Xaurum (XAUR) Price Hits $0.0228 on Major Exchanges

Xaurum (XAUR) traded 11.5% higher against the dollar during the twenty-four hour period ending at 22:00 PM ET on May 14th. In the last week, Xaurum has traded down 13.7% against the dollar. One Xaurum coin can now be purchased for approximately $0.0228 or 0.00000076 BTC on major cryptocurrency exchanges. Xaurum has a market cap of $1.62 million and $23,261.00 worth of Xaurum was traded on exchanges in the last day.

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

  • BITCOIN ADDITIONAL (BTCA) traded 1.2% higher against the dollar and now trades at $29,999.17 or 1.00000314 BTC.
  • Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00003341 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00003337 BTC.
  • Polygon (MATIC) traded down 3.4% against the dollar and now trades at $0.68 or 0.00002252 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • FTX Token (FTT) traded up 0.2% against the dollar and now trades at $31.48 or 0.00104936 BTC.

Xaurum Profile

Xaurum is a coin. Its genesis date was August 18th, 2016. Xaurum’s total supply is 71,186,098 coins. Xaurum’s official website is www.xaurum.org. The Reddit community for Xaurum is /r/xaurum and the currency’s Github account can be viewed here. Xaurum’s official Twitter account is @xaurumofficial and its Facebook page is accessible 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 a 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 meant 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 are 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 maintain 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 Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Xaurum directly using US dollars. Investors seeking to trade Xaurum should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Xaurum using one of the aforementioned exchanges.

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