STASIS EURO (EURS) info
Token contract address:
($1.16 | STASIS EURS Token (EURS) Token Tracker | Etherscan)
Project Website:
STASIS - https://stasis.net/eurs;
Discussion
EURS is the largest euro-backed digital asset, combining the benefits of the world’s second most-traded currency with the transparency, immutability, and efficiency of the distributed ledger technology. Created by stablecoin crypto-enabler platform STASIS, EURS mirrors the euro’s value on the blockchain and is supported by assurance mechanisms provided via an ecosystem of liquidity providers, custodians, exchanges, payment platforms, and others. Each token is backed 1:1 by euros held in the company’s reserve accounts.
STASIS is a trusted legit platform focused on transparency with a solid track record and vast expertise in technological, financial, and legal fields (1). Since all EURS are backed with fiat euro, there is no risk for investors and everyday users, who can always exchange their digital assets thanks to the Sellback Service (2).
EURS stablecoin combines experience, trust, technology, and financial infrastructure to enable business growth, narrowing the gap between the European financial and the digital asset markets. This in-house solution utilizes multi-blockchain interoperability to shortcut financial inefficiencies, often present in old-school financial systems. The project has popular global social media accounts and multiple local communities in different countries (over 60.000 members total) and a diverse investor base that includes institutions.
Since USD-backed stable coins are heavily dominating the market, Europeans/Asians are often forced into undesired dollar exposure with little on-chain hedging options. EURS stablecoin seeks to challenge the U.S. Dollar’s dominance in global financial markets. By 2021 it has become a popular tool for daily transactions, free of risks and volatility inherent in conventional cryptocurrencies. The potential of stablecoins use cases has been recognized in times of crisis, and the demand for EURS is growing steadily in the DeFi field (3).
Tokenomics
EURS is the largest euro-backed digital asset in 2021. As an EIP20/ERC token, it’s the first stablecoin to introduce delegated payments on the Ethereum network. Users no longer have to pay GAS fees in order to make transactions. Instead, they can pay transaction fees in EURS or any other digital asset supported by the STASIS wallet (4) — a huge improvement in terms of user experience.
STASIS business model for EURS is simple: the project custodians pay a small yield from the reserves and STASIS ecosystem participants to share revenue from customers company refers to them. Custodians take risks that are allowed by their category 2 investment firm license as by MiFID 2. Generally, it’s overcollateralized lending against liquid collateral accepted for REPO operations by ECB - meaning sovereign bonds.
Community and Communication
STASIS is active on Telegram, Twitter, Facebook and has established accounts in most popular crypto social media. The project team also operates and regularly updates a YouTube account (5). STASIS and EURS are often mentioned in global press media (6). Gregory Klumov, the founder and CEO of the STASIS EURS project, is the project’s main spokesperson (7), often sharing his view on crypto. The STASIS website includes a mailing address in lsle of Man, and a contact e-mail (8). There is also a phone number provided.
Available Audits
STASIS provides three verification streams: daily statements, weekly verification from and quarterly audits by BDO Malta. All the information is available publicly (9).
Market and Trading Data
- EURS price at the time of writing is $1.20.
- All-time high: $1.38 (May 15, 2019).
- All-time low: $0.9808 Mar 13, 2020).
- Price 90 days ago: $1.24.
- 31,979,207 tokens in circulation.
- No data on maximum supply.
- The current market capitalization is $37,863,404.46.
- The EURS token is available on HitBTC, Tokens net, Changelly, Bitfinex, OkCoin and other exchanges (10).
- The 24-hour spot volumes range from $1.16 to $1.20.
% impacted to the progress of Bancor.