The split of Xaurum, also split the price.

There were many questions about what was going on in late August of 2016 with Xaurum. The graph on the coin market cap shows drastic price drop, but the reason for it is often misinterpreted. The price didn’t drop but it split by 8000.

Growth can have its downsides too and the growth of Xaurum price in the first year, made it too expensive for traders and its low supply presented a problem for market demand. At the same time such high price made micro transactions more difficult. This community concerns were acknowledged Xaurum team decided to split the coins (1 XAU = 8000 XAUR). At the same time an upgrade of Xaurum’s technology happened, as it migrated from its Blackcoin PoS blockchain to the Ethereum platform.

Xaurum was split in 1:8000 ratio.

On 22.8. the SPLIT happened. Example: if someone was holding 1 XAU worth 800USD, he or she got 8000 XAUR each worth 0,1 USD (8000 x 0,1 USD = 800USD). As you can see on the graphs there was no drop since the market cap stayed the same. Actually the decisions to split the currency proved to be the right one since the market cap increased immediately.