Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Xaurum [XAUR]
by
Puhi
on 28/09/2016, 08:38:50 UTC

I agree with anarh that demand is the problem. If you for example need 20btc which is aprox 12k usd, the demand is so weak you would need at least a week to get 20btc at avg price of 30% lower then mint price. If you need it like really fast you can expect if you are optimistic to get 20btc at 40% lower then the mint price. And 12k$ - 20btc is a drop in the sea comparing to market cap of 8mio usd..

Just please dont give me arguments of 80btc daily volume since 60btc is fake for sure on ccx. Been watching volume lately and its a fact that there is fake vol in ccex. Since Trex is open now for few days its hard to say if there is also fake volume, but also the daily vol is 20 btc which is quite emabarassing for 8mio cap coin.


XAUR was only launched a few months ago. Demand is currently a problem. The obvious solution for the demand is higher frequency and volume of minting and of course mining. Both processes directly influence trade volume on exchanges. There are additional constant demand opportunities on the market as well.
I believe XAUR team is working hard at these solutions.
When this is set up, you will be able to sell unlimited quantities at production price, but you will not be able to buy a lot of XAUR below production price.

For now XAUR is top opportunity for mid to long term investment (6-12 months).

BTW: Can you name 2 coins or tokens without fake volume.