📌[Official] STASIS EURS Stable Coin Ⓢ

[STASISNET]

EURS token is a virtual financial asset that is designed to digitally mirror the EUR on a 1:1 basis. We provide an unrivalled level of reserve transparency, so that investors can always be confident that their digital assets are fully backed by the appropriate collateral: Daily account statements based on statements from the counterparty Weekly verification by BDO Malta Quarterly audits by BDO Malta On-demand verification for an onboarded entity

Official website: stasis.net

EURS is available on:

                       

                               

                       

                       

                               

STASIS crypto wallet is available on

                               

Ask, check the latest news and join us on our official social media

[wjLuo]

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

[predprocessing]

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/

[pringles1901]

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

[proo7]

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...

[STASISNET]

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/

[setelogia]

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...

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.

[Perunex]

I've checked your 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?

[setelogia]

I've checked your 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?

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.

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?

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

[dzkrb1966]

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?

[konstant111]

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

[Perunex]

I've checked your 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?

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.

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.

[setelogia]

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?

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.

[STASISNET]

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

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.

[setelogia]

I've checked your 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?

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.

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.

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.

[Perunex]

I've checked your 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?

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.

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.

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.

[setelogia]

I've checked your 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?

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.

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.

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.

[kknop]

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

[dkbit98]

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

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