Topic: [ANN] Xaurum | Exchangable for Gold | 97,348.9G - 999.9 LBMA | Since 2015 [XAUR] - page 2. (Read 25162 times)

About two years ago it was really necessary to give 2000 XAUR for 1g of gold. The ratio changes in favor of XAUR due to rules written in white paper. The ratio to the XAUR will never be lower than it is now, it can only be higher. That's why it pays to keep XAUR. You know exactly how much gold is actually worth. And the ratio of the coin is increasing due to rules written in white paper.
The relationship is changed every time a trensaction is performed in the XAUR. With each transaction 0.5 XAUR is destroyed, while the amount of gold remains the same. The relationship also changes if new gold is purchased and the new XAUR is issued in accordance with rules written in white paper.
If anyone wants to replace XAUR for gold, gold is handed over to the owner. Gold is withdrawn from stock, and XAUR is destroyed. In this case, the ratio remains the same.

You could look at and read the website: www.xaurum.org.

1. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs.

2. Loomis issues daily reports. The old web sites had a link to them. If you want to see them, ask the Auresco Institute. You'll probably get them easily. There is also an official report PricewaterhouseCoopers d.o.o.

3. Currently is 1000 XAUR = 1.01766991 g of gold. The gap is constantly changing. The ratio can not be lower, it can only be higher. Read the white paper.

4. You can track the amount of gold and the number of coins in real-time on the website. You can do control at etherscan.io.

5. There is no reason that you will not be able to withdraw all your tokens. You can sell them on the stock market. You can pick up gold. In this case, the coins are destroyed. Therefore, the ratio of gold to coins remains the same. XAUR is not a classic currency crypt. XAUR is a kind of certificate of ownership of a physical gold that uses a block chain. XAUR can not be mined. If you want made XAUR, you must buy gold. That's why gold does not run out.

6. I am not part of the company, but it is logical for me that part of the money collected is for expenses. The bulk of it is for the purchase of gold.

XAURUM MELT MECHANISM WORKS PERFECTLY

Since the beginning of Xaurum project, there are questions about whether xaurum can simply be exchanged for physical gold. Community members know that the process is simple and anyone who wants to take advantage of this option can do it any time for any number of xaurum. The exchange mechanism is commonly known as Melt.

https://cdn-images-1.medium.com/max/600/1*eM376wiC3N8zuHckeVsizQ.jpeg

Melting exchanges Xaurum for gold according to the gold backing ratio at the time of melting. The holder, who wishes to melt his xaurum in gold, completes the form on our website. According to the ratio that is valid at the time, he “melts” his xaurum, and receives the gold to his home. Historically proven, the ratio always increases in favour of the amount of gold. A year and a half ago for one gram of gold 2000 XAUR had to be melted and today less than 1000 are required. Gold backing is the guaranteed amount of gold that the holder receives, regardless of the market.

Melt is especially useful when the price on the market is lower than the value of gold behind each xaurum, which is current reality. Individual holders in that way gain more value with melt than with their sales on the market.

Yesterdays melt, which has noticeably changed the numbers, proves also to the most eager skeptics that the mechanism works perfectly. This time 11.756.237,69 XAUR has been exchanged for 11.962,00 g (11,962 kg) of physical LMBA certified, good delivery gold of the highest 999,9 quality.

The ratio between the amount of gold and the issued XAUR remains unchanged, therefore the amount of gold behind each xaurum stays the same.
https://medium.com/@xaurumofficial/xaurum-melt-mechanism-works-perfectly-8eed4f78752d

Why? What are you talking about. Maybe  you don' t want to see or you just want to spam here. In few day Xaurum 3.0 will be delivered. Xaurum grows 20% in last month.

Hello Xuarum bagholders.. say goodbye to your dreams, this scam is officially dead.

To connect the gold exchange base and blockchain you need to have a large amount of gold, right? Where do these reserves come from? Is it legal?

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

Your questions are? Maybe I can give you an answer.

Back in the early days, there were discussions about reopening the Goldmine (mining cryptocurrencies other than Xaurum and exchanging them for Xaurum). Is there any update on that? Thank you.

There are multiple milestones in the roadmap that are upcoming in 2018. Is it possible to have more info about their progress? Thank you.

No worries really. And not looking for (empty/false) promises. Just a couple of question that remained unanswered, I don't mind if the answer is "we don't know", it's better than nothing and shows that they care about what people say on this thread.

Don't worry...with Xaurum is everything ok...very soon comes Xaurum 3.0 some really interesting things will come out. Why there is silence....because they won't make any promises for the future...when they gona delivered you will know officialy. Wait for next few weeks and you will see.

That's because they have all run off with the money idiots were stupid enough to send to them - think about it, someone creates a website and then asks people to send them money promising to store gold for them - they must be all laughing their heads off.