Quote from: kaicrypzen on July 22, 2016, 09:21:18 AM

Quote from: enhu on July 22, 2016, 04:43:28 AM

Quote from: m4nki on July 22, 2016, 03:05:41 AM

I still do not understand how it is beneficial to buy earlier than later within the ICO. The following statements seem oppositional. If the conversion rate from XAU to XAUR stays the same, how does it make a difference when to buy? I guess I somehow still do not understand something here.

Quote from: Aurum Project on July 19, 2016, 11:18:57 AM

Quote from: angelomilan on July 19, 2016, 10:31:22 AM

Few questions

1) What's the benefit of buying now instead of last day of the RICO?

After minting, Xaurum ratio will increase, this means the base value of each xaurum will increase, and will consequently be more costly to create. Nobody can know how much more the cost will increase in advance, yet it is certain to increase, as it depends on the number of funds collected and number of new xaurum coined. After the first mint, a new minting price will be published.

Quote from: Aurum Project on July 21, 2016, 05:36:23 PM

Quote from: Arrakeen on July 21, 2016, 05:28:26 PM

Are mint 2 transaction ratios different than mint #1? Can't believe I missed the first one, and I was saving all that XAU for this Sad

Sorry Im at work & don't have time to check the site - thanks in advance.

The existing XAU will be converted to XAUR at the same rate, 1 XAU = 8000 XAUR.

i don't understand it either. they should have give some bonuses for the first few people who bought XAUR in the first days and then bonuses gradually depreciates until the last days. This will give the pressure to buy earlier. i would assume however that people will still buy more in the last days. its 8 days left! Good luck to us.

Sending XAU early or later on does not give any advantage as the rate will still be the same 1XAU = 8000XAUR.

However the advantage of investing fiat and other crypto early on, is the minting cost: Minting cost in RICO Mint I will be the lowest because for each mint the minting cost is greater or equal to the minting cost of the previous mint. For example here are the minting costs for Mint I and II:

RICO Mint I minting cost: 0.03638375$
RICO Mint II minting cost: 0.03812457009$

So when is the next minting due?