Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Xaurum [XAUR]
by
Mp777
on 12/12/2017, 10:28:43 UTC
What happened to the second masternode? I think such information should be publicly commented from the team. If not, we can only speculate that the biggest investors are running away, while they can... Will the only one left also do that? What happens if there are no more masternodes?

This is what I repeat each post, bad communication with existing investors. Such information should be publicly commented before we find it out via etherscan...

What happened to the second masternode? Xaurum team, please answer this question.

Hello!

Xaurum masternodes must prove on regular basis that they hold more than 8.000.000 XAUR.

We can confirm there is no change in Xaurum structure, there are still two masternodes.

Due to the security reasons XAUR tokens were split in more than one account, but they are still owned by the same person, which is the only condition that needs to be met to have the masternode status.

Thank you.

Best,

XaurumQA


Sorry, but I don't buy this answer. I would guess that a guy sitting on millions would use some secure usb key stored in Swiss bank. Tokens from masternode should be locked from use anyway, at least this is what was explained in the beginning of the year. It was told that masternode can not freely use his 8.000.000 tokens, but they are locked.
I'm not buying this answer, but this is only my opinion and others should make their own. I don't expect an answer.

But my previous question stays: What happens if all masternodes sell their tokens? All investors are left with "no future" coin? How can the community supervise that this is not already happening when masternode can disburse coins freely? How can we even be sure that masternode still holds 8.000.000 tokens? In the whitepaper it is stated the masternode must have this amount to act in the benefit of the community. How can the community supervise that he has those 8.000.000 when he can distribute them freely? Sorry, but "trust us" doesn't work anymore. Masternode should be able to prove his tokens to the community, if the community should trust him!

Another question: There was no mint for half a year, so there were no official papers on stored gold. Can we get an updated official document that gold is still where it should be? How can we be sure that it wasn't used/taken away? Who has access to this gold? Can the Auresco director go and take the gold?

I think that some "supervision possibilities" should be implemented that investors can really trust that things are being run like written in the whitepaper. I wish only so much talked about "transparency". I hope you will take this comment seriously and consider it.