[ANN] Xaurum [XAUR] - page 147. | Bitcointalksearch.org

Topknotbam

legendary

Activity: 1938

Merit: 1014

Quote from: batfink68 on January 06, 2017, 05:08:11 AM

The question now is How can we raise awareness that xaurum is backed by hard gold bullion?

this information is on the website Xaurum

COMMONWEALTH
AUDIT
Subscribe to our mailing list, to participate in the public audit of Xaurum gold reserves stored at Loomis. The reserves are stored as 1 kg and 0.5 kg bars and the status of the storage is updated daily.
Note that there should be the total gold supply (availiable from the smart contract) minus 7371 g (local storage), minus whatever the ammount Nadir has before 1 kg is reached and stored at Loomis.

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 of storage.
http://xaurum.org/commonwealth_audit.html

and information about - NADIR METAL RAFINERI A.S.
http://www.goldbarsworldwide.com/PDF/NBA_16_Nadir.pdf (information from google)

batfink68

newbie

Activity: 29

Merit: 0

Quote from: Topknotbam on January 06, 2017, 01:36:09 AM

Quote from: damnMscollec on January 06, 2017, 01:27:29 AM

current price is a bit overvalued.

Really?

http://i2.imageban.ru/out/2017/01/06/70c97d0724ec861ae623ce954f8e2b40.jpg

XAURUM PRODUCTION PRICE
0.1202$

Rules
1. Production price can only increase.

2. Production price is set at every Coinage.

3. Production price is used as an empirical variable of the Coinage equation.

4. New Production price is set at exchange price of XAUR at the time of the Coinage. When the exchange price is greater than the previous Production price, Coinage is possible.
5. Production price is denominated in USD.

http://xaurum.org/production_price.html

Yeah, I figured it was undervalued. I'd buy more but I'm not set up with the exchanges to transfer funds in and out. So right now I'm buying like $15 a day of bitcoin via wesellcrypto and then transfering that bitcoin fraction to an exchange and then buying xaur with it. It's a slow and frustrating way to do it but then again, saving is a good habit to get into.

The question now is How can we raise awareness that xaurum is backed by hard gold bullion?

Topknotbam

legendary

Activity: 1938

Merit: 1014

Quote from: damnMscollec on January 06, 2017, 01:27:29 AM

current price is a bit overvalued.

Really?

XAURUM PRODUCTION PRICE
0.1202$

Rules
1. Production price can only increase.

2. Production price is set at every Coinage.

3. Production price is used as an empirical variable of the Coinage equation.

4. New Production price is set at exchange price of XAUR at the time of the Coinage. When the exchange price is greater than the previous Production price, Coinage is possible.
5. Production price is denominated in USD.

http://xaurum.org/production_price.html

damnMscollec

full member

Activity: 215

Merit: 100

Quote from: batfink68 on January 06, 2017, 01:16:23 AM

sigh

I'm looking at coinmarketcap.com and I'm seeing only 8 out of 100 crypto's that is in the green and the rest are in the red thanks to bitcoin dropping like a stone, which is apparently due to the Chinese yuan fluctuation.

See, that means xaurum is just another speculative crypto at the moment when they whole point of being backed by gold was that it was underpinned by a real commodity and therefore wasn't a speculative crypto.

Obviously, the point of being or having a gold reserve is not being disseminated as it should be. Embarrassed

If people comprehended that xaurum had a gold base then xaurum would have risen today.

The volume is tiny, the price is not down because the team holds most fund, current price is a bit overvalued.

batfink68

newbie

Activity: 29

Merit: 0

sigh

I'm looking at coinmarketcap.com and I'm seeing only 8 out of 100 crypto's that is in the green and the rest are in the red thanks to bitcoin dropping like a stone, which is apparently due to the Chinese yuan fluctuation.

See, that means xaurum is just another speculative crypto at the moment when the whole point of being backed by gold was that it was underpinned by a real commodity and therefore wasn't a speculative crypto.

Obviously, the point of being or having a gold reserve is not being disseminated as it should be. Embarrassed

If people comprehended that xaurum had a gold base then xaurum would have risen today.

cryptospreader_temp

sr. member

Activity: 434

Merit: 250

Xaur will rise independent of bitcoin price speculation. Holing Xaur will yield a good profit overtime. Keep it safe.

Puhi

full member

Activity: 243

Merit: 100

Quote from: pythonium on January 05, 2017, 08:12:10 AM

BTC bubble bursting! Happy new year Tongue

So I wonder how this will affect XAUR - I suspect BTC2XAur is positively correlated, hope I'm wrong.

your thoughts?

It was to be expected. Too much too fast. Air is not thick enough.

When the situation gets back to normal (after the hack), Xaurum will hold the value and increase it. I believe in short term it will jump to production price, maybe a bit more.
It should not be correlated to any air pumps on market. At least not more than common sense allows it to be. The only correlation should be bullion gold price.
Buy power and liquidity are coming back in very short timeframe. When this happens the true value will be obvious to the markets as well.

pythonium

newbie

Activity: 11

Merit: 0

BTC bubble bursting! Happy new year Tongue

So I wonder how this will affect XAUR - I suspect BTC2XAur is positively correlated, hope I'm wrong.

your thoughts?

Puhi

full member

Activity: 243

Merit: 100

When this hype of pumping air finishes people will start looking for real value.
Xaurum position is getting stronger every day.

nmrcngrb

full member

Activity: 197

Merit: 104

Quote from: Anarh on January 03, 2017, 01:08:23 PM

What digital currency would you like to see added to Coinbase next? I want xaurum.

https://docs.google.com/forms/d/e/1FAIpQLSc2fiKVGs8bBWSzUols16GjetJ0aWx4N1J10SP0NwhG6rdtfg/viewform?fbzx=7808909178773622000

Of course xaurum

zrjawkn

full member

Activity: 203

Merit: 100

Xaurum of course...

impr3zo

newbie

Activity: 15

Merit: 0

Quote from: Anarh on January 03, 2017, 01:08:23 PM

What digital currency would you like to see added to Coinbase next? I want xaurum.

https://docs.google.com/forms/d/e/1FAIpQLSc2fiKVGs8bBWSzUols16GjetJ0aWx4N1J10SP0NwhG6rdtfg/viewform?fbzx=7808909178773622000

xaurum yes

Anarh

member

Activity: 78

Merit: 10

What digital currency would you like to see added to Coinbase next? I want xaurum.

https://docs.google.com/forms/d/e/1FAIpQLSc2fiKVGs8bBWSzUols16GjetJ0aWx4N1J10SP0NwhG6rdtfg/viewform?fbzx=7808909178773622000

Anarh

member

Activity: 78

Merit: 10

Dear Investors,

wish you 1 xaur = 1 USD in 2017

jure90

newbie

Activity: 42

Merit: 0

Who says that you can't ride a bike on 31st of December?

http://imgur.com/a/UDbV4

Happy new year guys!

target

legendary

Activity: 2282

Merit: 1041

Quote from: cyrixcer on December 30, 2016, 11:45:44 AM

Quote from: kaicrypzen on December 29, 2016, 10:38:01 AM

Quote from: cyrixcer on December 29, 2016, 01:48:12 AM

I don't understand, if ethereum transactions are confirmed, and this time eth has no hard fork, how can you retrieve the hacked fund? How did you freeze the fund? I am very curious

Well the hacked funds are on an address on Bittrex, Bittrex can prevent this address from outputing transactions I guess, like if your bank froze your bank account ... For the recovering part, either the hacker is found and they return the funds or either Bittrex has the ability to transfer Xaurs from that address once the authorities permit it. (Just my hypothesis.)

Well, it is a great example of XAUR and Bittrex are professional teams, although the hacker hacked huge amount of money, the team did the best to prevent damage.

They said it was already fixed but bittrex wallet still is under maintenance. This is actually a good time to buy Xaur as price is cheap, if bittrex is open it will help its economy.

cyrixcer

hero member

Activity: 524

Merit: 500

Quote from: kaicrypzen on December 29, 2016, 10:38:01 AM

Quote from: cyrixcer on December 29, 2016, 01:48:12 AM

I don't understand, if ethereum transactions are confirmed, and this time eth has no hard fork, how can you retrieve the hacked fund? How did you freeze the fund? I am very curious

Well the hacked funds are on an address on Bittrex, Bittrex can prevent this address from outputing transactions I guess, like if your bank froze your bank account ... For the recovering part, either the hacker is found and they return the funds or either Bittrex has the ability to transfer Xaurs from that address once the authorities permit it. (Just my hypothesis.)

Well, it is a great example of XAUR and Bittrex are professional teams, although the hacker hacked huge amount of money, the team did the best to prevent damage.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: pythonium on December 30, 2016, 10:46:34 AM

...what puzzles me is the fact that theres still ongoing trading on Bittrex and C-Cex, although accounts and wallets are supposedly in maintenence.
So, who is trading there then?

When wallets are in maintenance, you just can neither withdraw nor deposit. As per trading, these are just numbers, transactions aren't actually made, so if you have a Xaur balance, then your balance value is used to enable trading but you actually don't have the funds until you request a withdrawal. That is my guess, like in a bank account, your money isn't actually there, it's just a number ...

Quote from: pythonium on December 30, 2016, 10:46:34 AM

I dont mind this, seeing the price actually corrected itself upwards however I dont like not being able to participate myself (Bittrex)

Well you can transfer BTC and exchange it for Xaur and vice versa, yet you can't transfer Xaur, you can half participate

.

Quote from: pythonium on December 30, 2016, 10:46:34 AM

2ndly, some accounts that are able to buy on exchages could have gotten in very cheaply - almost at ICO prices.

When the hacker dumped on c-cex the price plummeted to 1k, it's like 5 times less than ICO price, I don't know how much was sold for that though. When trading resumed on c-cex you could've gotten it (so it was possible even if the wallet was in maintenance) for ICO prices and less.

pythonium

newbie

Activity: 11

Merit: 0

...what puzzles me is the fact that theres still ongoing trading on Bittrex and C-Cex, although accounts and wallets are supposedly in maintenence.
So, who is trading there then?

I dont mind this, seeing the price actually corrected itself upwards however I dont like not being able to participate myself (Bittrex)

2ndly, some accounts that are able to buy on exchages could have gotten in very cheaply - almost at ICO prices.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: puremage111 on December 30, 2016, 02:35:11 AM

Therefore its confirm 0 funds were steal ? Great job tho xaurum, btw why is the price dropping, $0.06 now even after the news came :/

According to the team, half of it was dumped on c-cex, and the other half is on an address on Bittrex that is frozen.

Quote from: puremage111 on December 30, 2016, 02:35:11 AM

btw why is the price dropping, $0.06 now even after the news came :/

The price seems to be recovering a bit, some might think Bitcoin will rally so sell orders are unavoidable I think.

By the way, does anyone have an idea on why wallets on c-cex and Bittrex are in maintenance, are there issues with synchronization or something?

Topic: [ANN] Xaurum [XAUR] - page 147. (Read 326990 times)