Xaurum Trading Down 2.7% Over Last 7 Days (XAUR)

Xaurum (XAUR) traded 1.4% higher against the dollar during the twenty-four hour period ending at 21:00 PM Eastern on August 18th. One Xaurum coin can currently be bought for $0.0249 or 0.00000109 BTC on popular cryptocurrency exchanges. Xaurum has a market capitalization of $1.78 million and approximately $19,262.00 worth of Xaurum was traded on exchanges in the last day. Over the last week, Xaurum has traded down 2.7% against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Binance USD (BUSD) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00004366 BTC.
  • BITCOIN ADDITIONAL (BTCA) traded down 2.3% against the dollar and now trades at $22,888.77 or 1.00000000 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded down 0.1% against the dollar and now trades at $1.00 or 0.00004362 BTC.
  • Mammoth (MMT) traded 0.8% higher against the dollar and now trades at $1.01 or 0.00004426 BTC.
  • Polygon (MATIC) traded down 6.2% against the dollar and now trades at $0.83 or 0.00003642 BTC.
  • yOUcash (YOUC) traded down 0% against the dollar and now trades at $0.51 or 0.00002234 BTC.
  • FTX Token (FTT) traded 3% lower against the dollar and now trades at $29.26 or 0.00127821 BTC.
  • Chainlink (LINK) traded 6.9% lower against the dollar and now trades at $7.53 or 0.00032882 BTC.
  • Geegoopuzzle (GGP) traded 1.6% lower against the dollar and now trades at $16.18 or 0.00070680 BTC.

About Xaurum

Xaurum is a coin. Its launch date was August 18th, 2016. Xaurum’s total supply is 71,186,095 coins. 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. Xaurum’s official website 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 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 presently possible to buy alternative cryptocurrencies such as Xaurum directly using U.S. dollars. Investors seeking to trade Xaurum should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Xaurum using one of the exchanges listed above.

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