/biz/ - Business & Finance

>What is it?
Xaurum is a gold backed crypto (think DigiX) with an ever-increasing gold/Xaur ratio

>How does it work?
Transaction fees are distributed to the commonwealth via regular gold purchases. New Xaur can be mined or minted (minting requires ~$1m and enables direct fiat deposits for Xaur), however, new Xaur can only be created when the current market price is above the previous production price (the previous market price Xaur was minted/mined at) therefore creating built-in scarcity hedging against market crashes. Due to these properties, Xaur represents a steadily growing fund backed by physical gold.

>Who is it for?
While a short term pump is possible, and 11.2Ksats is a steal (compare to Strat which has similar circulating supply and far less innovation) this is a long-haul coin. As you can see, the ratio grows rather slowly (although a sudden influx of /biz/raelites might send it to the moon idk)

>You have peaked my interest
www.xaurum.org
https://bitcointalk.org/index.php?topic=1546279.0