I'm following Xaurum for some time and I think this Gamma project looks promising also, but I have quite a few questions that are not clear to me.
It is written that Gamma is first crypto smart street. What does this mean? Will people need cryptocurrency or even a specific cryptocurrency Gamma, to rent a vila?
Tourists can rent a vila paying eigther with Euro, Xaurum or Gamma.
You have stated that also Euro is a currency that people can pay with, which is more logical to me than the previous post stating that it is only Xaurum and Gamma.
Anyway, just to make things clear:
Why is it called then crypto smart street if I can pay with Euro?
Hello!
Tourists can rent a vila paying either with Euro, Xaurum or Gamma.
All 3 mentioned currencies are just an entry point. If you want to pay with Euro, then in case of paying for rent, Euros will be exchanged for Gamma on market, which creates automatic market demand.
When you pay for additional expenses like drink, food car rental... then this Euros go to Xaurum mint. Meaning that additional gold is bought for Xaurum and new Xaurum's are issued.
So basically currencies that are spent in this crypto street are Gamma and Xaurum.
Thank you for your questions.
Best
XaurumQA
Thanks for the answer.
Hmm. Does this mean that you are doing buyback of Gamma when it comes to rent? This would mean that in some time you will collect majority of Gamma which is not so good for investors.