Topic: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea - page 180. (Read 227157 times)

How will it help stabilize the market? The people involved cannot afford to sell URO at a lower rate than the FIAT/UREA otherwise someone will just constantly be profiting off of them.
It will only ever be advantageous to the people buying 12 500 URO at a time which means the companies involved with this will just be constantly losing money.
It wouldnt make sense to buy URO in the hopes that the price of UREA will go up unless you want to day trade fertilizer.

it depends upon economy of scale...as long as they have sufficient cash flow form other customers to pay the fiat bills, they can effectively create a closed economy wherein they control all of the uro available, by keeping it in circulation amongst themselves. The only coins available on the market would be the new coins mined at the rate of 1 per block.. competition among miners would be fierce, keeping the hashrate high to maintain the network. Once they control the entire supply, it will be worth exactly what they are willing to pay for it on the market, as it is specific to their industry and their contracts. if they offer, say, 10-15% below the current market price of urea, that is a tremendous boost in margins for them. (and right now the miners are selling it for a buck and a half a coin). Like Bitcoin, those who buy cheap and hold for a year or more will see huge profits. I think with all the controversy, the big investors will wait and see until it's too late for them to grab millions worth of this coin. IF these companies are big enough to pull it off. Anyone got insight into financial statements from Rivaa? I don't know reporting requirements for India, but if they have gross revenues in the 100m USD range, we can be fairly sure the others would also be big enough to pull it off. They wouldn't need scab companies to do this. In essence, they're buying hashrate. Once they control the majority of the coins, they become the de facto "centralized exchange". It's a little complicated, and would fill a book to explain all of the factors involved, but in a year,or two, they will control the entire coin supply. it's worth many millions per year to them after that, unless many other businesses begin accepting uro in payment, at which point it becomes .....a Privately held "fiat currency". which is still worth big money to them on transaction fee savings. These guys aren't meeting in alleys with suitcases full of rupees. This will create business opportunities for people to order tonnes of urea at a fraction of the cost, and retail it a t a huge profit- but only for a short while. That's the area where there might be scams, but the coin itself is legit, I think.

Ok but it still doesnt seem like enough. They will still have to suffer the losses from however much URO is bought up before it reaches the FIAT/UREA price and the only amount of 'profit' being made would be however much they dont have to pay in banking fees, which the article says is paid by the importers anyways. They are also still going to have to sell the BTC they receive, and pay the banking fees when they buy more UREA.
The OP also talks about how much it hurts the small farmers but they have a minimum order of 12 500 mts.
Since it seems like the only benefit is the banking fees, why didnt they just do a 100% premine and offer to sell and rebuy the coin from their website in exchange for the UREA at a fixed price?

How much someone paid for the URO is relevant because they just gave them $3 million worth of UREA. It doesn't matter what price they sell the URO back at because they will have to give away another $3million worth of UREA.

How much someone paid for the URO is relevant because they just gave them $3 million worth of UREA. It doesn't matter what price they sell the URO back at because they will have to give away another $3million worth of UREA.

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

Can someone please explain how they ever plan on turning a profit?
Let's pretend that the deal is real and someone just bought 12500 metric tons for about $60 000. That puts them down about $3 000 000.
Until the price of URO/UREA reaches the same price as FIAT/UREA they will be losing money, and if it does reach the same price they still would not be making any money because they are selling UREA.
So do they only plan on making money day trading (which sounds extremely sketchy)? And even if they are, if the price of URO/UREA were to reach the price of FIAT/UREA there would be no reason for people to still hold the coin, which means they will have to buy back any coins that people sell or else they will be still be selling UREA at a loss.
Am I missing something?

so the protocoll comes into effect at august 9 (article 6. 1.) and the latest date the on which the urea will arrive at its destination is 1,5 months after that (article 03 delivery terms)

if i were to order 12500 tons of uro now , when would it be delivered ?
i think i read that there already was a purchase is it possible to get pictures of that (urea being packaged , shipped etc)

How can URO possibly be a scam if Rivaa really did purchase URO with urea? HOW?? (answer: it can't)

http://www.maxkeiser.com/2014/07/more-and-more-people-getting-interested-in-uro/

Even Max is on board, everyone is naive apparently, Prypto, Max Keiser, Blockcypher, Cryptsy...only the trolls like KryptoSenseiMaster who delete their posts and cut and run know the truth.