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Uro Videos: https://www.youtube.com/channel/UCAe9vivW1EO7FpHFQSxPIxg/videos
Uro in the Press: Coindesk: http://goo.gl/TpMPp0
http://cointelegraph.com/news/112355/over-the-next-5-years-the-demand-for-uro-will-far-outstrip-the-total-supply-bohan-huang-urocoin
http://www.coindesk.com/starcraft-urocoin-mining-pool-prohibition/
http://www.cryptoarticles.com/crypto-news/uro-interview-with-bohan-huang-32-questions-from-the-community
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#Nuro Mobile wallet: https://play.google.com/store/apps/details?id=io.uro.nurolegacy

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Author Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea  (Read 221225 times)
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solid12345
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July 14, 2014, 03:52:32 PM
 #301

http://www.maxkeiser.com/2014/07/more-and-more-people-getting-interested-in-uro/

Even Max is on board, everyone is naive apparently, Prypto, Max Keiser, Blockcypher, Cryptsy...only the trolls like KryptoSenseiMaster who delete their posts and cut and run know the truth.
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July 14, 2014, 04:32:04 PM
 #302

http://www.maxkeiser.com/2014/07/more-and-more-people-getting-interested-in-uro/

Even Max is on board, everyone is naive apparently, Prypto, Max Keiser, Blockcypher, Cryptsy...only the trolls like KryptoSenseiMaster who delete their posts and cut and run know the truth.


I'm not surprised. Exciting the to see the next few months as the news of URO spreads.

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July 14, 2014, 04:40:59 PM
 #303

THINK people.......

Rivaa is a REAL company, there is obviously no question about that. Here is their website: http://www.rivaa.in/

People have called and CONFIRMED with Rivaa that they did indeed place an order for 12,500 tons of urea using URO. Now keep in mind, if Rivaa had not bought urea using URO, then don't you think they would have used Google to find this forum and posted something like: "We have been receiving phone calls and emails about something called URO. We have no idea what this is and have nothing to do with URO. Please inform people of this so they will leave us alone"

Or something like that.

Has Rivaa said anything like that? Have they come forward and told the public that they did NOT buy urea using URO?

Answer: NO

Why? Because they DID purchase urea using URO. In fact, as I said, this has been confirmed by several people who actually called the company and asked for themselves.

So let's think for a minute what this means.....

Hmmm.........what could that mean.....

Hmmmm.........

Oh wait......

I got it..... it means URO must be the REAL DEAL FOLKS

USE YOUR BRAINS!!

How can URO possibly be a scam if Rivaa really did purchase URO with urea? HOW?HuhHuh? (answer: it can't)
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July 14, 2014, 04:54:59 PM
 #304



How can URO possibly be a scam if Rivaa really did purchase URO with urea? HOW?HuhHuh? (answer: it can't)

We'll they'll just say the emails were faked...even though the odds of the guy faking it knowing the name of a lowly level Rivaa employee whose name is only mentioned in a March 2011 snapshot of the Rivaa website. Of course ANYTHING is possible but really when all of this evidence piles up it becomes absurd to disbelieve.
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July 14, 2014, 05:05:53 PM
 #305

exactly....it's just a matter of weighing the evidence. When I started looking into URO I quickly became convinced that it was the real deal and at one point I went all in.

Then after a few days of reading, I came to the conclusion that URO was an elaborate scam and I sold nearly all my URO.

But I kept reading......

Long story short, this morning I bought back a ton of URO because I now believe in URO even more than I did when I started with URO (although I am no longer all in.....going all in is stupid with ANY coin)

So my opinion is that URO is the real deal. Obviously everyone needs to come to their own conclusions, but from my experience the more you read the more URO you will buy.

Obviously I can't say whether URO will absolutely go up to match the price of 1 ton of urea, but I can say that I am VERY confident that we are not being scammed.


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July 14, 2014, 05:24:26 PM
 #306

The only real scam i see is in our minds already. We're scammed to fear the change, resent our best motives and stay in the rotten system.
It is the greatest scam in all the history, it seems to me, to make a man a willing slave. Yet that obvious FUD is so easily sold.

"If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be." - Thomas Jefferson

Do your own research in everything.

"Any fool can criticize, condemn and complain."
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July 14, 2014, 05:57:55 PM
 #307

URO is legit. There are already dozens of proof to prove that.

The only thing that's holding this back are the accusations made by greedy scammers who only want to score some cheap coins so they could sell back at over 500% ROI.
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July 14, 2014, 08:07:43 PM
 #308

if i were to order 12500 tons of uro now , when would it be delivered ?
i think i read that there already was a purchase is it possible to get pictures of that (urea being packaged , shipped etc)
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July 14, 2014, 08:17:26 PM
 #309

if i were to order 12500 tons of uro now , when would it be delivered ?
i think i read that there already was a purchase is it possible to get pictures of that (urea being packaged , shipped etc)
Please make a little effort to read the uro protocol and another important stuff in the OP and the blog. Trust me it will be good after you have read everything.
Thanks

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July 14, 2014, 08:38:10 PM
 #310

so the protocoll comes into effect at august 9 (article 6. 1.) and the latest date the on which the urea will arrive at its destination is 1,5 months after that (article 03 delivery terms)
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July 14, 2014, 08:51:34 PM
 #311

so the protocoll comes into effect at august 9 (article 6. 1.) and the latest date the on which the urea will arrive at its destination is 1,5 months after that (article 03 delivery terms)
it came into effect on July 9th and yes 30-60days after order is placed- see i hope you feel better after reading the important stuff and found your answers aswell Smiley
thanks for your understanding.

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July 14, 2014, 09:26:33 PM
 #312

uro/btc bittrex charts

https://bitcoinwisdom.com/markets/bittrex/urobtc

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July 14, 2014, 10:12:34 PM
 #313

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

They bought 12500 metric tons for 12,500 URO not $60,000. How much they paid for the URO is irrelevant. Eventually when the company that sells the urea for URO has the majority of the URO it then sells it back at market prices to the buyers of urea.

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July 14, 2014, 10:24:53 PM
 #314

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

There are many theories and this is one of them http://pastebin.com/ZC0QcEBk

Hope it solves or sheds some light on your mystery.

Thanks

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July 14, 2014, 11:00:08 PM
 #315

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

They bought 12500 metric tons for 12,500 URO not $60,000. How much they paid for the URO is irrelevant. Eventually when the company that sells the urea for URO has the majority of the URO it then sells it back at market prices to the buyers of urea.
How much someone paid for the URO is relevant because they just gave them $3 million worth of UREA. It doesn't matter what price they sell the URO back at because they will have to give away another $3million worth of UREA.

Okay, point taken. I gave it some heavy thought and I think I've concluded ges wlll make up the difference in the spread, that is sell the uro back on the market for slightly more than market prices. That way both parties still avoid bank charges and ges recoups the initial costs. Not to mention fraud.

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July 14, 2014, 11:04:44 PM
 #316

POOLS?

"Together we stand for a fairness and truth"
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July 14, 2014, 11:16:28 PM
 #317

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

They bought 12500 metric tons for 12,500 URO not $60,000. How much they paid for the URO is irrelevant. Eventually when the company that sells the urea for URO has the majority of the URO it then sells it back at market prices to the buyers of urea.
How much someone paid for the URO is relevant because they just gave them $3 million worth of UREA. It doesn't matter what price they sell the URO back at because they will have to give away another $3million worth of UREA.
Yes, and then the wholesaler sell the uro back to market again, always "one step in front", until the farmer decides to buy from another wholesaler that adopted uro.
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July 14, 2014, 11:17:37 PM
 #318


Ok but it still doesnt seem like enough. They will still have to suffer the losses from however much URO is bought up before it reaches the FIAT/UREA price and the only amount of 'profit' being made would be however much they dont have to pay in banking fees, which the article says is paid by the importers anyways. They are also still going to have to sell the BTC they receive, and pay the banking fees when they buy more UREA.
The OP also talks about how much it hurts the small farmers but they have a minimum order of 12 500 mts.
Since it seems like the only benefit is the banking fees, why didnt they just do a 100% premine and offer to sell and rebuy the coin from their website in exchange for the UREA at a fixed price?

Uro should, over time, help stabilize the price of urea, which is highly volatile.

And if it doesn't stabilize the overall market, it still lets the participants stabilize their own prices.  They can determine when to buy or sell uro, and do so in a way that's advantageous to them. 


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July 14, 2014, 11:42:34 PM
 #319

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

They bought 12500 metric tons for 12,500 URO not $60,000. How much they paid for the URO is irrelevant. Eventually when the company that sells the urea for URO has the majority of the URO it then sells it back at market prices to the buyers of urea.
How much someone paid for the URO is relevant because they just gave them $3 million worth of UREA. It doesn't matter what price they sell the URO back at because they will have to give away another $3million worth of UREA.
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Okay, point taken. I gave it some heavy thought and I think I've concluded ges wlll make up the difference in the spread, that is sell the uro back on the market for slightly more than market prices. That way both parties still avoid bank charges and ges recoups the initial costs. Not to mention fraud.


it depends upon economy of scale...as long as they have sufficient cash flow form other customers to pay the fiat bills, they can effectively create a closed economy wherein they control all of the uro available, by keeping it in circulation amongst themselves. The only coins available on the market would be the new coins mined at the rate of 1 per block.. competition among miners would be fierce, keeping the hashrate high to maintain the network. Once they control the entire supply, it will be worth exactly what they are willing to pay for it on the market, as it is specific to their industry and their contracts. if they offer, say, 10-15% below the current market price of urea, that is a tremendous boost in margins for them. (and right now the miners are selling it for a buck and a half a coin). Like Bitcoin, those who buy cheap and hold for a year or more will see huge profits. I think with all the controversy, the big investors will wait and see until it's too late for them to grab millions worth of this coin. IF these companies are big enough to pull it off. Anyone got insight into financial statements from Rivaa? I don't know reporting requirements for India, but if they have gross revenues in the 100m USD range, we can be fairly sure the others would also be big enough to pull it off. They wouldn't need scab companies to do this. In essence, they're buying hashrate. Once they control the majority of the coins, they become the de facto "centralized exchange". It's a little complicated, and would fill a book to explain all of the factors involved, but in a year,or two, they will control the entire coin supply. it's worth many millions per year to them after that, unless many other businesses begin accepting uro in payment, at which point it becomes .....a Privately held "fiat currency". which is still worth big money to them on transaction fee savings. These guys aren't meeting in alleys with suitcases full of rupees. This will create business opportunities for people to order tonnes of urea at a fraction of the cost, and retail it a t a huge profit- but only for a short while. That's the area where there might be scams, but the coin itself is legit, I think.
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July 14, 2014, 11:59:54 PM
 #320

My understanding for URO in the market place is,   to reduce the Banking charges and fees and time delays that bank takes to issue the LC.  According to 1 report by GES it was saving them around 100K plus on each transaction.  

So what does GES do with the URO that has a current value of $4? it holds the URO (5yr plan"NEIR report") and builds confidence in the URO structure until it meets the market value, then sells or does whet most of the other "bigger" companies do, locks it in the bank and barrows 10X against it's current value of $300=1 URO....

URO actually makes these international companies look good ("world first", "helping farmers" "funding schools" ..."), they use it as there marketing tool "helping farmers in third world countries" most Gov. love all this and hence GES gets more tenders...Although it seems like GES is losing $3Million on every transaction, the  Fact surrounding these "Fat boys" is actually, they make 20-30Million on every contract and with URO they are getting more contracts and tenders..."GES Pakistan office most active when URO hits the Markets"

I really do not think companies like GES care much about losing 3Million now and getting 30Million within 5years.  It is great for us as we know 1URO will hit $300  Smiley




Ok but it still doesnt seem like enough. They will still have to suffer the losses from however much URO is bought up before it reaches the FIAT/UREA price and the only amount of 'profit' being made would be however much they dont have to pay in banking fees, which the article says is paid by the importers anyways. They are also still going to have to sell the BTC they receive, and pay the banking fees when they buy more UREA.
The OP also talks about how much it hurts the small farmers but they have a minimum order of 12 500 mts.
Since it seems like the only benefit is the banking fees, why didnt they just do a 100% premine and offer to sell and rebuy the coin from their website in exchange for the UREA at a fixed price?

Uro should, over time, help stabilize the price of urea, which is highly volatile.

And if it doesn't stabilize the overall market, it still lets the participants stabilize their own prices.  They can determine when to buy or sell uro, and do so in a way that's advantageous to them. 




How will it help stabilize the market? The people involved cannot afford to sell URO at a lower rate than the FIAT/UREA otherwise someone will just constantly be profiting off of them.
It will only ever be advantageous to the people buying 12 500 URO at a time which means the companies involved with this will just be constantly losing money.
It wouldnt make sense to buy URO in the hopes that the price of UREA will go up unless you want to day trade fertilizer.

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