Review on Xaurum by Syed Adnan
World’s first cryptocurrency that is based on gold.
It derives its value from a real asset, in this case, it's gold. It can be destroyed or melted in exchange for true gold. It has presented itself as a unique cryptocurrency that supports true assets. As a result, prices have risen substantially.
It has been featured on a number of media platforms. Forbes noted it as one of the 5 cryptocurrencies to keep an eye on in 2020.
Pros
- The platform design was inspired by the need to create a flexible platform, where users could move to an updated code with relative ease by being automatically transferred using proxies. Also, this token design will also ensure the adaptability of future changes without the need to change the code of the core token.
- It is based on gold. It represents a certain amount of gold that can be exchanged through melting.
- Works on a profitable inflation model, which means the value will increase in proportion to its currency and consumption.
Cons
- Market forecasters believe that its price is down for a long time considering volatility.
