Dear all, those who have been tracking our performance in the last months must have noticed that price of XAUR has pretty much n
08 Dec 2018, 12:44
Dear all, those who have been tracking our performance in the last months must have noticed that price of XAUR has pretty much narrow channel of movement. We are becoming stable coin and that is our focus for near future. We are stable in terms of quantity of gold behind each and every XAUR. We may vary in terms of XAUR outstanding and overall gold reservers, however we CAN NOT DECLINE in terms of quantity of gold behind single XAUR. Furtermore, protocols BURN, MINT and test protocol MOH (MELT on HOLD) increases gold coverage inherently. It is happening on 9th decimal, but nevertheless it happens daily. We will never promise you market price of XAUR or marketprice of gold for that matter, however there can never be less than 0.001017689717 g (Au)/XAUR. If you have completed KYC you are always able to exchange your XAUR for round number of 1g goldbars, 24K, good delivery, LBMA certified. If you reside in jurisdiction where it is not allowed to receive gold or special taxes apply you are able to receive money compensation under rough formula buyout price of gold - 1%. Rule of thumb is market price of gold - 2%. Both facts combined you are always able to calculate "naked" intristic value of XAUR because price of gold is always on hand (check goldprice.org). At this point I strongly suggest you to visit www.xaurum.org and do your own math.