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Author Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea  (Read 215496 times)
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AlfaONE
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July 15, 2014, 12:22:44 AM
 #321

everything is possible, I guess.  It would be nice to get some clear answers, directly from the horses mouth


This is just speculation, a random theory, but has anyone ever considered that GES is just bullish on BTC's future, and this is a clever industry & marketing tool that facilitates business and helps them build a BTC bankroll without FIAT->BTC transactions directly on the books? It drives business, is great marketing (innovative new tech), and possibly (I'm no international finance expert) helps them obfuscate or avoid capital gains on BTC in the coming years?

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July 15, 2014, 12:59:50 AM
 #322

Yes this makes more sense for international companies. Its all about the image "Uro to help farmers" just by putting this on there marketing materials, they will increase there chances by 100% in getting tenders and contracts. In India they love the fact international companies are helping Indian Farmers.  yes I see that urocoin getting a lot of support from commodity based traders, why not? everyone wins. The buyer pays very little, the farmers saves on the cost of urea, Urocoin goes up in value, GES gets it millions from bank loans.

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.

Jaago Bharat....
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July 15, 2014, 01:37:50 AM
 #323

Ok be warned... you might want to put on your tinfoil hat before reading any further. I'd also like to preface this with that I am in fact a URO bag holder and this is not fud...

This is my for fun but slightly serious URO conspiracy theory. I think it is the US governments entry into the big boy crypto game.

1. The name URO...what can URO stand for, a quick google and you'll see one of the abbreviations is User Readout. For instance:

http://www.epg.army.mil/jointtools.aspx
"User Read-Out (URO) Data Collection simulates the URO device connected to the Enhance Position Location Reporting System (EPLRS) to input subnet assignment characteristics and send indirect communications routed through the Network Control System or direct communications over a previously established local sub network."

Ok ok but thats a word used by computer people everywhere blah blah. The gov loves using code names with double meaning and I just think its interesting that the whole premise of URO could just be purely for user readout and easier tracking and hacking access to a wide variety of crypto users all around the world.

2.So I think the gov is using URO to track and get information about people using crypto currency. They weren't able to control BTC so this is their attempt into the space. I think it is in fact a scam being run by the CIA/NSA. Perhaps they've installed backdoors into the network or who knows what, but we do know there tech is always at least a decade ahead of the public and that the NSA's abilities basically know no bounds. They can use the URO network for monitoring/hacking and then easily be the biggest whale in the market and cash it all out to some CIA black ops fund when they're done.

3. Think about how sketchy and flimsy all the connections are with the GES business, offices, and where they're supposedly selling the UREA. It is not hard to fathom that this would be an easy show for the CIA/NSA to put on. Using their tech and backdoors to make new websites look like they've been around for years. Using their agents and connections to pay off or force a couple people in India/pakistan wherever to get involved.

4. Now think about the trolls releasing FUD 24/7 early on that were most certainly paid. We already know the gov uses shills like this all the time on social media and sites like reddit to manipulate public opinion. Perhaps it was so they themselves could buy up all the coins cheap, or maybe it was to just make this whole thing more believable. I don't know why but I do know it makes sense they'd be gov trolls cause I don't see other companies interested or informed enough day 1 to be doing that.

5. Then there the exact opposites of trolls who seem to be constantly going out of their way to disprove this is a scam and connect all the flimsy dots. These guys have an answer for everything
5.Ok then there is the dev....oh but he came out in public you say and seems so legit! Ok sure but he very well could be someone entirely different. Not that crazy to think the CIA has some highly trained agents working overseas who specialize in computers and network attacks and knows how to be manipulative. Would be very easy to pull this all off if he had CIA funding and background support.

To be honest I have no f-ing idea why they're doing it, this is all pure speculation obviously. But for me its one of the only ways this whole thing adds up. It just stinks too much like shit to be real with how sketchy it all is, yet at the same time there is obviously some solid coordination that came together to put this thing together and make it legit. 

Thoughts?
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July 15, 2014, 01:54:26 AM
 #324

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'







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July 15, 2014, 02:11:25 AM
 #325

Quote
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.

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July 15, 2014, 02:13:36 AM
 #326

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

Unofficial Forums for URO @ urocointalk.org
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July 15, 2014, 02:26:08 AM
 #327

Tweet it at https://twitter.com/urocointalk
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July 15, 2014, 03:13:10 AM
 #328

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
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July 15, 2014, 03:35:36 AM
 #329

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
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July 15, 2014, 03:45:53 AM
 #330

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

Jaago Bharat....
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July 15, 2014, 03:50:45 AM
 #331


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

"Together we stand for a fairness and truth"
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July 15, 2014, 03:58:05 AM
 #332

LOL

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

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July 15, 2014, 04:11:01 AM
 #333

That's Great Info for URO.


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July 15, 2014, 04:12:11 AM
 #334

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
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July 15, 2014, 04:52:31 AM
 #335


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.

(>")> ---||--- <("<)
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July 15, 2014, 05:04:51 AM
 #336

http://URO.pool.pe/



Reward System: Full Stratum/Vardiff system with PROP
Server Location: China/America
Pro Hardware: Connections: 10 gigabit network hypervisor/storage. Direct connection to AIMX, MSX
Storage: Fast ZFS based environment with SSD cache and 32 disks.
CPU: Xeon 64bit / 16 powerful CPU cores
Ram: 128 GB RAM.

Security:
Two different geo-locations Hot wallets (primary and instant back-up).
Offline secured cold Wallet.
Automated back-ups and warning system for operators.
Ddos protecion.


Welcome friends to join our team!



Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley
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July 15, 2014, 05:10:01 AM
 #337


Love it! Haha
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July 15, 2014, 06:01:32 AM
 #338

massive buys on

bittrex.com

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July 15, 2014, 06:04:53 AM
 #339

Great to see Chang Hum is still interested in URO   Smiley

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July 15, 2014, 06:17:09 AM
 #340

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



Jaago Bharat....
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