On the rico.xaurum.org/dashboard page my XAU deposit address isn't showing.
This issue is resolved.
Hi all, I have two questions:
- Has there ever been a melting of XAU? I checked coinmarketcap's graphics concerning XAU and found that the lowest was 0.11BTC (when BTC was at approximately 400$) meaning 1XAU equaled 44$, at that time 1g of gold was at 37$. So there does not seem to be any good reason for someone to ever melt XAU, hence I was wondering about any recored of someone melting their XAU.
- Can anyone elaborate on the main differences between XAU/XAUR and the DigixDAO (which I don't know much about)
https://www.dgx.io/?
Thx
There were 2 melts so far. Melting isn't economically sound when the market price is higher than the price of the gold base. DigixDAO makes gold tokens with a fixed ratio, it is a digital representation of a physical asset, Xaurum is a form of money that uses gold as its base value, it has a growing gold base that distributes the profit of money creation to all its users, and employs various mechanisms to ensure it keeps growing.
will be keeping an eye on this. will the price change also in the coming days? and is there bonus in the early days of the (R)ICO?
The price during the RICO will increase after each minting. Minting will be done every 3 days of RICO (first mint on Thursday noon CET), the price will increase, because at each minting, the Xaurum ratio will increase. Xaurum ratio represents the quantity of physical gold represented by 1 XAU.