[ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer

[coinpirate]

So, are the devs trust worthy, or is them a very sophisticated scam?

It doesn't seem to be a scam.  Just a risky investment as is the case with all altcoins...

After reading every page of this thread, as well as everything else I could find online, as well as reading several IRC chats between the dev and some knowledgeable skeptics I have come to the conclusion that the dev is trustworthy, sincere, brilliant and absolutely NOT scamming us. In other words, this isn't some grand conspiracy to make everyone invest in URO so that the dev can sell his coins on July 8th and leave us holding the bag.

I am now convinced of that 99.99%

The dev came up with a brilliant concept, got a some legitimate big time players in the UREA industry to sign on and now together they are going to try to change the world of crypto for good.

The question is will they be able to?

That question I cannot answer. But for me that is now the only question before us.

Is this a risky investment? Yes.

Will you lose your money if you buy URO? Possibly.

Will you be rich next week if you buy a ton of URO right now? Possibly.

Are we being scammed by the dev? I am convinced beyond a reasonable doubt that the answer to this question is no we are not.

Again, that's not to say that URO will go as planned, because at this point anything can happen....but that IS to say the dev and the signatories to the URO protocol are sure as hell going to try.

I also now am convinced that the price of URO will skyrocket as the 9th approaches as people realize that the dev really is not scamming anyone and this actually might go as planned.

So I say hold your coins and let's all be excited that we are very possibly taking part in an experiement that could very well turn out to be the biggest thing to happen to crypto since bitcoin itself!

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You don't think agreements can't be revised months or years down the road? What do you think renegotiating a contract means?

Of course they can change it if everyone later agrees to change.  It's just not worth discussing right now because it will only cause confusion.  It's more important to rebuild the momentum lost when Mintpal listed it just to screw with everyone.  The price was rising very well on it's own before that but Mintpal do like to screw people and this way they screwed URO and VOOT.

Mintpal is just a terrible exchange anymore, it's bot infested, the order book needs to show more to give an honest market valuation of a coin, I also think the owners manipulate things on the backend for their own benefit. Personally I hope Bittrex takes over because it is proving itself to be a solid and less toy-like exchange.

I think the reason there is no volume on URO on Mint is the day traders with their bots are finding themselves unable to exploit a coin that is scarce and that for the most part no one wants to dump. Some people find this lack of volume worrying but I think it's encouraging. I'd be fine with URO going sideways until the 9th.

Your statement is not correct.  Unless Mintpal has released their API version 2 to the public you can't trade with bots.  API version 1 only gives you information.  They only thing that mintpal did to hurt Uro is release it to the market on a Sunday, which is typically a down day for any coin. 

[jmm8899]

You don't think agreements can't be revised months or years down the road? What do you think renegotiating a contract means?

Of course they can change it if everyone later agrees to change.  It's just not worth discussing right now because it will only cause confusion.  It's more important to rebuild the momentum lost when Mintpal listed it just to screw with everyone.  The price was rising very well on it's own before that but Mintpal do like to screw people and this way they screwed URO and VOOT.

Mintpal is just a terrible exchange anymore, it's bot infested, the order book needs to show more to give an honest market valuation of a coin, I also think the owners manipulate things on the backend for their own benefit. Personally I hope Bittrex takes over because it is proving itself to be a solid and less toy-like exchange.

I think the reason there is no volume on URO on Mint is the day traders with their bots are finding themselves unable to exploit a coin that is scarce and that for the most part no one wants to dump. Some people find this lack of volume worrying but I think it's encouraging. I'd be fine with URO going sideways until the 9th.

Your statement is not correct.  Unless Mintpal has released their API version 2 to the public you can't trade with bots.  API version 1 only gives you information.  They only thing that mintpal did to hurt Uro is release it to the market on a Sunday, which is typically a down day for any coin. 

Terrible robot transaction

 

[fiftyseven]

I have been keeping an eye on this coin for the last week after hearing about it in the polo trollbox and kind of wish I had got in much earlier. If this isn't a scam then it could be the start of something amazing.
I wish I understood why some coins pump when added to mintpal while others dump instead. Not complaining though, since I missed the original boat and was thinking I would have to buy in at 800k+.

From what I understand on July 9th 1 URO should be able to be exchanged with 1 MT Urea. However since shipments only occur in 12500 MT how soon after July 9th will 1 URO = 1 MT Urea be verified by an independent party? Additionally is there a need for the URO community here to reach out to urea wholesale suppliers and market the URO as a more stable way of guaranteeing future supplies? I figure the sooner this is done the sooner the price of the URO will reflect the value of 1 MT Urea.

Some members of the community have pooled their URO to test the hypothesis through an existing importer. Hopefully they'll let us know the outcome in the coming weeks. See https://twitter.com/CryptoCourtney/status/483361952744628224 as an example.

[jasemoney]

its never good enough.  you guys should be excited to be on mintpal.. they are a very high volume exchange and we got selected for instant add instead of what could take weeks/months of voting.  and the instant add happened with like 300BTC volume on bittrex.  normally Mint will pick a coin trading on bittrex and polo over 1000 BTC volume.  it seems normally coins dump on Mintpal because by the time Mint picks them up the innovation driving the hype has been implemented and people sell the news.  our drop from 700k to 500k happened before the mintpal announcement so they are not to blame.  i would say the pump/pricecorrection towards 1 MT urea price will start soon!

[whymine]

Someone really doing it. Perhaps that why price are been manipulated. It is getting exciting everyday.

I have been keeping an eye on this coin for the last week after hearing about it in the polo trollbox and kind of wish I had got in much earlier. If this isn't a scam then it could be the start of something amazing.
I wish I understood why some coins pump when added to mintpal while others dump instead. Not complaining though, since I missed the original boat and was thinking I would have to buy in at 800k+.

From what I understand on July 9th 1 URO should be able to be exchanged with 1 MT Urea. However since shipments only occur in 12500 MT how soon after July 9th will 1 URO = 1 MT Urea be verified by an independent party? Additionally is there a need for the URO community here to reach out to urea wholesale suppliers and market the URO as a more stable way of guaranteeing future supplies? I figure the sooner this is done the sooner the price of the URO will reflect the value of 1 MT Urea.

Some members of the community have pooled their URO to test the hypothesis through an existing importer. Hopefully they'll let us know the outcome in the coming weeks. See https://twitter.com/CryptoCourtney/status/483361952744628224 as an example.

[noucome008]

just wait for it , it will jump to 300$ instantly

[degel_x]

Personally a own uro and voot before of all this shit mintpal happens, both have a lot of potentiall

[true-asset]

Thank you all for the influx of PMs regarding faucets, artwork, social media, promotion, etc...

Give us a couple of days to plan things out a bit, then we will put up polls and bounties.

[kuchini]

its never good enough.  you guys should be excited to be on mintpal.. they are a very high volume exchange and we got selected for instant add instead of what could take weeks/months of voting.  and the instant add happened with like 300BTC volume on bittrex.  normally Mint will pick a coin trading on bittrex and polo over 1000 BTC volume.  it seems normally coins dump on Mintpal because by the time Mint picks them up the innovation driving the hype has been implemented and people sell the news.  our drop from 700k to 500k happened before the mintpal announcement so they are not to blame.  i would say the pump/pricecorrection towards 1 MT urea price will start soon!

I've been noticing many of the new coins Mintpal has that 'Mintpal pump' and megadump right after the past few weeks. The fact URO trading at the low 0.006's before Mintpal and found the floor at 0.005 on it's current down trend correction is an accomplishment for this coin. I think the real show will start soon.

[noucome008]

just wait for it , it will jump to 300$ instantly

It's almost impossible to reach that price instantly. Lots of capitalization needed, and it should take time. But if everything is legit, URO should eventually reach a price close to the price of urea.

i could reach that 300$ instantly , because if they ship uro = urea , urea company will buy lots of uro in the market because it is still so cheap :d

[Soul_eater_123]

Well I've actually sold some shitcoins and used the opportunity to double my URO.

[Soul_eater_123]

Made a logo concept, if new logo is needed



Full Size

That's fantastic but could you round it off a little more, seems slightly to angular for a U?

[coinpirate]

While your time and effort in creating this design is very much appreciated, I think the original logo looks more credible and professional. Just my 2 cents...

[true-asset]

Retweet this: https://twitter.com/UroFoundation/status/485968965823234048 for a chance to win 5 Uro when #Urocoin gets a URO/USD pair on @cryptsy.

[Truthful]

Can the community have a copy of the report for the AGM for GES? It was 'advertised' on the website.

http://greenearthsystems.com.au/annual-gm-sydney-13-17-june-2014/

Can we have names of other people in photograph?

[coolmyrig]

I say,the new logo must be a nicer one.

[true-asset]

Can the community have a copy of the report for the AGM for GES? It was 'advertised' on the website.

http://greenearthsystems.com.au/annual-gm-sydney-13-17-june-2014/

Can we have names of other people in photograph?

No, the AGM is private, as its a privately held firm.
The photograph is being captioned today or tomorrow I am told.

[numbertech]

Look like the price is at the right spot now, 1% value of Urea. Not far from 100% of Urea.

[HasHe]

So on july 9th, whos trading what with who? I've read through the thread but im still a bit confused on whats actually happening on the 9th. Will a buyer redeem some Urea with his URO coin or will some Urea be bought with a URO coin? Then whats going on with the shipping? o_O