Quote from: Kastor on October 10, 2017, 12:30:37 PM

Quote from: frik25 on October 10, 2017, 11:55:31 AM

Quote from: Mp777 on October 10, 2017, 10:50:48 AM

Quote from: nmrcngrb on October 10, 2017, 09:50:30 AM

Quote from: Mp777 on October 10, 2017, 09:08:11 AM

Question: People are having direct debits for the production of new coins. Now I hear that this money will not be spent for mints but for market buy... Guys, this is breaking the rules. You just think of something and change the rules, because it suits someone. If those people were so "stupid" (sorry for saying that) to make direct debits for "unknown price" than it is their own fault. This should go into mint and increase the gold coverage! Is this true what I hear, XaurumQA? This is then bad for all others except for people with direct debits. If one person makes the bad decision the other profit and vice versa. Now you are protecting someone on the cost of the other. I think this is not correct to do.

As far as I understand, everything that is send to company for mint stays there until mint happens. They will not just spend it for other purpose or for market buy.
It is true that they have introduced an additional product market buy which allows easier buying of xaurum for new people and in this case xaurums are bought on market.

If this is true then I misinterpreted the information. But still, nmrcngrb you talked about "sleeping well because Xaurum is gold covered", few pages back... If this is so important for the team, why don't they do mints? I don't care where market price is, if there is money prepared for the mint, it should happen. It would produce even more gold coverage which is good. Do you agree? You could sleep even better... So, does anyone know why there are no mints?

If you don't know why mints aren't happening you didn't read carefully when it happens. When the conditions are met it will happen.

It will happen when price grows over the production price, so the PP can further grow and there is a need to create new Xaurums.
You all should read the Minting rules at xaurum.org

Best regards

What does that mean that the xaurum value does not rise for 4 months - that there are obviously no investors or no fresh capital, xaurum obviously became the third class currency. So how to convince new investors - why invest in xaurum if there is no progress..

Trough my eyes... if todays market price would be 30cents, xaurum would be 20% backed by gold. That means if I buy it from. market I get cca 6 cents in gold and 24 cents that are made by supply and demand.
But since there is market price around 16 cents and there is still 6 cents in gold and if you are buying from market for 16 cents you get xaurums that are backed 37,5% by gold! That is actually great point to enter into xaurum.
What I wanna say is that for new investors it is really good that price drops down, since they are buying cheaper xaurums that has batter ratio in gold.