XAURUM MELT MECHANISM WORKS PERFECTLYSince 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.
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