Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Xaurum [XAUR]
by
Puhi
on 31/01/2017, 22:00:24 UTC
A nice project indeed! As far as I know it, it looks a pretty nice and promising cryptocurrency.

I just don't understand the minting. I have been reading posts from the beginning and I know how the system works. But how is it possible that new coins are minted if the demand for them is not reached - meaning that the price on markets hasn't reached the minting price, and yet there are new coins minted? Am I missing something? Shouldn't be coins below minting price bought before the new mint?

Masternodes are obligated to mint every investment they receive. In last two cases they minted the investments from people outside crypto. Minting process has 30% maximum market buy-in and 70% minimum of gold purchase. In last two cases 30% was not enough to reach Production price and this is also part of the reason that Production price did not change.