Re: [Moderated] [ANN][URO] First Urea Commodity Token: 1 Uro = 1 Metric Tonne Urea
1 Uro is around $0.50, but 1 ton of urea is around $300 so 1 Uro is worth around 3lbs of urea, but not a whole ton or am I missing something here?
There is a protocol, signed by the 4 niers, in which they commit themselves to selling 1 MT urea for 1 urocoin (with a minimum of 12500 MT). So if you buy with them, then 1 uro is worth 1 MT urea. You can find more information in the OP and on uro.io"There is a protocol, signed by the 4 niers, in which they commit themselves to selling 1 MT urea for 1 urocoin"
Signed Protocol (under no jurisdiction) to sell 1 MT urea for 1 urocoin
1. pass 1 URO for 1 MT urea over the table, shake hands, take a photo op.
2. psst ... now pass $295.50 under the table
btw URO can work, PM me if you are either a buyer or seller of urea, like me