[ANN] Xaurum [XAUR] - page 210. | Bitcointalksearch.org

BoldNinja

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Activity: 1806

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Quote from: kaicrypzen on July 22, 2016, 04:21:18 AM

Quote from: enhu on July 21, 2016, 11:43:28 PM

Quote from: m4nki on July 21, 2016, 10:05:41 PM

I still do not understand how it is beneficial to buy earlier than later within the ICO. The following statements seem oppositional. If the conversion rate from XAU to XAUR stays the same, how does it make a difference when to buy? I guess I somehow still do not understand something here.

Quote from: Aurum Project on July 19, 2016, 06:18:57 AM

Quote from: angelomilan on July 19, 2016, 05:31:22 AM

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

Quote from: Aurum Project on July 21, 2016, 12:36:23 PM

Quote from: Arrakeen on July 21, 2016, 12:28:26 PM

Are mint 2 transaction ratios different than mint #1? Can't believe I missed the first one, and I was saving all that XAU for this Sad

Sorry Im at work & don't have time to check the site - thanks in advance.

The existing XAU will be converted to XAUR at the same rate, 1 XAU = 8000 XAUR.

i don't understand it either. they should have give some bonuses for the first few people who bought XAUR in the first days and then bonuses gradually depreciates until the last days. This will give the pressure to buy earlier. i would assume however that people will still buy more in the last days. its 8 days left! Good luck to us.

Sending XAU early or later on does not give any advantage as the rate will still be the same 1XAU = 8000XAUR.

However the advantage of investing fiat and other crypto early on, is the minting cost: Minting cost in RICO Mint I will be the lowest because for each mint the minting cost is greater or equal to the minting cost of the previous mint. For example here are the minting costs for Mint I and II:

RICO Mint I minting cost: 0.03638375$
RICO Mint II minting cost: 0.03812457009$

So when is the next minting due?

kaicrypzen

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Activity: 1344

Merit: 656

Quote from: enhu on July 21, 2016, 11:43:28 PM

Quote from: m4nki on July 21, 2016, 10:05:41 PM

I still do not understand how it is beneficial to buy earlier than later within the ICO. The following statements seem oppositional. If the conversion rate from XAU to XAUR stays the same, how does it make a difference when to buy? I guess I somehow still do not understand something here.

Quote from: Aurum Project on July 19, 2016, 06:18:57 AM

Quote from: angelomilan on July 19, 2016, 05:31:22 AM

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

Quote from: Aurum Project on July 21, 2016, 12:36:23 PM

Quote from: Arrakeen on July 21, 2016, 12:28:26 PM

Are mint 2 transaction ratios different than mint #1? Can't believe I missed the first one, and I was saving all that XAU for this Sad

Sorry Im at work & don't have time to check the site - thanks in advance.

The existing XAU will be converted to XAUR at the same rate, 1 XAU = 8000 XAUR.

i don't understand it either. they should have give some bonuses for the first few people who bought XAUR in the first days and then bonuses gradually depreciates until the last days. This will give the pressure to buy earlier. i would assume however that people will still buy more in the last days. its 8 days left! Good luck to us.

Sending XAU early or later on does not give any advantage as the rate will still be the same 1XAU = 8000XAUR.

However the advantage of investing fiat and other crypto early on, is the minting cost: Minting cost in RICO Mint I will be the lowest because for each mint the minting cost is greater or equal to the minting cost of the previous mint. For example here are the minting costs for Mint I and II:

RICO Mint I minting cost: 0.03638375$
RICO Mint II minting cost: 0.03812457009$

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: ICOcountdown.com on July 21, 2016, 08:22:40 PM

Beware of impersonators: https://medium.com/@icocountdown/declouds-warning-4e3e1fba4b33#.xbzv6cgxo

I came across that and indeed the project doesn't seem that solid ... Xaurum seems to already have gold reserves and they want to buy more. DeColouds doesn't have any ...

kaicrypzen

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Activity: 1344

Merit: 656

Quote from: Arrakeen on July 21, 2016, 08:21:54 PM

I'm just curious, but need to throw some hypothetical situations out there:

Let's say I send 100,000 XAU to the RICO address.

What I receive in return....is 800,000,000 XAUR? What is the purpose of XAUR, and how much XAUR = 1oz gold?

Another hypothetical:

Let's say I send 100,000 XAU to the RICO address. While I get 800,000,000 XAUR (?) the XAUR devs will be selling this XAU and purchasing gold with the profit? Aren't we getting any of the shiny stuff? And how can you prove it...

...because that's a large amount of fiat received in Mint I, which is already over - but nothing to show for it....?

Yes, any sent XAU will be converted into XAUR immediately at the ratio of 1XAU = 8000XAUR.

Now, the gold base for a XAUR is 0.00036835432g (see previous comment):

Quote from: Aurum Project on July 21, 2016, 06:51:04 PM

1 XAUR = 0.00036835432 g

This base value may change after each mint.

It seems to me that one of the purposes of XAUR is to increase liquidity, XAU is relatively expensive and maybe difficult to exchange, by splitting it into 8000 XAUR, it will probably be easily exchangeable ...

The XAU is not sold (it is exchanged for XAUR), only fiat and other crypto is sold to buy new gold and add it to the existing reserve. You can get gold only if you want to exchange XAU/XAUR for it (and you will get the base value), this is called melting. For the time being, it is not profitable at all to melt a XAU and in the near future it wouldn't be profitable to melt a XAUR unless the market price is under the price of the base value. This has never happened before.

I hope we get some contract, some purchase order and some pictures to show for that ...

rajeshgarnaik

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Activity: 196

Merit: 100

Indian translation done
https://bitcointalk.org/index.php?topic=1561276.new#new

thank you

Puhi

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Activity: 243

Merit: 100

Quote from: Hueristic on July 21, 2016, 08:26:15 PM

Quote from: ICOcountdown.com on July 21, 2016, 06:34:23 PM

Quote from: Hueristic on July 21, 2016, 04:36:33 PM

Have a trusted escrow agent physically inspect the assets.

Yeah right that is going to happen. Lol

You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit.

Hence the highlighted. Tongue

1. The access to Loomis account will be public (when Loomis enables it). You will be able to log on their web site and chech how much gold is stored by Auresco.
2. Please accept a public personal invitation to visit the storage facility. You need to pay for the airplane and room.

Interested?

nitja

member

Activity: 85

Merit: 10

@ICOcountdown.com
Inspection of assets is correct I am not against it. That is also why I ask them to post contracts edited.
[/quote]

this is the right way, to post contracts - I think this will happen soon, and later, to be audited from a trusted third party.
I think the trust will come gradually thru time.
Banksters have got trust thru nothing, just lies and manipulations. That is why people don't trust anymore. It will take time.

My question: is there any coin on the market except xaurum backed with some real value?

We need to become smart investors. Never invest all assets you have in one investment.
Reminder: the early bird catches the worm.

enhu

legendary

Activity: 2492

Merit: 1018

Quote from: m4nki on July 21, 2016, 10:05:41 PM

I still do not understand how it is beneficial to buy earlier than later within the ICO. The following statements seem oppositional. If the conversion rate from XAU to XAUR stays the same, how does it make a difference when to buy? I guess I somehow still do not understand something here.

Quote from: Aurum Project on July 19, 2016, 06:18:57 AM

Quote from: angelomilan on July 19, 2016, 05:31:22 AM

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

Quote from: Aurum Project on July 21, 2016, 12:36:23 PM

Quote from: Arrakeen on July 21, 2016, 12:28:26 PM

Are mint 2 transaction ratios different than mint #1? Can't believe I missed the first one, and I was saving all that XAU for this Sad

Sorry Im at work & don't have time to check the site - thanks in advance.

The existing XAU will be converted to XAUR at the same rate, 1 XAU = 8000 XAUR.

i don't understand it either. they should have give some bonuses for the first few people who bought XAUR in the first days and then bonuses gradually depreciates until the last days. This will give the pressure to buy earlier. i would assume however that people will still buy more in the last days. its 8 days left! Good luck to us.

m4nki

hero member

Activity: 1039

Merit: 510

I still do not understand how it is beneficial to buy earlier than later within the ICO. The following statements seem oppositional. If the conversion rate from XAU to XAUR stays the same, how does it make a difference when to buy? I guess I somehow still do not understand something here.

Quote from: Aurum Project on July 19, 2016, 06:18:57 AM

Quote from: angelomilan on July 19, 2016, 05:31:22 AM

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

Quote from: Aurum Project on July 21, 2016, 12:36:23 PM

Quote from: Arrakeen on July 21, 2016, 12:28:26 PM

Are mint 2 transaction ratios different than mint #1? Can't believe I missed the first one, and I was saving all that XAU for this Sad

Sorry Im at work & don't have time to check the site - thanks in advance.

The existing XAU will be converted to XAUR at the same rate, 1 XAU = 8000 XAUR.

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Quote from: Hueristic on July 21, 2016, 08:26:15 PM

Quote from: ICOcountdown.com on July 21, 2016, 06:34:23 PM

Quote from: Hueristic on July 21, 2016, 04:36:33 PM

Have a trusted escrow agent physically inspect the assets.

Yeah right that is going to happen. Lol

You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit.

Hence the highlighted. Tongue

Inspection of assets is correct I am not against it. That is also why I ask them to post contracts edited.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: ICOcountdown.com on July 21, 2016, 06:34:23 PM

Quote from: Hueristic on July 21, 2016, 04:36:33 PM

Have a trusted escrow agent physically inspect the assets.

Yeah right that is going to happen. Lol

You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit.

Hence the highlighted. Tongue

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Beware of impersonators: https://medium.com/@icocountdown/declouds-warning-4e3e1fba4b33#.xbzv6cgxo

Arrakeen

hero member

Activity: 532

Merit: 500

Offer escrow, receive negative trust

I'm just curious, but need to throw some hypothetical situations out there:

Let's say I send 100,000 XAU to the RICO address.

What I receive in return....is 800,000,000 XAUR? What is the purpose of XAUR, and how much XAUR = 1oz gold?

Another hypothetical:

Let's say I send 100,000 XAU to the RICO address. While I get 800,000,000 XAUR (?) the XAUR devs will be selling this XAU and purchasing gold with the profit? Aren't we getting any of the shiny stuff? And how can you prove it...

...because that's a large amount of fiat received in Mint I, which is already over - but nothing to show for it....?

Aurum Project

hero member

Activity: 550

Merit: 500

Xaurum RICO Mint I:

Minting value: 606111.1 $
Xaurum issued: 15889475.91 XAUR
Gold increased: 11060.42126 g

Total Xaurum money supply: 75882671.85 XAUR
Total Xaurum gold reserves: 28026.65539 g

1 XAUR = 0.000369342 g
1 XAUR cost 0.038145442 $ to mint.

Newly minted xaurum funded with crypto-currencies are already visible in balances, and the ones funded with fiat will be visible tomorrow.

Kazadar

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Activity: 658

Merit: 500

Quote from: kellendil on July 21, 2016, 06:40:08 PM

So i got 15863 XAURUM for 1 btc before the minting. How much will i get when i invest now ?

There is no way to know for sure. It depends on how much is invested in the next batch but it will be a little bit less XAUR pr. BTC.

kellendil

hero member

Activity: 630

Merit: 503

So i got 15863 XAURUM for 1 btc before the minting. How much will i get when i invest now ?

ICOcountdown.com

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Activity: 1008

Merit: 500

Quote from: Hueristic on July 21, 2016, 04:36:33 PM

Have a trusted escrow agent physically inspect the assets.

Yeah right that is going to happen. Lol

You can get a third party to inspect the assets this isn't a problem but how can you make sure the 3rd party is legit.

kellendil

hero member

Activity: 630

Merit: 503

How much will the price increase from now on ?

eye4bd

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Activity: 812

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Quote from: bigs21024 on July 21, 2016, 05:31:52 PM

no doubt this project is 100% real and legit

Guy's exciting time for me! Just saw my portion of #XAUR in RICO account. The teams are very fast based on acting!

Thanks!

bigs21024

sr. member

Activity: 294

Merit: 250

please help gofund.me/bigs21024 Family in need

no doubt this project is 100% real and legit

Topic: [ANN] Xaurum [XAUR] - page 210. (Read 326990 times)