The naysayers here are amusing. If only those inquisitive detailed questions are applied to all crypto coins, the rate of scams would be low.
How about bitcoin, is it backed by anything? Is it not as worthless as any coins except for the belief by many that bitcoin is worth something in fiat money or its potential in the future? How about the hundreds of altcoins you own, are they backed by any physical asset? Are they used by a large enough people outside of the mining community? Or are they worth something because of a promise that they will have anon that, security that, future that? So some altcoins are worth several dollars because of a promise without actual useful use in the real world?
Now compare what you have to urocoin and analyze again.
no one is refuting that uro coin does not have promise, im simply stating URO is not worth $300 UREA is. URO is a currency. the more companies that adopt it, the more the price will rise. but for it to be worth $300 you need a ton of people using it too buy urea, at the moment its just being traded. if no company wants to pay using URO its worthless, its good news GES has accepted that is why its risen, but we now need to see other companies pay using it. well done for early holders, i bought in the drop when it hit mintpal, i didn't expect this to happen