EURS

Overview of STASIS EURO (EURS)

STASIS EURO (EURS) is a specific type of cryptocurrency, often referred to as a stablecoin because its value is tied directly to the Euro, making it more stable than other types of cryptocurrencies. Each EURS token is backed 1:1 by the Euro and held in reserve by STASIS. Launched in June 2018, this cryptocurrency aims to blend the vast potential of the cryptocurrency market with the stability and reliability of traditional currencies.

The STASIS EURO operates on Ethereum's blockchain technology, offering transparency and immutability. The company performs regular audits to ensure that every token is fully backed by an equivalent amount of fiat currency. It is used for various purposes in the digital platform including buying and selling goods or services. It also has a significant function in DeFi (Decentralized Finance) platforms for lending, borrowing, and yield farming capacities.

To obtain more information, you can visit their website: https://stasis.net and try to log in or register to use more services.

Pros and Cons

Pros:

1. Stability Linked to the Euro: As a stablecoin, the value of EURS is tied directly to the Euro. This means that unlike other cryptocurrencies, its value remains comparatively stable and less prone to volatile fluctuations. The risk of rapid value depreciation, as seen with many other cryptocurrencies, is significantly reduced.

2. Transparency Through Ethereum Blockchain: Operated on the Ethereum blockchain, EURS ensures transparency to investors. Transactions made using EURS are recorded on the blockchain, providing an open and immutable ledger that safeguards against fraud.

3. Benefits From Regular Audits: To verify that each EURS token is backed by the appropriate amount of reserve assets, regular audits are performed. This helps to build investor confidence by ensuring that the company practices what it preaches.

4. Usable in DeFi Platforms: Many DeFi platforms accept EURS. This enhances the utility of EURS as it can be used for lending, borrowing, and participating in yield farming.

Cons:

1. Requires Trust in Reserve Management: Although EURS is audited, the system requires some level of trust in the management of reserve assets by STASIS. Concerns can rise if, for any reason, investors start doubting the companys reserve management.

2. Dependent on Ethereum Network Stability: The functionality of EURS largely depends on the stability of the Ethereum network. Any issues or congestion in the network can pose challenges to its users.

3. Less Potential for Growth Compared to Non-stablecoins: While the value stability of EURS is its advantage, this feature also limits its potential for price appreciation. Investors seeking rapid growth might not find EURS as appealing as more volatile cryptocurrencies.

4. Not Immune to Overall Cryptocurrency Market Risks: Despite being a stablecoin, EURS is not completely immune to the overall risks associated with the cryptocurrency market, such as regulatory changes and cybersecurity threats.

Crypto Wallet

STASIS Wallet is a non-custodial wallet developed by STASIS to provide users with a secure and user-friendly way to store and manage digital assets, including the EURS stablecoin.

It supports multi-currency storage, allowing users to hold Bitcoin, Ethereum, DAI, and other popular cryptocurrencies alongside EURS.

The wallet offers delegated transfer functionality for Ethereum-based transactions, enabling users to pay transaction fees in ether or EURS.

With its intuitive interface inspired by mobile banking, users can easily send, receive, and exchange digital assets within the wallet.

Additionally, the integration of WalletConnect protocol allows seamless connection to decentralized applications (Dapps) and decentralized finance (DeFi) platforms.

While the wallet prioritizes security by encrypting and storing private keys locally on users' devices, it's important for users to adhere to best practices for safeguarding their funds, such as using strong passwords and enabling 2FA.

What Makes STASIS EURO (EURS) Unique？

STASIS EURO (EURS) brings a unique blend of the crypto industry's potential with the stability of traditional fiat currency - the Euro, to the market. The principal innovation of EURS lies in its being a stablecoin. While most cryptocurrencies experience considerable volatility due to market dynamics, EURS provides the direct opposite. This is mainly due to its value being backed 1:1 by Euro reserves, bringing a level of stability unmatched by other more volatile coins.

Moreover, its operation on Ethereum's blockchain technology sets it apart by offering the transparency and immutability benefits of blockchain. While other cryptocurrencies are also based on similar technologies, the value stability combined with the benefits of blockchain technology is what makes EURS distinctive.

Another distinguishing factor is the regular audits that the company performs. These audits are meant to assure investors that the digital tokens' value is reliably pegged to and backed by an equivalent amount of fiat reserves held by the company.

How does STASIS EURO (EURS) Work？

STASIS EURO (EURS) operates using a model referred to as “tokenization,” which involves representing real-world assets (in this case, the Euro) as digital tokens on a blockchain.

To explain further, each EURS token corresponds to one Euro held in reserve by STASIS, which serves as the issuer. Hence, when new tokens are created or “minted,” an equivalent amount of Euro is added to the reserves. Conversely, when tokens are destroyed or “burned,” the corresponding amount of Euro is subtracted from the reserves. This process plays a fundamental role in ensuring that each EURS token maintains its one-to-one parity with the Euro.

In terms of transaction, since EURS operates on the Ethereum blockchain, it uses smart contract technology. Every transaction involving EURS (or any other token on the Ethereum network) requires the 'gas' (fee) to be paid in Ethereum's native token, Ether (ETH), to incentivize miners to validate and add the transaction to the blockchain.

Moreover, STASIS heavily emphasizes transparency and trust. To achieve this, they conduct regular audits of their physical cash reserves and publish the results to reassure users and investors that every EURS token is indeed backed by one Euro.

Despite its stability and liquidity features, being a stablecoin, EURS does not eliminate the common risks associated with cryptocurrencies, such as market fluctuations, regulatory changes, and cybersecurity threats. Thus, discretion should be exercised while investing or transacting with EURS.

Market & Price

EURS, a stablecoin pegged to the euro, currently trades at $1.08 on Mar 30, 2024, with a slight 0.06% increase over the last day. With a market cap of $134,078,301, it demonstrates stability, reflecting its intended purpose as a stable asset. Despite minor fluctuations, EURS has maintained its peg to the euro effectively. Its all-time high stands at $1.40 (Apr 27, 2021), while the all-time low is $0.8571 (Nov 09, 2022).

Exchanges to Buy STASIS EURO (EURS)

STASIS EURO (EURS) can be purchased and traded on numerous cryptocurrency exchanges worldwide.

• Balancer: Balancer is a decentralized exchange (DEX) that offers automated portfolio management and liquidity provision on the Ethereum blockchain. It allows users to trade ERC-20 tokens with customizable asset allocations, providing flexibility and efficiency in trading.

• XSWAP: XSWAP is a decentralized exchange built on the Ethereum blockchain. It offers peer-to-peer trading of various ERC-20 tokens, providing liquidity pools and automated market-making services. Users can swap tokens directly from their wallets without the need for intermediaries.

• Curve: Curve is a decentralized exchange optimized for stablecoin trading and low slippage. It specializes in efficient swapping between different stablecoin assets, offering low fees and minimal price impact. Curve is popular among traders seeking to exchange stablecoins at minimal cost.

• Indodax: Indodax is one of the largest cryptocurrency exchanges in Indonesia, offering a wide range of digital assets for trading. It provides a user-friendly platform with features like spot trading, futures trading, and staking services, catering to both novice and experienced traders.

• HitBTC: HitBTC is a global cryptocurrency exchange known for its advanced trading features and extensive asset selection. It offers spot trading, margin trading, and over-the-counter (OTC) trading services for a wide range of digital assets, including EURS.

• ExMarkets: ExMarkets is a centralized cryptocurrency exchange that provides a platform for trading various digital assets, including EURS. It offers features such as spot trading, margin trading, and staking, catering to both retail and institutional traders.

• DFX Finance: DFX Finance is a decentralized exchange and liquidity protocol built on the Ethereum blockchain. It offers permissionless trading and liquidity provision for ERC-20 tokens, with features like yield farming and governance participation. DFX aims to enhance DeFi accessibility and efficiency.

How to Store STASIS EURO (EURS)？

STASIS EURO (EURS) can be stored in several wallets:

• Stasis Wallet: Stasis Wallet is the official wallet provided by Stasis, the issuer of STASIS EURO (EURS). It is a secure and user-friendly mobile wallet designed specifically for storing and managing EURS tokens. Users can easily send, receive, and store EURS directly within the wallet.

• Metamask: Metamask is a popular Ethereum wallet that also supports ERC-20 tokens like EURS. It is a browser extension wallet that allows users to interact with decentralized applications (DApps) and securely manage their Ethereum-based assets. Metamask provides features for easy token management and transaction signing.

• Exodus: Exodus is a multi-currency wallet that supports a wide range of cryptocurrencies, including EURS. It offers a user-friendly interface and built-in exchange functionality, allowing users to easily manage their digital assets and perform token swaps within the wallet.

• Monolith: Monolith is a non-custodial Ethereum wallet and Visa debit card that supports ERC-20 tokens like EURS. It allows users to store, send, and receive Ethereum-based assets securely, while also providing convenient access to fiat spending through the Monolith Visa card.

• Argent: Argent is a smart wallet for Ethereum and ERC-20 tokens, designed with a focus on simplicity and security. It offers features such as one-tap transactions, gasless transfers, and built-in DeFi integrations, making it easy for users to manage their EURS tokens and interact with decentralized finance protocols.

• SafePal: SafePal is a hardware wallet designed for securely storing cryptocurrencies, including ERC-20 tokens like EURS. It features an air-gapped design, biometric authentication, and support for multiple blockchain networks, providing users with a highly secure and user-friendly storage solution.

• Coinomi: Coinomi is a multi-currency wallet available on both desktop and mobile devices, supporting a wide range of cryptocurrencies, including EURS. It offers features such as built-in exchange services, portfolio tracking, and secure storage, making it a comprehensive solution for managing digital assets..

While selecting a wallet, do consider factors like security, convenience, control over private keys, and compatibility with different cryptocurrencies.

Is It Safe？

EURS is generally considered safe as it operates as a stablecoin pegged to the euro, offering stability and predictability in value. However, like any digital asset, its safety depends on factors such as the security of the underlying blockchain and the reliability of the issuer. EURS is built on the Ethereum blockchain, which is well-established and secure.

Additionally, EURS is audited by reputable firms like CertiK, adding an extra layer of assurance. However, users should still employ best security practices when dealing with any digital asset, including using reputable wallets and exchanges, enabling two-factor authentication, and safeguarding private keys.

How to Earn STASIS EURO (EURS)？

Earning STASIS EURO (EURS) can be accomplished in various ways. Here are some objective and professional pieces of advice:

1. Buy on Exchange: The most direct way of acquiring EURS is to purchase it from a cryptocurrency exchange. As previously mentioned, EURS is available on multiple platforms including Indodax and HitBTC amongst others. Before buying, do thorough research on the exchange's reliability, transaction fees, and security measures.

2. Trading: If you are a seasoned trader with a deep understanding of market trends, you could potentially profit by trading EURS against other cryptocurrencies or stablecoins. Given its stability, EURS can serve as a safe haven during volatile market swings.

Conclusion

STASIS EURO (EURS) is a unique form of cryptocurrency known as a stablecoin. It combines the potential of the crypto industry's decentralization and digitalization with the stability of traditional fiat currencies to offer its users some degree of stability in the often volatile crypto market. With its value tied directly to the Euro, the risk of rapid depreciation, as experienced by many other cryptocurrencies, is significantly reduced.

Despite having less growth potential compared to more volatile cryptocurrencies, EURS' stability and DeFi integration make it an asset of interest in the crypto space. Also, its robust trust measures, including Ethereum-based transparency and regular audits, make it a unique offering in the crypto world.

In terms of appreciation, being a stablecoin, EURS doesn't experience the same price appreciation that more volatile cryptocurrencies might. However, by participating in DeFi platforms, trading, and other activities, individuals can still earn profits using EURS.

FAQs

Q: What is STASIS EURO (EURS) in the crypto space？

A: EURS is a stablecoin type of cryptocurrency, with its value pegged 1:1 to the Euro, and it operates on the Ethereum blockchain system.

Q: How does STASIS EURO ensure stability in its value？

A: EURS maintains stability by tying its value directly to the Euro, which serves as its backing and is held in reserve by STASIS.

Q: What does “backed 1:1 by the Euro” mean for STASIS EURO？

A: It signifies that for every EURS token issued, there is one Euro held as reserve, ensuring that the price of each EURS token remains equivalent to one Euro.

Q: How does EURS differ from other cryptocurrencies on the market？

A: Unlike traditional cryptocurrencies that experience significant value fluctuations, EURS provides relative stability because its value is directly linked to the Euro, and it emphasizes transparency through blockchain technology and regular audits.

Q: How can I store my EURS tokens securely？

A: EURS tokens can be securely stored in Stasis Wallet, Metamask, Exodus, Monolith, Argent, SafePal, and Coinomi.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.