The problem with Xaurum is that ther is to much trading going on out of exchanges. Here you can check transfers:
https://etherscan.io/token/Xaurum and this is Bittrex deposit address for Xaurum:0xFBb1b73C4f0BDa4f67dcA266ce6Ef42f520fBB98. This address is the biggest Xaurum holder (10,363,633.69170271 Xaurum). Regarding this most of transfer should contain posted Bittrex adress. But only small transfers (small amount of tokens) are conected with Bittrex address. On days when Xaurum volume (24h) is unusually high (1.500.000$) this is usually because the team members are buying from Bittrex and then selling this tokens for production price to new Xaurum buyers. People who are buying tokens from Golden node d.o.o. and Aragorn d.o.o. should follow the addresses from which they're getting their tokens. They would discover that the tokens they bought for production price, were previously bought from Bittrex for market price. Somebody made a nice profit. But people who are buying coins this way, usually don't know of the exsistence of bitcointalk and certainly they have no knowledge of how to use etherscan. If you make a close look at their addresses you can see that their addresses contain only one token. And yes, you guessed right, that is Xaurum
But who cares, this is crypto world and ignorance hurts
Dear passenger13!
Thank you for your insight, but unfortunately you came to some utterly wrong conclusions. Your initial findings about Bittrex are correct, but suggestions you made afterwards are not.
At the time when the 24hrs volume was extremely high, the purchase was not made by any of the team members. Even if we would be doing what you suggested, we believe it would be smarter for us to do it over a bit longer period of time, since the person buying Xaurum at the moment was prepared to pay 0,35 per XAUR, wich is more than 10% above the production price. Don’t you agree? So your suggested calculation: buying under production price (0,31) and selling same coin for production price doesn’t make any sense ☺
Auresco Institute pays close attention on how the business and other transactions inside Xaurum ecosystem are made. Even for masternodes apply strict rules, high moral, ethical and legal standards. Regular revisions of all of our business subjects show, that your suggestions are far fetched.
Furthermore for quite a while people who decide to buy XAUR trough our company can also decide and purchase it via so called “market buy” where they get Xaurum at the market price.
Money collected via purchases made at production price is spent for purchases of new gold and production of new Xaurums. The process is called MINT. If you want to learn more about specifics and mechanisms behind Xaurum please visit
www.xaurum.org or
www.xaurumfoundation.com.
Best,
XaurumQA