Quote from: nihilnegativum on April 27, 2017, 02:09:24 PM

Quote from: tiagosilva on April 27, 2017, 12:20:09 PM

Hello. I have one question...Does anybody know how is the new gold divided in gold for new xaurums and in gold for backing the existing xaurums? Is there any rule for this? For example...60% of gold goes for new xaurums and 40% of gold goes for existing xaurums.

Thank you for the answer already in advance😊

The % are not fixed, it depends on the market price or production price. Creation of 1 new XAUR requires the gold that the existing XAUR already represent, and the additional gold is the value between this value and the production price of XAUR or market price, if it is higher than production price.

OK, I think I have to read it for a couple of times so that I will fully understand it, but thank you for the explanation Wink