Bitcoin Forum

No really know what you want to do? The info sees a little ......

it is a stable coin for fiat currencies
people say cool decentralized exchange deex gonna list it soon

https://www.deex.exchange/

indeed
you are right
we gonna do that tomorrow

Oh gosh....one more stable coin...

Who is doing auditing of STASSIS EURS stable coin and how much is total supply of coins? Only Big Four company?

Token or coin... We really need a bit more information...

We provide three verification streams to ensure the sufficiency and transparency of the balances for all STASIS accounts:

Daily statements based on statements from the counterparty
Quarterly verification by a Big Four company
Verification by a Big Four company on demand of an onboarded entity

At the moment total supply of tokens is 12 291 000 EURS. You can always check and see our daily statements here: https://stasis.net/transparency/

Love this question about "token" or "coin"... I've read the opinions in the respective thread about the difference between "coins" and "tokens", let me share our approach. We think that while a coin is a virtual asset, an inherent and integral part of a distributed ledger technology associated with it, a token is a crypto-asset, an inherent and integral part of a smart contract, executed on top of an independent distributed ledger. So EURS is a coin. Regarding our auditors -- we are announcing them soon,some paperwork needs to be finalized before we speak of them publicly.

I've checked your https://stasis.net/eurs/ (https://stasis.net/eurs/). I do understand use cases and they of course make sense. How it works however is too complicated. I understand that it is hard to explain, however there are some terms that just don't have an explanation good enough. Like for example security? What do you mean exactly by that term?

Token or Coin question I believe, to rephrase it, means: Ethereum or blockchain on its own. STASIS uses ethereum network but EIP-20 coin, thus it is a token (I guess). Could you maybe explain a bit more why is EIP-20 standard better for you than ERC-20 standard? What are the pros and cons?

On this page, by securities we mean financial instruments, as in https://www.investopedia.com/terms/s/security.asp
We plan to be able to tokenize not just fiat money, but assets like options, bonds, futures, swaps... You just bring us some stocks, we store them in our reserves and issue for you as much EURS as they are worth.



Not that there are actual "cons"... we chose EIP rather out of perfectionism :) as it is finalized and formalized ERC, officially adopted and announced.

You wrote. "The EURS marker is a virtual financial asset that is designed for digital mirroring of EUR based on 1: 1." And what follows from this? You are not going to withdraw your coin to the exchange? There after all the coin at the rate of 1: 1 will not be on sale?

Please explain more by reading this I learned almost nothing about your project, at least to see your whitepaper
I want to invest in this, your project is very ambitious

Thank you for the answer.

Tokenize securities? From traditional sectors?
For example, I come to you with a stock of Apple. Let's say that atm the Apple worth is 200 EUR. I put stock in to your reserve and you give me 200 EUR forever? What if that stock price drops? Will you be keeping them or selling instantly?
Storing them means that you are exposed to a market risk, thus your business is basically also depended on your financial/investment knowledge. I wouldn't want to "sell" you security for EURS and see you fail because, you haven't sold enough stocks in your reserve. You default and my EURS are worthless.

Anyone who holds EURS can transfer them to an exchange where EURS is listed and trade cryptos with them. Then at any moment you can exchange other cryptos to EURS on exchange and  transfer them to your STASIS wallet.A token holder can sell them to receive traditional fiat assets. EURS will be always 1:1 to the euro.

We do not have a public whitepaper since we are not planning an ICO. We have Terms Of Token for clients, and a strong Legal Opinion. We can share all this with you under a non-disclosure agreement for a known entity. Please contact us at co@stasis.net.

I've consulted my colleagues, here is more accurate information:

We can mirror your stock on the blockchain and issue the crypto version of your stock to you. It is not EURS.

The tokenized stock is backed by actual one in our custody. Hence, there’s never a price inconsistency between the two.

And if I sell my tokenized stock or it gets stolen, is than the owner of that actual stock a person that holds the tokenized stock? If that person comes to claim the original stock, you just give it to him?

Secondly, why would I want to use that service to create a tokenized stock, if I have a "normal" one in my possession? I can't think of an example, when would I have the need for this service.

No one other than you can claim the rights to your asset because we would  want a proof of ownership through a KYC procedure.

regarding your second question, there are in theory lots of reasons to tokenize stock, lots of ideas of what to do with it, but there is no infrastructure to implement these possibilies yet. We are building the tokenization platform, this is our part. Other parts of infrastructure are being built by companies that chose to develop them. We take the part of tokenizing your stock -- safely, transparently, with legal complience, and so on -- and you decide what to do with it :)

Tokenization is, in fact, converting rights to an asset into a digital token. After that, you are supposed to operate your asset through operating tokens, which gives you all the benefits of the blockchain everybody talks about: transparency, the removal of intermediaries, hence higher transaction speed and lower fees, expanded range of potential counterparties (in traditional finance, certain groups of investors have problems accessing certain types of markets, like, people from Asia have a lot of trouble trying to invest in American real estate), and so on.

It is interesting to see everybody being so obsessed with security tokens that actually offer zero value right now as infrastructure to trade them is non existent.

It is also not a regulatory arbitrage tool as all security laws and requirements will apply to security tokens similar how they applied to securities.

in simple words: dont expect an option to send apple stock over blockchain any time soon, regardless of the possibility to create one within platforms like stasis

One more stable coin.
We should soon have special coinmarketcap website only for stable coins  ::)
I think there are to many of stable coins, and they most look a like

We invite you to bring your project to our exchange, Altmarkets is a Cryptocurrency 6,000 members and over 100 coins listed. Focusing on lower-tier altcoins we push each coin listing with social media announcements as well as to our growing social channels.

Our BCT Announce: https://bitcointalk.org/index.php?topic=4687148.0 (https://bitcointalk.org/index.php?topic=4687148.0)
Discord Channel: https://discord.gg/p4NwBdE (https://discord.gg/p4NwBdE)

Request a listing with us via the above thread / announce post or visit http://www.altmarkets.cc (http://www.altmarkets.cc) - We aim to reply within 24 - 48 hours.

Oh yes, there's no difference at all between allegedly auditable and really auditable, EUR-pegged, USD-,commodity- multi-currency-, and crypto-pegged, and algorithmic, and expected-to-be-state-issued,  and so on :)) we have Bitcoin, why make the fuss with some other coins at all  ;D ;D

The multiplicity of stables must be the sign that they are requested by the market, but none has found (or made clear they did) a perfect implemetnation yet.

As cryptocurrency market volatility has increased over the past month, demand for stablecoins has soared. We’re excited to announce a new emission of 15 million EURS as we continue to provide investors and individuals with both the benefits of cryptocurrency and the stability of the euro.

Check our transparency page to see the total amount of EURS: https://stasis.net/transparency/

Well, I am glad that demand for your coin has increased.

Why are you exactly printing out 15 mil of EURS? Why aren't you just another USDT?
If I check your site, I see 27.291.000 EURS being a total supply, while the bank statement says that you have on bank account 91.000 EUR. Shouldn't the parity be 1:1? What am I missing?

Hi there! Please look at the full statement https://stasis.net/transparency/

91 000 EUR are held with ePayments and 27 200 000 with Exante

We provide four verification streams to ensure the sufficiency and transparency of the balances for all STASIS accounts.

- Daily statements based on statements from the counterparty
- Weekly verification by a licensed third party
- Quarterly verification by a Big Four company
- Verification by a Big Four firm on demand or the benefit of an onboarded entity

This week, a new client bought 15 mil of EURS. He transferred cash and we have emitted new tokens. The parity will always be 1:1

Smells like a scam.

why do you think so? Looks pretty legit for me. They have a very strong team and they are about to get a full audit and have it quarterly.

https://www.coindesk.com/stablecoin-issuer-stasis-promises-full-audits-of-euro-backed-crypto-token

To me it also looks quite legit. I just hope that the quarterly done audit will actually be done properly by the big four...

My question here is: if the backing is always 1:1, how do you - your team, company itself - make money? You still have costs, for example salaries and you need to pay them.

obviously it is possible to make low risk income from the stash of cash
it is sticky and very forecastable

I would really like the team to explain to me how and when are they making income. Nothing wrong with it (of course), but it's a key piece of information to see the incentive of the team to the project.

Great question about how we make money. The main way is from earning interest on the euro reserves. Our custodians, who safely hold the reserves for us, pay us a small fee for storing the money with them. As the reserves continue to grow, that "small" fee will grow as well, since it's a percentage of the total reserve amount. This is the primary source of funds for covering our operating costs. We also make some income through fees associated with creating/redeeming EURS.

This model is fairly standard in the stablecoin space. If you have any more questions, we're happy to answer them as best we can!

This actually makes much sense. With a big amount of "holding capital" you can definitely generate revenue. You can even "lock" up some part of this capital (like 10%) and generate more revenues in relative terms.

A withdrawal from epayments to my regular ethaddress should work right?! 😍
It converts automatically to eurs

Please confirm

Hi there,

Could you please contact us in telegram @STASIS_COMMUNITY or @stasiscommunity so that we can assist you further?

EURS is an erc20 token, so yes you can transfer EURS to any ethereum address

thanks i did that and it worked just fine
( used trust wallet )

now i want to easily change it to normal ethereum .. is this possible with a DEX ?
or only the exchanges mentioned on coinmarletcap ?!
really want to avoid hitbtc

Hi there! EURS is listed on decentralized exchange ddex.io: https://stasis.net/community. You can trade EURS/WETH on ddex.io or you can exchange EURS for ETH in the STASIS wallet.

I would personally recommend exchange https://www.tokens.net/ trade your EURS. It's just very simple to use, experience is great and you can even use millions of tools to do more sophisticated trading. Just a great exchange.

Hi there,

EURS is regulated as a Virtual Financial Asset under Malta’s Virtual Financial Assets Act.

Rank 79 coinmarketcap / $34 851 258 USD marketcap / $399 098 USD Volume 24h - these are excellent indicators.

Important to mention is that their volume is real and transparent. While we certainly cannot say that for other exchanges, as actually majority of the "recorded" volume is fake.

Dear Community,

I just wanted to share with you an article which provides you with an overview of the leading stablecoins on the market including Tether, TrueUSD, EURS, GUSD, USDC, Paxos and MakerDao.

https://medium.com/ethex-market/which-stable-coin-is-best-for-you-2167d0d9f520?fbclid=IwAR1lizi7ssxkKMTchQcYkP6i-PB9_iFJdGV5xMbHcgvBm6271k9aGwtreRQ

What do you think?

In 2019 and 2020, getting the Euro on blockchain systems will be a key topic. On September 3rd, our CEO
Gregory Klumov will speak at "Money on Blockchain: Euro, Libra, Custody" conference organized by Blockchain Center of Frankfurt School.

More information here: https://www.eventbrite.de/e/money-on-blockchain-euro-libra-custody-tickets-67520620995

STASIS team shared a progress report for the month of August, expressed their views on issues of currency stability https://medium.com/stasis-blog/month-in-review-august-ee3795e8e62e

https://www.youtube.com/watch?v=JLdj6H5gOXs

https://cryptoslate.com/stasis-ceo-explains-why-its-beneficial-to-tokenize-national-fiat-currencies-interview/

It’s finally here! From today on, you can easily exchange #EURS to Euro directly on our website. Each transaction will cost you only a 0.1% commission fee. Transfer directly to your IBAN with Light KYC up to 250 Euros, or unlock limits with a full KYC.
https://stasis.net/sellback/

"The European Central Bank is too risk averse to start issuing digital currencies themselves" says STASIS CEO Gregory Klumov

Read the full article and learn about ECB mandate and digital Euro forthcoming perspectives on European market.

https://decrypt.co/14393/why-the-ecb-wont-issue-a-digital-euro-anytime-soon

Don't miss the chance to participate in Gregory's Klumov contest and win some free EURS

https://www.thecoinrepublic.com/2020/05/13/stasis-offering-unlimited-purchase-of-eurs-by-using-card/

Live AMA with STASIS CEO GREGORY KLUMOV

Wednesday, July 29th

5pm  CET TIME

Don’t miss out on a chance to know more about EURS! Take part in a live AMA with STASIS CEO Gregory Klumov!

Join AMA here on Wednesday, July 29th, 5pm CET Time.
https://us02web.zoom.us/j/4428883881

Learn more about Mr.Klumov, watch this video!
https://www.youtube.com/watch?v=kDTpBgz8HqU

Dear community!

Vote for EURS is now live on Cream Finance!

Support the largest euro stablecoin in DeFi and beyond!

https://vote.cream.finance/#/cream/proposal/QmeZtjX13EU8NxEjTVTkGxdgUasigXP3LW19HDaLy8m19w

Hi. I'm a EURS holder via youhodler. Since a couple of weeks it's impossible to withdraw EURS directly. Any idea what's going on?

https://help.youhodler.com/en/articles/4929931-eurs-withdrawals-delay

Please, reach YouHodler support team.

Hi,

Please reach to the YouHodler team, they should be able to help you with the EURS withdrawal.

hello, i have made deposit to eurs.scb.io and gone trough video verification. i have not received eurs tokens and support stopped responding. it has been 14 days since video verification and 20 days since my deposit. can i get any help here?

I'm sorry, man, but it's the same for me. I also made KYC with them (SCB AG) and I paid 100 EUR to the indicated account in a Lithuanian bank. I made the payment on May 31. Since then, support has stopped responding to my emails. There is no trace of the transfer nor deposited EURS. The money is gone.
Unfortunately, I'm starting to worry that Stasis will turn out to be a thief, a scam.

Giveaway Distribution on June 21
https://coindar.org/en/event/stasis-euro-eurs-giveaway-distribution-43505

i have poked them on facebook, they apologized and told me that there was change in video verification script. i have done verification again, but it has been a week since and still nothing. i will update this thread when something new happens.

so... i`ve received a message that "verification went bad again" and that they are returning money. they did as they said, whole process from deposit to return took 56 days :-\ so no way for me to buy eurs from them...

Hello Spatzier! We sincerely apologize for the experience you have had with EURS at SCB. Could you please reach out to our manager Sandu in Telegram @https://t.me/STASISCOMMUNITY ? He will look into your case; and help you with the registration process.

We are happy to inform you that over the past year the registration and transactional processes have improved a lot at SCB. Currently, individual clients are onboarded within 24 hours and corporate clients within 72 hours. All Purchase and Sell transactions are being processed within 24 hours.

We sincerely apologize once again for the inconveniences you have faced!

Dear Kokum,

If you still haven't gotten the EURS, could you please reach out to our manager Sandu in Telegram (https://t.me/STASISCOMMUNITY); he will be able to check the payment status and assist you in case of any questions!