STATEMENT ON BTC/XAUR
MARKET REMOVAL ON Bittrex.comDue to US regulatory changes all US based exchanges will have to delist tokens that hold something more than just a name. Bittrex is not an exception. They already delisted some tokens, more tokens will follow, including Xaurum on 22.12.2017. We believe Bittrex delivered great service to its users and it is sad to see that US regulatory changes are forcing them to do that. You can read our full statement on the link below.
https://medium.com/@xaurumsocial/statement-on-btc-xaur-market-removal-bittrex-com-96f983701bb5 Hello Xaurum developers and QA.
My question is: "Did you know that this is going to happen?". You write like you did. "We anticipated the separation of tokens connected with assets from others and have been preparing for that moment to come."
In this case I am very interested in why didn't you warn the investors? You could have prevented the panic and inform the community in advance! You could have written that new exchanges are in "to do" list and give rough dates when will normal trading with Xaurum be possible again (since HitBTC is a joke, Bittrex had 90% of trade volume). What can you do with tokens that can not be sold anywhere?
A lot of people lost a lot of their investment value today and you knew it will happen... Are the investors not important? You have email addresses and telephone numbers of people registered in "xaurum pro" and you didn't find it important enough to inform us? When you were selling Gamma you have used those numbers and sent us SMS message invited us to invest, but now, when bad things happened we were not important anymore?
Is this why one masternode left, because he knew what will happen?
Again great communication Xaurum team! About the masternode we were informed via etherscan, now we were informed via Bittrex... Please think, if you find it ok, that we get bad news about Xaurum from other sources first...
Hello! Unfortunately we did not know what will happen, since we can not predict the future. As any company we constantly contemplate on different scenarios. We considered an option that regulatory changes can affect US exchanges and were preparing for this possible scenario. We released the official statement right after we got confirmation from Bitterex.
HitBTC yesterday exceeded more than 200.000 USD 24h trade volume which was XAUR average 24 trade volume (all exchanges included) just few weeks ago and it will definitely increase in following days.
And again we would kindly ask you to stop spreading false information about masternodes. Xaurum structure still has two masternodes, ona is currently in Brazil and the other just came back to Slovenia from Istanbul where the audit of gold reserves happened.
Thank you.
I'm not spreading the false news. As I was told by your sellers in the spring of 2017, the masternode has to have all his coins in one wallet locked and unable to use. Since one of the masternodes used/have spread his coins, he can not be masternode anymore. Now tell me, do you have bad sellers that give false information or do you change the rules when it suits you. It is only one way or the other. (Now is the good time for him to buy back and act like he never have sold... this is provocation but sentances above are the truth)
You can not predict the future but you "anticipated it". This is the official statement. So why didn't you inform your cliens that an event like this might happen? You say the Xaurum is different, it is tranparent, masternodes work in the good of the community. Do they really or do they work only in the good of the project? A guy here asked you few days ago if Xaurum is treated as "securities". He knew what will happen and so did you, but you ignored his comment, so the rest of us wouldn't find out what is going on.
I know HitBTC will become biggest exchange for Xaurum, but it wil take months (maybe years) to return to the point where we were before (because investors loose trust in you). In that time all other coins will just go up and bigger investors will not wait for slow Xaurum. My opinion...
Your interpretation of interprteation on masternode is false. Xaurum structure still has two masternodes.
In our opinion Xaurum is not a security, but that does not mean Bittrex can not have different opinion on that. We got the news on delisting at the same time as it was published on Bittrex so it would be imposible to inform anyone in advance.
In one day HitBTC reached the average volume that Xaurum had a month ago, so we a certain that it will take less time than you suggest.