Uro First Ever Cryptocurrency Backed by 1 Million Tonnes of a Valuable Commodity

[true-asset]

Official Uro Announcement

After over 6 months of deliberation and international negotiations, the industry members of the Uro Foundation have agreed to set the value of Uro at 1 metric tonne of Urea. The method of setting this reference value will be via the Uro Protocol.

Uro Protocol

The Uro Protocol is a document that will be signed by all Global NIERs and NIERs, which will bind their agreement to trade Uro for Urea in their represented regions. The document will be published this Friday (06/06/2014) at 4PM AEST / 2PM HKT / 0500 UTC. The Uro Protocol will set out a clear set of procedures for the exchange of Uro for Urea, provide unprecedented transparency and efficiency to the global Urea trade.

Ratification

The Uro Protocol is due for ratification by all Uro Foundation board members on Monday (09/06/2014) at 4PM AEST / 2PM HKT / 0500 UTC.

Introducing the Uro Foundation

The Uro Foundation will oversee the long term development, growth and maintenance of Uro. Applications from the community are welcome - please post on this thread how you want to contribute and why. We will fluidly create positions as the needs of the Uro ecosystem evolves. Positions can be held by organisations or individuals.

Current Official Board Members

Global NIER: Green Earth Systems
India NIER: Urea Trading India
China NIER: Crown Team Corporation
South Africa NIER: CCL Pillay Group

Current Open Positions

• National Import/Export Representative (NIER): Positions are open to national Urea trading firms in each country (which have not yet been represented).
• National Production Representative (NPR): Positions are open to Urea producers in each country (which have not yet been represented).
• National Farmers Representative (NFR): Positions are open to farmer(s) to represent the Urea interests of their nation (which have not yet been represented).
• President Global Marketing
• VP Global Marketing
• President Global Public Relations
• VP President Global Public Relations
• President Social Media Operations
• VP Social Media Operations
• Uro Core Developer: Multiple positions open for development and maintenance of the Uro core network P2P software.
• Uro Web Developer: Multiple positions open for the development and maintenance of Uro related web assets.

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[auy]

Hi



Dev



You are a hard worker, your team for this coin is a lot of work to do, thank you.

[n3lz0n]

Urea hmmm

[Mylo]

Why do homeboy miners need Urea in first place? Yes, I'm talking about you.

[auy]

the value of Uro at 1 metric tonne of Urea ？？？


I don't know what this means? Can explain?

[Ezravdb]

Cool idea, as I am active in the bio-industry

Would be cool to see some proof of this

[foxkyu]

the value of Uro at 1 metric tonne of Urea ？？？


I don't know what this means? Can explain?

i have a same question to about it

[platorin]

Seriously? How is it backed by anything?

[true-asset]

UPDATE: Website is now up, you can also follow us on twitter.

[true-asset]

Seriously? How is it backed by anything?

The Uro Foundation member companies are providing the Urea (millions of metric tonnes) to trade against Uro. The way this is will be done is laid out in the Uro Protocol to be released this Friday and ratified on Monday.

[true-asset]

the value of Uro at 1 metric tonne of Urea ？？？


I don't know what this means? Can explain?

i have a same question to about it

It means we are setting the reference value of Uro at 1 Uro = 1 MT Urea. The reference value will be maintained by allowing purchase of Urea with Uro in that ratio.

[true-asset]

Cool idea, as I am active in the bio-industry

Would be cool to see some proof of this

Look for publication of the Uro Protocol this Friday and the ratification of the protocol by the board members next Monday.

[true-asset]

Why do homeboy miners need Urea in first place? Yes, I'm talking about you.

Everybody needs Urea because its whats keeping you fed. besides, a Urea has real value on the international market as a commodity.

[true-asset]

CoinDesk has published an article about Uro: http://www.coindesk.com/things-alt-dogecoin-wedding-ire-isracoin-crypto-commodities-go-wild/

See the section: "Unique asset backs new altcoin Uro"