What you'll learn 👉
Introduction
The introduction of bitcoin is often equated with the time of gold rush in the U. S. A., but this is wrong, because the bitcoin would be directly linked to the development of gold.
In addition, a currency nowadays has four basic functions with the storage of value, the ability to store it as a commodity, the measurement of a value and the standardisation of values.
Xaurum was developed to use the functions, because the Xaurum Coin sees itself as the golden blockchain.
What is the Xaurum Coin?
Xaurum is a cryptocurrency, which is supposed to represent a rising value of gold and can also be converted into real gold.
The transformation of Xaurum into gold is called melting. The value behind Xaurum is also tied to gold, making the base behind the currency particularly stable.
The Xaurum CommonWealth stores real gold. The physical management of CommonWealth will be handled by the Auresco Institute, but the digital administration and development will be carried out by the Ethereum Network.
With special features, Xaurum Coin?
The cryptocurrency is based on real gold and is also exchangeable in gold. In addition, the swapped gold is also available worldwide.
Xaurum is mined in the so-called gold mine, where a higher number of minerals leads to increased profitability.
The blockchain behind Xaurum is also convincing because it is based on the established and recognized Ethereum blockchain. As the use of Xaurum increases, the amount of gold is continuously increased, so that the value is permanently secured.
Due to the increasing number of Xaurum coins, the value of a single coin increases, in which case Xaurum speaks of profitable inflation.
In order to make the cryptocurrency attractive, all transaction fees are borne by the CommonWealth.
The CommonWealth in particular is a special feature of the cryptocurrency embodied by the non-profit institute Auresco.
What is the market capitalization of Xaurum Coin?
The cryptocurrency Xaurum is traded under the synonym XAUR. At the time of the Initial Coin Offering (ICO), however, the price of a coin was around USD 80, which was diluted due to a coin increase, so that it is currently quoted at USD 0.18.
The price of a coin is at 0.15 USD right now.
This dilution was not negative for investors, however, as the new coins were distributed to investors and only the existing coin numbers changed.
This increase in market capitalization was positive because, at the time of the Initial Coin Offering, it was still trading at market cap around USD 100,000 in October 2017, but then reached USD 22.5 million. It is at $20 million USD right now.
The daily trading volume is also USD 585,000 and thus 2.5 % of the total market capitalization. In recent months, Xaurum reached a high of USD 0.22 on September 18.
In addition, the currency is characterized by low volatility, so that the daily maximum and minimum do not show large spreads.
The majority of the exchange takes place between Bitcoin and Xaurum, which means that a total of 64% of daily trading takes place between these two cryptocurrencies.
You can’t buy it directly for fiat on any exchange. You can choose the best coin exchange for your region and buy BTC there, then trade it for XAUR on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is trustworthy and has acceptable fees and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is a good Coinbase alternative. Coinmama is also safe exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit place to trade crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet
or KeepKey
, those are the safest options. You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets. We have also compared top 3 hardware wallets: Ledger vs Trezor vs KeepKey.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
