other than Xaurum and exchanging them for Xaurum). Is there any update on that? Thank you.

https://bitcointalk.org/index.php?topic=3110765.msg43713245#msg43713245:

There are multiple milestones in the roadmap that are upcoming in 2018. Is it possible to have more info about their progress? Thank you.

Thank you.

[goldbacked]

Hi. I just discovered Xaurum. I am kind of confused with this and I have even read the white paper twice now. How much gold is backing each token? I do not quite understand the melting concept either. Thanks!

[0-kelvin]

When will be a MINT or we can expect some new "BIG MELT" ?

[kutyboss]

THIS PROJECT IS NOTHING BUT PURE SCAM,EVEN WORST THAN BITCONNECT EVEN THEY HAD MORE PROMISES AND FOR SOME PEOPLE IT PAID OFF HAHA. THIS IS SHIT PROJECT.

[estenity]

THIS PROJECT IS NOTHING BUT PURE SCAM,EVEN WORST THAN BITCONNECT EVEN THEY HAD MORE PROMISES AND FOR SOME PEOPLE IT PAID OFF HAHA. THIS IS SHIT PROJECT.

while the concurrent kinesis.money seems to make good progress..

[kamenicar]

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

I would like to place a bet. I bet 1.000 xaurums that in 365 days from now xaurum will be worth less then 100 sats.

Whay just 1000. Because in 2023 that will be worth 15.000$ according to roadmap.

[broadhurst]

To connect the gold exchange base and blockchain you need to have a large amount of gold, right? Where do these reserves come from? Is it legal?

Hello Xuarum bagholders.. say goodbye to your dreams, this scam is officially dead.

[zrjawkn]

To connect the gold exchange base and blockchain you need to have a large amount of gold, right? Where do these reserves come from? Is it legal?

Hello Xuarum bagholders.. say goodbye to your dreams, this scam is officially dead.

Why? What are you talking about. Maybe  you don' t want to see or you just want to spam here. In few day Xaurum 3.0 will be delivered. Xaurum grows 20% in last month.

[sandll]

To connect the gold exchange base and blockchain you need to have a large amount of gold, right? Where do these reserves come from? Is it legal?

Hello Xuarum bagholders.. say goodbye to your dreams, this scam is officially dead.

Why? What are you talking about. Maybe  you don' t want to see or you just want to spam here. In few day Xaurum 3.0 will be delivered. Xaurum grows 20% in last month.

What did you mean with "few days"? Oh my oh my...

[hardnight]

Crypto market bleeds, but XAUR stays green and stable. Why? Because it is backed by gold, now in ratio 1:1. This is the time when a stable coin shows why it was made!

[TamDen]

Xaurum is stable this days.
Now is no risk to buy Xaurum.

[CryptoSupporter777]

XAURUM MELT MECHANISM WORKS PERFECTLY

Since the beginning of Xaurum project, there are questions about whether xaurum can simply be exchanged for physical gold. Community members know that the process is simple and anyone who wants to take advantage of this option can do it any time for any number of xaurum. The exchange mechanism is commonly known as Melt.

https://cdn-images-1.medium.com/max/600/1*eM376wiC3N8zuHckeVsizQ.jpeg

Melting exchanges Xaurum for gold according to the gold backing ratio at the time of melting. The holder, who wishes to melt his xaurum in gold, completes the form on our website. According to the ratio that is valid at the time, he “melts” his xaurum, and receives the gold to his home. Historically proven, the ratio always increases in favour of the amount of gold. A year and a half ago for one gram of gold 2000 XAUR had to be melted and today less than 1000 are required. Gold backing is the guaranteed amount of gold that the holder receives, regardless of the market.

Melt is especially useful when the price on the market is lower than the value of gold behind each xaurum, which is current reality. Individual holders in that way gain more value with melt than with their sales on the market.

Yesterdays melt, which has noticeably changed the numbers, proves also to the most eager skeptics that the mechanism works perfectly. This time 11.756.237,69 XAUR has been exchanged for 11.962,00 g (11,962 kg) of physical LMBA certified, good delivery gold of the highest 999,9 quality.

The ratio between the amount of gold and the issued XAUR remains unchanged, therefore the amount of gold behind each xaurum stays the same.
https://medium.com/@xaurumofficial/xaurum-melt-mechanism-works-perfectly-8eed4f78752d

Questions:

#1: where is the actual PHYSICAL gold, that backs the XAUR that are in existence, stored?
#2: is there an audited real-time way to verify that the amount of gold is actually there? (similar to or better to how https://bullionvault.com does it)?
#3: exactly what is the ratio for minting NEW tokens of XAUR? in other words, what is the BASE EXCHANGE RATE of how much gold 1 XAUR token represents?
#4: is there a way to know/see, in real time or near real time, the exact amount of gold that backs each XAUR token?
#5: can all XAUR tokens be withdrawn at one time? in other words, is there any fractional method employed?
#6: is there any demurrage? if not then HOW are storage and insurance fees paid for?

IMHO, as a suggestion, it would be extremely good to have answers to such basic questions made to be very prominently obvious and accessible via your website - - - I reviewed your documentation and website and this information is not at all clear.

awaiting answers - - - thanks!

[zenaj]

You could look at and read the website: www.xaurum.org.

1. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs.

2. Loomis issues daily reports. The old web sites had a link to them. If you want to see them, ask the Auresco Institute. You'll probably get them easily. There is also an official report PricewaterhouseCoopers d.o.o.

3. Currently is 1000 XAUR = 1.01766991 g of gold. The gap is constantly changing. The ratio can not be lower, it can only be higher. Read the white paper.

4. You can track the amount of gold and the number of coins in real-time on the website. You can do control at etherscan.io.

5. There is no reason that you will not be able to withdraw all your tokens. You can sell them on the stock market. You can pick up gold. In this case, the coins are destroyed. Therefore, the ratio of gold to coins remains the same. XAUR is not a classic currency crypt. XAUR is a kind of certificate of ownership of a physical gold that uses a block chain. XAUR can not be mined. If you want made XAUR, you must buy gold. That's why gold does not run out.

6. I am not part of the company, but it is logical for me that part of the money collected is for expenses. The bulk of it is for the purchase of gold.

[CryptoSupporter777]

You could look at and read the website: www.xaurum.org.

1. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs.

2. Loomis issues daily reports. The old web sites had a link to them. If you want to see them, ask the Auresco Institute. You'll probably get them easily. There is also an official report PricewaterhouseCoopers d.o.o.

3. Currently is 1000 XAUR = 1.01766991 g of gold. The gap is constantly changing. The ratio can not be lower, it can only be higher. Read the white paper.

4. You can track the amount of gold and the number of coins in real-time on the website. You can do control at etherscan.io.

5. There is no reason that you will not be able to withdraw all your tokens. You can sell them on the stock market. You can pick up gold. In this case, the coins are destroyed. Therefore, the ratio of gold to coins remains the same. XAUR is not a classic currency crypt. XAUR is a kind of certificate of ownership of a physical gold that uses a block chain. XAUR can not be mined. If you want made XAUR, you must buy gold. That's why gold does not run out.

6. I am not part of the company, but it is logical for me that part of the money collected is for expenses. The bulk of it is for the purchase of gold.

thanks for the answer - now I do see some of this info on bottom of the website


#3 is not clear - you say that ratio is 1000 XAUR = 1.01766991 g of gold - but I recall reading somewhere that it used to be 2000 XAUR to redeem 1 gram of gold - - - how many XAUR is minted for one gram of gold? is this a fixed ratio?

[zenaj]

About two years ago it was really necessary to give 2000 XAUR for 1g of gold. The ratio changes in favor of XAUR due to rules written in white paper. The ratio to the XAUR will never be lower than it is now, it can only be higher. That's why it pays to keep XAUR. You know exactly how much gold is actually worth. And the ratio of the coin is increasing due to rules written in white paper.
The relationship is changed every time a trensaction is performed in the XAUR. With each transaction 0.5 XAUR is destroyed, while the amount of gold remains the same. The relationship also changes if new gold is purchased and the new XAUR is issued in accordance with rules written in white paper.
If anyone wants to replace XAUR for gold, gold is handed over to the owner. Gold is withdrawn from stock, and XAUR is destroyed. In this case, the ratio remains the same.

[broadhurst]

About two years ago it was really necessary to give 2000 XAUR for 1g of gold. The ratio changes in favor of XAUR due to rules written in white paper. The ratio to the XAUR will never be lower than it is now, it can only be higher. That's why it pays to keep XAUR. You know exactly how much gold is actually worth. And the ratio of the coin is increasing due to rules written in white paper.
The relationship is changed every time a trensaction is performed in the XAUR. With each transaction 0.5 XAUR is destroyed, while the amount of gold remains the same. The relationship also changes if new gold is purchased and the new XAUR is issued in accordance with rules written in white paper.
If anyone wants to replace XAUR for gold, gold is handed over to the owner. Gold is withdrawn from stock, and XAUR is destroyed. In this case, the ratio remains the same.

This is one of those 99% of ICO's that were solely created  to enrich its creators and will continue to exist only because of the hope of it's bagholders that it will increase in value and allow them to get some of their money back - however we know that it is not going to happen as the millions raised have already been divided between it's creators and spent on big houses and luxury cars.

[gobbi]

This is one of those 99% of ICO's that were solely created  to enrich its creators and will continue to exist only because of the hope of it's bagholders that it will increase in value and allow them to get some of their money back - however we know that it is not going to happen as the millions raised have already been divided between it's creators and spent on big houses and luxury cars.
[/quote]

you know tha you don’t know what are you talking about??If you understand xaurum you wouldn’t write those things.Xaurum is probably the only crypto with real value,its value is gold!Xaurum can be any time melted for gold,or exchanged for fiat.It is a grrat project just eith some big mistakes ifrom the past,with nee team tjlhey eill have to set new goals for 2019 and introduce new xaurum to investors.