As it was explained many times before Xaurum is not an ordinary cryptocurenncy. It is a digital asset that uses blockchain technology, technology that is (so far) mostly adapted in the world of cryptocurrencies.
Xaurums main advantage and main focus is its gold base, gold ratio and not its market price. Market prices are merely reflection of changing human behavior, on the other hand the amount of stored gold it is not prone to any subjectivity. Xaurum’s market price has never gone lower than the value of its gold base. Xaurum tries to produce a better form of money regarding many aspects of modern-day money.
Xaurum it’s not tied to BTC ratio. Xaurum is not competing with BTC. I personally highly respect BTC currency since it opened the doors for many wonderful projects but as stated many times Xaurum works in different way. Xaurum price is nominated in USD and when the opportunity arises we will willingly pair XAUR with USD. XAUR/BTC ratio changed dramatically just few days ago, it was almost 30% change, I was unable to find any comment saying: “Great job Xaurum, in just one day 30% increase in ratio towards BTC.”
As some of you mentioned in your comment: the most promising about Xaurum is the fact that is backed by gold, and then in the next sentence forgetting about it wanting it to act like any other token. Funny.
Saying that project isn’t moving anywhere can only come from not understanding the project. The most important ratio is XAUR/GOLD. Since RICO where Xaurum was sold just above 0,03 USD, each XAUR has almost as twice as much gold behind it as the price in the middle 2016 was. To simplify: one Xaurum was bought for something more than 0,03 USD, today the same Xaurum has guaranteed around 0,06 USD of gold behind it. The market price is at the moment approximately 3 times higher these days than the gold price. To conclude this paragraph, XAUR/GOLD ratio is changing constantly with every transaction in favor of Xaurum holders.
Did it happened overnight? In two months? 5 months? No. Because building gold base is not just clicking buy and sell on exchange.
It is ok not to like the Xaurum concept, vision and the way it operates in the long-term, but please, do not try to squeeze it in to the box with volatile, unstable, highly speculative currencies, where trading is primary goal. I hope Xaurum never follows this footsteps. I rather see them increase the amount of gold gram by gram, kilo by kilo until …
As I understand Xaurum, Xaurum never was about quick buck. It never was about speculation only. If price is now stable around 17 cents with gold coverage at 0,06 USD I am only looking forward to the day when the gold coverage will be at around 0,30 cents…
And it is funny, how people demand something… “I demand answers, I demand this and that…” It is a free country. If u don’t like it, go away, or sell. It is quite simple. But if you really want this project to be even more successful, do you think your input really helps?
I personally understand the concept you are implying to. But not all of xaurum investors, including myself, bought it when the price was 0.03-0.09 dollars. So if the gold coverage is 0.06 usd per xaurum and we bought it for 0.17 usd, how can we be calm when the price is stagnant or falling? I would be quiet if I bought it for that price. My point is that all is driven by crypto market hype no matter what the background story is.