Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Xaurum [XAUR]
by
passenger13
on 14/09/2017, 10:00:06 UTC
To Xaurum QA

Reagarding your answer, I would like to know a few things. We can agree that there hasn't been any mint for a while. Since the last mint there are aproximately 700 new Xaurum token holders (3256 at the moment) and most of them bought new tokens from the team members. You can buy Xaurum through Masternodes and from the exchanges. The addresses of Masternodes have the same number of tokens for quite a while (2nd and 3rd token holder). Therfore we can all agree that since the last mint a lot of people bought Xaurum tokens through Masternodes, ther is a question where did they get this Xaurum tokens (remember: no change of tokens at their addresses). It's easy to create a new address in MEW. So the only logical explanation is that Masternodes and other team members are buying Xaurum tokens from the exchanges (without mint they can't get new tokens and they don't sell their own tokens). Regarding 24h volume (1.500.000$): I know that somebody was willing to pay 0,38$ for a Xaurum. But I don't have any inside on how much tokens was bought for that price. If the price is 0,17$ you can buy over 8.000.000 Xaurum tokens. Because most of the people (who have big amount of tokens) aren't ready to sell their Xaurum tokens, it is quite difficult to buy such a big amount. But most of the tokens when 24h volume was 1.500.000$ were probably bought for price between 0,20 and 0,25$ which is still very profitable if you sell them for 0,3151$ (production price). And you have a good argument that you have reached an ATH daily volume (which means: "a lot of people are still interested for Xaurum").
Conclusion: If Xaurum holders wants that the price of Xaurum token will grow, than don't sell. Masternodes and the team needs Xaurum tokens, if they want to sell them to new investors. If holders don't sell there must be a new mint. When the price on exchanges will reach 0,30$ per token the team will have no interest to buy Xaurum tokens from the exchanges. Than it is better to pull new Xaurum tokens out of the thin air and sell them to new investors which of course causes inflation (new tokens in circulation). But at least the team buys some new gold which is good for the whole Xaurum community. Since the last mint only the team profited from the fresh fiat money that has come in (difference between price on exchanges and production price). If I am wrong, than explain to me where is the money from new investors and how much gold has been bought for it.