[🚀][ANN][Aurum Project] 💠 Xᴀᴜʀᴜᴍ 💠 ▲1 XAUR = 0.000426686186 g gold▲

[GlitterRush]

is this a joke i expect this ico to make 0 btc invest your money in the one true xaucoin https://bitcointalk.org/index.php?topic=974426.0
https://yobit.net/en/trade/XAU/BTC

and also xaurum you are not fooling anyone with your fake buys

[xaucoin]

show all 10,000 x 1g 999.9 physical gold bars and or certification of genuine EU mint vault holding

and Auresco Institute company or registration incorporation next to an Xaurum online wallet please

[**D!ABLO**]

Someone needs to put a stop to this shit.

[xaucoin]

Aurum Project

Aurum is a project of creating a precious crypto, it's goal is the representation, preservation and accumulation of value. A golden blockchain is created, its currency, Xaurum, is coined
as a representative commodity money, 100% backed with gold. Each Xaurum in exchange is backed by 1g certified gold of 999.9 purity and is exchangeable for it by Auresco Institute online globally.
 It is created to perpetually rise in value by continually increasing the gold reserves - for this, some crypto-alchemy is required.

Coinage

Xaurum is coined out of a Proof of Stake blockchain, with starting 0.01% yearly inflation. 10,000 of coins are sold on ICO by Auresco Institute, 10,000 of 1g 999.9 certified gold is bought,
 below EU retail prices. This way 10,000 usable coins, 100% backed by gold are created. 990,000 of the coins will be mineable at our PoS multipool,
making the total of coins in exchange 1,000,000 when all are mined. 90% of the coins will serve as guardian nodes, running on secure severs transparently, and will never enter exchange.
Time required for the acquisition of gold reserves is 2-4 weeks, time needed for shipping 3-7 days.

so imagine they will take the ICO funds to actually buy 10,000 physical 1g gold bars to 'back' 10,000 Xaurum coins supposedly

990,000 Xaurum coins are created on top of the 10,000 so now this 'backed' gold is instantly devalued x10 unless they can buy gold at 10 times lower than the retail spot price
 

[Aurum Project]

ICO on C-CEX:

https://c-cex.com/?p=xau-usd

https://c-cex.com/?p=xau-btc


ICO will sell 10,000 XAU in one month . Half will be sold in crypto-economy on c-cex and half in regular economy at Auresco Institute. XAU not sold will be added to the remaining 990,000 XAU for mining. All XAU in exchange will be fully backed by gold.

When ICO is over, gold will be bought and stored. Auresco Institute takes 5% rebate on gold purchases.

[Ghepetto]

" - 9,000,000 XAU in guardian nodes "           


please explain this

[xaucoin]

ICO on C-CEX:

https://c-cex.com/?p=xau-usd

https://c-cex.com/?p=xau-btc


ICO will sell 10,000 XAU in one month . Half will be sold in crypto-economy on c-cex and half in regular economy at Auresco Institute. XAU not sold will be added to the remaining 990,000 XAU for mining. All XAU in exchange will be fully backed by gold.

When ICO is over, gold will be bought and stored. Auresco Institute takes 5% rebate on gold purchases.

What is the physical registered address of  Auresco Institute please

http://www.eugo.gov.si/en/starting/business-registration/institute/  <<<<<<<<<<

Where are your Articles of Association found   I cannot find Auresco Institute  in the Offical Companies Register

Auresco Institute

Auresco Institute is a non-govement, non-profit, financial institution, serving as a legal entity. Based in Slovenia, EU, it serves as a crypto-guild, counting all holders of Xaurum as its members,
 capable of participation and cooperation. Auresco Institute's duty is the development and maintainance of Aurum project, it is funded by maximum of 5% rebate on gold purchases.
 It preserves the blockchain by running the guardian nodes, its value by securing the gold reserves and running the website aurumproject.io where it will be exchanging XAU for its worth in gold,
according to the gold reserves. This exchange will be accessible as "melting" on the website, gold will be shipped globally.
Cooperation and participation will be organized on freenode #aurumproject, announcements will be posted on twitter @urumproject. All actions will be as transparent as possible.

[Aurum Project]

" - 9,000,000 XAU in guardian nodes "            


please explain this

Centralized blockchain nodes that collect fees and stakes. They add collcted profit to the gold reserves, creating a flat increase of value of all coins in exchange (that can always be exchanged for gold). Guaridan nodes never enter exchange and are kept by Auresco Institute, if we can, we'll develop a software way to separate staking coins from normal ones. But for now, our reasoning is, that if you trust us with the gold, you can trust us with preserving the blockchain (especially if you profit directly from it).

[xaucoin]

" - 9,000,000 XAU in guardian nodes "            


please explain this

Centralized blockchain nodes that collect fees and stakes. They add collcted profit to the gold reserves, creating a flat increase of value of all coins in exchange (that can always be exchanged for gold). Guaridan nodes never enter exchange and are kept by Auresco Institute, if we can, we'll develop a software way to separate staking coins from normal ones. But for now, our reasoning is, that if you trust us with the gold, you can trust us with preserving the blockchain (especially if you profit directly from it).

So you propose centralized ownership of your customers gold and centralized control and ownership of block chain technology that must be fully decentralized and in the ownership of individuals to work properly.

 

and you want people to buy shares in a company Institute that no one can currently find any public knowledge of existing  unless you demonstrate otherwise by presenting certificates from the Official Companies Register

we already know that you propose to buy gold with the ICO funds  so their is not point asking to see that

[Aurum Project]

What is the physical registered address of  Auresco Institute please

http://www.eugo.gov.si/en/starting/business-registration/institute/  <<<<<<<<<<

Where are your Articles of Association found   I cannot find Auresco Institute  in the Offical Companies Register

Eugo.gov.si is a new portal, on: http://www.eugo.gov.si/en/about-the-portal/ it states: "The website will be developed and enhanced in the future (through to 2015), "

Our physical registered adress is: Spodnje Gameljne 29D, Ljubljana, Slovenia  

http://www.itis.si/zemljevid/X=461907&Y=108915&n=AURESCO,%20ZAVOD%20ZA%20NALO%C5%BDBENO%20DEJAVNOST%20Z%20UPORABO%20INTERNETNE%20IN%20KRIPTO%20TEHNOLOGIJE,%20SPODNJE%20GAMELJNE&a=Spodnje%20Gameljne%2029%20D,%20Spodnje%20Gameljne&p=&t=&r=0,834133752544473&pid=7158379

[YoBit]

XAU is already used by Xaucoin: https://bitcointalk.org/index.php?topic=974426.0

Be careful, maybe a lot of confusion and incorrect payments.

[xaucoin]

XAU is already used by Xaucoin: https://bitcointalk.org/index.php?topic=974426.0

Be careful, maybe a lot of confusion and incorrect payments.

yes

although going from the screen shot of the wallet  which is all that exists of  Xaurum wallet currently

they have address starting with a capital  X

xaucoin addresses start with a 1

maybe they can use XAUG or something

[xaucoin]

Investing or speculating in crypto currency is one thing

buying physical goods or services with crypto currency is another


If you own BTC and would prefer to own actual gold then my advice would be to actually buy yourself physical gold and to own it yourself

 
good luck with your Xaurum project
 

[Aurum Project]

So you propose centralized ownership of your customers gold and centralized control and ownership of block chain technology that must be fully decentralized to work properly.

 

No, we propose that we do parts that require centralization transparently (PoW centralizes profits and centralizes mining, PoS&PoW centralize the blockchain with checkpoints) and in a way that benefits all included (decentralization of profits). We propose a centralized storage of gold and a semi-centralized proof-of-stake to preserve value, this is our main function and concern, Xaurum is not intended as a fully decentralized currency. Our customers are always in charge of their private keys, as in any other crypto, and aren't in charge of the whole network, as in any other crypto.


I'm sorry you made the same ticker as we did, but I'm not, because you did it on purpose. After you've seen our ANN you created your own, to confuse people into buying, after all you are promoting a coin with the same functions. Lucky for us, your words are empty. This makes you either a liar or a fool.

You claim your coin is a | 1) Rare Commodity | 2) Gold Asset | 3) Store of Value. It is none of these things.

1) Rare commodities are naturally scarce, cryptocurrencies are synthetically scarce, this makes them scarce as a token inside a network and infinitely copyable as the whole netowork.
2) No.
3) As in any other crypto, volatility prevents the currency to function as a store of value. We are creating Xaurum to solve this problem.

[xaucoin]

So you propose centralized ownership of your customers gold and centralized control and ownership of block chain technology that must be fully decentralized to work properly.

 

No, we propose that we do parts that require centralization transparently (PoW centralizes profits and centralizes mining, PoS&PoW centralize the blockchain with checkpoints) and in a way that benefits all included (decentralization of profits). We propose a centralized storage of gold and a semi-centralized proof-of-stake to preserve value, this is our main function and concern, Xaurum is not intended as a fully decentralized currency. Our customers are always in charge of their private keys, as in any other crypto, and aren't in charge of the whole network, as in any other crypto.


I'm sorry you made the same ticker as we did, but I'm not, because you did it on purpose. After you've seen our ANN you created your own, to confuse people into buying, after all you are promoting a coin with the same functions. Lucky for us, your words are empty. This makes you either a liar or a fool.

You claim your coin is a | 1) Rare Commodity | 2) Gold Asset | 3) Store of Value. It is none of these things.

1) Rare commodities are naturally scarce, cryptocurrencies are synthetically scarce, this makes them scarce as a token inside a network and infinitely copyable as the whole netowork.
2) No.
3) As in any other crypto, volatility prevents the currency to function as a store of value. We are creating Xaurum to solve this problem.

Im neither a liar nor a fool

anyone can just link an address on a map  without presenting official documentation Auresco Institute does not exist

You cant make an apology and take it back in the same sentence


xaucoin is a Rare Digital Commodity

xaucoin is a Gold-like Asset

xaucoin is a Store of Value crypto currency

xaucoin has 2.1 Million Total Coin Base (Approx)  |  10 x More Rare than Bitcoin  |  PoW SHA-256  |  Bitcoin Based Economic Model

[Aurum Project]

anyone can just link an address on a map 

Here.

[Ghepetto]

" - 9,000,000 XAU in guardian nodes "            


please explain this

Centralized blockchain nodes that collect fees and stakes. They add collcted profit to the gold reserves, creating a flat increase of value of all coins in exchange (that can always be exchanged for gold). Guaridan nodes never enter exchange and are kept by Auresco Institute, if we can, we'll develop a software way to separate staking coins from normal ones. But for now, our reasoning is, that if you trust us with the gold, you can trust us with preserving the blockchain (especially if you profit directly from it).

So 90% of all coins,  90% of all the transaction fees and 90% of the stake will be collected by centralized blockchain nodes?    

and

If these nodes collect fees and stakes which increase the coin supply with a fixed gold supply the value of all coins decrease.  Or are you saying the collected coins will be sold on the market to generate fiat to increase gold reserves?

[McKnight]

ICO information

https://www.youtube.com/watch?v=cIasr2AiyZ0

[Aurum Project]

If these nodes collect fees and stakes which increase the coin supply with a fixed gold supply the value of all coins decrease.  Or are you saying the collected fees/coins will be sold on the market to generate fiat to increase gold reserves?

Collected fees are already backed and will be sold on the market, with this more gold will be added to the reserves. New coins on market produced by users staking will be backed yearly by Auresco (Its a very small ammount, maximum of 10% out of the 0.001% yearly inflation, if all users stake). If we manage to create guaridan nodes as a different kind, they will be exempt from fees, meanwhile their movement cost will be covered by Auresco.

All use of coins and all inflation is transformed into value. An increase in supply means an increase of gold-reserves.

[Battareus]

I got my coins!

Looking forward to this!!

https://www.youtube.com/watch?v=cIasr2AiyZ0&t=20