What is Xaurum (XAUR)?
Future of XAUR Cryptocurrency and know how to buy XAUR

#1 - What is Xaurum (XAUR)?

Xaurum (XAUR): The Basics

  1. Xaurum claims to be the world’s first cryptocurrency that is based on gold. It derives its value from an increasing amount of gold, which is owned by the Xaurum Commonwealth and stored at Loomis’ Turkish office in form of 1 kg and 0.5 kg bars of certified 999.9 investment gold. The Xaurum Commonwealth is supervised by the Auresco Institute in Slovenia, EU.
  1. Xaurum is denoted by its ticker “XAUR” (previously “XAU”).
  2. The value of each XAUR token is based on a certain amount of gold. If the amount of Xaurum gold increases, the value of each XAUR token increases with it. Users can globally exchange their XAUR tokens for Xaurum gold. This exchange process is called Melting.
  3. Xaurum is an open-source project, it has based its code on Ethereum blockchain to create its own Xaurum Golden Blockchain. Xaurum blockchain provides a transparent ledger to record the distribution of gold by the Xaurum commonwealth.

Xaurum Development

  1. Gasper Kenda started the Xaurum project back in March 2015. In 2014, he founded Auresco Institute, a legal entity that regulates the Xaurum commonwealth.
  2. Gasper is the project leader of Xaurum and served as the CEO of Auresco till May 14, 2018, when he was replaced by Zdravko Poljasevic.
  3. Initially, each Xaurum token had a base value of 1g gold, which with the gain of 226% was measured to 2.26g gold in one year.
  4. In June 2016, Xaurum project entered into its second phase of development, which brought about many changes into the Xaurum cryptocurrency. Each old Xaurum token (XAU) was split into 8000 new Xaurum tokens to increase the total supply of Xaurum.
  5. Another major change that happened during this transition into the second phase, was porting the project to the different blockchain. In the beginning, Xaurum ran on the Proof-of-Stake blockchain, which was later discarded in favour of Ethereum blockchain.

 

#2 - What are the Benefits of Xaurum (XAUR)?

Xaurum technology

  1. ERC20 & Ethereum Blockchain: XAUR is an ERC20 token, based on the Ethereum blockchain which enables smart contract functionality for the cryptocurrency and allow developers to create decentralized applications based on the Ethereum blockchain. The use of the blockchain also ensures a decentralized ledger to record the accounts of distributed gold.
  2. Xaurum proxies are the user interfaces that enables the use of Xaurum basic functions such as sending and receiving Xaurum. Xaurum proxies allow continued use of Xaurum even if the codebase of the Xaurun token is being updated. This is possible because the updated proxy redirects to the upgraded Xaurum platform with prior balance. The current status of Xaurum Proxies can always be checked on XaurumProxyContract, which contains details about the status of all available proxies.
  3. The platform design was motivated by the need to create a flexible platform, where users are automatically migrated by using Xaurum proxies, to a updated code with relative ease. In addition, this token design will also ensure the adaptability of future changes, without needing to change the code of core token.
  4. Seigniorage refers to the profit generated from creating money (or in the case of cryptocurrencies - the profit generated from mining). It is always awarded to those involved in the generation of money, and not the users. Xaurum intends to change this by proposing a shared system that distributes this profit equally.
  5. Coinage: Since, Xaurum is a gold-based cryptocurrency, The platform follows a centralized process of token creation and destruction. A coinage process is performed by the users, under the supervision on Auresco Institute. In return, users receive XAUR tokens at lower rates than that in the market. Masternodes form the primary mining mechanism.
  6. Marternode: Users will require a masternode and 8000 XAUR tokens, in order to mint new XAUR. However, the need for minting is determined by the price of previous minting. Only higher token price will be considered as a sign of token demand; thus a lower price of token will restrict the minting

Key features of Xaurum

  1. ProfitableInflation: Xaurum functions on the profitable inflation model, which means that the value of Xaurum will increase in proportion to its coinage and use.
  2. Gold Base: Xaurum is based on gold. It represents a certain amount of gold that can be exchanged through melting.
  3. Commonwealth: Xaurum features the world’s first digital commonwealth. This commonwealth is legally represented by Auresco Institute.
  4. Shared Fee: The Xaurum commonwealth collects all transaction fee on the platform, which is later distributed among all users.
  5. Guarded Blockchain: Xaurum is Ethereum-based blockchain platform. The decentralized nature of blockchain ensures a secure and transparent platform by eliminating the need for involving any outside party.

 

#3 - How to buy and store Xaurum (XAUR)?

How to buy Xaurum?

Users have multiple options of buying XAUR tokens. Auresco officially allows the users to purchase XAUR token through masternode, in two ways, users can either buy XAUR in one-time purchase or they can opt for Xaurum saving program, which allows buying XAUR for fixed monthly payments.

  1. Xaurum cryptocurrency is available to trade on global cryptocurrency exchanges such as HitBTC, Livecoin, Mercatox. CCEx, Radar and EtherDelta. XAUR is mostly paired with BTC.
  2. Users can feel overwhelmed by comparing XAUR rates on multiple exchanges, that’s where CoinSwich steps in.
  3. CoinSwitch is the largest cryptocurrency exchange, it provides a unified experience of cryptocurrency trade. At CoinSwitch, users have access to all leading exchanges, which allows comparing the rates and trading cryptocurrencies at a single place. It offers exchangeability between more than 300 cryptocurrencies.

How to store Xaurum?

Xaurum is based on the ERC-20token model, so only ERC-20 compatible wallets should be used to store XAUR. Some popular options are listed below:

  • MyEtherWallet (web wallet)
  • MetaMask (Extensions for Chrome and Firefox)
  • Coinomi Mobile wallet (Android and iPhone)
  • Cipher (Android and iPhone)
  • Ledger Nano S (hardware wallet)
  • Trezor (hardware wallet)

 

#4 - What is the future of Xaurum?

Trend so far

  1. As of July 2018, Xaurum has a market capitalization of more than $4.4 million with 127,132,930 XAUR tokens in circulation.
  2. Xaurum’s previous incarnation - “XAU” - started trading in the global cryptocurrency market on April 21, 2015, with a initial price of $53.00.
  3. Since Xaurum’s value increases in proportion to the increase of Xaurum commonwealth, the increase of commonwealth gold from 1 kg to 17 kg resulted in the substantial hike of its price to $530, by June 2016.
  4. On August 22, 2016, each old Xaurum was divided into 8000 Xaurum, so the price of old Xaurum also saw a division by a factor of 8000. Since then its price has remained volatile and as of July 2018 its price is at $0.0346.

Also Read: Complete Analysis of Xaurum | Live Xaurum (XAUR) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

0.045487

0.047606

0.043355

0.047423

3,936

5,782,850

Jan 01, 2018

0.152583

0.158990

0.139616

0.147631

113,765

19,394,200

Jun 01, 2017

0.247442

0.279370

0.238351

0.246081

160,305

28,135,200

Aug 01, 2016

484.73

520.67

478.20

504.63

1,954

3,628,920

Oct 01, 2015

143.22

147.95

141.62

142.61

7,428

145,516

Apr 21, 2015

53.00

65.02

44.93

55.52

3,753


#5 - How is Xaurum is different from other cryptocurrencies?

  1. Unlike other cryptocurrencies, Xaurum derives its value from a real asset, in this case, that is gold. It can be destroyed or melted in exchange for real gold.
  2. Xaurum features a platform where seigniorage is distributed among the commonwealth and its users.
  3. Xaurum works on a profitable inflation model that increases the value of money supply.
  4. New XAUR tokens can only be minted if there’s a sufficient amount of Commonwealth gold. To mint new XAUR tokens, users will require a masternode and 8000 XAUR in their possession.

 

#6 - Should you invest in Xaurum?

  1. Xaurum has presented itself as a unique cryptocurrency that is backed by a real asset. This has allowed the Xaurum prices to increase substantially.
  2. Xaurum has been featured in several media platforms. Forbes mentioned Xaurum as one of the 5 cryptocurrencies to keep an eye on in 2018.
  3. Although the market forecasters believe that its price is up for the long run, considering the volatility of cryptocurrency market, do your own research.
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