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

[purplejaguar]

Crown Team Corporation Limited registered april 2013
but cant find much else

http://www.hongkongdir.com/CROWN-TEAM-CORPORATION-LIMITED-bilcqbf/

Thanks! This is very helpful!

[1714065964]

1714065964

[1714065964]

1714065964

[true-asset]

The question "Why has the NIERs not bought up all the Uro on the market?" has been asked many times. We are pleased to be able to publish an answer now.

There are so many reasons why the members of the Foundation has not chosen to go down this path, and here are just a few:

1. Sustainability: The need for the Uro community to prove itself as a long term, sustainable crowd business model: The Foundation wants to see Uro grow organically on its own, with its own proud tradition. Uro needs to be convincing to the general public as represented by the community here. Uro needs to stand alone on its own principles and economic foundations. A few companies buying up all the currency supply does nothing to achieve this.

2. Ethics: it is just plain wrong for the Foundation members to manipulate the market by hoarding all the Uro supply. In the share market - this would be considered some form of insider trading and definitely breaks a number of laws. Just because the cryptocurrency space is unregulated by the government doesn't mean that we should not hold ourselves to high moral and ethical standards. Having a few parties with a majority stake in the currency supply simply breeds opportunities for market manipulation that benefits almost no one.

3. Market creation and growth via "Earned Distribution": to have a market - you need mass participation. What is the point of Uro if - when it reaches its proper value - that only a few hold it? There will be no point to such a currency - currency is something that is useful for exchange between people - especially strangers. The bigger the market the better - and we believe that the best way to create a large market is through what we call "Earned Distribution": everyone that is holding Uro have earned them - by mining to keep the network operating, by contributing to the community via posting new information to strengthen its value, by buying some Uro. This is the free market at its best - mass participation with no freeloaders.

4. Policies in Philanthropy: For the NIERs - Uro is not a sale, Uro is not something that fits the metrics of what that the Urea trading firms will pay for as an expense or an investment. for the NIERs - the best category for Uro to fit in is as part of the philanthropic and R&D activities these companies get involved in. Over the years - the NIERs have learned that handing out cash usually ends up with corrupt officials and middlemen absorbing the majority of the donations or funding - so the NIERs now have a policy: No cash handouts. This policy is the result of tens if not hundreds of millions of dollars in hard lessons learned from past charitable and R&D activities. The NIERs are fine with providing millions of tonnes of Urea knowing that it will go towards planting something that will help feed people in need, but not okay with providing funds so that Uro can be temporarily and artificially inflated in value on a currency exchange just so that a few early adopters can cash out.
 

[true-asset]

dont need to convince anyone of the value.
once the uro is tradeable to urea then the market will fix it directly.

i'm curious why the dev initially did not want it on an exchange, then wanted it on more .. when all the time there needed to be a mechanism to get URO out of the greedy mitts of the miners and into the hands of the purchasers.

You are right - we thought that a premature exchange listing would be detrimental to the early stage development of the project - but later we have found from the community that the exchange helps bring attention and increase market participation. We learned and we evolved - and this is an ongoing necessity to continue being leaders in any field.

[byronit]

Wallet is not syncing today connections all timing out??

[true-asset]

Its becoming difficult for new members to read through all the information on the 30+ pages, so we have created a blog to aggregate the best highlights from the discussions on this thread: urofoundation.wordpress.com

[fiftyseven]

Looking at the protocol, I notice only members who have traded 2 million metric tonnes of urea in the last three years are eligable, yet the commitment you are seeking is 12,500 metric tonnes over ten years? Is that a minimum and maximum value or just a minimum? If it's their total commitment, this is just a tiny experiment presumably?

[true-asset]

BTW your block explorer seems to be stuck.

Yes - we have emailed cryptexplorer and altexplorer with requests to update to the latest version of Uro.

[true-asset]

Looking at the protocol, I notice only members who have traded 2 million metric tonnes of urea in the last three years are eligable, yet the commitment you are seeking is 12,500 metric tonnes over ten years? Is that a minimum and maximum value or just a minimum? If it's their total commitment, this is just a tiny experiment presumably?

Actually there is no legal limit to the amount of Urea backing (although a practical limit is imposed by the fact that the supply of Uro is limited - hopefully this gives you a better idea of why we went with 1 million Uro in the first 6 months then 100K per year - it is to allow management of the Urea purchase growth). Article 1 states the Member will supply 12,500 MT Urea to any (understand as each if that makes things clearer for you) purchaser. There is no limit to the amount of Urea available. If you have 1 Million Uro then you can purchase 1 Million MT Urea by making 80 separate purchase orders (which conveniently fits on 80 ships).

12,500MT Urea fits on one ship - that is why this is the amount that was identified in the Uro Protocol.

This question was answered back in page 24.

We are posting all these important answers to the blog for easier access.

[true-asset]

This is all very utopian and idealistic, but fundamentally in the real world in which we live right now, how are the producers going to get paid in order to even break even or profit from the sales of urea? It's not like they can pay their utility bills with URO.

Wow... why do people that do not have a clue about how commodity- and stockmarkets work, trade cryptocurrencies...

Ok I shall change my education and career for this. Crypto is a hobby and interest for me, nothing more. I'd be interested if rather than putting me down you could explain it, otherwise I will attempt to educate myself.

In my narrow, limited world view, I just don't understand how you can place a value on something that noone else can use as a unit of value?

Value can be place on Urea because it does have value for everybody - its what is growing half the food on the planet.

[true-asset]

Wallet is not syncing today connections all timing out??

Are you running the latest Uro wallet from github.com/uro-/uro/releases?

[true-asset]

2. Will we see a richlist or top holders or URO, or does one exist already?

Anybody know of sites that can host a rich-list/top holders list for Uro? Please ask them to add Uro and post the site details here. Thanks

[true-asset]

All forum discussion highlights have been posted on the blog at urofoundation.wordpress.com. Have a quick glance at least - most likely you would have missed out on at least some of the more interesting posts over the last 30+ pages.

[wevus]

I looked through the Uro protocol and couldn't find anything online about the China and South Africa signers. Is there anything online about these companies or even about the people who signed in the documents (I didn't find much by Google)

i wish this coin will be good in the future.

More information will be provided when the legal team provides approval for us to post it. As you can understand each company has its own policies. Each of the Urea trading firms have signed many NDAs with numerous parties and there are things that we have to wait for legal to provide clearance on.

For Crown Team Corporation and CCL Pillay Group - we are aware that they do not have websites at the moment, and this is part of why Uro is needed - to revolutionize an inefficient Urea market based on sparse face to face connections into a modern, efficient and decentralized internet connected system that has transparency and speed. The Foundation is working out methods to deliver a press event that will ease the doubts that a few members are have regarding the legitimacy of every aspect of the Uro Protocol ratification.

Remember that baseless speculation of what is real or not does not contribute anything new to the discussion. Try to keep your comments based on facts, criticism and opinions regarding Uro itself - this thread is not intended for the discussion of personal issues - please start a new thread if you wish to criticize a person (unfortunately, it is likely that not many members will follow such a thread - since such discussions are rarely interesting for more then a few seconds). Missing information does not indicate dishonesty, but merely that the release of information can be improved - and we will keep improving the methods and content of information releases as the circumstances permit.

There are so many threads on this forum which are self-moderated to hide any negative posts and comments, but we believe in freedom and respect for everyone's rights and did not choose to go down that path.

There is nothing wrong with asking questions, and I will continue to do so before investing my BTC. I like what I have seen so far from some of the members of the URO foundation, but for others, information is hard to come by, so I will keep looking for that information.

+1. Need more just like yourself. Thank you

[true-asset]

There are a couple of people mining on the old pre-fork blockchain, which has generated 2 blocks in the last few days. Please make sure you are running v1.0.0.1 of the wallet, which can be downloaded from github.com/uro-/uro/releases

[dleader]

Just a thought would it not benefit the farmers to have the ability to purchase a prepaid URO card, to use as A. Currency B. acting hedge trader. This negates the necessity for a computer, and direct transfer from individuals in any local could take place without a middle man. Effectivly rendering any farmer a potential trader in URO. Granted they can hold on to the urea, or URO card directly. These cards could also be in smaller URO denominations. They would be sold and handled like phone minute cards, I've been to many rural places in 3rd world countries, phone cards are as prolific as soda these days.

If the local distributor had the ability to accept say .5 of a URO and the farmer still had .5 left on his card, he could chose to hold or sell at will. Price fluctuations will always be inherent in commodities due to supply and demand.

[true-asset]

Just a thought would it not benefit the farmers to have the ability to purchase a prepaid URO card, to use as A. Currency B. acting hedge trader. This negates the necessity for a computer, and direct transfer from individuals in any local could take place without a middle man. Effectivly rendering any farmer a potential trader in URO. Granted they can hold on to the urea, or URO card directly. These cards could also be in smaller URO denominations. They would be sold and handled like phone minute cards, I've been to many rural places in 3rd world countries, phone cards are as prolific as soda these days.

If the local distributor had the ability to accept say .5 of a URO and the farmer still had .5 left on his card, he could chose to hold or sell at will. Price fluctuations will always be inherent in commodities due to supply and demand.

Paper wallets and brain wallets are definitely part of the plan involving the wholesalers for the next stage. We have not thought about cards but thanks for contributing this. Wholesalers will be trained to use Uro electronically while less frequent users can make do with paper wallets. If the Foundation donates Urea it would be in the form of Uro paper wallets, and Uro will be purchasable from Urea wholesalers.

For many farmers - understanding markets trends, cryptocurrency, finance, etc is a big problem indeed. However, if we just introduce a paper wallet which they can buy and hold as a certificate for Urea - then that is something everyone will understand. The best thing is that these certificates can be verified against counterfeiting due to the inherent power of the cryptocurrency network.

[danonthehill]

How does URO fit in with the government subsidization of urea in India?:

"Urea is imported by three STEs (state trading enterprises) - Indian Potash Ltd (IPL), MMTC and STC on behalf of the government to meet domestic shortfall. The country produces about 22 MT against an annual domestic demand of 33 MT."

"Urea is provided to farmers at a fixed subsidized maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of production and MRP of urea is provided as subsidy."

5,360.00 INR   =   90.4319 USD

Are there farmers in Rajasthan buying subsidized Urea for 3 times the price?

[true-asset]

How does URO fit in with the government subsidization of urea in India?:

"Urea is imported by three STEs (state trading enterprises) - Indian Potash Ltd (IPL), MMTC and STC on behalf of the government to meet domestic shortfall. The country produces about 22 MT against an annual domestic demand of 33 MT."

"Urea is provided to farmers at a fixed subsidized maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of production and MRP of urea is provided as subsidy."

5,360.00 INR   =   90.4319 USD

Are there farmers in Rajasthan buying subsidized Urea for 3 times the price?

A typical small to medium farmer without the right connections cannot access Urea at this subsidised price. To receive this subsidy they must go through a lot of bureaucracy and significant corruption occurs at this level. Although it is displayed at this price almost no one can actually make a real purchase of Urea for 5360 INR - most pay more then 3 times this amount.

In other words, this subsidy/discount gets absorbed by the middle elements of the supply chain - such as the agents.

This kind of fake "subsidy" is "available" in many developing nations.

[danonthehill]

What about non-fertilizer uses for Urea, couldn't URO be bought and manipulated up by this sector?

[Geenstijl]

What about non-fertilizer uses for Urea, couldn't URO be bought and manipulated up by this sector?

All markets can/are manipulated.