Hello community & Xaurum QA again, I saw the answer from you but it was deleted? Why?
It seem you did not understand me, what we want to know is how many tokens do you create by mint proces for 1 million$ in number and % (80%, 90% 100%,...).
If you could explain to us, why did you choose to bring Mr. Daniel Prastalo to the project and what he can contribute to the project?
There was mention he has picture with Richard Branson.. was this the reason?
Next one.. If you could explain to us what kind of development you do? I didn't know that real investments are done driving around with
yachts and promoting it in luxury marinas? What did you contribute to the project with this kind of development?
Please explain it, we don't understand this kind of development.
Let me explain something, I do not want to harm Xaurum project, the idea is superb and project is solid until now.
So we want explanation.
Thank you for your answer in advance.
Regards Mihapiha90
Hello!
Thank you for your questions.
1. It is very difficult to explain the mint process in few sentences. First of all we need to know that, simplified answered 1.000.0000 / 0.31 cents = 3 225 806 XAUR its not completely accurate. Scrypt or smart contract is doing mint processes with 5000$ for each circle. So for 1.000.000$, there would be 200 circles or turns. So when the first mint circle is done, we have more gold behind every xaurum + there is more xaurum in circulation and with that, the ratio xaur/gold goes up.
So circle two gets three new inputs to start over. This was made to limit huge inflations despite that inflation is profitable at Xaurum. We are working on a WhitePaper 2.0 where all the xaurum functions and formulas will be explained in detail. We expect the release of WP 2.0 and fully new working web site in 10 days from now.
2. Since we are constantly working on expanding the Xaurum project abroad, Mr. Prastolo, who is respected man in quite few countries in the second–largest and second-most-popilous continent (Africa), is spreading the word about Xaurum in that part of the world.
3. Auresco, legal entity behind all Xaurum operations, is responsible for business development, Xaurum's legal basis and business tranparency of all units of the Xaurum infrastructure. It takes care of the coordination of project development, promotion and expansion. As a part of promotion and expansion of the project and due to invite of our new buisness partner, part of the team traveled to Porto Montenegro. During the visit team was invited to our partners yacht, which was afterwards named after Xaurum. We also held some others important business meetings there, mostly exploring the options of international cooperation.
Best,
XaurumQA