Topic: [ANN] Xaurum [XAUR] - page 9. (Read 326990 times)

Goldmine is in development. We plan to be finished the latest on Q3 2018.
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Great, eXtatUtor are you in charge of goldmine?Could you give some details how everything will work?Iam very excited about goldmine.
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Goldmine will be a pool for mining XAUR. Miners will mine other cryptocurrencies which will be sold immediately on the market, new gold will be bought and miners will receive freshly minted XAUR. We can talk about Goldmine as another source of gold income for Xaurum project.
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Thank you for your answers.

Goldmine will be a pool for mining XAUR. Miners will mine other cryptocurrencies which will be sold immediately on the market, new gold will be bought and miners will receive freshly minted XAUR. We can talk about Goldmine as another source of gold income for Xaurum project.

All coins are rising, bitcoin, eth, time for xaurum to push the price up!!!Let´s move price to 0,25 $$$$

https://www.reddit.com/r/xaurum/comments/7xamy5/earn_some_free_xaurum/

S C A M!!!

It's interesting. I will watch this thing carefully in the future. The future of crypto hold many interesting things for all of us, hard to believe, but it may be big and good.

I will just leave this here: https://imgur.com/a/70RD5

This picture is just symbolic picture but it represents a real state...

Hello!

We are actively following all the regulation changes. However legislation in the field of cryptocurenncies  will be further developed and modified. Certain exchanges follow and even take various measures themselves on the basis of only the envisaged changes in legislation. Otherwise, there are different parameters for determining whether a particular item falls under security, but there are no exact legal provisions.

The Howey Test is one of the most important tests that is widely used to determine whether tokens qualify as securities. It was introduced in 1946 in the U.S. Supreme Court case of SEC v. W.J. Howey Co., 328 U.S. 293 (1946) as “a contract, transaction, or scheme whereby a person invests his money in
a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.” The form of contract was found to be immaterial so long as the investment met the test criteria. Over the years, various courts broadened application of the test interpreting it wider and wider. Today, the Howey Test includes the following definitive prongs all of which have to be present to satisfy the test for securities:

- An investment of money, which is broadly defined and includes any consideration with value
- Into the common enterprise, which is further defined by different courts as a vertical and/or horizontal commonality of risks and profits among investors in some proportion
- With the expectation of profits, which is also broadly defined as any form of capital appreciation, cash return on investment or other earnings such as dividends and interest
- Solely from the efforts of the promoter or a third party, whose actions must play a significant role in the success of the business.

Based on this test almost every cryptocurrency (including Bitcoin) can be defined as  security or the same parameters can be used to prove the opposite, depends on the quality of your legal representatives ;-)

That said, even if some projects and tokens will be fairly or unfairly marked as securities there will always be exchanges that will enable trading with them.

Hello!

Xaurum can be according to the ratio exchanged for gold anytime, anywhere. Melting is the process of provably destroying XAUR and receiving the quantity of gold determined by xaurum ratio at the time of melting. Xaurum ratio is determined as the quantity of current gold reserves divided by the quantity of the current money supply. Melting becomes economically advantageous only when the market prices are below the value of gold. Melting serves as a mechanism of preserving value regardless of the market price.

All the gold reserves are stored at Loomis, except 6351 g in locally (at the moment Slovenia) for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs. Some additional costs will be required as Xaurum transaction fees (0.5 XAUR per transaction) and as costs for securing international transport, that depend on quantity and your location (you can preview the options and costs here). So we advise anyone to be sure to check your country's gold taxation and other regulation.

With opening of new markets and offices around the globe we are also making melting infrastructure more efficient, so that holders that will decide to melt, will be able to get gold delivered from the nearest Xaurum branch or even in person, if they live close by.

You can request a melt at this address:
https://xaurum.org/en/details/melt

Thank you.

hi

Slowly but for sure i am loosing hope to get back what i invest.i bought
in november on highest possible price and from that time it is only going down.
The mint for 100g of gold in more than half year.Uffffff i dont know what to say.
I will be lucky if i got my invested money back with no lost.Finger cross

I have a question for the team. I read that also Hong Kong is forcing exchanges to delist security tokens (what Xaurum without the doubt is). Securities are state regulated and you can not just come and sell them without permission of the state and strict regulations you have to follow. Now we have USA and HK passing such laws, who will follow?

Do you have some strategies how you will be able to keep the token on markets in case other countries follow with such regulations?

I see people bragging how Xaurum has "real value" and other tokens are just "thin air", and this has become a serious problem now. If such regulations will follow also in other states, I would rather have "thin air" that can be traided/sold than "real value" that can be only exchanged for gold (at 0.06€ I think).

Can we get some official answer please.
Thank you.

Where can I find more info about the "melting process" and who will pay all the fees? (insurance, shipping, administration etc.. ?)


Also wondering about the gold bars sizes.. since bigger gold bars (1kg) is valued around gold spot price and 1g gold bars way more expensive (50% +).

Who will pay all fee's when exchaning your 1kg bars to 1g shippable bars? From which country do you ship, do we need to pay tax,VA, duties etc?

Where can I find more info about the "melting process" and who will pay all the fees? (insurance, shipping, administration etc.. ?)


Also wondering about the gold bars sizes.. since bigger gold bars (1kg) is valued around gold spot price and 1g gold bars way more expensive (50% +).

Who will pay all fee's when exchaning your 1kg bars to 1g bars?

I on the other hand congratulate the team for changing the way they were doing mints. You can not improve if you can't or won't change... All the smart companies change the things that don't work... I don't know what would that be a bad thing.

I also believe that interpretation of the bubble is the video on point. Yeah it is true that everything is a bit more complicated, but the overall message is correct. People who actually believe that the value of something can rise if there is no actual change in value are in my opinion don't see the things clearly enough or they don't have proper financial and economic background...

As they say in the Business insider: "Future historians will probably also be dumbfounded when they see how long people allowed worthless, unbacked fiat paper to pass as money.  It’s extraordinary that most people today happily accept a digital abstraction of paper currency controlled by a single individual as ‘valuable’." And the same or even worse situation we have in crypto... Xaurum is in my opinion a lighthouse among many projects...

Actually of course development very much pleases and prospects it seems are. Development on the person, advance too in masses. But here for increase on the Internet of a turn it seems to me it is necessary to add more exchanges then the community will very strongly increase. By the way, when the exchange will be added already? Of course this personal opinion and to you is better and better more visible and more clear to developers. I two hands for your project and wish good luck to you.

Great, eXtatUtor are you in charge of goldmine?Could you give some details how everything will work?Iam very excited about goldmine.

Goldmine is in development. We plan to be finished the latest on Q3 2018.

And you are like one of them, you must be very motivated to writing post like this one. I can't believe people have time and will to do this, so unprofessional and childish.

But still, I wish you all the best in your life.

If you don´t like the project and what team is doing, sell what you have, (probably you do not have not even 1 xaur) and stop with your primitive comments. If you have questions go direct to the xaurum office and ask them, but you don´t have balls to do that I guess, you are just good at writing stupid comments here.

You know how they say: motivation alone is not enough, if you have an idiot and you motivate him, now you have a motivated idiot.