Xaurum (CRYPTO:XAUR) Market Cap Hits $15.86 Million Posted by Anthony Miller | Feb 11th, 2018
Xaurum (CURRENCY:XAUR) traded 3.9% lower against the US dollar during the 24-hour period ending at 5:00 AM E.T. on January 27th.
Xaurum has a total market cap of $15.86 million and $94,460.
00 worth of Xaurum was traded on exchanges in the last day. During the last week, Xaurum has traded 11.9% lower against the US dollar.
One Xaurum token can now be bought for about $0.12 or 0.00001541 BTC on cryptocurrency exchanges including Livecoin, C-CEX, HitBTC and Mercatox.
Here is how related cryptocurrencies have performed during the last day: Get Xaurum alerts: Ripple (XRP) traded down 9.
8% against the dollar and now trades at $1.00 or 0.
00012342 BTC. Stellar (XLM) traded 9.7% lower against the dollar and now trades at $0.37 or 0.00004581 BTC.
NEO (NEO) traded 9.7% lower against the dollar and now trades at $102.54 or 0.01266290 BTC.
IOTA (MIOTA) traded down 15.5% against the dollar and now trades at $1.67 or 0.
00020627 BTC. TRON (TRX) traded 13.2% lower against the dollar and now trades at $0.0426 or 0.
527 BTC. Tether (USDT) traded down 0.4% against the dollar and now trades at $1.00 or 0.
00012369 BTC. VeChain (VEN) traded 16% lower against the dollar and now trades at $3.94 or 0.00048670 BTC.
Populous (PPT) traded down 23.4% against the dollar and now trades at $24.89 or 0.00307433 BTC. Binance Coin (BNB) traded down 9.
3% against the dollar and now trades at $8.71 or 0.00107517 BTC.
Status (SNT) traded 9.1% lower against the dollar and now trades at $0.22 or 0.00002702 BTC.
Xaurum Profile
Xaurum’s genesis date was August 18th, 2016. Xaurum’s total supply is 127,134,648 tokens. Xaurum’s official website is www.xaurum.
org . Xaurum’s official Twitter account is @xaurumofficial and its Facebook page is accessible here . The Reddit community for Xaurum is /r/xaurum and the currency’s Github account can be viewed here .
According to CryptoCompare, “Xaurum (XAUR) is a smart contract & token system built on Ethereum.
It was developed from the previous PoS blockchain, Xaurum (XAU) which was migrated to the Ethereum platform to lower costs and inflation associated wwith mantaining a Proof of Stake 2.0 cryptocurrency. Xaurum is gold backed crypto asset, that derives its value from the gold reserves maintained by the Auresco Institute, a non-profit organization created by the Xaurum team. Xaurum is ment to be used as a store of value since the gold base that backs Xaurum is always growing.
The former cryptocurrency, Xaurum (XAU) had an ICO period, in which 1016 XAU coins were sold. In the RICO period, these XAU coins are exchangeable for XAUR at a 1-8000 rate. During this RICO period, anyone was also allowed to send cryptocurrencies and fiat currencies to the Auresco Institute to recieve newly created XAUR. In this smart contract system, the old PoS XAU coins that were swapped and the ones that were minted in the RICO period will be in circulation (all of these coins have been backed by gold), and the remaining supply is locked (the locked supply is not backed by gold).
Xaurum users have two ways of acquiring tokens, you can earn them in the “Goldmine” or Mint them. When mining on the Goldmine, users are exchanging their hashpower in a multipool. The earned coins from staking and mining these cryptocurrencies is used to buy more gold and to release Xaurum that was previously locked into circulation, by backing it with the newly bought gold. The proceeds from the Multipool can also be used to buy Xaurum in an exchange and pay the miners, depending on the market value of Xaurum, mined cryptocurrencies and the gold itself.
when Minting new coins, users are allowed to send fiat currencies directly to the Auresco Institute in exchange for new coins. These users are called Masternodes but they do not mantain the blockchain. Instead, they are required to have a 1000 XAUR collateral (like Dash masternodes), in order to create new coins. This ensures that any fraud attempt would not be profitable for the Xaurum masternodes. Profits from running the PoW multipool and from the Minting process are sent to the Commonwealth wallet, and allow the Xaurum system to increase their gold supply at a must faster pace than the XAUR supply itself. “
Xaurum Token Trading
Xaurum can be traded on the following cryptocurrency exchanges: Mercatox, C-CEX, Livecoin and HitBTC. It is not possible to buy Xaurum directly using U.S.
dollars. Investors seeking to trade Xaurum must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX.
Investors can then use their newly-acquired Ethereum or Bitcoin to buy Xaurum using one of the exchanges listed above.
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