Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 142. (Read 227157 times)

You had that one ready to go didn't you.

ANNOUNCEMENT:-

Rivaa exports ltd a leading textile import and export company based in surat ,(gujarat). India ,have under their diversification programme has planned to enter into field of fertilizers,

On 10th of july 2014 ,MR HARISH VIRMANI DIRECTOR of M/ S, RIVAA EXPORT LTD have signed contract of 25000 metric tonn of urea fertilizers with M/S, GREEN EARTH SYSTEMS , HK IMPORTATION. UREA IS THE WORLDS MOST WIDELY USED FERTILIZERS AND IS RESPONSIBLE FOR MORE THAN 50% of world food production.

"RIVAA SUPPORTS UROCOIN"

http://www.rivaa.in/AboutUs


OMG its real! Finally the Confirmation that we Need!.

Do not sell your Urocoins so cheap.. whales are now trying to play with the weak hands.

http://www.rivaa.in/AboutUs

Very glad with this news!
Now the road is open for the further development of the NURO wallet and maybe other cloudbased applications!

URO next to btc and ltc

http://www.blockcypher.com/

and the cloud
http://www.blockcypher.com/#!Urea-Block-Chain-Moves-to-the-Cloud/cw46/31BB9AEA-8483-4AEC-9A08-AE62589E4260

Game, Set and Match to Urocoin - Massive Step in the Alt.Coins  "BlueChip"

Well this coin is different in the sense that if legit, its true value is fixed, at a much higher price than even its ATH. So why would a true believer even care about the prices whether they go down to 100k or 100 sats? Why would they even respond to fud, because if everything is true, the fud is worthless, since the main investors are these big companies and farmers, not just the usual crypto investor looking for a quick buck. The dev shouldnt care about the prices or fud either. Shit he should revel in it, more coins for him and the true believers or should I say know-ers.

The First Uro Trade for UREA is again confirmed by RIVAA's Public Announcement "Rivaa Supports Urocoin"  is most likely due to IPL new tender closing last week. Rivaa appears to be the most likely to Supply again.
Most Indian Importers still waiting on there orders to confirm by IPL.

Seriously? Two great news posts within 10 minutes? Where's my heart meds?

URO's BLOCK CHAIN

Uro’s block chain just became powered on BlockCypher’s cloud-optimized platform. Urocoin is an asset-backed digital coin which enables a distributed exchange for Urea, a fertilizer responsible for over half of the total world’s food production. The decision to host the Uro block chain aligns with BlockCypher’s vision of a world with multiple coins that attempt to solve real world problems such as poverty, education, and access to assets and capital....


http://www.blockcypher.com/#!Urea-Block-Chain-Moves-to-the-Cloud/cw46/31BB9AEA-8483-4AEC-9A08-AE62589E4260

Ive read this too, this can only be good news for the coin.

+1

Rivaa Exports Limited -a well establiahed company in India has updated that they support Urocoin.

http://www.rivaa.in/AboutUs

ANNOUNCEMENT:-
Rivaa exports ltd a leading textile imort export company based in surat ,(gujarat). India ,have under their diversification programme has planned to enter into field of fertilizers,

On 10th of july 2014 ,MR HARISH VIRMANI DIRECTOR of M/ S, RIVAA EXPORT LTD have signed contract of 25000 metric tonn of urea fertilizers with M/S, GREEN EARTH SYSTEMS , HK IMPORTATION. UREA IS THE WORLDS MOST WIDELY USED FERTILIZERS AND IS RESPONSIBLE FOR MORE THAN 50% of world food production.

"RIVAA SUPPORTS UROCOIN"

I think the inital price was based on the hype of the first order, we will see the price rise again shortly if True-Asset keeps in comms & releases more news.

https://twitter.com/Urocointalk/status/491490345046114304
Rivaa states on its website that it supports urocoin 

Good interview.

The Economics of Uro

Uro is a commodity-backed currency pegged to the value of 1 metric tonne of Urea.

Holders of 12,500 URO can swap them for a 12,500 metric tonne shipment of bulk Urea N46 fertilizer from participating merchants like GES, CTC, CCL and UTI. This is exactly the same as the Velocity Frequent Flyer Program, which permits holders to swap 125,000 Points for a 15,000 mile business class flight from participating merchants like Virgin, Etihad, Delta and Air NZ.

URO is as simple as that. This simplicity is what makes URO so powerful and elegant as a fast and efficient solution for purchasing Urea without waiting weeks and incurring massive fees to get traditional financial instruments issued by international banks.

Just like you can hold on to your Velocity Frequent Flyers Points until you are ready to redeem them for a flight, you can hold on to your URO until you need your Urea. Unlike Velocity Frequent Flyers Points however, URO units never expire. This allows you to buy URO when the cost is low, and exchange it for Urea when the price is high. In this way, farmers can hedge against the risk of not being able to afford fertiliser if Urea prices suddenly skyrocket, like they did in late 2008 from the $300 range to the $800 range.

URO is also a store of value, so you can freely exchange it to other currencies and spend without restriction. In the future, more traditional merchants will start accepting URO as a currency via payment processors or direct Uro network integration.

Uro Implementation: Neutrality, Decentralization and Legality

Just like the Velocity Frequent Flyer Program was initially spearheaded by Virgin back in 2005, Uro was created in collaboration with GES. Just like Virgin saw the need to neutralize and separate Velocity Rewards Pty Ltd by 2010 from VIrgin Blue in order to attract Etihad, Delta and Air NZ onto the same points platform, GES realised that to grow Uro to its maximum potential, a separate Uro Foundation was needed to attract other Urea sellers like UTI, CCL, CTC and many more to come.

The Uro Foundation’s implementation of Uro as an open platform, open source blockchain currency is a reflection of the purpose of Uro - which is to be the most widely adopted token for Urea trading internationally. The Foundation continues to develop an ever-expanding infrastructure around Uro so that this long term goal is achieved.

Because Uro is a long-term international payment settlement system, but also a commodity currency that will eventually see very high volume trading due to its pegged nature, we wanted a fully decentralized platform that is resistant to single-point vulnerabilities (like a single hash function being compromised) that also has the maximum safe transaction speed. This is why we choose a 3 minute block time and the multi-algorithm X11 proof-of-work system.

Finally, we have been criticised for not starting Uro with an IPO of the tokens at the reference pegged value. However, we have precisely chosen not to do this due to the possible legal issues revolving around securities issuance in various nations. In the same way that Velocity Frequent Flyers Points are released via “flying miles,” Uro is released via “mining power and time” by the network organically. We are simply adopting long standing legal precedents to provide a sound foundation for launching Uro. In summary, we did not go with Mastercoin or Counterparty as both require the Foundation to issue what may be classified in the future as “securities” or “investment contracts” at a defined price, which can open up the Uro Foundation to a range of possible legal ramifications.

For more, visit: http://www.cryptoarticles.com/crypto-news/uro-interview-with-bohan-huang-32-questions-from-the-community

Well my main thing it is irritating that true believers end up paying more while fudders scoop up cheap coins. It's like the only way to prosper in crypto is to be more crooked than the next guy.

They are only trying to reassure themselves, watch as their bitcoin evaporates into dust