Topic: [🚀][ANN][Aurum Project] 💠 Xᴀᴜʀᴜᴍ 💠 ▲1 XAUR = 0.000426686186 g gold▲ - page 19. (Read 111291 times)

but let me guess, even if i wanted to sell XAU there'd be nobody to buy it 

other than you, and probably only to give the payout to the miners, which won't be able to sell their coins since there's no volume as evidenced on the exchanges.

ok so each XAU is now almost worth 2 grams of gold? 
whereas gold is priced at 40 USD/g  so 2 grams = 80 USD 

whereas XAU is priced at 220 USD ?     does this make any sense to you guys? 

Three very important important questions that have to be asked:

1:  why is the price of XAU artificially inflated to almost 3 times what the reserves are worth?
2:  how is XAU artificially inflated to that price
3:  why is nobody selling XAU for bitcoins or USD and get 3 times the amount of gold from the market than what's promised by Xaurum. 

I assume anybody actually buying XAU on the exchanges and paying 3 times the price of actual gold is doing this in the hopes of the growth that you're promising by these constant posts of how much each XAU is worth everyday, but your growth is only based on having these miners mine and mine more and maybe even get more miners joining the pools, something doesn't smell right in this scenario 

a second part contributing into this artificial appreciation of your currency is done by the miners again, everybody mines not XAU but other altcoins and then you buy XAU therefore creating artificial demand.

another question i'd ask and i'd hope you're very honest on this one since this is of personal importance to me  is there any way to short XAU??  because i'd do it right now.

Here are the stats for the 143th payout:

We have mined new 11,40352371 Xaurum and transformed electricity into 36,69170956 more grams of gold. We now have 6377,823007 of total Xaurum money supply, backed by 12707,69123 g of gold. This means every Xaurum is now worth 1,992481011 g of gold and can be melted at this ratio.

That's right ☺️

Here are the stats for the 142th payout:

We have mined new 1,202332492 Xaurum and transformed electricity into 3,758088235 more grams of gold. We now have 6366,419483 of total Xaurum money supply, backed by 12670,99952 g of gold. This means every Xaurum is now worth 1,99028662 g of gold and can be melted at this ratio.

It's a very solid start. Expected. Nothing special. Just a beginning.
Bright future has good foundations.

Great!!! Almost 2g of Au for 1 XAU 👍👍👍👍
What do you say/think about the results?

Here are the stats for the 141th payout:

The mints have minted new 169,63669 Xaurum and backed Xaurum with 540,12698 more grams of gold.

We now have 6364,952585 of total Xaurum money supply, backed by 12667,24143 g of gold. This means every Xaurum is now worth 1,990154877 g of gold and can be melted at this ratio.

If someone is interested in a little more technical aspects of crypto, here is a great paper to read:
Scaling Decentralized Blockchains

Here are the stats for the 140th payout:

We have mined new 7,279411041 Xaurum and transformed electricity into 23,07036765 more grams of gold. We now have 6195,315891 of total Xaurum money supply, backed by 12127,11443 g of gold. This means every Xaurum is now worth 1,957465066 g of gold and can be melted at this ratio.

You do not need >1 XAU to melt 1g of gold.
Currently you need  0,5114 XAU for 1g (1g/ 1,9554g/xau).

the card looks great.

have been mining off and on. i guess i should dedicate more hashes to the goldmine instead. lol

There was no (complete) melting orders so far, we're waiting for some time now for someone to try.

Just wondering, has anyone who has >1 XAU attempted to melt at the given ratio? I am currently buying and building to test this myself, however it'll take me awhile as my mining is VERY smalltime. I love the idea of the coin (as stated multiple times before), but will likely up my game after I have a couple grams in hand

Here are the stats for the 139th payout:

We have mined new 3,042755347 Xaurum and transformed electricity into 9,754044118 more grams of gold. We now have 6188,03648 of total Xaurum money supply, backed by 12104,04406 g of gold. This means every Xaurum is now worth 1,956039545 g of gold and can be melted at this ratio.

Here are the stats for the 138th payout:

We have mined new 9,72732826 Xaurum and transformed electricity into 31,16709559 more grams of gold. We now have 6184,993725 of total Xaurum money supply, backed by 12094,29002 g of gold. This means every Xaurum is now worth 1,955424783 g of gold and can be melted at this ratio.

some additional work is still required on that, but physical coins will be ready soon

Here are the stats for the 137th payout:

We have mined new 3,010489654 Xaurum and transformed electricity into 9,701176471 more grams of gold. We now have 6175,266397 of total Xaurum money supply, backed by 12063,12292 g of gold. This means every Xaurum is now worth 1,953457898 g of gold and can be melted at this ratio.

Yes yes, and Xaurum "Coins" made on CNC?

We made custom gold cards, I hope you like them.