Post
Topic
Board Announcements (Altcoins)
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
by
a3tje
on 10/07/2014, 13:11:31 UTC
How is not possible to simply state that URO is tied to Urea... IFFFF they indeed have signed contracts with suppliers of Urea, that means they (URO) had / has to give back something. In my opinion that can only mean that they either have given them a large stack of URO or they have made deals with the "cheap selling" Urea dealers in India (as they are located in India seems it is cheap so they would benefit from a rise in price). ps the idea of Uro is to create a trading platform for Urea (correct me if i'm wrong)

Anyway simply said that means that either a company has a LARGE stack or had insight in plans, therefore there isn't a fair distribution OR it is only working for the company's based in India and other Urea company's won't work with them. So it will simply be a trading platform that was created by 1 company and is mostly used in 1 part of the world.

Not saying this is a SCAM at all, just trying to get things clear. It is stated that they have "several" company's tied to it, maybe more specific information can clear up things. How much % of the world trade is done by those company's, what was the reason you were able to contact to company's and even get them convinced they cooperated?

Honestly I think the most logical reason would be, they are creating a trading platform for indian company's so they can increase the selling price and world wide distribution. Seems like a Win-Win situation for them!