Understanding that Uro’s utility is not affected by traders on exchanges

true-asset

Jr. Member
*
Online OnlineActivity: 56
Posts: 187

Uro: Backed by Millions of Tons of Urea Fertilizer

View Profile WWW Email Personal Message (Online)
Trust: 0: -0 / +0(0)

Today at 12:14:40 AM
Reply with quote Edit message Delete message  #604

The point is not to know if OP can be a horse behind a computer or not.I want to understand the idea behind the project.
I don’t see how the project is helping the farmers using urea.
Cryptocurency lead to massive pump and dump. How can we expect people to rely on it ?
What if millions of people lose all their wealth and are forced to starvation because of a dump from a nerd with a massive GPU farm ?
This is a caricature but do someone see the point ?

Uro’s utility to a farmer is not affected by the behaviour of traders on the exchanges: A farmer that holds Uro will get his/her Urea when he/she needs it – without having to worry about Urea or Uro price changes – because the Uro Protocol legally binds the NIERs to this commitment for the next ten years – with more NIERs joining the Foundation in the coming months. This commitment is just the beginning – because it currently only caters for whole ship orders of 12,500 MT – we are in ground-breaking discussions with Urea wholesalers right now to facilitate smaller orders. We invision that one day, 1 MT Urea purchases will be possible with Uro.

All of this is possible because of the Uro Protocol backing Uro to 1 MT of Urea. Its unique, its different – its not a backing to USD, its not a backing to any fiat currency or even any cryptocurrency. Uro is a different animal all together – a currency backed to a manufactured commodity – a commodity that is crucial to the upkeeping of civilization.

All that have ever been released upon this community in the past has been concentrated on getting a high BTC exchange rate, but BTC itself is volatile – and so is any other currency including fiat. Uro is the fresh approach – a backing to the real needs of the human race – the need to grow food.

Think about this – if a war breaks out and your life is in danger – what is a bank note? what is even a gold bar? The only thing that matters is safety and sustenance. Food and whatever is required to produce it are the only constants – the only things that are universally valued in the same way by every  person on earth – if fact – they are the only things universally valued by all life everywhere. It does not matter if its a plant, an animal, a human or an alien – all have to eat.

Report to moderator

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s