What Is Xaurum Cryptocurrency? – The CoinCryptoz


With the advent of smartphone-enabled payment portals and finance apps, the landscape of the payment market has been changed irreversibly. Experts suggest that this trend is here to stay, especially since blockchain technology has become increasingly prevalent.

Xaurum can be thought of as a representative cryptocurrency that is based upon a gold reserve model and is ever-increasing in its value. To be more specific, this alt-currency is designed to be a value storage entity that distributes profit obtained from created money (seigniorage), thereby allowing investors to earn steady revenue streams on the side.

Xaurum brings together a host of different financial entities to establish a stable ecosystem. Some of these key economic agents include:

  • A commonwealth gold reserve
  • Traders and buyers
  • Money creators and destroyers

Moreover, an increase in the amount of commonwealth gold provides the basis of unity of interests for all economic agents within this platform. Since physical gold is used as the standard that determines the exchange value of Xaurum, the entire process is dictated by a centralized body – Auresco Institute – that oversees the creation and destruction of money. This independent body was created for the specific purpose of overseeing the money creation process, which sustains itself via the rebate it generates automatically.

Overview

  • This currency is based upon a Profit Inflation Model. As more Xaurum tokens are created and exchanged, the greater the value of each coin (in gold) becomes.
  • Since the currency is backed by physical gold, it has the potential to keep growing in value over time.
  • Currency holders have the option of exchanging their tokens for real gold at any time.
  • Transaction fees are gathered and maintained in a common ledger. After a defined period of time, the accumulated value is then distributed among all of the users of this network.
  • Because the platform is driven by the Ethereum blockchain, it is able to provide users with a high level of security and privacy.

Key Features

Firstly, Xaurum proposes a shared system that allows for the even distribution of seigniorage between the principal money creator and the rest of the users. This not only helps democratize the way in which the entire setup runs but also establishes more consumer confidence.

Overview of Xaurum’s business model

Additionally, to promote increased system usability, the platform separates the consensus mechanisms of implementation from the value on the ledger, thereby allowing for the incorporation of newer technologies as they are developed. Not only that, but Xaurum uses the commonwealth concept in an effort to unify the interests of money creators and users.

The cost of this currency is determined by two primary factors:

  • Quantity of gold reserves
  • Market price

All other functions of the token are based upon its role as a value storage unit. Its value is a combination of intrinsic digital asset information and extrinsic value as a representation of a physical asset.

                           

 The flow of money within the Xaurum ecosystem

Lastly, Xaurum controls the issue of artificial scarcity in a unique manner. It bases its scarcity model upon the quantity of gold required for new money to enter circulation, thereby allowing for more currency stability.

How Xaurum Works

The value of Xaurum (or XAUR) tokens increases with each newly issued coin. As a result, the amount of gold backing the currency becomes greater relative to the amount of XAUR issued.

Every transaction processed through this platform allows for an increase in revenue for XAUR holders.

Transaction scheme employed by the platform

It should also be noted that Xaurum provides its customer base with stable monetary growth, and all acquired profits are distributed equally among coin holders.

Positive inflation (or an increasing gold ratio) also plays a part in all this, and as time progresses, new Xaurum mints will add the full value of gold to the gold base. Every new edition of Xaurum covers the value of the previous one with fresh gold.

Additionally, every transaction gradually improves the XAUR/gold ratio, with each transaction leaving behind a small revenue stream which then encompasses the remaining cash stock.

Lastly, this currency is easily transferable, mobile and borderless. Its short liquidation time means everyone can sell Xaurum through an exchange in less than five seconds.

About the project

Gasper Kenda is the co-founder of this venture. In addition, Gasper is also the CEO of Auresco Institute. In the past, he has been linked with many high-profile projects and has been in the digital domain for nearly a decade now.

Matija Pribosic is the back end developer for this platform. His previous work experience includes:

  • Raspotija — co-editor and graphics advisor
  • DPU SND — visiting lecturer and faculty member
  • Tribuna — student correspondent and writer

Lastly, Roman Puhek is one of the technical brains behind this project. He has been in this sector for some time now and has previously worked at:

  • Aragorn — CEO and owner
  • Libereko — co-founder
  • Marand — management board advisor

Token Performance History

Introduced into the crypto market back in 2015, XAUR has experienced many highs and lows over the course of the past three years.

XAUR token three-month performance chart (courtesy of CoinMarketCap)

In August 2016, the currency was trading for US$0.11. XAUR’s value surged in 2017 when the price of a single token touched US$0.285. In recent weeks, the price of XAUR has stabilized, and its value currently stands at US$0.081 per token (as of the 5th of April, 2018).

Final Thoughts

Xaurum brings to the table a highly innovative crypto service that has the potential to become one of the most talked about cryptocurrencies of 2018. Since gold can never go out of fashion, it remains to be seen how the investment market will continue to utilize this platform and foster its use around the world.

If you would like to start investing in Xaurum, XAUR trading pairs are currently available on HitBTC, Livecoin, Mercatox, and C-CEX.

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