Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Xaurum [XAUR]
by
XaurumQA
on 20/12/2017, 08:23:45 UTC
MY QUESTIONS FOR THE XAURUM TEAM:
- WHERE IS KEEP THE GOLD BACK UP?
- WHO HAS ACCESS TO THAT GOLD?
- WHAT IS THE ENTITY THAT CONTROLS AND AUDITS XAURUM?
- WHERE WAS PURCHASED THE GOLD THAT IS BEING USED AS BACKING? WHO BUY IT?
- WHAT IS THE GUARANTEE THAT THE PERSON WHO HAS ACCESS TO THAT GOLD, WILL NOT SELL IT?

Hello!

Thank you for your questions.

-   Gold is the name of  Xaurum holders safely stored in Swedish company Loomis International  (http://www.loomis-international.com/about-loomis/ https://en.wikipedia.org/wiki/Loomis_(company)  ).
-   LMBA certified fine gold is bought from Nadir Metal Rafineri (http://nadirmetal.com.tr/en/home/)
-   Auresco Institute is the entity that buys and stores gold in the name of Xaurum holders
-   You can follow regular Loomis audit reports on quantity of gold here: https://xaurum.org/en/details/audit, another audit report by a third party is in the making and its findings will be made public as soon as will be delivered.
-   Binding legal documents were signed, that Auresco Instute does not own the gold it can just stored and purchase it in the name of Xaurum holders. Gold is insured with umbrella insurance. 

Best,

XaurumQA