"One of the main complaints leveled against cryptocurrency by its skeptics is that it is not backed by any sort of store of value. (Usually these same individuals forget that most fiats are no longer backed by anything like gold, silver, or some other precious metal.) One project, Xaurum, is looking to change this with its “golden blockchain.”
Xaurum is a representative unit of value on the “golden blockchain.” That blockchain is a transparent, public ledger that maintains the distribution of actual gold held by the Xaurum Commonwealth. This token was originally part of Blackcoin’s PoS blockchain, but now lives in the Ethereum ecosystem.
This coin can be mined in pools or alone, and is directly exchangeable for the gold value stored in Xaurum’s gold reserves. This gold may be delivered globally as well. The project itself is represented by a non-profit organization, the Auresco Institute."
Read the full article here...
https://themerkle.com/xaurum-gamma-builds-the-first-crypto-smart-street/