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Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.
But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.
Its only a gamble for the first company, after they deliver URO and probably only the first trade is risky, after that the price will correct up, people can dump the price, but if the community informs all the exporters/importers they will start putting money in to buy up the cheap URO coins, its like saying if you saw people selling gold for half price, and it was true, wouldn't you sell your house to buy that even up to a 10% discount price.
Yes, it's a HUGE gamble for the 1st company! They are essentially giving $3.75 million dollars worth of product for coins which equal $75K today. No one else sees this as a problem? You keep saying, "the price will correct", "it will go up to 1 tonne = 1 URO." No business in their right mind would make a deal like this based on nothing more than basic speculation.
But its not speculation if they deliver on their order, the price is bound to go up, so its not a risk, its certainty
But it's not a certainty at all! As long as you, me, and any guy can trade it on an exchange it's very far from a certainty. It's far, far, far more speculation then certainty. Even you have to see this.
Buy you don't get it when something is backed by a commodity it will always be worth the commodity, if someone starts dumping it for any less its there own stupidness, people will just start buying it up, If started selling 1 kg gold vouchers with actual price of $100,000 for $50,000, and people cashed out to gold, and it worked, what do you think will happen? I assure you those vouchers will be bought up in seconds, furthermore URO is going to bring new services and merchant tools, which is why it might trade over normal price, why do you think all these bank notes backed by gold worked? if the bank started selling a $100 bill for $1, do you not think one guy would just purchase it all, if there is certainty, no dump can crash the market.
Comparing URO to gold is not a fair comparison. GOLD has a real value. URO has PERCEIVED value.
Urea is commodity, it has real value, gold is much more speculative than Urea, Urea is used everywhere so it will always be needed, whereas the main use of gold is aesthetic products, not saying gold is not important, but both are very real, and have value, why else is there a market for urea?
I didn't say UREA, I said URO. Of course UREA has a real value. Gold also has a REAL value. URO on the other hand has a perceived FUTURE value of 1 tonne of UREA. But that's not its REAL value. It's real value is around $6-7 or 2% of it's perceived future value.
IF and when this starts being traded 1 for 1, I will change my tune about it, but right now, at least in my mind it makes no sense for a company to take on the risk.
URO has perceived value until the first trade is made and confirmed, that's true, after the first trade is made, the value is no longer perceived but now its tied to Urea, after all you can exchange it for Urea so it should be worth the same price as Urea, like bank notes, because you could exchange them for actual gold originally, there value was tied to gold.
Even if 1 trade is made, that does not give it a real value. If that trade is made, that doesn't mean the price on the exchanges is just going to shoot up either. It's only a real value if it can maintain that price. Just because I can sell $30 watch to a naive person for $350 does not make it's value $350. It's still high speculation. Doesn't mean I won't keep my eye on it, but I'm speculative. And unfortunately I have real work to do, time to close the BCT.org.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.
But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.
Its only a gamble for the first company, after they deliver URO and probably only the first trade is risky, after that the price will correct up, people can dump the price, but if the community informs all the exporters/importers they will start putting money in to buy up the cheap URO coins, its like saying if you saw people selling gold for half price, and it was true, wouldn't you sell your house to buy that even up to a 10% discount price.
Yes, it's a HUGE gamble for the 1st company! They are essentially giving $3.75 million dollars worth of product for coins which equal $75K today. No one else sees this as a problem? You keep saying, "the price will correct", "it will go up to 1 tonne = 1 URO." No business in their right mind would make a deal like this based on nothing more than basic speculation.
But its not speculation if they deliver on their order, the price is bound to go up, so its not a risk, its certainty
But it's not a certainty at all! As long as you, me, and any guy can trade it on an exchange it's very far from a certainty. It's far, far, far more speculation then certainty. Even you have to see this.
Buy you don't get it when something is backed by a commodity it will always be worth the commodity, if someone starts dumping it for any less its there own stupidness, people will just start buying it up, If started selling 1 kg gold vouchers with actual price of $100,000 for $50,000, and people cashed out to gold, and it worked, what do you think will happen? I assure you those vouchers will be bought up in seconds, furthermore URO is going to bring new services and merchant tools, which is why it might trade over normal price, why do you think all these bank notes backed by gold worked? if the bank started selling a $100 bill for $1, do you not think one guy would just purchase it all, if there is certainty, no dump can crash the market.
Comparing URO to gold is not a fair comparison. GOLD has a real value. URO has PERCEIVED value.
Urea is commodity, it has real value, gold is much more speculative than Urea, Urea is used everywhere so it will always be needed, whereas the main use of gold is aesthetic products, not saying gold is not important, but both are very real, and have value, why else is there a market for urea?
I didn't say UREA, I said URO. Of course UREA has a real value. Gold also has a REAL value. URO on the other hand has a perceived FUTURE value of 1 tonne of UREA. But that's not its REAL value. It's real value is around $6-7 or 2% of it's perceived future value.
IF and when this starts being traded 1 for 1, I will change my tune about it, but right now, at least in my mind it makes no sense for a company to take on the risk.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.
But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.
Its only a gamble for the first company, after they deliver URO and probably only the first trade is risky, after that the price will correct up, people can dump the price, but if the community informs all the exporters/importers they will start putting money in to buy up the cheap URO coins, its like saying if you saw people selling gold for half price, and it was true, wouldn't you sell your house to buy that even up to a 10% discount price.
Yes, it's a HUGE gamble for the 1st company! They are essentially giving $3.75 million dollars worth of product for coins which equal $75K today. No one else sees this as a problem? You keep saying, "the price will correct", "it will go up to 1 tonne = 1 URO." No business in their right mind would make a deal like this based on nothing more than basic speculation.
But its not speculation if they deliver on their order, the price is bound to go up, so its not a risk, its certainty
But it's not a certainty at all! As long as you, me, and any guy can trade it on an exchange it's very far from a certainty. It's far, far, far more speculation then certainty. Even you have to see this.
Buy you don't get it when something is backed by a commodity it will always be worth the commodity, if someone starts dumping it for any less its there own stupidness, people will just start buying it up, If started selling 1 kg gold vouchers with actual price of $100,000 for $50,000, and people cashed out to gold, and it worked, what do you think will happen? I assure you those vouchers will be bought up in seconds, furthermore URO is going to bring new services and merchant tools, which is why it might trade over normal price, why do you think all these bank notes backed by gold worked? if the bank started selling a $100 bill for $1, do you not think one guy would just purchase it all, if there is certainty, no dump can crash the market.
Comparing URO to gold is not a fair comparison. GOLD has a real value. URO has PERCEIVED value.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.
But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.
Its only a gamble for the first company, after they deliver URO and probably only the first trade is risky, after that the price will correct up, people can dump the price, but if the community informs all the exporters/importers they will start putting money in to buy up the cheap URO coins, its like saying if you saw people selling gold for half price, and it was true, wouldn't you sell your house to buy that even up to a 10% discount price.
Yes, it's a HUGE gamble for the 1st company! They are essentially giving $3.75 million dollars worth of product for coins which equal $75K today. No one else sees this as a problem? You keep saying, "the price will correct", "it will go up to 1 tonne = 1 URO." No business in their right mind would make a deal like this based on nothing more than basic speculation.
But its not speculation if they deliver on their order, the price is bound to go up, so its not a risk, its certainty
But it's not a certainty at all! As long as you, me, and any guy can trade it on an exchange it's very far from a certainty. It's far, far, far more speculation then certainty. Even you have to see this.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.
But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.
Its only a gamble for the first company, after they deliver URO and probably only the first trade is risky, after that the price will correct up, people can dump the price, but if the community informs all the exporters/importers they will start putting money in to buy up the cheap URO coins, its like saying if you saw people selling gold for half price, and it was true, wouldn't you sell your house to buy that even up to a 10% discount price.
Yes, it's a HUGE gamble for the 1st company! They are essentially giving $3.75 million dollars worth of product for coins which equal $75K today. No one else sees this as a problem? You keep saying, "the price will correct", "it will go up to 1 tonne = 1 URO." No business in their right mind would make a deal like this based on nothing more than basic speculation.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
its not going to take much btc to URO to urea price 500 btc, the company won't make a loss, because they wont sell at a loss, when the importers are finally aware, they will buy URO coin of exchanges bringing the volume, your point about btc doesn't correspond to URO because bitcoin is backed by nothing, so you can't guess its value, whereas with URO coin you will always get 1 tonne of urea, hence you should be expected to pay that much.
But it still makes no sense. You shouldn't be able to get 1 tonne of urea with 1 URO because the the prices don't equal up! It's a $3 million dollar gamble to each and every company who would agree to this! If someone is really willing to put 500 BTC+ to buy it all the way up, people are just going to dump it back down. As long as it's on an exchange it's just not worth the same amount because the dev said so. If right now it was going to ~$300 dollars a coin it MIGHT make more sense, but for now it would be a monumental gamble for a company to accept it as a payment.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
FAQ
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
Is URO coin a scam?
You have to come to your own conclusion here but when do you see scammer show his real identity and fight for his coin with a passion https://www.youtube.com/watch?v=HsHF0C_gPck, and don't forget this coin had no ipo, no premine, just an active competent dev.
What is URO coin?
Uro is a cryptocurrency which is being backed by GES currently to offer 1 Tonne of Urea for 1 URO, soon other companies will join in the revolution, its essentially like a bond
Why use URO coin when we could use bitcoins?
Urea's price is volatile and depends on many factors and so is bitcoin, you can peg two volatile thing against each other, Uro is essentially a future bond, that you would always get 1 tonne of Urea for, its like how the government bank started with gold backing the dollar.
Why use not use coloured coin?
URO is getting many new features, including a live urea exchange market for urea trading, mobile app, and many more features where having your own coin makes this easier to implement
Why would these companies give you $300 worth of Urea for $6?
The company is not going to sell the URO coin at a loss, they will simply hold it, until the market catches up the price of Urea, which will not take to many btc, and will happen in weeks as soon as news of URO coin spreads.
The minimum order is 12,500 tonnes of Urea why?
These are large companies that deal with big orders, they probably don't want to deal with small orders, however when this coin becomes more mainstream, I am sure resellers or other companies will allow for smaller orders.
What are the advantages to using URO coin?
Urea cannot be stored, so you only buy as much as you need and cannot buy and store, URO changes that by allowing farmers to buy URO for the future.
Price of Urea can be a speculative market this allows traders to speculate on the price
Plenty of fees can be saved instead of doing bank transfers
No need to trust third party with future orders, any company who agree to the term will always accept 1 Uro for 1 tonne of Urea
Whats planned next?
Currently the dev is working on bringing us the mobile wallet - picture
This is my concern and biggest question regarding the entire coin and project. Not many have the capital to hold onto an asset that "might be worth A LOT more in the future." Right now it's too beneficial for someone to just go buy this coin at $6 dollars and sell it to a naive company for $300 and make incredible bank off of the deal, while the other sits on a large investment. At 12500 being the minimum, if the coin never reaches this price of 1 Tonne of Urea, any company making this deal is taking a monumental risk that very well could bankrupt a company. If you could explain why a company would take that much risk, I am all ears. From that standpoint it just doesn't make sense.
It's like me telling you right now that BTC will be worth $10,000 in the future and that's the value you should give to me RIGHT NOW. No one in their right mind would do that and that's where my skepticism comes in.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
Left is a happy and proud Bohan, right is an exhausted Bohan that hasn't slept for 3 days, woke up to a crash and calmed the community after the bullshit FUD you posted about URO, his eyes are almost popping out.
You have no credibility anymore altcoinherald, GTFO.
Dude, if I can crash a 'multi-million dollar' coin with one blog post then I have more credibility than everyone else in the altcoin industry.
Think about that for a second.
actually they look liek the same guy to me... honestly.
Right that is an exhausted Bohan that hasn't slept for 3 days. It seems legit.
People asked him questions and he responded that they were 'f**cking stupid.'
He also said you either have 'faith' in URO or GTFO. That's generally not the most comforting thought for investors. This ain't religion, after all.
Really? What else did you expect? He is getting asked the same stupid question a million times over, only a matter of time before he snaps, as any other human would.
I really wish you would grow a pair of balls and identify yourself by name altcoinherald.
Haha if it is a legit deal he has no reason to snap at anyone as he could just sit back and watch it grow and profit. Being so bitterly defensive didn't help his case IMO.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low...
It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today.
Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.asp
In 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000
....
Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne
http://www.infomine.com/investment/metal-prices/phosphate-rock/all/
So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !!
It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today.
Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.asp
In 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000
....Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne
http://www.infomine.com/investment/metal-prices/phosphate-rock/all/
So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !!
This explanation completely flies in the face of the reality of business.
Urea sellers are not speculators, and if they were they wouldn't be stupid enough to take a risk on Uro anyway.
They have bills to pay on a daily basis that get paid by selling Uro that day. They may take profits but their margins are not anywhere near being able to give urea away for free for 5 years. Holy shit a 10 year old wouldn't buy this.
Every day they have bills to employees, utilities, taxes, many other expenses. They pay these with sales of urea that occur with an immediacy that does not allow for speculation. End of this ridiculous point.
I understand what you're saying for sure. They can pay the bills with the thousands of dollars that they save in broker fees, bank fees and all of the middlemen along the way. The buyer of urea would even be willing to pay a fiat surcharge under the table for the shipment if it stills saves them money at the end of the day. URO will allow for the transfer of wealth from the middle men to everyday people. They will have plenty of money to pay their bills. Most of these companies are sitting on millions of dollars of assets anyways.
Why does everyone keep talking about the $1000's in bank fees?! Can someone show me a transaction where you pay THOUSANDS in bank fees? AND, if they were this worried about bank fees, why not use Bitcoin? You know, another crypto currency with a fairly stable value? It makes NO sense why they would use URO over BTC, no sense at all.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
Here's an analogy that will help concerned people understand why a urea seller today would accept 12,500 URO for 12,500 tonnes or urea when the price of URO is so low...
It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today.
Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.asp
In 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000....
Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne
http://www.infomine.com/investment/metal-prices/phosphate-rock/all/
So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !!
It's simply a permanent store of wealth. Urea has a limited shelf life. The producer can't store urea for 5 years then sell it so what can they do to retain their value? Simple, accept 12,500 URO for equivalent purchase of urea today.
Take a look at gold in 1900, it was only $20 usd per ounce but is stable today well over $1000 usd per ounce. http://www.onlygold.com/coins/Gold-Double-Eagles.asp
In 1900 a lot of experts knew that the value of gold had the potential to reach over $1000 but they weren't willing to pay it because they can keep the gold for 100 years because gold will last 100 years. The is really no difference between gold and URO except for one major feature. URO protocol means that 1 URO = 1 tonne of urea. Obviously URO will last forever (like gold) and it's a store of wealth. Even if it takes 100 years to reach $300 per URO it's still a store of wealth. With URO you have the option of accepting it for urea and keeping it or you can go out any day in the future and get 1 tonne of urea or sit on URO for 100 years and watch it reach 300 usd. The interesting thing is though what happens if there is some world event that causes market price of 1 tonne of urea to reach $1000 per tonne? Simple, now 1 URO = $1000
....Look at what happened to the phosphate market (also a component of fertilizer). In the mid 2000's phosphate skyrocketed in price from $50 per tonne to almost $450 per tonne. This could happen to urea prices, there is no reason that they can't skyrocket to over $3,000 per tonne
http://www.infomine.com/investment/metal-prices/phosphate-rock/all/
So in theory if you own only 10 URO and some earthquake or drought causes a lower worldwide supply of urea and send urea price to $3,000 per tonne your 10 URO are now worth $30,000 USD !!
My favorite quote from this. I mean...obviously.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
It's obviously a different person. You can tell in the nose.
Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer
No - I am saying - the PAPER documents show the signatues that LEGALLY bind the 4 distributors to accept URO for their UREA. If you look up the 4 distributors, they are all LEGIT and still in business.
Do your own research... I would do it for it for you but then you would just claim I made the documents up... or photoshopped them... cause u know thats how people act here.
Do your own research... I would do it for it for you but then you would just claim I made the documents up... or photoshopped them... cause u know thats how people act here.
You are not answering the question. Are there any documents that verify a business deal between the two companies for the sale of Urea for URO? Won't they need some type of documentation for tax purposes? What if the seller doesn't deliver?
Blind faith man. Just have blind faith. Most investors don't need concrete proof....right?