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

[mikelitoris]

why would any bulk supplier accept 230k worth of fertilizer coins for 12500 metric tonnes of urea worth 3.75 million?

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Beeep  

thats my scam radar beeping at the absurd scam being played out here

[regnevacs]

> 90% of URO owned by only 100 people, at the top of the list someone sitting on 72,000+ (~22%). If I were him, I wouldn't be waiting long before I dumped all the markets simultaneously.

http://www.cryptocuttlefish.cc/uro_rich_list.php

72,397.100 is bittrexx
the next one
is mintpal
the next is
poloniex hahaha
wtf are u thinking

12,500 is the GES recent transactions.

[a3tje]

How is not possible to simply state that URO is tied to Urea... IFFFF they indeed have signed contracts with suppliers of Urea, that means they (URO) had / has to give back something. In my opinion that can only mean that they either have given them a large stack of URO or they have made deals with the "cheap selling" Urea dealers in India (as they are located in India seems it is cheap so they would benefit from a rise in price). ps the idea of Uro is to create a trading platform for Urea (correct me if i'm wrong)

Anyway simply said that means that either a company has a LARGE stack or had insight in plans, therefore there isn't a fair distribution OR it is only working for the company's based in India and other Urea company's won't work with them. So it will simply be a trading platform that was created by 1 company and is mostly used in 1 part of the world.

Not saying this is a SCAM at all, just trying to get things clear. It is stated that they have "several" company's tied to it, maybe more specific information can clear up things. How much % of the world trade is done by those company's, what was the reason you were able to contact to company's and even get them convinced they cooperated?

Honestly I think the most logical reason would be, they are creating a trading platform for indian company's so they can increase the selling price and world wide distribution. Seems like a Win-Win situation for them!

somebody any answer?

Somebody please, no valid answer / response have been given.... Im not Fudding saying it's a SCAM, the opposite, just want to have some things clear/ valid to make a good opinion!

[marquix]

> 90% of URO owned by only 100 people, at the top of the list someone sitting on 72,000+ (~22%). If I were him, I wouldn't be waiting long before I dumped all the markets simultaneously.

http://www.cryptocuttlefish.cc/uro_rich_list.php

-- and that touches upon that earlier question of mine again which has been so (im-) politely ignored here, indicating that this entire Urocoin thing is not worth of any true Crypto coin fame.

If it's so badly centralized, then one would totally be at the merit of that "cartel" out there, just as Bitcoin is now accused to depend on CEX.io's trustworthiness to not use their 51+% position against the coin and as Ripple Labs are too much of a "central authority" in Ripple...

It all means that, even if it turns out to be legit, it will be a rough ride -- just as a small market-cap, heavily controlled minor Forex currency would.

[hozer]

I'm relatively new to this, but I watched and studied, and these are the reasons I invested:

1. Green Earth Systems have a 14 y internet background (easily checkoutable) in the things we all like and want,
    from alt energies to healthy food + they work with IT and security systems - therefore the background in the technical/crypto area.
    Not a bad firm to present us alternative folks and the whole unchaining point of cryptocurrency, eh?

2. The developers seem to be civilized and rational in all the conversations I've read so far. That alone is enough for me to put a little in it.


Also, a question: Is there a possibility of denying access to a user after repeated misconduct and public slander?
I'm talking about the ones wanting to "help" us all get off what they perceive as scam since it's siphoning the wealth
from their own investments.

Still waiting for the answer..

REPOST

Yes. It's called criminal prosecution for commodities trading fraud. Shit you say on the internet has real world consequences.

DISCLAIMER: I have a few uro I am planning to exchange for fertilizer. The more miners sell, and people panic sell, the less it will cost me for fertilizer next year.

But I would still rather do my trading in a civilized rational market that applies a significant cost to those who claim scam only to profit from it later. I would like to see a forum for trading discussion in which you can click a username and see what active trade positions they have. I can imagine a way to do this on counterparty. Anyone else interested in having a more rational market keep pestering true-asset to get the vennd uro gateway going

[davisgreen]

when people calm down and think, they will know why 1 URO is not worth 1 metric tonne of UREA. for it too be worth 1 metric tonne of UREA there has to be 1,000,000 tones of it which is the max coins.

Just a simple Google search for worlds total urea production will tell u that

Heres a little screenshot for u

World Urea Supply/Demand Balance (million metric tonnes urea)
Supply                              2012 2013 2014 2015 2016
Capacity                          192.4 202.8 207.4 224.3 226.1
Total Supply*                 165.9 173.7 180.3 189.7 195.0
Demand
Fertilizer Demand         143.3 146.2 149.4 152.7 154.4
Non-fertilizer Demand  19.0 19.7 20.7 21.1 21.7
Total Demand                162.3 165.9 170.0 173.8 176.1
Potential Balance            3.5 7.9 10.3 15.9 19.0 % of
Supply                                2% 5% 6% 8% 10%


So uro wont even cater to 1% of that

answer this does that mean uro coin owns all the urea in the world, uro is a currency not a company/commodity, if make gold coin does that mean the value of each is worth a real gold coin

I dont understand which part you dont understand- first you ask something- i am telling you that worlds total urea supply is 180 MILLION metric tonnes and uro is only 1 million supply.

uro is just an alternative currency to buy urea - and the companies who signed the uro protocal have committed to supply 1 mt of urea with 1 uro ( minimum 12500 mt order). So which part you dont get.

If some one is giving 1 oz of gold for 1 gold coin in reality then 1 gold coin will eventually have the value of 1 oz of gold. yes

[bitcoinwonders010]

when people calm down and think, they will know why 1 URO is not worth 1 metric tonne of UREA. for it too be worth 1 metric tonne of UREA there has to be 1,000,000 tones of it which is the max coins.

Just a simple Google search for worlds total urea production will tell u that

Heres a little screenshot for u

World Urea Supply/Demand Balance (million metric tonnes urea)
Supply                              2012 2013 2014 2015 2016
Capacity                          192.4 202.8 207.4 224.3 226.1
Total Supply*                 165.9 173.7 180.3 189.7 195.0
Demand
Fertilizer Demand         143.3 146.2 149.4 152.7 154.4
Non-fertilizer Demand  19.0 19.7 20.7 21.1 21.7
Total Demand                162.3 165.9 170.0 173.8 176.1
Potential Balance            3.5 7.9 10.3 15.9 19.0 % of
Supply                                2% 5% 6% 8% 10%


So uro wont even cater to 1% of that

answer this does that mean uro coin owns all the urea in the world, uro is a currency not a company/commodity, if make gold coin does that mean the value of each is worth a real gold coin

u are really a dump person don't have a brain do you , there is contract that 1 uro = 1 urea , don't u get it , hahahahahahah ,

your dumb, they have contract for 12500 tonnes for 12500 coins, what about the rest of the coins, as they dont have a contract what are they worth

[raffern]

The company seems to be active enough on twitter?

Uro Foundation ‏@UroFoundation  5m
@ofnumbers Thank you for taking the time to interview us. Hope to speak with you again about #Urocoin next time.

This FUD is annoying. They want your cheap coins when you panic sell!

[mikelitoris]

in your dreams it will reach $320, it will fall back down to 90k satoshi within 24 hours, so i feel sorry for any bag holders dreaming of their btc fortune, because it will dissapear really fast, just like the dev and his toilet paper contracts

[HeadsOrTails]

At first I thought this was a scam for sure, but as usual I did my own investigation and it seems like its probably not

https://twitter.com/CryptoFungus/status/487174793629007872

I also did some background checking on GES and it is a legit company that has been around for a long time.

No, GES is housed at a virtual office in Sydney at a notoriously shady building (Lvl 33 @ Australia Square.

http://greenearthsystems.com.au/commodities/branches/ = Level 33, Australia Square, 264 George Street, Sydney NSW 2000 ... http://www.executivecentre.com.au/virtual_offices/faq

Oh and GES is a company but check the Australian Govt details....

https://anonfiles.com/file/75ecb5ec6064bc9182a99ae7a95fdeea   = ( https://connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?_adf.ctrl-state=kpvusdliz_27 )

Listed address is officially Rydalmere which is 20 miles NW from Sydney CBD BTW.

Need proof it's all a scam?
What company has an Australian email domain for all it's supposed offices?

• egypt@greenearthsytstems.com.au
• au@greenearthsystems.com.au
• india@greenearthsystems.com.au

As for starting decades ago....

Registration date: August 4th, 2008
Renewal date:      August 4th, 2014

Oh and the signing of the document at this link ....
http://greenearthsystems.com.au/ges-honored-to-be-the-first-member-of-the-uro-foundation/

Highly unlikely since June 9th = public holiday across the whole country (Queens Birthday). As for the so-called Annual General Meeting, you're confused with the Navy : http://www.nautinst.org/download.cfm?docid=CBFD1A22-F031-45FE-908E7EC4D5ADD8CD

Oh and there's the issue of urea fertilizer hardly being used, let alone manufactured in a first world country like Australia. Urea fertilizer is used in Africa and Indian subcontinent. Even the USA has to import it.

As for the shady tactics, the REAL GES has told me they're going to notify Australian Federal Police who'll no doubt be raiding the virtual office tomorrow.

THIS IS THE LOWEST ALTCOIN SCAM I'VE EVER SEEN... YOU'RE NOTHING MORE THAN CON ARTISTS AND YOU'LL LEARN SOON ENOUGH FRAUD IS FRAUD AND THEFT IS THEFT.

[GIBZORS]

why would any bulk supplier accept 230k worth of fertilizer coins for 12500 metric tonnes of urea worth 3.75 million?

Beep


Beeep


Beep

Beep





Beeep  

thats my scam radar beeping at the absurd scam being played out here

Why would anyone accept bitcoins as a method of payment in 2010..
Why would any altcoin ever be accepted as any kind of payment the years to come?

[Ezravdb]

HOLY SHIT I sold this shit at 14K sat few months back!!!!

[true-asset]

Hats off to the Uro Community:

[a3tje]

when people calm down and think, they will know why 1 URO is not worth 1 metric tonne of UREA. for it too be worth 1 metric tonne of UREA there has to be 1,000,000 tones of it which is the max coins.

Just a simple Google search for worlds total urea production will tell u that

Heres a little screenshot for u

World Urea Supply/Demand Balance (million metric tonnes urea)
Supply                              2012 2013 2014 2015 2016
Capacity                          192.4 202.8 207.4 224.3 226.1
Total Supply*                 165.9 173.7 180.3 189.7 195.0
Demand
Fertilizer Demand         143.3 146.2 149.4 152.7 154.4
Non-fertilizer Demand  19.0 19.7 20.7 21.1 21.7
Total Demand                162.3 165.9 170.0 173.8 176.1
Potential Balance            3.5 7.9 10.3 15.9 19.0 % of
Supply                                2% 5% 6% 8% 10%


So uro wont even cater to 1% of that

answer this does that mean uro coin owns all the urea in the world, uro is a currency not a company/commodity, if make gold coin does that mean the value of each is worth a real gold coin

I dont understand which part you dont understand- first you ask something- i am telling you that worlds total urea supply is 180 MILLION metric tonnes and uro is only 1 million supply.

uro is just an alternative currency to buy urea - and the companies who signed the uro protocal have committed to supply 1 mt of urea with 1 uro ( minimum 12500 mt order). So which part you dont get.

If some one is giving 1 gold coin for 1 oz of gold in reality then 1 gold coin will eventually have the value of 1 oz of gold. yes

Why would ANY company be doing this, when you can buy Urea cheap and sell it high :S

I have been posting this same question before, which company has signed the agreement and what is their % of total world supply?

Besides this, is there ANY company outside India that has signed this agreement? I do see advantages for the company's that now sell to middleman (mainly company's based in India) as they can generate more profit / income. However why would ANY western company be signing the agreement???

[altcoinherald]

Hats off to the Uro Community:

I'm calling SCAM. Please, have me arrested for Cyber-Bullying. I double dog DARE you  

http://altcoinherald.com/uro-ushers-era-commodity-scams-altcoin-city/

[mikelitoris]

At first I thought this was a scam for sure, but as usual I did my own investigation and it seems like its probably not

https://twitter.com/CryptoFungus/status/487174793629007872

I also did some background checking on GES and it is a legit company that has been around for a long time.

No, GES is housed at a virtual office in Sydney at a notoriously shady building (Lvl 33 @ Australia Square.

http://greenearthsystems.com.au/commodities/branches/ = Level 33, Australia Square, 264 George Street, Sydney NSW 2000 ... cutivecentre.com.au/virtual_offices/faq

Oh and GES is a company but check the Australian Govt details....

https://anonfiles.com/file/75ecb5ec6064bc9182a99ae7a95fdeea   = ( https://connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?_adf.ctrl-state=kpvusdliz_27 )

Listed address is officially Rydalmere which is 20 miles NW from Sydney CBD BTW.

Need proof it's all a scam?
What company has an Australian email domain for all it's supposed offices?

• egypt@greenearthsytstems.com.au
• au@greenearthsystems.com.au
• india@greenearthsystems.com.au

As for starting decades ago....

Registration date: August 4th, 2008
Renewal date:      August 4th, 2014

Oh and the signing of the document at this link ....
http://greenearthsystems.com.au/ges-honored-to-be-the-first-member-of-the-uro-foundation/

Highly unlikely since June 9th = public holiday across the whole country (Queens Birthday). As for the so-called Annual General Meeting, you're confused with the Navy : http://www.nautinst.org/download.cfm?docid=CBFD1A22-F031-45FE-908E7EC4D5ADD8CD

Oh and there's the issue of urea fertilizer hardly being used, let alone manufactured in a first world country like Australia. Urea fertilizer is used in Africa and Indian subcontinent. Even the USA has to import it.

As for the shady tactics, the REAL GES has told me they're going to notify Australian Federal Police who'll no doubt be raiding the virtual office tomorrow.

THIS IS THE LOWEST ALTCOIN SCAM I'VE EVER SEEN... YOU'RE NOTHING MORE THAN CON ARTISTS AND YOU'LL LEARN SOON ENOUGH FRAUD IS FRAUD AND THEFT IS THEFT.

Just for those of you still clutching onto bags of fertilizer coins

[hozer]

Hi True Asset,


I have been following URO since it was launched.

I am looking at importing UREA, I am in the import business and have spoken to my clearing agent and he is able to provide this service for me. I just need to find out, is there any way of getting a smaller shipment then 12500MT in the early days. If not, can you give me info on the volumetric weight of a 12500MT shipment, I have a connection with big farmers in South Africa and am very keen to prove your service.

Can you contact me so we can discuss this further.

PM sent.

Please come up with a shipping-container sized (20 tonne) 'uro-mini' contract and post what ports loaded containers can be picked up at.

No bulk supplier will ever give you an offer like that..
It's like going to a steel mill and asking to buy a plate of 0.3x0.3m preferably 10mm thick..

But if some enterprising trader finds 10,000 welders who all want 0.3x0.3m 10mm plates, makes the bulk order, and loads them up, they can make a nice margin. If you want URO to go to urea parity fast, start arbitrage between shiploads and shipping containers. If you want to let the 4 or 5 bulk fertilizer suppliers set the price, by all means, continue as-is.

As someone else said, this is going to be a very rough road, with high probability of bankruptcy of at least one large bulk fertilizer supplier who does not understand what pandora's box they just opened.

[HeadsOrTails]

uro is just an alternative currency to buy urea - and the companies who signed the uro protocal have committed to supply 1 mt of urea with 1 uro ( minimum 12500 mt order). So which part you dont get.

If some one is giving 1 oz of gold for 1 gold coin in reality then 1 gold coin will eventually have the value of 1 oz of gold. yes

Which companies signed this so called protocol? Because something like this would be recorded in a PDF ie minutes of the meeting, not to mention press coverage.

As for this alternative means of buying urea... How is this solving world hunger in the 3rd world? Are you telling me the fees involved with a commercial or industrial urea purchase is somehow being fixed with URO?

Give a single source of someone buying $300 of urea for $33 of URO coins

[multipoolcoin]

nigerian scammers

this time Chinese+Indian (or Pak) scammers, but indeed, Nigerian style.

[davisgreen]

> 90% of URO owned by only 100 people, at the top of the list someone sitting on 72,000+ (~22%). If I were him, I wouldn't be waiting long before I dumped all the markets simultaneously.

http://www.cryptocuttlefish.cc/uro_rich_list.php

-- and that touches upon that earlier question of mine again which has been so (im-) politely ignored here, indicating that this entire Urocoin thing is not worth of any true Crypto coin fame.

If it's so badly centralized, then one would totally be at the merit of that "cartel" out there, just as Bitcoin is now accused to depend on CEX.io's trustworthiness to not use their 51+% position against the coin and as Ripple Labs are too much of a "central authority" in Ripple...

It all means that, even if it turns out to be legit, it will be a rough ride -- just as a small market-cap, heavily controlled minor Forex currency would.

Well then you should read more and go through everything again- here the top account has been a mine and sell address with bittrex- here is the confirmation of it.

https://www.irccloud.com/pastebin/5B5pntrd

thanks