[Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea

[hobopete]

What's the future of this coin? Why is its price stagnant at best?

nobody is asking the right questions here. Any other coin with this much money pouring into it would see a price rise based on market cap. Due to all the worry and fud, every coin being mined is selling almost exactly at market cap value. This is why the price is static, as new coins are minted they are immediately bought at the current price, so the market cap remains at the exact same percentage based upon the number of coins in existence.
I'm going to address something bryce wiener said in his article here. he stated that GES would be left with a 7 million dollar hole in it's books, just from the 1st shipment, and the longer the price takes to reach parity, the bigger this "black hole" gets.. This is not quite true. This is a variable in the equation. let me start by stating that GES is invested for approximately 3 million USD. I'm going to show you how this is a self- fulfilling prophecy. everyone is assuming that the strategy is to pump up the price, then sell the coins on the market to recover the money in fiat. It's not that simple. With 1 million coins in 6 months, you are thinking that GES could lose 300 million usd, and they don't have that kind of backing. In truth, however, all they are doing is deferring receivables for 6 months.  If the price does not reach parity on the trading market, Uro Foundation will hold all of the coins. They have already sold contracts equal to 20% of the minted coins, to be paid in Urocoin.  when the million is mined out, the entities under contract will then only be able to obtain Uro to fulfill their contract by buying it from the Uro Foundation. The buyers will pay market price because it still saves them bank fees. The foundation has already announced the intent to be their own exchange, in the Uro Protocol. what they've put together here is a high powered sales team. if you research these people, the common thread is they all come from sales backgrounds. They are selling the coin to the niche market. They are signing contracts which assure a future income stream, with room for growth. The contracts are very important, because the purchaser is bound to pay with urocoin. If the only way they can get enough Uro to meet the contract terms is to buy from the foundation, they will have to pay what is asked.  The timing is key here.  it doesn't matter whether the price reaches parity here or not. 1 Uro IS one metric ton of Urea to the companies who have signed the contracts. So I see 2 scenarios here.
1. You mine the Uro and sell them for an average price, including pumps, of 3 USD. ! million coins equal 3 million usd exposure.
2. The 1st shipment arrives and price reaches parity, but the buyer purchased cheap Uro. 1 shipment equals 3 million USD. (all shipments after that are paid for by reselling the coins from the first purchase.)
THE PRICE OF THIS COIN ON THE MARKET SHOULD BE ARRIVED AT BY THIS EQUATION (conservatively) (price of one million metric tonnes Urea@ CMV x % of coins sold divided by number of coins in existence= value per coin.)
It would look something like this
 287,000,000 x .20 = 57,400,000 divided by 451,812 = 127.04 per coin true market value as of now.

[deephouse]

#Urocoin is growing up and restructuring to more transparent decision making processes. Join in at: https://twitter.com/UroFoundation/status/495429758419599361

Please let all other know and pass on the link. Very important decisions will be made via this new process and we want as many involved as possible.

The crypto-currency technology and social movement's underpinnings began with the concept of network consensus via mass participation, and its time we reach back to the roots of Bitcoin's success as we take the Uro project to the next level.

This is truly remarkable. Planning to attend this.

[jasemoney]

hobopete, thats speculation at best, how can you saw its worth 127 now, because mined coins are in miner or trader hands and dilute the value  of those bought for the purpose of being transfered to a NEIR for urea?  I love your anti fud campaign and think your great but we need to move away from speculation back to facts.  Fact is urea is ~300, and URO is ~ 2.50.  as none of us reading this today right now are likely to be the end users of this coin, there is no need to fear its low price.  everyone who is still a participant at this stage believes in the project.  as such anyone with spare time, skills and brainpower has been invited by true-asset to become part of the decision making process.  by setting some static weekly video meetings and some open source project management it will be easy to see where the community can help true-asset to move this thing forward, more uro>urea purchases, more neirs, better wallets, higher security, and transparency. its an exciting time.

[codmaster]

URO is on here




http://www.btc38.com/altcoin/uro/

[Splatters]

never seen so low volume on bittex! only 40BTC, what's going on? where's the huge rise we are waiting for, and btw, if it's going to happen why nobody is buying URO?
Many people don't believe the UREA:URO value.
why?

[corather]

never seen so low volume on bittex! only 40BTC, what's going on? where's the huge rise we are waiting for, and btw, if it's going to happen why nobody is buying URO?
Many people don't believe the UREA:URO value.
why?

Look at the buys. It's still around $12k a day, there's just not much selling going on.

The network hash rate is back up to 75k also.

[codmaster]

never seen so low volume on bittex! only 40BTC, what's going on? where's the huge rise we are waiting for, and btw, if it's going to happen why nobody is buying URO?
Many people don't believe the UREA:URO value.
why?

people are waiting, uro is long term and price has been stable around this price, so people are probably playing with there btc on other coins to earn more btc, to buy more uro

[JosephCorso]

never seen so low volume on bittex! only 40BTC, what's going on? where's the huge rise we are waiting for, and btw, if it's going to happen why nobody is buying URO?
Many people don't believe the UREA:URO value.
why?

It has something to do with Bittrex Azure maintenance ...

[HappyHogan]

What's the future of this coin? Why is its price stagnant at best?

Because this is a stupid coin that no one wants

[corather]

What's the future of this coin? Why is its price stagnant at best?

Because this is a stupid coin that no one wants

Simple economics. The coin only has true value to those in the industry. It will only gain parity once the majority of the tokens are owned by the real buyers and sellers of urea.

tl;dr HODL.

[g0re79]

What's the future of this coin? Why is its price stagnant at best?

Because this is a stupid coin that no one wants

There have to be someone who pays You for FUDing, otherwise I can´t see a reason why are You wasting Your time. Unless You are low life sociopath.

[Hodor_keeper_of_the_light]

http://www.coindesk.com/starcraft-urocoin-mining-pool-prohibition/

[sdersdf2]

What's the future of this coin? Why is its price stagnant at best?

Because this is a stupid coin that no one wants

There have to be someone who pays You for FUDing, otherwise I can´t see a reason why are You wasting Your time. Unless You are low life sociopath.

Just looking for coins on the way up or recovering back up. If there's soemthing keeping this coin depressed, I'd just like to know what it is.

[g0re79]

What's the future of this coin? Why is its price stagnant at best?

Because this is a stupid coin that no one wants

There have to be someone who pays You for FUDing, otherwise I can´t see a reason why are You wasting Your time. Unless You are low life sociopath.

Just looking for coins on the way up or recovering back up. If there's soemthing keeping this coin depressed, I'd just like to know what it is.

Nothing big, just few FUDsters with no arguments, one of them even prooved to have several BTC accounts to talk to himself. This coin may be right for You.

[elkrisi]

For two days now I've been watching this interesting patterns in bittrex: every time there is an upward swing it is immediately followed by sells that bring the price back down, as if sellers don't like to have prices going up!

At point (A) buys of 0.85BTC bring the price up to 0.0038 only to be followed by sells of 0.2BTC bringing the price down to 0.0036.
At point (B) buys of 2.63BTC bring the price up to 0.00375 only to be followed by sells of 0.9BTC bring price back down.
It keeps on and on. Another such swing just at the time of writing of this post...

The volumes are low, as if no body is interested in buying even at these prices.

Seems to me people are more keen in keeping prices down to 0.0036-35 level than buying at those prices.

Or is it that strong hands hold on to UROs and only freshly mined coins are put out to sell.

Ideas anyone?

[wyospl]

Are there any paper wallets or cold storage for URO?

[Splatters]

for me the situation isn't good as someone want to make it seems.
Are the supply started?

[g0re79]

For two days now I've been watching this interesting patterns in bittrex: every time there is an upward swing it is immediately followed by sells that bring the price back down, as if sellers don't like to have prices going up!

At point (A) buys of 0.85BTC bring the price up to 0.0038 only to be followed by sells of 0.2BTC bringing the price down to 0.0036.
At point (B) buys of 2.63BTC bring the price up to 0.00375 only to be followed by sells of 0.9BTC bring price back down.
It keeps on and on. Another such swing just at the time of writing of this post...

The volumes are low, as if no body is interested in buying even at these prices.

Seems to me people are more keen in keeping prices down to 0.0036-35 level than buying at those prices.

Or is it that strong hands hold on to UROs and only freshly mined coins are put out to sell.

Ideas anyone?

Look at the market depth - no one wants to sell, everyone wants cheap coins and these orders are fulfilled with freshly mined and dumped coins. I am OK with that, because it means that there are lot of strong hands.

[noucome008]

fcking price , uro is a scam right ? as we can see in the price ?

[Crypto_Enthusiast]

^ If you think so, then what are you doing here? ^