📌[Official] STASIS EURS Stable Coin Ⓢ

[setelogia]

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

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 

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.

[1714749408]

1714749408

[1714749408]

1714749408

[1714749408]

1714749408

[STASISNET]

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/

[Perunex]

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?

[STASISNET]

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

[STASISNET]

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?

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

[Karlitosss]

Smells like a scam.

[jamesuk34]

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

[Perunex]

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.

[kknop]

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

[Perunex]

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.

[STASISNET]

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!

[Perunex]

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.

[funcho]

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

Please confirm

[STASISNET]

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?

[STASISNET]

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

Please confirm

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

[funcho]

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

[STASISNET]

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.

[Perunex]

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.

[STASISNET]

Is EURS classified as e-money?

Hi there,

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

[usercryptomany]

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.

Tokens.net is great, that's right. I also use HitBTC and DSX. Hopefully, we will see EURS listed on largest exchanges soon with greater liquidity. Good job so far! I like you are focusing on regulation and transparency on first hand!

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