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?
You should know that most of them do not have economic education...
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why would you need economic education?? you and newbie above your post, just think you've got rekt when you invested in xaur. You are hope crypto. Economic is not about hope. I think you don't have it neither. and @ajmemeni you are just so clever that nobody cannot even explain to you how xaurum works. you are just too clever. and yes, it is redeemable on demand in commodity for each of us holders at any time (denomination is 1g of gold LBMA good delivery equivalent 1000 xaur atm) I think you have enough money and knowledge that you can make your own cc backed by your brain. I am almost sure that you'll get your $1M. just for you. Oh you 'economists', go to work.