Quote from: gerymakgyaer on July 27, 2018, 01:11:40 PM

XAURUM MELT MECHANISM WORKS PERFECTLY

Since the beginning of Xaurum project, there are questions about whether xaurum can simply be exchanged for physical gold. Community members know that the process is simple and anyone who wants to take advantage of this option can do it any time for any number of xaurum. The exchange mechanism is commonly known as Melt.

https://cdn-images-1.medium.com/max/600/1*eM376wiC3N8zuHckeVsizQ.jpeg

Melting exchanges Xaurum for gold according to the gold backing ratio at the time of melting. The holder, who wishes to melt his xaurum in gold, completes the form on our website. According to the ratio that is valid at the time, he melts his xaurum, and receives the gold to his home. Historically proven, the ratio always increases in favour of the amount of gold. A year and a half ago for one gram of gold 2000 XAUR had to be melted and today less than 1000 are required. Gold backing is the guaranteed amount of gold that the holder receives, regardless of the market.

Melt is especially useful when the price on the market is lower than the value of gold behind each xaurum, which is current reality. Individual holders in that way gain more value with melt than with their sales on the market.

Yesterdays melt, which has noticeably changed the numbers, proves also to the most eager skeptics that the mechanism works perfectly. This time 11.756.237,69 XAUR has been exchanged for 11.962,00 g (11,962 kg) of physical LMBA certified, good delivery gold of the highest 999,9 quality.

The ratio between the amount of gold and the issued XAUR remains unchanged, therefore the amount of gold behind each xaurum stays the same.
https://medium.com/@xaurumofficial/xaurum-melt-mechanism-works-perfectly-8eed4f78752d

Questions:

#1: where is the actual PHYSICAL gold, that backs the XAUR that are in existence, stored?
#2: is there an audited real-time way to verify that the amount of gold is actually there? (similar to or better to how https://bullionvault.com does it)?
#3: exactly what is the ratio for minting NEW tokens of XAUR? in other words, what is the BASE EXCHANGE RATE of how much gold 1 XAUR token represents?
#4: is there a way to know/see, in real time or near real time, the exact amount of gold that backs each XAUR token?
#5: can all XAUR tokens be withdrawn at one time? in other words, is there any fractional method employed?
#6: is there any demurrage? if not then HOW are storage and insurance fees paid for?

IMHO, as a suggestion, it would be extremely good to have answers to such basic questions made to be very prominently obvious and accessible via your website - - - I reviewed your documentation and website and this information is not at all clear.

awaiting answers - - - thanks!

CryptoSupporter777

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