Xaurum is a representative cryptocurrency based on an increasing amount of gold. It is designed as a store of value on the ledger, and uses distribution of profit of money creation (seigniorage) to achieve its goal. Regardless of the technology of its implementation, Xaurum could be summed up as an economic game with the next economic agents: the commonwealth gold reserves, traders, users, money creators, money destroyers and the foundation. Increase of the commonwealth gold provides the basis of unity of interests of all economic agents, this is the main systemic function of seigniorage, its other functions are used to regulate the particularity of the interests of economic agents into unity.
Xaurum is a cryptocurrency with a growing gold reserves commonwealth as its base of value. It strives to produce a better form of money regarding its storage of value, and the systemic functions of money such as distributive seigniorage, its elasticity of money supply and profitable inflation. Xaurum can always be melted - exchanged for their vase value in gold and destroyed, regardless of their market price and the market price of gold. It uses cooperative coinage (minting and mining) in creating new money supply, that benefits all users by increasing the commonwealth gold and profits the minters and miners at the same time.