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Topic: [ANN] Xaurum [XAUR] - page 214. (Read 326990 times)

legendary
Activity: 3178
Merit: 1054
July 19, 2016, 10:49:24 AM


If a coin is backed by gold, does this mean that a whale can't drag the price down if they dump about thousands of it?

Interesting a coin backed by gold, count me in. And i join the twitter campaign later on.  Smiley

Wish to have joined during the first week of the campaign. Where is their thread to the twitter campaign?
newbie
Activity: 42
Merit: 0
July 19, 2016, 10:33:12 AM
Very satisfied with the RICO so far. In the mean time I am cooling down on my Ducati which is also backed by gold  Smiley    Forza Xaurum!

https://i.imgur.com/e7G2otv.jpg
newbie
Activity: 11
Merit: 0
July 19, 2016, 06:43:59 AM
thanks for all the answers to my noob questions.
More clear now  Grin
hero member
Activity: 550
Merit: 500
July 19, 2016, 06:18:57 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.

2) Is supply limited or not?
The supply is not limited, because for Xaurum, inflation increases the value.

3) Is this RICO like digixDAO's ? (when they reached 5.5 M they went "out of stock")
The unlimited supply already answers this, but we should delineate some additional differences from digixDAO, that only collects fees from their digital assets. Xaurum is not a representation of gold, but a form of money that uses gold. It also collects fees, but this is really the lowest form of income of the Xaurum commonwealth, until a significant increase in userbase and volume. The main part of the gold reserve increase comes from Xaurum coinage, that at the same time benefits all of the users and the minter/miner.

newbie
Activity: 11
Merit: 0
July 19, 2016, 05:31:22 AM
Few questions

1) What's the benefit of buying now instead of last day of the RICO?
1b) How much is one XAUR right now in USD?
1c) Will the price increase on day 3?

2) Is supply limited or not?

3) Is this RICO like digixDAO's ? (when they reached 5.5 M they went "out of stock")
full member
Activity: 243
Merit: 100
July 19, 2016, 03:33:10 AM
Posting tweet of @Xaurum official:

"XAURUM RICO first 4 hours FIAT score!!!
241.974,42 USD invested (sum of USD, EUR, GBP, RUB)


Next FIAT score announcement in few hours.
P.S.: FIAT currencies will be accounted for at every mint. We will announce intermediate scores in all channels."
sr. member
Activity: 308
Merit: 250
Too Weird to Live. Too Rare to Die...
July 19, 2016, 01:50:53 AM
#99
Interesting a coin backed by gold, count me in. And i join the twitter campaign later on.  Smiley
hero member
Activity: 938
Merit: 1000
July 18, 2016, 10:04:55 PM
#98
actually i can;t wait this project becouse i know Xaurum have a great team just think want to invest much in this project

#miss Gold lol
sr. member
Activity: 368
Merit: 250
July 18, 2016, 10:01:23 PM
#97
Watching closely.
 Smiley
hero member
Activity: 742
Merit: 501
July 18, 2016, 09:43:31 PM
#96
How is minting rate? %
legendary
Activity: 2002
Merit: 1113
July 18, 2016, 04:23:42 PM
#95
hello,

I have question, likely new xaurum project gonna migrated to ETH smart contract, so new proof of participation will be POS, POW, or other proof ?

if it's POS can yu explain me how yu can pay without POW and upgrade XAUR value in gold (common wealth) ?

sorry but i have  difficulties to understand the POS process with this coin.
hero member
Activity: 784
Merit: 500
July 18, 2016, 04:20:52 PM
#94
any early bird bonuses? how long is ico?
hero member
Activity: 658
Merit: 500
July 18, 2016, 03:59:25 PM
#93
There was said that the minting will long three days, but at what time of 20th July?
first mint on Thursday noon CET
full member
Activity: 206
Merit: 100
While men's faith is down, I rock my own w my lovr
July 18, 2016, 03:51:52 PM
#92
There was said that the minting will long three days, but at what time of 20th July?
hero member
Activity: 550
Merit: 500
July 18, 2016, 02:24:59 PM
#91
Fiat transactions are incoming, but are not yet visible on the page, because they can only be processed at minting, as will be the new Xaurum gold reserves growth and newly minted xaurum on personal balances.

So far, we have collected:

- 241974.42 USD  in fiat currencies,
- 33.12267881 BTC
- 170.94931463 ETH
- 1.9 LISK

and exchanged 3236.43470218 XAU for 25891477.6174 XAUR.


Would be nice if Xaurum could be added to more exchanges. Anything alike planned after the RICO ICO?
We agree, we intend to get listed on all relevant exchanges, and other providers of crypto services, to fully utilize the existing crypto infrastructure.
hero member
Activity: 1039
Merit: 510
July 18, 2016, 10:20:18 AM
#90
Would be nice if Xaurum could be added to more exchanges. Anything alike planned after the RICO ICO?
full member
Activity: 243
Merit: 100
July 18, 2016, 09:44:34 AM
#89
Registered successfully. BTC came through as did old XAU.
Waiting for FIAT confirmation of verification...
sr. member
Activity: 350
Merit: 250
July 18, 2016, 09:17:08 AM
#88
The old proofs of gold are found on our old blog: aurescoinstitute.tumblr.com
This is only the part of the gold reserves we keep in Slovenia, for faster melting. The main part is stored at Nadir, in Turkey and getting transfered to Loomis, this transfer contract will be published as soon as it is possible. Part of our team, is currenlty travelling to Turkey, to arrange for a re-location from the turkish Loomis to the an european-based Loomis storage facillity, because of the recent political activity. While discussing with Loomis at our last meeting, they were developing an online account for reviewing, we're hoping this will be availiable during the RICO, and permanently as an publicly open account, so anyone will be able to check the quantity of the gold reserves online. New funds for the gold reserves will be shipped directly to the new Loomis location.



Nice, is very good to work with a coin that explain the process and keep it transparent.
keep up with the good work!
hero member
Activity: 550
Merit: 500
July 18, 2016, 09:12:48 AM
#87
On the rico.xaurum.org/dashboard page my XAU deposit address isn't showing.
This issue is resolved.

Hi all, I have two questions:
- Has there ever been a melting of XAU? I checked coinmarketcap's graphics concerning XAU and found that the lowest was 0.11BTC (when BTC was at approximately 400$) meaning 1XAU equaled 44$, at that time 1g of gold was at 37$. So there does not seem to be any good reason for someone to ever melt XAU, hence I was wondering about any recored of someone melting their XAU.
- Can anyone elaborate on the main differences between XAU/XAUR and the DigixDAO (which I don't know much about) https://www.dgx.io/?
Thx
There were 2 melts so far. Melting isn't economically sound when the market price is higher than the price of the gold base. DigixDAO makes gold tokens with a fixed ratio, it is a digital representation of a physical asset, Xaurum is a form of money that uses gold as its base value, it has a growing gold base that distributes the profit of money creation to all its users, and employs various mechanisms to ensure it keeps growing.


will be keeping an eye on this. will the price change also in the coming days? and is there bonus in the early days of the (R)ICO?
The price during the RICO will increase after each minting. Minting will be done every 3 days of RICO (first mint on Thursday noon CET), the price will increase, because at each minting, the Xaurum ratio will increase. Xaurum ratio represents the quantity of physical gold represented by 1 XAU.
legendary
Activity: 1120
Merit: 1000
July 18, 2016, 08:42:44 AM
#86
Back by gold???
Doesn't this miss point of crypto/btc and value for an Altcoin???
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