well in last months this rollercoaster was higgher than just 20%... if the whole story regarding xaurum is gold, which historically should be "safe" or less volatile asset (and this connotation is used in marketing of xaurum), and is performing the same as the whole market, than what is the point of xaurum token? backed by gold...
You didn´t do the homework and detailed check xaurum project, read whitepaper, check www.xaurum.org and understand how xaurum works than you will see the point of this token...
answer as expected... I did. But I guess your interpretation of "backed by..." is different as it usually means.Of course is answer as expected, I can´t write you here noveles etc.. if you don´t check main xaurum mecanisms. Ask me questions and I will help you to understand. There is 129kg of gold and gold base is growing with each mint, more gold means more gold coverage for all xaurum holders.
if you don't mind, I will just leave here this definition of what is, in finacial terms, backed currency... is xaur in line with this?
"Whose value has a direct correspondence with the value of a commodity (such as gold), whether or not it is redeemable in that commodity on demand."
and par value system of your mechanism is at the moment not feasible, as you mentioned few posts back. where does this leave us investors and you?
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You should know that most of them do not have economic education...