Digital Asset Entirely Backed by Physical Euro
Euro Token (EUROT), is a collateralized stablecoin running on the Avalanche C-Chain, Polygon and Ethereum blockchains, and its price is always fixed to the euro.
EUROT
EUROT Euro Token
The CryptoEquivalent of the Euro
EUROT is a cryptocurrency with a physical equivalent. For every EUROT generated, the same value of euro is added to the company’s vaults. Euro Token (EUROT) aims to make the euro more accessible to everyone and facilitate euro transactions.
Trade 24/7
Euro Token (EUROT) is a digital asset that can be traded 24/7.
Traceable on Blockchain
All EUROT transactions can be traceable on the blockchain.
1:1 Equivalence with Physical Euro
The ratio between Euro Token (EUROT) and physical euro stored in safe deposit vaults is 1:1.
No Storage Cost
Unlike physical euro, EUROT investors are not charged custody, transfer, and administration costs.
Convertible to Turkish Lira
Investors holding EUROT can convert their assets into Turkish lira via bitlo.com, one of Turkey’s prominent cryptocurrency trading platforms.
24/7 Support
You can get 24/7 support for your token tradings to make an investment in the correct way.
How does Euro Token (EUROT) work?
Euro Token (EUROT), which is issued in the equivalent of euro, is generated on the Avalanche C-chain, Polygon and Ethereum blockchains. For every EUROT generated, the same value of euros is added to the company’s treasury. Investors can store EUROT tokens in compatible cryptocurrency wallets.
A smart contract has been created to maintain the supply-demand balance between EUROT and fiat euro. When a EUROT token is generated, the same value of euro is automatically added to the company’s treasury by this smart contract.
When the amount of euros in the company’s treasury decreases, EUROT tokens in the equivalent value are burned by the smart contract. Thus, the 1:1 ratio between the EUROT and the fiat euro in the company’s treasury is always maintained. This ensures that the EUROT is not affected by sudden price fluctuations on cryptocurrency exchanges.
What are the advantages of Euro Token (EUROT)?
Price Stability
Euro Token (EUROT), like all stablecoins, aims to provide price stability to its investors and protect them from sudden price fluctuations in the cryptocurrency market.
Trading without Middlemen
EUROT facilitates its holders’ access to physical euro. Thanks to blockchain technology, it is possible to execute euro transactions with EUROT from anywhere in the world, every day and every hour. Due to the decentralized structure of the blockchain, there is no need for intermediaries such as banks in executing transactions with EUROT.
Peer-to-Peer Transfers
EUROT can be sent peer-to-peer, directly from one wallet to another. Thus, EUROT transactions are much faster, less costly, and more secure than transactions in physical euro.
Transparent Structure
Euro Token (EUROT) is completely transparent. Stablecoin traders usually have to rely on the company’s declaration of collateral. You can always see the supply of EUROT and its physical counterpart on the blockchain.
Frequently Asked Questions
All the answers you seek about EUROT
EUROT is a stablecoin that offers price stability in the cryptocurrency market with sudden price fluctuations. With EUROT, whose price is supported by the physical equivalent, euro transactions can be made 24/7 from anywhere in the world.
EUROT is not a mineable cryptocurrency. EUROT is supplied by Token Technology in such a way as to maintain a 1 to 1 ratio balance with the euro.
You can easily and safely buy EUROT from Bitlo, one of the leading cryptocurrency exchanges in Turkey.
EUROT is a collateralized stablecoin. For every EUROT token in circulation, an equal value of euro is held in the company’s treasury.
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