In the beginning you had only 1g bars like DigixDAO, but now you almost only have 1kgs bars ?
Who will pay the exchange from 1000g gold bars back to 1g bars?
For example if I would like to withdrawal 10x1g bars for about 9800 XAUR ?
This is a very valid question since 1g's bars cost about twice the price per g gold compared to 1000g bars.
It really looks you scammed your early investors which thought they could exchange the XAURs to 1g bars..
Yes, I agree, it is a very valid question. But can you tell why you had to add an extra sentence:
»It really looks you scammed your early investors which thought they could exchange the XAURs to 1g bars..«
before you knew the answer to your question?
From my point of view, the only purpose of that sentence is to put a bad reputation to the Xaurum team. If I am wrong I apologies and I am asking you to tell what the real purpose of that sentence was.
I think that the level of communication on this forum is still on a very low level and I feel really sorry for that.
Hello!
Thank you for your question, we know sometimes all the data may be confusing from time to time :-)
All of the Xaurum gold is prepaid as 1g gold cards and that makes sure that everyone who wants to exchange XAUR for gold get the 1g cards for no extra cost. However due to economical use of our funds we negotiated am agreement with Nadir, that allows as to store majority of the gold in 1kg bars, since the cost of storage and insurance are lower that way. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting.
You can find more about the topic on our official webpage:
https://xaurum.org/en/details/auditHave a great day.