EURO stablecoin (EURS) and STASIS wallet explained
Reformulating the volatility of cryptocurrencies, EURS is a stable coin with a design standard offering its users “stability”. Pegged to euro, EURS digitally mirrors its stability and convertibility over a decentralized framework.
EURS and Euro share a 1:1 value exchange which propagates it competitively in the market against the traditional counterpart. Moreover, EURS needs a platform to advance into the real economy and STASIS is the channel that offers shape to this idea. EURS cynosure is to offer institutional users, government bodies and individuals access to a transparent economy.
EURS has become the first stable coin with a fiat-collateral to be classified as a legal virtual currency status that lowers its entry barrier to the real-time market. The extreme volatility of the cryptocurrencies has left users at a high-risk stage, down-sliding the adoption. With the stability EURS brings in, it is the right instrument to meet the fast-growing needs of the European institutional investor who want to leverage the advantages of digital currencies.
How is EURS different for a regular currency?
EURS is the much-desired sanctuary from the volatility of the cryptocurrency market along with the off-chain asset transfer. Given to the technicalities, EURS is an ERC-20 token and is fully compliant with EIP-20 Ethereum Standard. The stable coin was launched on June 27, 2018, and is listed on HitBTC, Tokens.net, DSX, ePayments and more.
Securities can be used as collaterals to subscribe for EURS so that the users do not have to go for bank transactions always. Mitigating the risk STASIS ecosystem works in a collateral form that renders free flow of assets between the traditional currency and cryptocurrency market.
How EURS enters the mainstream economy with STASIS?
The STASIS’ network of partners renders fiat-to-EURS tokenization. In the process, traditional currency is reserved to back the digital counterpart that eliminates the volatility of EURS and makes it a stable coin.
The liquidity network of STASIS sells EURS back which is then eliminated from the circulation. This ensures a limited supply of EURS, creating a value balance between the traditional currency and EURS. Via three-step fiat reserves, STASIS validates on a daily basis that every single EURS is backed with euro.
STASIS propagates a two-way currency flow in a legal manner for EURS.
STASIS wallet and how it adds to the liquidity of EURS?
Crypto economy conversion and transactions are brought to EURS by the STASIS Wallet. It eliminates the transaction fee of the EURS conversion to ETH or BTC. Capping the network fee to 50 cents per EURS, it eliminates the need to pay a fee in GAS.
Before EURS came into existence, the ERC20 token holders had to pay the network fee in GAS. The STASIS wallet the transfer protocol handles the network fee in a different manner so that the token holder does not have to bother about the GAS fees for transacting EURS.
Download of STASIS Wallet
You can download it from this page. Or just scan the codes below:
Usage of STASIS Wallet
A EURS holder can use STASIS Wallet for below activities
To send EURS, the wallet address of the receiver needs to be scanned or pasted. The sender needs to select the Amount in EURS/ and the Fee type in EURS/ and go for a one-click SEND.
The sender can choose to keep the transaction Public/Private.
To receive EURS one needs to get the code of the wallet scanned into the sender’s device or share the wallet address right below the code with the sender.
STASIS wallet allows you to exchange the EURS with BTC or ETH. You need to enter the amount and swap it.
Receive EURS with a Promo code
If you have a Promo code to receive EURS, go to settings and enter the Promo code. Once it is applied your STASIS wallet will receive your free EURS.