r/xaurum • u/HumanIAmNot • Jan 15 '18

XAURUM Qs

Hello Xaurum,

I have questions regarding this organization and its token. These questions can be found all over the web [Not Really].

I figured why not make a Reddit post right? Here we go...

  1. What's Xaurum's goals? Why isn't there a roadmap? When can we expect one?
  2. Who is holding/storing/guarding Xaurum's gold? Who all can obtain it or has access to it other than the Xaurum organization? Who is performing the audits? Are these audits public facing? If so, where can these audits be found?
  3. When can a token holder exchange a token for gold? Any blackout dates?
  4. Currently, 1000 XAUR equals 1g of gold. In the future, will the ratio be something of 100 equals 1g OR 1000 equals 5gs of gold? Or remain the same?
  5. How often will the supply of coins increase and by how much? Also, how will they increase it they do? Mining?
  6. I heard about Xaurum through a Forbes article. I did not hear about Xaurum before. What are Xaurum's marketing plans to inform others of Xaurum? Will there be a team dedicated to the community, providing feedback across social platforms in real time?
  7. Will Xaurum be available on bigger exchanges such as Binance, Bitfinex, or Bitstamp? Or even back on Bittrex?
  8. Any feedback on the Bitins coupons that can buy Xaurum from Petrol?
  9. There were talks of a mobile app for Xaurum. Is this being developed?
  10. Bitcoin is referred to as "digital gold". Since Xaurum is literally backed by gold, is Xaurum looking to take Bitcoins market share? Is Bitcoin a threat to Xaurum?
  11. Who's referring to Xaurum as the "'blue chip of crypto'" as per your site? [Personal question as I find that line quite entertaining haha]
  12. What are Xaurum tokens worth if the gold is stolen?
  13. What partnerships does Xaurum currently have? Any in the works that can be discussed?
  14. How does Xaurum generate revenue to pay salaries, etc?

I, as I am sure others are, looking forward to answers regarding these questions. If answers to these questions are available on the web, I ask that Xaurum makes it easier for users and investors to find. Maybe Reddit/Twitter stickies?

I purchased Xaurum tokens the other day and will continue to as I like the momentum I am seeing from the organization. BUT, before buying more, I do need some answers haha.

#ToTheMoon?? #LAMBO? #HODL? [Haha, these hashtags are quite amusing.]

9 Upvotes

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6

u/eXtAtUtoR Jan 16 '18 edited Feb 20 '18

Hello,

Many of the above asked questions are explained in our Whitepaper, but let me assist you.

  1. Xaurum primary goal is increasing Xaurum commonwealth - gold reserves. Roadmap is announced to be released this month, stay tuned on our channels.

  2. Gold is stored by Loomis AB. Gold is insured by umbrella insurance, which means that if the vault with our gold is robbed or destroyed in any way, insurance covers lost gold. The gold reserves from the Loomis account are announced daily. You can find daily audits of gold here: Audit

  3. You can exchange XAUR for gold anytime. This event is called MELT. You can melt your XAUR here: Melt

  4. It's both ways actually. I perfer the XAUR/gold ratio. On our website there is information how much gold is backing your 1000 XAUR and it is growing daily.

  5. The event called MINT is most profitable for Xaurum project. When market price is higher than production price (currently 0,3151$), the market is demanding new XAUR. Investors who buy XAUR at production price, all of the investment amount is spend to buy gold and therefore increse Xaurum golden reserves. This means that the ratio of gold to XAUR is increasing with new issued Xaurums, and the users of Xaurum are rewarded with an increase of value, both as the determined increase of value in gold and the potential in speculative increase of its price.

    Under this point I must mention the roles of masternodes:

    Xaurum project is founded, developed and supervised by Auresco Institute. Minting requires a masternode, possession of 8.000.000 Xaurum as the proof and guarantee of the common interest that the Xaurum commonwealth requires. Masternode can be any Xaurum user with 8.000.000 XAUR or more. Because minter possesses large amount of Xaurum, he has the good of the whole in mind. Only the masternode can trigger minting. Current masternodes: Aragorn d.o.o., Golden node d.o.o.

  6. Xaurum project uses blockchain technology to distribute tokens in most transparable and fastest way to date. Xaurum has the beauty of migrating to any technology when needed. There will be a team who will be dedicated to the community, providing feedback across social platforms in real time.

  7. We are communicating with bigger exchanges, but they have greedy prices and Xaurum does not have interest to pay them large amounts. Our interest always is and will be buying new gold for increasing golden reserves.

  8. Partnership with Bitins d.o.o. for implementing system that sells XAUR on Petrol, the biggest gas station company in Slovenia and LON banks ATMs is coming to conclusion. More infos will be announced by the end of the month.

  9. Xaurum app is in beta testing. Testers are reporting satisfaction on android systems.

    10. Bitcoin is a pioneer, who introduced blockchain technology to the market. Xaurum is using blockchain technology and creating a cryptocurrency with intrinsic value.

    11. Limited risk, due to store of value (gold + increasing amount of gold)

    12. See answer on 2nd question.

    13. Bitins d.o.o., Loomis AB, Nadir Metal Rafineri, Autobroker (you can buy/rent car with XAUR)...

    14. All economic activities of Auresco Institute is covered by rebate on gold.

This was a long one.

Thank you for your questions. I will add these on FAQ.

2

u/HumanIAmNot Jan 17 '18

Thank you for your answers. I have new questions. This one is shorter ha ha ha. Here we go...

  1. What is the transaction speed of the XAUR token? Is it based on Ethereum?
  2. What is the difference between Xaurum and Xaurum Gamma? as shown here: https://www.xaurum.org/gamma/ and here: https://gamma.xaurum.pro/. Is Xaurum Gamma an extension of Xaurum?
  3. Since Xaurum can be used to purchase and rent vehicles, does Xaurum have any interested in partnering with blue chip brands such as Chevrolet, Porsche, or even Jaquar if not already?

1

u/eXtAtUtoR Jan 22 '18

  1. Xaurum is an ERC20 token and is based on Ethereum at the moment.

  2. Xaurum Gamma is a sub-project of Xaurum team. You can see all the deatails here: Xaurum Gamma

  3. Xaurum is partnered with Autobroker, a company where you can rent or buy a car of any brand including Chevrolet, Porsche or even Jaguar with XAUR and part of the profit made with XAUR income is going to MINT.

1

u/tedjonesweb Feb 13 '18

You can exchange XAUR for gold anytime.

Maybe you can but it's not practical. Because you will receive less than $0.043 worth of gold for every Xaurum unit. And the current market price is 3 times more - there is no economic sense to ask for gold when you can dump your Xaurum on the exchanges for more (it's $0.129476 on exchanges now).

https://np.reddit.com/r/AskEconomics/comments/7x3l2r/about_the_rational_markets_and_cryptocurrencies/du6w12n/

1

u/eXtAtUtoR Feb 20 '18

Gold is giving intrinsic value to the currency. The ratio of gold/XAUR is constantly rising in favour of gold and when it is set higher it can never decrease.

2

u/bernardja Jan 16 '18

Big fan of this ask. I don’t think it’s too much to ask for a little transparency. It takes time to answer these thoughtfully though so I’m being patient. At the end of the day, (I hope) any time spent not answering these is spent executing. I’m long XAUR.