Re: [ANN] Xaurum Gamma ICO open

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.

Hello, we are here to help.

Actualy when Gamma is bought on market in order that villas can be rented or if you pay with your existing Gamma for renting a vila, this Gamma coins are burned. This means they go out of circulation or in other words deflation happens. Consequence is that real estate backing for all other Gamma tokens grows with every rent. In addition to this also Xaurums represent part of backing for gamma and amount of Xaurums backign Gamma grows.

Best,

XaurumQA

Uau. This then creates a huge potential for Gamma coin. What is the value of actual real estate backing of Gamma? Token costs 100 in ICO, so what is the value of real estate that it represents?

Gamma has in ICO phase 1:1 backing with real asset. This means that for 100 you get 1 XGM which is worth 100 of real estate in the first moment. Later on when rent happens the ammount of backing grows.

That's nice. So actualy I have nothing to loose. What about if by some chance price falls below this 100. Is there a way to claim my backing? I have read that in Xaurum you can request phisical gold.

Yes. there are more ways to claim your initial value. One is if you own enough Gamma you can exchange one of the vila for your Gamma. Of course there are some taxation that you will need to pay in this case.
In this case Gamma coins that you exchange for real estate are burned, and you also receive Xaurums that represent backing of your Gamma tokens. Next one is, that you can rent a vila and your Gamma will be valued 100 even if the price on the market is lower or even 0.

That's great! I don't know what to say. This design should be patented.
If I understand correctly, buying this coin means total security and in addition a huge potential.
I have never seen those two features so close one to another in any other industry so far.