Xaurum (XAUR) Trading 15.7% Lower Over Last 7 Days

Xaurum (CURRENCY:XAUR) traded down 13.9% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on February 5th. In the last seven days, Xaurum has traded 15.7% lower against the U.S. dollar. Xaurum has a market capitalization of $14.78 million and approximately $100,057.00 worth of Xaurum was traded on exchanges in the last day. One Xaurum token can now be purchased for approximately $0.12 or 0.00001593 BTC on exchanges including Mercatox, HitBTC, Livecoin and C-CEX.

Here is how similar cryptocurrencies have performed in the last day:

  • Ripple (XRP) traded down 15.4% against the dollar and now trades at $0.72 or 0.00009816 BTC.
  • Stellar (XLM) traded 12% lower against the dollar and now trades at $0.35 or 0.00004766 BTC.
  • NEO (NEO) traded down 21.4% against the dollar and now trades at $87.56 or 0.01186290 BTC.
  • IOTA (MIOTA) traded 17.3% lower against the dollar and now trades at $1.52 or 0.00020543 BTC.
  • Tether (USDT) traded up 0.7% against the dollar and now trades at $1.00 or 0.00013576 BTC.
  • TRON (TRX) traded down 19.5% against the dollar and now trades at $0.0324 or 0.00000438 BTC.
  • VeChain (VEN) traded down 25.3% against the dollar and now trades at $3.63 or 0.00049155 BTC.
  • Populous (PPT) traded down 23% against the dollar and now trades at $38.66 or 0.00523831 BTC.
  • Binance Coin (BNB) traded down 21% against the dollar and now trades at $6.92 or 0.00093730 BTC.
  • Status (SNT) traded 16.1% lower against the dollar and now trades at $0.19 or 0.00002550 BTC.

Xaurum Token Profile

Xaurum launched on August 18th, 2016. Xaurum’s total supply is 127,105,429 tokens. 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. The official website for Xaurum is www.xaurum.org.

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. “

Buying and Selling Xaurum

Xaurum can be bought or sold on the following cryptocurrency exchanges: Mercatox, HitBTC, C-CEX and Livecoin. It is not possible to buy Xaurum directly using US dollars. Investors seeking to trade Xaurum must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Xaurum using one of the exchanges listed above.

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