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UPDATE: Bounty Campaigns Now Available Here: [url=https://bitcointalk.org/index.php?topic=3306388.0]https://bitcointalk.org/index.php?topic=3306388.0Yuro
We are excited to officially announce our work at
Yuro foundation -
Yuro is a cryptocurrency designed to protect the value of your crypto assets.
How does it work? You send your Ethereum to
Yuro’s smart contract address. It first calculates the current value of
Yuro by comparing how much a basket of foreign currencies can be purchased by one Euro. Then the smart contract sends you
Yuro tokens equal to the value of your Ether. The Ether you send is securely locked in the smart contract.
When you want to redeem your assets, you send back the
Yuro tokens, the
Yuro smart contract calculates the current value of Ethereum when compared with
Yuro and sends you back the equivalent Ether.
It’s that simple. So why should you get on board and join with us? Unlike other cryptocurrencies, the price of
Yuro is stable. Its value is calculated based on the deviations of the five major currency pairs with respect to Euro. Over 5 Trillion dollars worth of Forex is traded every day. This high liquidity leads to less fluctuation. But unlike other stable currencies the value of
Yuro isn’t fixed. Think of
Yuro as your own crypto savings account which is both transparent and convenient.
Whitepaper Abstract
In 2008 Satoshi started the journey of the decentralized crypto concept, ever since then the total market capitalization increased by 3,363% in 2017 alone. Coupled with this increase, the majority of cryptocurrencies are extremely volatile, where some crypto reached 10 times that of the dollar denominated gold price. The high volatility was evidenced by the sharp price correction which was experienced on the cryptocurrency market since mid-December 2017 with some falling by more than 40% in a month. Some coins e.g. bitcoin, moves on average, 5% each day .While this is good for investors looking for extremely high investment returns, it is hardly a characteristic of a currency, let alone a store of value, potentially limiting the majority of these currencies use, especially as a transaction token. This is why we have created Yuro.
Yuro is a crypto currency designed to protect the value of your crypto assets. It is based on a smart contract that is fully transparent. The contract calculates the current value of Yuro by comparing how much a basket of foreign currencies can be purchased by one Euro. However unlike other crypto currencies, the price of Yuro is stable. Its value is calculated based on the deviations of the five major currency pairs with respect to Euro. Over 5 Trillion dollars worth of Forex is traded every day. This high liquidity leads to less fluctuation. Nevertheless unlike other stable currencies the value of Yuro isnt fixed. Yuro almost acts as your own personnel crypto savings account which is both transparent and convenient.
We Want To Hear From You
Our tech team will be introducing themselves below; we really want to hear your feedback. This is just a quick briefing and introduction to our mission so far as we enter into our next phase. What questions do you have? Do you agree that the factor of stability is one of, if not the biggest barrier to entry in crypto today? If you truly believe in the future of cryptocurrencies, what do you think will be the main factors to enact the required network effects for mass adoption? Do you think a crypto future is inevitable or does everything depend on radical disruptors in the space? Check out our website
https://yurofoundation.org for more information and to read through our full whitepaper. The website is undergoing regular maintenance as we prepare for our upcoming ICO launch so check back often for updates or if you experience any issues.
We will be releasing our bounty campaign shortly including sig campaigns and bug bountys to test our code. The link will be updated here when it's available. We're really hoping you will get involved if you like what we're doing and support us in this initial stage. We are aiming to be leaders in advocating the new era of stable cryptocurrencies.
