Xaurum (XAUR) Price Hits $0.0221 on Exchanges

Xaurum (CURRENCY:XAUR) traded 42% higher against the U.S. dollar during the 1 day period ending at 15:00 PM ET on October 14th. Over the last seven days, Xaurum has traded 37.9% lower against the U.S. dollar. Xaurum has a market capitalization of $1.57 million and $51,660.00 worth of Xaurum was traded on exchanges in the last day. One Xaurum coin can currently be bought for approximately $0.0221 or 0.00000038 BTC on exchanges.

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

  • Starname (IOV) traded 3.9% lower against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00001723 BTC.
  • Chainlink (LINK) traded up 11.1% against the dollar and now trades at $27.25 or 0.00046960 BTC.
  • Polygon (MATIC) traded up 2.4% against the dollar and now trades at $1.32 or 0.00002639 BTC.
  • Axie Infinity (AXS) traded up 18.1% against the dollar and now trades at $141.56 or 0.00243940 BTC.
  • Polygon (MATIC) traded 2.7% higher against the dollar and now trades at $1.26 or 0.00002173 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded 3.5% higher against the dollar and now trades at $55.41 or 0.00095479 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00001724 BTC.

Xaurum Coin Profile

Xaurum is a coin. Its genesis date was August 18th, 2016. Xaurum’s total supply is 71,186,129 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. “

Buying and Selling Xaurum

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

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