Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 154. (Read 227157 times)

Reminder: http://urocoin.wikia.com

Whilst I continue to reserve judgement on this particular coin project, I came across a Twitter from someone that demonstrated how people are still misunderstanding how crypto-as-commodity is ultimately priced.


Crypto as commodity *is* supposed to derive its price from the aggregate market price of the commodity. That is how commodities trading works.

The current fiat price is merely a reflection of the initial transition stage and, were this project to be proven genuine, it would rapidly gain traction upwards to a market-price floor for one tonne of UREA and, beyond that, would fluctuate in value in much smaller movements as the trading market and physical market actually transacted, with people looking to speculate on future prices of UREA by either buying or selling URO. The physical product deliveries would be taking place with whichever percentage of the total coins-in-circulation was being utilised by UREA traders, but there would be a persistent market speculation trade continuing on top of that with the remaining balance of coins simply being held or sold on, depending on anticipated market conditions.

As it stands, 1URO *does* equal 1tonne of UREA, according to the protocol signed by the Foundation participants.

This is not to say that this project is proven valid yet, nor, even if it is a genuine attempt to bring something new to the markets, that it will work.

Together we stand.

My first post: Do it, I am ready to catch your cheap URO.

Or do you not have any? LOL 

Hot air? 

nothing is wrong with it, this is called red flag after seeing how much manipulation is going on in this thread im out of URO sorry. Its shocking you will all end up red faced.

From what I can see in the altcoin world so far, the main market suppliers of URO are currently multipools most of which are either automatically sell it at the bid price or give it to the miners who have no clue, can't tell one altcoin from another and sell it at the bid price just like the pools do. For now, the price will remain low as the supply is 5760 URO per day - more than enough for the few who actually want to buy urea with it. Just like someone mentioned here earlier money folks in Asia had their social networks long before the internet. They'll figure it out with out without us. Once the daily supply is dropped down and these folks spend some time talking to each other will see the rise of URO.... or maybe not. Time will show.

To clarify, I mean you, the community supporting this coin, as a whole. It's an appeal to combine your strength for the common good. It's a union without dues, based upon mutual respect and forgoing an instant small gain to provide  a gateway for the entire community to profit as they should. Fear and greed are the worst motivations.  Just price your coins at an advantage and see if someone who knows something you don't will still see this as a bargain. Then you can return to playing the market for max effect and trying to screw each other out of pennies. I understand it takes the fun out of it, the only thing holding this coin back is FEAR.  STAND UP TOGETHER OR FALL DOWN ONE BY ONE.

That would require all participants of the entire market to act as one... you are saying "you" as though it is a single entity selling.

If you really want proof that uro is backed by big business, big money, there is a way to prove this. I have said, previously, based upon my understanding of the available information, that the companies will pay up to 80-85% of the reasonable market value of 1 metric tonne urea. The order book is packed with 5-6-7 btc orders.  If you want to know if these are from private party investors, or from corporate exploitation, build a sell wall at .1 btc. Wait about a week or so. If this is, as I suspect, an engineered attempt to secure an extremely profitable government contract by operating in a legal 'gray area", where no decision has been rendered by the courts as to the legal status of cryptocoins as a payment method, and will probably take years to be heard and decide, if it is pressed in the courts ( which I personally think it will be, but this has no bearing on the coin at this time), the buy orders will continue. If there are no buys at this price, then you can lower your sell threshold to the .01 range it's been trading at, and which the market seems to support. If it works, you get at least 10x the pay. If not, you wait a week for your reward. Once the contract has been fulfilled, these people have no use for you, always remember that. To any business human capital is only valuable to the extent that it allows SOMEONE ELSE TO PROFIT FROM THE USE OF YOUR MIND AND BODY. MAKE THEM PAY. THEY WON'T SHARE UNLESS YOU FORCE THEM TO.

It appears obvious that other Alt.coins continue to play childish games by attacking each other. If the same amount effort and money was put to expend the alt.coin market share, we would be highly successful around the world and respected.  This is a mindset that needs to be changed.

Urocoin is the First Alt.Coin that is actually is expending the Alt.Coin Market. Great Advertising on Media.   Well done to Dev. Team Urocoin

5 minutes to midnight... I fear it may be switched to 4 or 3 minutes to midnight soon. http://en.wikipedia.org/wiki/Doomsday_Clock

FUDs

Yes Very Sad - 2 Malaysian Airlines this year...

Sad News...

Please realize you just basically asked the same thing two times in a row.

The answer was already given, "FUDers" were trying to say that the AU branch was insolvent/bankrupt/delisted and use this as "FUD"- so solid posted the ASIC report showing the state of the AU branch. The AU branch is not involved directly- but since they were trying to use it to discredit the project, their discrediting had to be discredited...

Condolences to family members:  A MALAYSIAN airliner carrying 295 people from Amsterdam to Kuala Lumpur has crashed in rebel-held east Ukraine, with 27 Australians believed to be among the dead. The Ukrainian government said the plane was shot down by a surface-to-air missile.

Russia is the World's Largest export of Urea.

Massive Step forward for Urocoin

Just trying to figure this out, so when people post things about GES AU they get called FUDders. How does proving the solvency of a company we were told has nothing to do with the project prove anything at all?

I think what true asset was implying was GES Australia is not connected to the URO project at all, I don't think he was saying they are not the same company. This is why when someone called the Australian branch they told him to get in touch with the HK one because they aren't involved with it.

I addressed the report about GES Australia specifically because that is the report fudders are using to attack the project. Someone posted the GES HK business license info days ago which proves an entity over there as well.