You still didn't answered for my question: why should anyone trust you (or your company) ?
So your plan is:
1. People gives you money
2. You buy gold and keeps that gold
3. You give coins to people who give you money for gold
That simply can't work ... Cause your company means nothing and has no trust nor warranties.
Personally i wouldn't buy even paper gold from bank cause i dont trust them not even to mention small company cause its just crazy.
One big miner could attack your weak network and mess up the chain ... What would you do then ? Keep the gold and put on website : " maintance mode " ?
Honestly, if you don't see why this project failed none can help you. This project is wrong at its basis.
Topic: [ANN]█▅ AurumCoin AU ▅█ Welcome to Aurumcoin(AU) Project █▅ 2014-2017 ▅█ - page 5. (Read 89720 times)
December 03, 2020, 01:38:46 AM
December 02, 2020, 01:12:03 PM
Official market makers will replace AU digital coins to gold units for fees, b
You really belive in that or just kidding ?
No one will give you gold for a virtual token...
It doesn't matter if its coin or token ... nobody will give you gold for that .
We do not ask anyone to give us nothing, please understand our plan-
Aurum Coin Executive Summary:
Currency AURUM COIN AU – Distributed (existing) Bitcoin-based open source named Aurum Coin (symbol AU) with a maximum of 300,000 coins.
AURUM COIN INC- A technology venture that includes code development, wallets, banking system, trading site and more. The company will hold a controlled amount of AU coins once a quarter and a quantity of gold in safes.
Income sources:
• The company will sell virtual currencies in the free market at a stated price linked to gold (start one ounce value of gold)
• The company will run a trading website for customers that includes KYC in a stated fee model (a kind of bank account)
• The company will convert cryptographic currencies to Fiat money in a stated fee model (either through the trading arena or through market makers in a profit sharing model)
• The company will convert Aurum coins to physical gold in a stated fee model (through market makers who hold our gold in their safes in a profit sharing model)
• The company will conduct banking activities in order to regulate the required regulation (not in the first phase).
50% of net profit will be used to purchase gold and additional collateral to increase company capital. 30% of the net profit will be used to purchase additional AU cryptographic currencies (thus ensuring a high value of cryptographic currencies). 20% of the net profit will be used to finance company expenses and profit sharing according to the discretion of the company executives.
The Company’s customers own KYC’s accounts and use the various services offered by the Company.
Initial investment required 10,000 AU crypto coins. 10,000 ounces of pure gold for backup. $ 5,000,000 for technological development of the various systems, including the trading arena and regulation – investment required for $ 20M venture (gold and cryptographers remain as company capital in exchange for shares)
The company’s stated goal of reaching 150,000 Aurum coins and holding 150 tons of gold in the near future by securing a fully crypto-based eco-system with full backing of gold.
There are two "small" problems here:
1) AURUM COIN INC
well.. it doesen't exist ... BTW for providing service like that you need complicated licenses (at least in normal countries)
2) Even if you start such company who would put their gold in your safes ? It's risky to keep it in bank not to mention ghost company ...
Once again ... No one would deposit gold in such company and no one need such service . People in gold business don't care about crypto ... It's junk for them.
2. people will buy coins in gold price from the company via authorized dealers, we buy gold with this fiat money and put it on safes. then they can exchange it back to gold for fees if they want. everything is legal and under supervision.
The idea is to make this decentralized crypto legal and gold-backed. unlike any other crypto.
For that we need cooperation from the community, we need the community members to buy coins and HOLD them for long term and not to think on fast profit. When coin was traded on cryptopia.co.nz it was stable around 1 gr pure gold for a long time. The problem it is not traded on big exchange at the moment.
Unnamed exchange is not authorized yet by CMC.
Why anyone should trust you ? Even banks arn't trustworthy anymore nowadays.
Even if someone will pay you, and you will buy gold...what is the warranty you will not do exit scam with physical gold ?
Dont you think its much safer to keep your gold in your own home instead if giving it away to "gold inc." ?
December 02, 2020, 09:33:28 AM
Official market makers will replace AU digital coins to gold units for fees, b
You really belive in that or just kidding ?
No one will give you gold for a virtual token...
It doesn't matter if its coin or token ... nobody will give you gold for that .
We do not ask anyone to give us nothing, please understand our plan-
Aurum Coin Executive Summary:
Currency AURUM COIN AU – Distributed (existing) Bitcoin-based open source named Aurum Coin (symbol AU) with a maximum of 300,000 coins.
AURUM COIN INC- A technology venture that includes code development, wallets, banking system, trading site and more. The company will hold a controlled amount of AU coins once a quarter and a quantity of gold in safes.
Income sources:
• The company will sell virtual currencies in the free market at a stated price linked to gold (start one ounce value of gold)
• The company will run a trading website for customers that includes KYC in a stated fee model (a kind of bank account)
• The company will convert cryptographic currencies to Fiat money in a stated fee model (either through the trading arena or through market makers in a profit sharing model)
• The company will convert Aurum coins to physical gold in a stated fee model (through market makers who hold our gold in their safes in a profit sharing model)
• The company will conduct banking activities in order to regulate the required regulation (not in the first phase).
50% of net profit will be used to purchase gold and additional collateral to increase company capital. 30% of the net profit will be used to purchase additional AU cryptographic currencies (thus ensuring a high value of cryptographic currencies). 20% of the net profit will be used to finance company expenses and profit sharing according to the discretion of the company executives.
The Company’s customers own KYC’s accounts and use the various services offered by the Company.
Initial investment required 10,000 AU crypto coins. 10,000 ounces of pure gold for backup. $ 5,000,000 for technological development of the various systems, including the trading arena and regulation – investment required for $ 20M venture (gold and cryptographers remain as company capital in exchange for shares)
The company’s stated goal of reaching 150,000 Aurum coins and holding 150 tons of gold in the near future by securing a fully crypto-based eco-system with full backing of gold.
There are two "small" problems here:
1) AURUM COIN INC
well.. it doesen't exist ... BTW for providing service like that you need complicated licenses (at least in normal countries)
2) Even if you start such company who would put their gold in your safes ? It's risky to keep it in bank not to mention ghost company ...
Once again ... No one would deposit gold in such company and no one need such service . People in gold business don't care about crypto ... It's junk for them.
December 02, 2020, 09:04:40 AM
Official market makers will replace AU digital coins to gold units for fees, b
You really belive in that or just kidding ?
No one will give you gold for a virtual token...
It doesn't matter if its coin or token ... nobody will give you gold for that .
December 02, 2020, 07:07:25 AM
Official market makers will replace AU digital coins to gold units for fees, b
You really belive in that or just kidding ?
No one will give you gold for a virtual token...
December 02, 2020, 06:37:23 AM
Official market makers will replace AU digital coins to gold units for fees, b
You really belive in that or just kidding ?
No one will give you gold for a virtual token...
December 02, 2020, 05:35:47 AM
Please publish the exchange link and ask your friends to buy at least 1 AU coin and HOLD it:
https://www.unnamed.exchange/Exchange?market=AU_BTC
We need just 300,000 people to buy 1 AU to reach gold price:
Every step is taken with the consent of the community and users
Target 1 (Year 2014):
1AU = 1 gram gold – Achieved
Target 2 (Year 2024):
1AU = 1 ounce gold ( 1oz gold )
Gold-backing using market makers, becoming a stable coin
Target 3 (Year 2034):
1AU > 1BTC
Target 4 (Year 2044):
1AU=1KG gold
Change gold-backing ratio
Price is very low now. AU coins will continue to be collected till gold price is promised.
https://www.unnamed.exchange/Exchange?market=AU_BTC
We need just 300,000 people to buy 1 AU to reach gold price:
Every step is taken with the consent of the community and users
Target 1 (Year 2014):
1AU = 1 gram gold – Achieved
Target 2 (Year 2024):
1AU = 1 ounce gold ( 1oz gold )
Gold-backing using market makers, becoming a stable coin
Target 3 (Year 2034):
1AU > 1BTC
Target 4 (Year 2044):
1AU=1KG gold
Change gold-backing ratio
Price is very low now. AU coins will continue to be collected till gold price is promised.
This is really pathetic...
Unobtanium -> Aurumcoin -> UraniumX coin -> Gold Cash
ALL the same bullshit : " look , we are so scarce we must be very valuable" ... Scarcity in crypto means nothing as its artifical and can be changed at any moment by forking current chain or starting a new one.
What this coin has to offer ? Nothing...
Its just bitcoin code copy with changed max supply...
Why should anyone buy it ? What for ?
Gold (“Aurum” in Latin) is the base of the economy as we know it today, and furthermore, gold was the measure by which currencies were valued throughout history. Aurum Coin was created to unite the world around one coin that combines innovative technology like that of Bitcoin, the global tradability of the dollar, and the consistent, timeless value of gold. Aurum Coin poses a legitimate and unaffiliated alternative to existing currencies and intends to provide a stabilizing force in today’s monetary system. This solution’s principles are to be reliable, tradable, and legal. As an international currency, you can pay and receive money easily and safely, anywhere, anytime via any device.
Aurum (AU) coins are worth not because they are rare, but because you will be able to replace them with physical gold units.
This is the first decentralized crypto to be gold-backed.
What do you mean saying "to be goldbacked" ? The project started years ago and isnt backed in anything till today.
Who will provide this gold to make this coin gold backed ?
Cause i dont think that anyone in his right mind will exchange physical gold for funny computer coins based on code copied from bitcoin core...
November 30, 2020, 03:15:10 PM
Please publish the exchange link and ask your friends to buy at least 1 AU coin and HOLD it:
https://www.unnamed.exchange/Exchange?market=AU_BTC
We need just 300,000 people to buy 1 AU to reach gold price:
Every step is taken with the consent of the community and users
Target 1 (Year 2014):
1AU = 1 gram gold – Achieved
Target 2 (Year 2024):
1AU = 1 ounce gold ( 1oz gold )
Gold-backing using market makers, becoming a stable coin
Target 3 (Year 2034):
1AU > 1BTC
Target 4 (Year 2044):
1AU=1KG gold
Change gold-backing ratio
Price is very low now. AU coins will continue to be collected till gold price is promised.
https://www.unnamed.exchange/Exchange?market=AU_BTC
We need just 300,000 people to buy 1 AU to reach gold price:
Every step is taken with the consent of the community and users
Target 1 (Year 2014):
1AU = 1 gram gold – Achieved
Target 2 (Year 2024):
1AU = 1 ounce gold ( 1oz gold )
Gold-backing using market makers, becoming a stable coin
Target 3 (Year 2034):
1AU > 1BTC
Target 4 (Year 2044):
1AU=1KG gold
Change gold-backing ratio
Price is very low now. AU coins will continue to be collected till gold price is promised.
This is really pathetic...
Unobtanium -> Aurumcoin -> UraniumX coin -> Gold Cash
ALL the same bullshit : " look , we are so scarce we must be very valuable" ... Scarcity in crypto means nothing as its artifical and can be changed at any moment by forking current chain or starting a new one.
What this coin has to offer ? Nothing...
Its just bitcoin code copy with changed max supply...
Why should anyone buy it ? What for ?
November 24, 2020, 05:47:26 PM
Why You Should Buy Gold and Silver - Robert Kiyosaki
https://www.youtube.com/watch?v=D-rMb9Znfn8
https://www.youtube.com/watch?v=D-rMb9Znfn8
November 24, 2020, 03:08:17 AM
October 16, 2020, 03:30:28 PM
Blockchain is working well and going on.
something other new?
any buyer?
any seller?
new wallet?
any news from the traders group at Telegram?
To see transactions in Blockexplorer have a look at:
http://explorer.aurumcoin-au.com:3001/
something other new?
any buyer?
any seller?
new wallet?
any news from the traders group at Telegram?
To see transactions in Blockexplorer have a look at:
http://explorer.aurumcoin-au.com:3001/
September 23, 2020, 04:46:55 AM
Website update: http://www.aurumcoin.com
August 10, 2020, 03:27:45 AM
From Traders group: "Ask: 1,000 AU for 0.01 BTC 10% fee for low volume. PRICE DUMP"
Can someone improve this proposal? We advise to hold all your coins on your own personal wallet if you do not intend to sell at current price.
August 02, 2020, 05:00:26 AM
From Traders group: "Ask: 1,000 AU for 0.01 BTC 10% fee for low volume. PRICE DUMP"
Can someone improve this proposal? July 28, 2020, 08:20:33 AM
AU is now listed on unnamed.exchange
https://www.unnamed.exchange/Exchange?market=AU_BTC
https://www.unnamed.exchange/Exchange?market=AU_BTC
July 06, 2020, 03:55:18 AM
From Traders group: "Ask: 1,000 AU for 0.01 BTC 10% fee for low volume. PRICE DUMP"
July 02, 2020, 07:34:00 PM
Are you guys currently doing any bounties / promotions?
NoAw, lmk if you guys do some in the future, I would love to participate
July 02, 2020, 12:07:48 AM
Are you guys currently doing any bounties / promotions?
No July 01, 2020, 10:38:04 PM
Are you guys currently doing any bounties / promotions?
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