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

[reader31]

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?

Here's why it makes sense for GES to support URO.

-potential to increase their customer base
-being seen as a ground breaking company and the marketing/value that comes with it.(they are the world's first company to do this)


In return for these potential benefits, they will take on the risk of selling Urea for uro at an initial loss.

Provided they are confident about the strategies and infrastructures that they have put in place to support uro, this risk can be negligible(even though the market might not know it yet).

As uro gains prominence the price will move closer to parity with urea price. Provided the company doesn't have immediate need for cashing out uro. They might be willing to wait years for this to happen.

Also note that they are not putting their entire urea trading operation on uro, but only a small portion of it. So the lost they make on this initially can be offset.

Another interesting thing to note is that the price of uro will not always be trading equal to or less than price of urea. It will be moving up and down, especially when bitcoin experiences significant crash, Uro price will start to trade above the price of urea as uro will temporarily take on the role of safe asset within the cryptoecosystem. For a long term player these would provide ideal opportunities to cash out.

Look up the term 'Loss Leader'

[corather]

The need for a Distributed Urea Exchange

The international Urea market is incredibility inefficient, with very poor liquidity and a complete lack of agreement on pricing. The wholesale price of Urea can vary be as much as 300% between different markets, nations and regions.

Now if we were talking about the trade of designer handbags, this would not be such a big problem, but no, we are talking about 50% of the world's food production being jeopardized by 300% price fluctuations.

This is how they will recoup costs. Some regions it costs more, if they sell one uro for say 20% above base market value, or even 50% above base market value people will flock to their company to buy.

This is business in India, it's much different than most westernized countries where commodity markets help keep the prices in check. it's more ad hoc. Ges is brilliant, they're cutting out the middle men and banks and keeping the system sane.

[numbertech]

Eventually, true value of URO will be known. we just have to patient if you are a investor.

Unofficial Forums for URO @ urocointalk.org

[numbertech]

Tweet it at https://twitter.com/urocointalk

[morten_s]

Uro is the first cryptocurrency to utilize the blockchain as future contracts for a commodity. Innovative indeed. This will bring on the next era in the cryptoworld. Just the kind of potential utilization of cryptography (now the blockchain) Nick Szabo was talking about back in 1995 in this letter (http://cypherpunks.venona.com/date/1995/09/msg01303.html), and Andreas Antonopoulous continually speaks about in interviews. As the blockchain is not a currency per se, but a network of consensus and trust that effectually replaces a previously required law enforcing and contract binding entity (the court). As one form of blockchain utilization, future contracts can potentially fit perfectly. Decentralized and well away from any manipulative/corruptive influences. Cleverly simple. A truly brilliant and innovative initiative, especially when applying it to a market with prevailing volatilities in the extremes.

Like any new groundbreaking idea, it will be heavily antagonized in its infancy. That is the inescapable causatum. But, to quote Arthur Schopenhauer, German philosopher (1788 – 1860):

"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

The world (John Q. Public, not just the cryptoworld) will take notice of these developments. Uro will not be the last initiative to utilize the blockchain in this manner, but it is the first.

I am bullish on agriculture, I am bullish on the value of the blockchain, and I am bullish on Uro, a marvelous coupling.

Morten

PS: Please read this insightful paper, if you haven't already. Obligatory.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270

[FoeRest]

I am working on some videos, hopefully we can get more people on board on understanding what this coin is/ what it does/ why it is good for the alt coin world/ how to get it... etc etc just like a "what is bitcoin" type of video, if you have any suggestions/ideas please feel free to message me, remember I am just a farmer ... I am not the greatest video editor in the world, I never went to school for these types of things, perhaps if you have some background in these types of things and would like to join the community and give the respect this coins deserves message true-asset the dev I am sure when he is not busy he will get back to you, he has responded to all my questions. I bet he would be glad to get you in on helping this community grow, feel free to pm me with ideas and suggestions if you would like or pm true-asset to join the team we could use more supporters in this community.

please note I am in no way related to urocoin or uro, just a farmer that feels this coin is the start of a big change with how we value money and altcoins and prehaps even btc one day, I think satoshi nakamoto would be proud of the start of this chapter for the cryptocoin world.

https://www.youtube.com/watch?v=Hczjo_XzYso
^ test video intro working on editing a few things such as when the logo comes in with the find out more, let me know what you want to see

[Raja_ji]

URO now backed up by:  Milan Bicocca University   doc's release on 14/July

Ferdinando M. Ametrano
Milan Bicocca University - Department of Statistics and Quantitative Methods; QuantLib; Banca IMI - IntesaSanpaolo Group
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270

[AlfaONE]

I think what the Doc. is saying: cryptocurrency if not backed up by a "Commodity" (example the US Dollar was backed up by Gold in the reserve bank) it will start crashing faster.

URO now backed up by:  Milan Bicocca University   doc's release on 14/July

Ferdinando M. Ametrano
Milan Bicocca University - Department of Statistics and Quantitative Methods; QuantLib; Banca IMI - IntesaSanpaolo Group
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270

[solid12345]

LOL

https://twitter.com/mikegeister/status/488893801449406464

[numbertech]

That's Great Info for URO.

LOL

https://twitter.com/mikegeister/status/488893801449406464

[numbertech]

More and more are aware of backed asset is important. That's a GOOD direction.

URO now backed up by:  Milan Bicocca University   doc's release on 14/July

Ferdinando M. Ametrano
Milan Bicocca University - Department of Statistics and Quantitative Methods; QuantLib; Banca IMI - IntesaSanpaolo Group
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270

[Opnsrc]

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?

They already have something like that, It goes by USD.

[guolong9988]

http://URO.pool.pe/



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[stormia]

LOL

https://twitter.com/mikegeister/status/488893801449406464

Love it! Haha

[AlfaONE]

massive buys on

bittrex.com

[AlfaONE]

Great to see Chang Hum is still interested in URO   

[Raja_ji]

Bainimarama is the Prime Minister of FIJI  - maybe UROCOIN can be the next currency of FIJI 

LOL

https://twitter.com/mikegeister/status/488893801449406464

[Conqueror]

OFFICIAL ANNOUNCEMENT FROM THE URO FOUNDATION

Due to an unprecedented increase in fraudulent calls and emails directed at RIVAA, the Uro Foundation announces that the 88 BTC bounty shall be permanently revoked, effective immediately.

RIVAA has informed the Uro Foundation that they will no longer respond to any communications from the public regarding Urocoin. This decision was made due to the disruptive and harassing nature of the previous communications, some of which illegally offered promises of bribery to falsify information regarding Urocoin.

We ask that our members respect the privacy and productivity of RIVAA by ceasing all communications with this company. Any such continued harassment would further tarnish the reputation of the altcoin community.

Can you share some official email coming from RIVAA that reports such actions?
Revoking the 88 BTC bounty is a big thing, atleast provide the community some evidence.

Thanks

Of course they can not....

[Raja_ji]

Logic...is the evidence, I would call who ever to get that 88BTC  LOL  we are dealing with 21yera old boys

You do not need the bounty to find out the truth.

OFFICIAL ANNOUNCEMENT FROM THE URO FOUNDATION

Due to an unprecedented increase in fraudulent calls and emails directed at RIVAA, the Uro Foundation announces that the 88 BTC bounty shall be permanently revoked, effective immediately.

RIVAA has informed the Uro Foundation that they will no longer respond to any communications from the public regarding Urocoin. This decision was made due to the disruptive and harassing nature of the previous communications, some of which illegally offered promises of bribery to falsify information regarding Urocoin.

We ask that our members respect the privacy and productivity of RIVAA by ceasing all communications with this company. Any such continued harassment would further tarnish the reputation of the altcoin community.

Can you share some official email coming from RIVAA that reports such actions?
Revoking the 88 BTC bounty is a big thing, atleast provide the community some evidence.

Thanks

Of course they can not....

[1 1 0 0 1 1 1 0 0 0 1]

Are there any Uro multipools in existence?