URO coin backed with fertilizer is the hottest coin right now..WTF??? If this coin is ever backed with physical gold, I don't see why we can't get where URO is now and beyond.
the difference between uro and XGR is that URO HAVE ALREADY backed by tons of urea which XGR is currently NOT !
in other words , dev CAN NOT get any "valued backup" , all is hoping that the BTC from the investors but actually the dev was also NOT able to get the coin listed on mintpal or bittrex .
well, i admit that the goal of this coin is super good but without money and good promoting this coin will absolutely die soon.
i predict the dev can only buy no more than 5KG of gold considering the price now , so , dont be lazy, lets do the math
today gold 1 kg = € 31,112
€155,560 = 40,000,000 XGR= 8.547252747252747e-6 = 80sat
is 0.0156 € / XGR = 340 sat (BTC at 455€)
im here not spreading FUD and i personally got about 50,000 XGR , just really hope that dev could give some good news
Hey jorneyflair! Lets do the math together but use a calculator because as I see you can not count without it! Sorry, I do not want to be rude, but your math above is stinking!!! But first lets speak about URO!
URO is a great idea, but it is too complex and not transparent at all! Dev say 1 URO = 1 metric ton of UREA. Great, where is the exchange that do this trade, where is a proof that anyone using URO to buy UREA? So, I am not spreading FUD, just saying...On the other hand, my idea is plain an simple, I will have an account where all the Gold will be and that account will be transparent to anyone 7/24 to check! Plain and simple, plain and simple!
Now, the math part. My calculator said, that if I divide 155,560 Eur with 40 mill than that is 854 sat!!!!! So 5 kg of Gold gives a guaranteed buyback price of 854 sat! (before you reply anything use and excel sheet to calculate that amount and use number for the cell!) But to be fair, I have to tell you that for 5 kg of Gold I have to sell the premine for 114k sat, which is a bit out of reach right now!
And for the ones who thought I have to do the real work, I have to assure you that I am doing that! Just look at the coins which were on a big exchange right at the begining! They are history now! Goldreserve has a steady 3 BTC volume on Allcoin.com and a near steady hashrate of 1-2 GHS. Till we have some milestones covered this is enough to survive. This coin is not a simple pump and dump scheme! I mean everything what I wrote on the first post. That will happen folks, even if there are a negative sentiment here, this coin will success big time!
Yes that will take time but for those who stay loyal, you will be rewarded!
