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

[Changeispermanent]

Dev, a few questions

What is the quantity of Urea per one URO you are planning to underwrite?
What are the states/countries you are targeting?
Why do you think these multi million dollar companies use URO instead of USD?
What will be the mechanism through which farmers buy urea using URO?
What will be the basis for Uro/Urea initial backing/underwriting ratio?
Will this ratio keep changing year on year or will it change? If so, on what basis?

I truly believe if you are able to do as per your plan, this could be the biggest coin launched this year. The only coin for which the real world purpose is clear.

[1714623492]

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[1714623492]

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[1714623492]

1714623492

[1714623492]

1714623492

[1714623492]

1714623492

[1714623492]

1714623492

[BigWait]

look like a good coin
Is that time to mined ?

[ocminer]

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[helloword2013]

I want to set up a p2p pool of Urocoin.
but i can't clear how to modify the network.py，who can help me.

[dstorm]

I want to set up a p2p pool of Urocoin.
but i can't clear how to modify the network.py，who can help me.

https://bitbucket.org/dstorm/p2pool-uro

[helloword2013]

I want to set up a p2p pool of Urocoin.
but i can't clear how to modify the network.py，who can help me.

https://bitbucket.org/dstorm/p2pool-uro

thank you

[hero18688]

Net hashrate is only 363.47 MH/s,But diff is high at 88.Something wrong?

[Changeispermanent]

Dev, a few questions

What is the quantity of Urea per one URO you are planning to underwrite?
What are the states/countries you are targeting?
Why do you think these multi million dollar companies use URO instead of USD?
What will be the mechanism through which farmers buy urea using URO?
What will be the basis for Uro/Urea initial backing/underwriting ratio?
Will this ratio keep changing year on year or will it change? If so, on what basis?

I truly believe if you are able to do as per your plan, this could be the biggest coin launched this year. The only coin for which the real world purpose is clear.

Hey true-asset, could you please take some time to answer the above queries. It is important for us to know these things and the more information the better it is. You have a great idea but we need to know the plan also to build a secure network as is required by the urea trading partners (as you mentioned in the OP).

[sussex]

Net hashrate is only 363.47 MH/s,But diff is high at 88.Something wrong?

It seems to me that the diff has held steady at 88 for days now, but maybe I'm wrong.......

[helloword2013]

what's wrong with the diff of Uro?
could you clear it?thank you

[true-asset]

Dev, a few questions

What is the quantity of Urea per one URO you are planning to underwrite?
What are the states/countries you are targeting?
Why do you think these multi million dollar companies use URO instead of USD?
What will be the mechanism through which farmers buy urea using URO?
What will be the basis for Uro/Urea initial backing/underwriting ratio?
Will this ratio keep changing year on year or will it change? If so, on what basis?

I truly believe if you are able to do as per your plan, this could be the biggest coin launched this year. The only coin for which the real world purpose is clear.

Response:

What is the quantity of Urea per one URO you are planning to underwrite? This is still being negotiated.
What are the states/countries you are targeting? Asia, Africa, South America and (mainly Eastern) Europe
Why do you think these multi million dollar companies use URO instead of USD? Because Uro represents a futures contract trading facility that can be used to hedge against the volatile and illiquid state of current USD based trading methods
What will be the mechanism through which farmers buy urea using URO? Farmers will purchase Uro ahead of time to hedge against the risk of Urea prices changing. They can exchange it back to their local currency when they need to obtain the Urea in physical form.
What will be the basis for Uro/Urea initial backing/underwriting ratio? We will target as large a ratio as possible, and we are negotiating hard to get a larger quantity of Urea underwriting
Will this ratio keep changing year on year or will it change? If so, on what basis? Once established the ratio is very unlikely to change - since farmers will be relying on its value as a back to a certain amount of Urea. However our partners are committed to following the 10% per annum increasing in underwriting volume. To make this sustainable in the long term (5+ years) the initial agreed ratio is crucial, hence why we are spending so much time and effort on getting that number right and having all the correct legal paperwork to set it in stone for current and future generations to benefit from the plan.

We are in teleconferences with our Urea trading partners on a daily basis. There are about 7 separate legal procedures that each need to be completed in sequence, with many parties involved - including banks, law firms, government departments, factories, exporter, importers, wholesalers, insurance companies etc... We are trying to minimize delays caused by clerical mistakes and other factors, so everything is being triple checked. In addition we are still in the process of reaching consensus on the Uro/Urea initial backing/underwriting ratio.

[true-asset]

what's wrong with the diff of Uro?
could you clear it?thank you

We are investigating the issue and have purchased and deployed emergency X11 hashing capacity to keep the blockchain secure and generating blocks while we identify if there is an issue and if so solve it.

We noticed the higher then expected difficulty of 88 on Saturday and have been monitoring the situation and comparing the situation with our testnet sandbox experiments over the last 3 days.

Blocks are still being generated every 15 minutes and the network continues to operate normally - we are processing transactions hourly to confirm transaction processing is functioning as expected.

[Kreativekrypto]

Dev, a few questions

What is the quantity of Urea per one URO you are planning to underwrite?
What are the states/countries you are targeting?
Why do you think these multi million dollar companies use URO instead of USD?
What will be the mechanism through which farmers buy urea using URO?
What will be the basis for Uro/Urea initial backing/underwriting ratio?
Will this ratio keep changing year on year or will it change? If so, on what basis?

I truly believe if you are able to do as per your plan, this could be the biggest coin launched this year. The only coin for which the real world purpose is clear.

Response:

What is the quantity of Urea per one URO you are planning to underwrite? This is still being negotiated.
What are the states/countries you are targeting? Asia, Africa, South America and (mainly Eastern) Europe
Why do you think these multi million dollar companies use URO instead of USD? Because Uro represents a futures contract trading facility that can be used to hedge against the volatile and illiquid state of current USD based trading methods
What will be the mechanism through which farmers buy urea using URO? Farmers will purchase Uro ahead of time to hedge against the risk of Urea prices changing. They can exchange it back to their local currency when they need to obtain the Urea in physical form.
What will be the basis for Uro/Urea initial backing/underwriting ratio? We will target as large a ratio as possible, and we are negotiating hard to get a larger quantity of Urea underwriting
Will this ratio keep changing year on year or will it change? If so, on what basis? Once established the ratio is very unlikely to change - since farmers will be relying on its value as a back to a certain amount of Urea. However our partners are committed to following the 10% per annum increasing in underwriting volume. To make this sustainable in the long term (5+ years) the initial agreed ratio is crucial, hence why we are spending so much time and effort on getting that number right and having all the correct legal paperwork to set it in stone for current and future generations to benefit from the plan.

We are in teleconferences with our Urea trading partners on a daily basis. There are about 7 separate legal procedures that each need to be completed in sequence, with many parties involved - including banks, law firms, government departments, factories, exporter, importers, wholesalers, insurance companies etc... We are trying to minimize delays caused by clerical mistakes and other factors, so everything is being triple checked. In addition we are still in the process of reaching consensus on the Uro/Urea initial backing/underwriting ratio.

Keep us posted, the miners will come back when more plans/updates are available. You could have an amazing coin here but obviously promotion will need to happen if you want to see it blossom. Is your goal to get the legal stuff done, then promote? Basically what's your game plan for awareness and adoption?

[Frigga77]

What is the status for now? Tried to mine it today, but that seems to be impossible?

[true-asset]

What is the status for now? Tried to mine it today, but that seems to be impossible?

What is the problem you are having. We just confirmed both p2pool and solo mining are working fine. You can check the block explorer to verify this.

[Frigga77]

What is the status for now? Tried to mine it today, but that seems to be impossible?

What is the problem you are having. We just confirmed both p2pool and solo mining are working fine. You can check the block explorer to verify this.

I made a mistake in the configuration, running my private pool, but in another pool it works, so no problem from your side, it's working fine.
I am continuing mining this, really like it  

[profall]

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[zulu860]

I have 145 uro someone make me a offer

[AlfaONE]

sell on bittrex.com

[Changeispermanent]

Dear Dev,

Any updates on urea exchange. As you can see hash rate is not steady and falling. I think its time to update the community on the developments. Otherwise people will forget about this coin.