Quote from: Domenc on July 13, 2017, 02:29:17 PM

Quote from: moonwalker_106 on July 13, 2017, 02:24:32 PM

Hi everyone,
I just made this account now to ask this question that I have about Xaurum:
There is 129 kilo's of gold backing up Xaurum currently. Bu does this amount increase in the future? Is it for example so, that when you buy/sell Xaurum, you pay a 1% fee and that fee is spent by the Xaurum team to buy more gold?
This would be a great idea... but I'm not sure if it is the case with Xaurum. Does anyone know?

With every transaction 0,5 xaur gor to burning(go out of circulation for ever) . What that means? That means that more transactions is happening, less coins is in circulation. But there is still 129kg or more, for less coins. That means growing goldbase for each xaurum that is in circulation. Understand?

And from my point of view the most important thing is that every time new Xaurum is created the value of all existing Xaurum increases. When new Xaurums are created the quantity of gold being bought is greater than the quantity of gold needed for backing new Xaurum. That means before new Xaurums are issued, new gold must be bought. Rough example: In the beginning of april there were Around 90 million Xaurums issued and behind them were around 40 kilos of gold. Today there is around 127 millions Xaurums on the market and pile of gold is aproximatly 129 kilos heavy. In april you needed 2068 Xaurums for 1g of gold, today only 983.