The price of 1 Xaurum consists of approximately 20% of gold and 80% supply and demand from the market. Currently all Xaurum coins are backed with just 129kg of gold, so they are still in the very beggining. Every kg of gold that is being added is pushing the price of Xaurum coin up. And this is the real beuty of this coin, because it has a real and constantly growing value. Currently Xaurum is arround 80th position on coinmarketcap and with a very big potential, so it is a good idea to keep an eye on it :)
You are viewing a single comment's thread from:
The problem you are not getting is when you say "backed by" you literally mean they have gold stored away, and they do not. You can not "back" a currency by something you do not own... sorry, but I'm afraid you are not understanding.
Who am I?
BORIS!
How do you mean they do not own?
Of course they do. The gold is from Nadir, one of the biggest raffinery of gold in the world (if not the biggest) and it is stored in Loomis (the biggest company in the world which stores gold). And if Xaurum holder wants to receive the gold in his/hers hand, he/she can get it. See the pictures :)