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Author Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea  (Read 225660 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
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July 10, 2014, 06:12:36 PM
 #1

INVALID BBCODE: close of unopened tag in table (1)

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July 10, 2014, 06:57:22 PM
 #2

Thankfully we can get a reasonable conversation about the future plans for this coin.  Unhappy to see the first posts in this thread are skepticism, and questions answered just by reading what was posted in this very OP! (exception, thank you askcoin.net)

Lets start with a piece of news.  Did you know that milestone 2 about the NURO wallet, and the end paragraph regarding crowdfunding are part of the same goal? Did you know that we are potentially going to be the only coin aside from BTC and LTC to become a part of BlockCypher!  true-asset has been in contact with BlockCypher for a month and is ready to move forward with the creation of BlockCypher for URO.
Quote
1. Create transactions in the cloud at high speed, then sign them on the device: fast and safe
2. Display latest transactions when the user wants to see them, instead of constantly listening for new transactions: saves battery
3. Fast, cloud powered single shot transaction broadcasts via the cloud: saves bandwidth and time
4. Redundant servers running in datacentres: high availability without latency in waiting to connect to nodes

Now lets keep the chat about what we are up to next and stand on the shoulders we know to be true that 12500 URO were accepted as payment for 12500 metric tons of urea just yesterday.  lets leave the madness to the main thread and work on some planning here.

$MAID & $BTC other than that some short hodls and some long held garbage.
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July 10, 2014, 07:01:23 PM
 #3

Awaiting some reasonable discussions. IRC is always great but a proper thread is needed also.

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July 10, 2014, 07:33:25 PM
 #4

I would like to discus that we coin the term Uroshi which stands for the current price of urea in bitcoin... at todays pricing a uroshi is ~ .48534 btc  and will soon be equal to 1 URO coin Cheesy

$MAID & $BTC other than that some short hodls and some long held garbage.
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July 10, 2014, 08:05:51 PM
 #5

Good initiative.  A moderated thread is needed for the community.
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July 10, 2014, 08:16:41 PM
 #6

I would like to discus that we coin the term Uroshi which stands for the current price of urea in bitcoin... at todays pricing a uroshi is ~ .48534 btc  and will soon be equal to 1 URO coin Cheesy
so basically u saying that now uro=0.0219 btc
urea = .48534 btc = 1 uroshi

so 1 uro = 0.045123 uroshi
And when uro is exactly the same price as urea in btc, then 1uro = 1 uroshi

Did i get it right!!

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July 11, 2014, 03:45:37 PM
 #7

I think the price of URO will tend towards urea slowly in the long run...currently the market will price in the uncentainity around the newness of the idea....so for investors who want to take on the risk theres a potential 20 X return even if it reaches a price of 0.2 uro. But I would think the price would be much more that given the kind of main stream media attention this can receive. In some ways, URO can actually redeem the "silk road" image of bitcoin. We can litreally go..look what else cryptocurrencies can do. Make no mistake folks, URO is a big deal for all of us!
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July 11, 2014, 03:57:33 PM
 #8


Great idea adding a moderated thread for URO on here, it is needed - due to the average bitcointalk poster being immature & URO being the most mature coin out there. Clash of personalities.

We do have a few decent, responsible people on here though, so I'm glad that we can now come together easier.

Also, while I am here: Please add the Cryptsy market to the OP thank you.

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July 11, 2014, 03:59:47 PM
 #9

I think the price of URO will tend towards urea slowly in the long run...currently the market will price in the uncentainity around the newness of the idea....so for investors who want to take on the risk theres a potential 20 X return even if it reaches a price of 0.2 uro. But I would think the price would be much more that given the kind of main stream media attention this can receive. In some ways, URO can actually redeem the "silk road" image of bitcoin. We can litreally go..look what else cryptocurrencies can do. Make no mistake folks, URO is a big deal for all of us!

 I think if it's ever verified that suppliers will accept 1 coin per tonne, the price will move very quickly to the market price for urea.  Buyers will want to get as many as they can afford  at a discount, which will drive the price to the right rate very quickly.

The main thing is to prove you can get 1 tonne for a coin.  And really that doesn't have to be proved to bitcointalk, but to the audience of urea buyers.
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July 11, 2014, 04:00:35 PM
 #10

We need to get URO noticed by the chemical distributors themselves. I used to work for a Canadian ingredient distribution company that was a member of this group http://www.cacd.ca/

The Canadian Association of Chemical Distributors.

They have a quarterly publication called the "Chemunicator". We need to get URO in this quarterly publication ASAP. Here's the latest Chemunicator

http://www.cacd.ca/communication-matters/the-chemunicator/

URO on the front page would be huge Smiley
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July 11, 2014, 04:01:32 PM
 #11

Final, I can hear my self type Smiley

Im holding a light 9 URO ATM. Think im going to rip my attention from this live show and just see how it turns out in a couple weeks.

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July 11, 2014, 04:04:51 PM
 #12

We need to get URO noticed by the chemical distributors themselves. I used to work for a Canadian ingredient distribution company that was a member of this group http://www.cacd.ca/

The Canadian Association of Chemical Distributors.

They have a quarterly publication called the "Chemunicator". We need to get URO in this quarterly publication ASAP. Here's the latest Chemunicator

http://www.cacd.ca/communication-matters/the-chemunicator/

URO on the front page would be huge Smiley

Great Idea! We should reach out to these guys!
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July 11, 2014, 04:08:01 PM
 #13

hi!

the ann thread is a total mess. impossible to find or get any information. could we regather how and when the first sale happened? who bought it (btctalk username)?
have any further details been released?
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July 11, 2014, 04:08:24 PM
 #14

Cross posting another great point from the unmoderated thread,

This project will make history in crypto currency because it will stabilize the price on the URO coin through the price from UREA MT. You cant say that from bitcoin, bitcoin has not set foot were it goes in the future. So this URO coin will be a good hedge vs bitcoins.

Also in the future the price of UREA will keep rising and we have a stabilize altcoin "URO" that we can use for anything to pay for and not be afraid it will collapse in dust. Because UREA cant be dust because the world populations need UREA

Here you can look up from up to 30 years of history about UREA prices, the price of UREA keep rising so that means in the longterm URO coin will increase in value

http://www.indexmundi.com/commodities/?commodity=urea&months=360
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July 11, 2014, 04:10:09 PM
 #15

Good idea to start a new 'moderated' thread. The official one was crazy beyond belief.

Perhaps the Dev will get involved again with this one to put minds at rest.

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July 11, 2014, 04:14:03 PM
 #16

We need to get URO noticed by the chemical distributors themselves. I used to work for a Canadian ingredient distribution company that was a member of this group http://www.cacd.ca/

The Canadian Association of Chemical Distributors.

They have a quarterly publication called the "Chemunicator". We need to get URO in this quarterly publication ASAP. Here's the latest Chemunicator

http://www.cacd.ca/communication-matters/the-chemunicator/

URO on the front page would be huge Smiley

Great Idea! We should reach out to these guys!

CACD influences distribution of chemicals across the country including urea. The company that I worked for had an Animal Feed Division that I was a part of for over 5 years...I sold many commodities to feed manufacturers who then supplied farmers with the feed mixes. Ingredients like phosphates, copper sulfate, ascorbic acid, zinc oxide etc...

If we can get CACD to promote URO then we will create a demand for these ingredient suppliers to import more urea into Canada which will help URO price go up towards $300 and create a more stable market.

As an example Ascorbic acid can fluctuate in price from $3 /kg up to $25/kg because the world market is controlled by 4 manufactures in China. There are only 2 other non chinese manufacturers of ascorbic acid, one in the UK and one in USA. These ingredient distribution companies hate volatile markets and avoid entering them because of risk of losing money. URO solves the problem with price fluctuation for Urea which will make these companies stock up on urea. It's a win/win/win for everyone. The market price of URO goes up for us Smiley, the chemical ingredient distributor is happy because they make a profit and the farmer is happy because the price is stable and urea is stocked locally.....This will revolutionize chemical distribution for good.
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July 11, 2014, 04:35:28 PM
 #17

FAQ - Frequently Asked Questions
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.

What is URO coin?
Uro is the first cryptocurrency that is backed by a physical commodity Urea (revolutionary), first company to provide this service is GES currently where 1 Tonne of Urea will be exchanged for 1 URO, soon other companies will join in the revolution, its essentially like a bond.

Why use URO coin when we could use bitcoins?

Urea's price is volatile and depends on many factors and so is bitcoin, you cannot peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.

Why not use coloured coins?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement


Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take much btc, and will happen as soon as news of URO coin spreads to importers/exporters

Why would the first company take such a big risk???

The main reason Uro coin is undervalued right now is due to the uncertainty of the product being delivered, only GES knows if they are going to deliver on this order, however when they do, the value of URO coin will become tied Urea, so essentially the risk for the company is zero, because if they deliver the coin goes up in value maybe not instantly but it will go up.

The community will pool resources together to call up all importers/exporters on URO coin and advice them on the advantages of using URO coin, and show them how to buy it from the exchanges, this will eat up the sell orders and spread the coin to the people who are going to use it.


URO can never be tied to value of Urea, people will just crash the market
If dumpers dump the coin as we reach higher values, the market will not crash into nothing, as the coin will always be backed by a physical commodity so the dumpers would have to be stupid to dump below Urea price when 1 Uro = 1 tonne of urea, and the other traders will simply accumulate the coins at the discounted prices, bare in mind, the coin brings a lot of advantage so it might trade above value.

A better analogy for people who still don't understand, imagine if Bob sells 1Kg gold bar tokens/vouchers on an open market worth $10,000 for $5,000 minimum, originally people would be skeptic, but as soon as one person confirms that the token can indeed be exchanged for gold bars, people will rush in to buy the discounted token even if its just 5% cheaper,  so that there is no more left, that's power of something being backed by commodity, which is why most banks used to gold to back the paper notes originally.

The minimum size order for buy urea is 12,500 tonnes why?

These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.


What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea

Whats planned next?
New logo - thread link
Currently the dev is working on bringing us the mobile wallet - picture , Please donate here https://blockchain.info/address/15qx9ug952GWGTNn7Uiv6vode4RcGrRemh so that we can reach the 10 btc needed.

Current articles on URO
Cryptoarticles - Uro is the real deal
Coinsource

Current FUD attempts

Dev is associated Asiacoin scam?
Dev promoted the revived Asiacoin which is not a scam, however it would not have been his fault had he promoted the original asiacoin, we are all only human and cannot predict the future.


Dev is not same person as the one in the pictures
The picture altcoinherald posted makes it looks like its different due to the lightning, however if you look at other pictures, you will see that he is the same person
cryptshine
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July 11, 2014, 04:38:49 PM
 #18

Good idea to start a new 'moderated' thread. The official one was crazy beyond belief.

Perhaps the Dev will get involved again with this one to put minds at rest.


The dev is pretty active on the IRC chat #URO. But do understand that this is a massive undertaking that requires a lot of online and offline co-ordination. I have been following URO from the first week and the dev has clarified a large number of genuine doubts, many of which I myself have had when I heard about uro for the first time. The more informed members would be happy to clarify what we know so the questions that have already been clarified don't require dev's time.

Heres his video from google hangout yesterday,

https://www.youtube.com/watch?v=HsHF0C_gPck

poor guy. He is really trying. We need to support him.


For a lot of the useful discussion points from the unmoderated thread, many of them have been collected here. Feel free to go through them.

urofoundation.wordpress.com

hedgy73
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July 11, 2014, 04:46:38 PM
 #19

Good idea to start a new 'moderated' thread. The official one was crazy beyond belief.

Perhaps the Dev will get involved again with this one to put minds at rest.

The dev is pretty active on the IRC chat #URO. But do understand that this is a massive undertaking that requires a lot of online and offline co-ordination. I have been following URO from the first week and the dev has clarified a large number of genuine doubts, many of which I myself have had when I heard about uro for the first time. The more informed members would be happy to clarify what we know so the questions that have already been clarified don't require dev's time.

Heres his video from google hangout yesterday,

https://www.youtube.com/watch?v=HsHF0C_gPck

poor guy. He is really trying. We need to support him.

For a lot of the useful discussion points from the unmoderated thread, many of them have been collected here. Feel free to go through them.

urofoundation.wordpress.com


Thank you I will have a proper look through when I've got some more time. Its already taken up too much of my 'day off' today...

I understand the Dev and his team are very busy doing things behind the scenes, he looked so stressed out in the video which I skimmed through earlier.

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July 11, 2014, 10:56:18 PM
 #20

Thank you, now I can read a thread with intelligent debate and make a more informed decision. 

“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
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