BT
Xaurum RICO begins
At the moment xaurum price is 454,13$ , the average price from the announcement to today, that will be used for RICO minting was determined as 428,4$. This means, according to the Xaurum coinage formula, the minting price during the RICO would be 291,07$ for old XAU, considering the splitting, this means the minting price of new xaurum will be 0.03638375$ per XAUR.
According to this and the calculation tables, for every BTC I invest worth ~$650, I will get XAUR at the rate of $428.4 per 8000, so ~12138 XAUR/BTC. This will be used to buy gold, but at the base rate, which is 2.26g/XAU. This means I'm getting $123.85 worth of gold for every $428.4 invested. Or ~$188 of physical gold backing each $650(1 BTC) worth of investment. Is this true or is my math incorrect?
You get 2.27093139107 XAU * 8000 = 18167.4511286 XAUR and 661$ of gold is bought for the commonwealth (12.06 g edit: correction) so the ratio of gold to xaurum increases.