Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Xaurum [XAUR]
by
nihilnegativum
on 06/06/2017, 09:53:14 UTC
Quote from: Calangaman on June 06, 2017, 07:58:04 AM
Quote from: aioc on June 02, 2017, 02:15:38 AM
Quote from: Calangaman on June 01, 2017, 03:01:41 PM
Just found out about this thread and coin.

- What is the relationship between gold price and XAUR price ?

In the past 30 days, gold oscillated between 1219 and 1264$, say a 3% range. Why XAUR moved so much during the same period ?

- What is the advantage of buying XAUR over a gold ETF ?


Just check this interview it will give an insight and what is xaurum and it's goal and it's purpose the dev himself provided these answers to all these questions .

http://cryptocurrencieshub.com/xaurum-the-golden-blockchain/

Thanks but I couldn't find any useful answer to my questions...


Gold price (the amount of gold behind 1 XAUR in $) determines the minimal possible market price and the production price (or market price if higher) determines the amount of $ that must be invested in gold to produce new money supply and increases the gold price.