Post
Topic
Board Announcements (Altcoins)
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
by
davisgreen
on 10/07/2014, 13:56:11 UTC
when people calm down and think, they will know why 1 URO is not worth 1 metric tonne of UREA. for it too be worth 1 metric tonne of UREA there has to be 1,000,000 tones of it which is the max coins.
Just a simple Google search for worlds total urea production will tell u that

Heres a little screenshot for u

World Urea Supply/Demand Balance (million metric tonnes urea)
Supply                              2012 2013 2014 2015 2016
Capacity                          192.4 202.8 207.4 224.3 226.1
Total Supply*                 165.9 173.7 180.3 189.7 195.0
Demand
Fertilizer Demand         143.3 146.2 149.4 152.7 154.4
Non-fertilizer Demand  19.0 19.7 20.7 21.1 21.7
Total Demand                162.3 165.9 170.0 173.8 176.1
Potential Balance            3.5 7.9 10.3 15.9 19.0 % of
Supply                                2% 5% 6% 8% 10%


So uro wont even cater to 1% of that