[ANN] Xaurum | Exchangable for Gold | 97,348.9G - 999.9 LBMA | Since 2015 [XAUR] - page 16.

Mp777

member

Activity: 92

Merit: 10

Hello to the team.

I already asked last week and I got no answer... Huh

In the roadmap you wrote for Q1 2018 new top ten exchange. Is this plan still valid? I ask this, because we saw with "Bittrex story" the importance of quality exchange for daily volume and price.

Thank you for your answer.

XaurumQA

member

Activity: 142

Merit: 10

Quote from: XaurumQA on March 20, 2018, 05:54:33 AM

Quote from: Borut on March 18, 2018, 10:09:25 AM

Quote from: keskerdark on March 17, 2018, 09:36:46 AM

In the beginning you had only 1g bars like DigixDAO, but now you almost only have 1kgs bars ?

Who will pay the exchange from 1000g gold bars back to 1g bars?

For example if I would like to withdrawal 10x1g bars for about 9800 XAUR ?

This is a very valid question since 1g's bars cost about twice the price per g gold compared to 1000g bars.

It really looks you scammed your early investors which thought they could exchange the XAURs to 1g bars..

Yes, I agree, it is a very valid question. But can you tell why you had to add an extra sentence:

»It really looks you scammed your early investors which thought they could exchange the XAURs to 1g bars..«

before you knew the answer to your question?

From my point of view, the only purpose of that sentence is to put a bad reputation to the Xaurum team. If I am wrong I apologies and I am asking you to tell what the real purpose of that sentence was.

I think that the level of communication on this forum is still on a very low level and I feel really sorry for that.

Hello!

Thank you for your question, we know sometimes all the data may be confusing from time to time :-)

All of the Xaurum gold is prepaid as 1g gold cards and that makes sure that everyone who wants to exchange XAUR for gold get the 1g cards for no extra cost. However due to economical use of our funds we negotiated am agreement with Nadir, that allows as to store majority of the gold in 1kg bars, since the cost of storage and insurance are lower that way. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting.

You can find more about the topic on our official webpage: https://xaurum.org/en/details/audit

Have a great day.

Hello!

Just one more thing :-) Below are documents from Nadir stating that all of the purchased gold is prepaid as 1g. Thank you again for your interest, questions and support.

XaurumQA

member

Activity: 142

Merit: 10

Quote from: Borut on March 18, 2018, 10:09:25 AM

Quote from: keskerdark on March 17, 2018, 09:36:46 AM

In the beginning you had only 1g bars like DigixDAO, but now you almost only have 1kgs bars ?

Who will pay the exchange from 1000g gold bars back to 1g bars?

For example if I would like to withdrawal 10x1g bars for about 9800 XAUR ?

This is a very valid question since 1g's bars cost about twice the price per g gold compared to 1000g bars.

It really looks you scammed your early investors which thought they could exchange the XAURs to 1g bars..

Yes, I agree, it is a very valid question. But can you tell why you had to add an extra sentence:

»It really looks you scammed your early investors which thought they could exchange the XAURs to 1g bars..«

before you knew the answer to your question?

From my point of view, the only purpose of that sentence is to put a bad reputation to the Xaurum team. If I am wrong I apologies and I am asking you to tell what the real purpose of that sentence was.

I think that the level of communication on this forum is still on a very low level and I feel really sorry for that.

Hello!

Thank you for your question, we know sometimes all the data may be confusing from time to time :-)

All of the Xaurum gold is prepaid as 1g gold cards and that makes sure that everyone who wants to exchange XAUR for gold get the 1g cards for no extra cost. However due to economical use of our funds we negotiated am agreement with Nadir, that allows as to store majority of the gold in 1kg bars, since the cost of storage and insurance are lower that way. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting.

You can find more about the topic on our official webpage: https://xaurum.org/en/details/audit

Have a great day.

BtcVolcano

sr. member

Activity: 672

Merit: 250

I watch the project actively develops and developers well move towards further development. It of course very much pleases. But the price cannot grow for a long time yet. Tell Dev where addition of the new exchange when there is an addition of the new exchange? You promised already a month ago that the new exchange will be added.

XaurumQA

member

Activity: 142

Merit: 10

gobbi

sr. member

Activity: 429

Merit: 250

Quote from: Doho on March 20, 2018, 05:10:42 AM

I only have 2 questions for Xaurum team:

You said that now you can make purchase of xaurum from sellers for market price.
Than why some of us had to buy xaurum for production price from sellers, which is now 4x higher, but was also higher before?
Wouldn't it be fair to those who bought xaurum for production price to receive additional xaurum that would cover the difference between production and market price?

By that time market price was almost near pp, it was your decision to buy xaurum. I must say that most of my xaurums I bought on pp, and that time pp was very high. Now iam also buying more on exchanges because price is very low.

0-kelvin

newbie

Activity: 62

Merit: 0

Quote from: Doho on March 20, 2018, 05:10:42 AM

I only have 2 questions for Xaurum team:

You said that now you can make purchase of xaurum from sellers for market price.
Than why some of us had to buy xaurum for production price from sellers, which is now 4x higher, but was also higher before?
Wouldn't it be fair to those who bought xaurum for production price to receive additional xaurum that would cover the difference between production and market price?

I am not from the team, but your request is quite unsense ... This was your decision to buy at production price and you are not the only one ... welcome to cripto ... Buy high sell low ... or HODL Wink

Doho

newbie

Activity: 1

Merit: 0

I only have 2 questions for Xaurum team:

You said that now you can make purchase of xaurum from sellers for market price.
Than why some of us had to buy xaurum for production price from sellers, which is now 4x higher, but was also higher before?
Wouldn't it be fair to those who bought xaurum for production price to receive additional xaurum that would cover the difference between production and market price?

0-kelvin

newbie

Activity: 62

Merit: 0

Quote from: zrjawkn on March 20, 2018, 03:48:24 AM

Did I miss something....last 2 days something is happening...look buy support.

I think that maybe it will be like one year ago...when momentum starts on the end of March.

But this time will be global momentum...the team behind is 100 times stroger, the infrastructure is 10 times better, the Pr, brand, 1000 times better.

I understand that pessimism is not good but on the other hand too much optimism from some persons all the time is even worse for the community ...

zrjawkn

full member

Activity: 203

Merit: 100

Did I miss something....last 2 days something is happening...look buy support.

I think that maybe it will be like one year ago...when momentum starts on the end of March.

But this time will be global momentum...the team behind is 100 times stroger, the infrastructure is 10 times better, the Pr, brand, 1000 times better.

strongstorm

newbie

Activity: 27

Merit: 0

Quote from: niksdt101 on March 19, 2018, 11:56:23 PM

the price is slowly approaching the ICO range and that's a good sign , in this amid going down trend. if the project goes as promised it will reach the projected heights for sure . we'll wait till then for Xaurum!

You mean Rico price? Ico price was cca 0.00625$.

niksdt101

hero member

Activity: 803

Merit: 501

the price is slowly approaching the ICO range and that's a good sign , in this amid going down trend. if the project goes as promised it will reach the projected heights for sure . we'll wait till then for Xaurum!

strongstorm

newbie

Activity: 27

Merit: 0

0-kelvin

newbie

Activity: 62

Merit: 0

boynamnhi

member

Activity: 308

Merit: 10

Quote from: Supercoiner111 on March 18, 2018, 05:48:23 PM

Please explain how XAUR is a measure of gold?

A measure of gold is hard to confirm. XAUR market going up or down is unpredictable. But XAUR is an interesting project with many investors involved.

boynamnhi

member

Activity: 308

Merit: 10

Quote from: ?? on ??

Currently, it is an undeveloped market, which, if used properly, can become an extremely profitable business.I'll keep an eye on the project!

In my opinion this is an interesting project. Maybe it does not have a good foothold now. Over time and its practical effectiveness, it will certainly become a project with many investors involved.

Doho

newbie

Activity: 1

Merit: 0

I only have 2 questions for Xaurum team:

You said that now you can make purchase of xaurum from sellers for market price.
Than why some of us had to buy xaurum for production price from sellers, which is now 4x higher, but was also higher before?
Wouldn't it be fair to those who bought xaurum for production price to receive additional xaurum that would cover the difference between production and market price?

kamenicar

newbie

Activity: 24

Merit: 0

Quote from: XaurumQA on March 19, 2018, 03:32:06 AM

Quote from: Supercoiner111 on March 18, 2018, 05:48:23 PM

Please explain how XAUR is a measure of gold?

Xaurum is a cryptocurrency backed by 999,99 LBMA gold. Gold brings trust and stability to the currency and Xaurum expands this ideology further by intruducing a constantly increasing gold reserves by implementing Xaurum mechanizms. All the gold in the commonwealth is owned by Xaurum users and is exchangable for gold anytime, anywhere.

The main purpose of all Xaurum monetary policy is to sustain the common interest by increasing the commonwealth. The commonwealth is stored as gold reserves that serve as the basis of xaurum’s value, the increase of the commonwealth increases the base value of all xaurum. This means that the ratio of xaurum to gold is increasing with new issued xaurums, and the users of xaurum are rewarded with an increase of value, both as the determined increase of value in gold and the potential and speculative increase of its price.

At this moment, if you want to receive 1g 999,99 LBMA gold card you need to melt 982.80 XAUR.

Quote from: piotr_PL on March 18, 2018, 08:27:28 PM

Quote from: sandll on March 13, 2018, 04:11:14 AM

Quote from: 0-kelvin on March 13, 2018, 03:46:44 AM

Question for the team:
Based on your data, many foreign markets (Brazil, Australia, Portugal, Poland, Canada, ... Bitins, ...) have opened (or are in start phase), and that most of the XAUR are currently sold through agents with market price (I understand that XAUR are buyed directly from exchange - so ther could not be more "GOLD" with this strategy), how do you interpret such a low daily trading (beside the low price)?
Is it a reflection of poor sales?

Are sales done by agents part of Xaurums daily volume? If not, what is an average real daily volume?

I think these coins are issued out of commonwealth reserve and are calculated on local level which does not affect exchanges.

This question was answered on page 2:

Thank you for your question. Daily volume includes every purchase on the exchanges. Xaurum sales team offers a client a possibility to buy Xaurum at the market price, and when that happens XAUR is bought on exchange for them. Daily amounts differ form day to day.

And as you can see, the volume has increased... and there is also an increase on the demand side... if you combine that with last years chart: it is time for a new run

XaurumQA

member

Activity: 142

Merit: 10

Quote from: Supercoiner111 on March 18, 2018, 05:48:23 PM

Please explain how XAUR is a measure of gold?

Xaurum is a cryptocurrency backed by 999,99 LBMA gold. Gold brings trust and stability to the currency and Xaurum expands this ideology further by intruducing a constantly increasing gold reserves by implementing Xaurum mechanizms. All the gold in the commonwealth is owned by Xaurum users and is exchangable for gold anytime, anywhere.

The main purpose of all Xaurum monetary policy is to sustain the common interest by increasing the commonwealth. The commonwealth is stored as gold reserves that serve as the basis of xaurum’s value, the increase of the commonwealth increases the base value of all xaurum. This means that the ratio of xaurum to gold is increasing with new issued xaurums, and the users of xaurum are rewarded with an increase of value, both as the determined increase of value in gold and the potential and speculative increase of its price.

At this moment, if you want to receive 1g 999,99 LBMA gold card you need to melt 982.80 XAUR.

Quote from: piotr_PL on March 18, 2018, 08:27:28 PM

Quote from: sandll on March 13, 2018, 04:11:14 AM

Quote from: 0-kelvin on March 13, 2018, 03:46:44 AM

Question for the team:
Based on your data, many foreign markets (Brazil, Australia, Portugal, Poland, Canada, ... Bitins, ...) have opened (or are in start phase), and that most of the XAUR are currently sold through agents with market price (I understand that XAUR are buyed directly from exchange - so ther could not be more "GOLD" with this strategy), how do you interpret such a low daily trading (beside the low price)?
Is it a reflection of poor sales?

Are sales done by agents part of Xaurums daily volume? If not, what is an average real daily volume?

I think these coins are issued out of commonwealth reserve and are calculated on local level which does not affect exchanges.

This question was answered on page 2:

Thank you for your question. Daily volume includes every purchase on the exchanges. Xaurum sales team offers a client a possibility to buy Xaurum at the market price, and when that happens XAUR is bought on exchange for them. Daily amounts differ form day to day.

piotr_PL

newbie

Activity: 25

Merit: 0

Quote from: sandll on March 13, 2018, 04:11:14 AM

Quote from: 0-kelvin on March 13, 2018, 03:46:44 AM

Question for the team:
Based on your data, many foreign markets (Brazil, Australia, Portugal, Poland, Canada, ... Bitins, ...) have opened (or are in start phase), and that most of the XAUR are currently sold through agents with market price (I understand that XAUR are buyed directly from exchange - so ther could not be more "GOLD" with this strategy), how do you interpret such a low daily trading (beside the low price)?
Is it a reflection of poor sales?

Are sales done by agents part of Xaurums daily volume? If not, what is an average real daily volume?

I think these coins are issued out of commonwealth reserve and are calculated on local level which does not affect exchanges.

Topic: [ANN] Xaurum | Exchangable for Gold | 97,348.9G - 999.9 LBMA | Since 2015 [XAUR] - page 16. (Read 25161 times)