EURI crypto (Eurite) is a digital currency that matches the value of the Euro (€). It’s regulated by the EU’s MiCA rules, making it safe and reliable. Issued by Banking Circle S.A. and overseen by Luxembourg’s financial authority (CSSF), EURI meets strict EU standards. EURI follows strict EU standards to protect consumers and maintain financial stability.
EURI uses a secure system where customer funds are kept separate from Banking Circle’s own assets, following the 2003 Act’s rules for “Safeguarded Customer Funds.”
A top-quality auditor has verified that each Eurite (EURI) token is backed by one Euro (€). You can use EURI on the Ethereum and BNB Chain networks, with more blockchains to be added soon.
What is an EURI Token?
EURI is the symbol for Eurite, an electronic money token (stablecoin) issued by Banking Circle S.A. It follows the rules set by the Markets in Crypto-Assets Regulation (MiCA). Every EURI token is backed 1:1 by Euros, which are kept in a special reserve account managed by Banking Circle S.A.
Key Features of Euri Crypto
Decentralized Finance (DeFi) Integration: Euri Crypto is designed for DeFi applications. It offers seamless integration with various DeFi platforms. It allow users to easily participate in activities such as lending, borrowing, and staking. This integration increases the utility of Euri Crypto, making it a versatile asset in the DeFi ecosystem.
Scalability: Euri Crypto is great at handling growth and more users. Using advanced Layer-2 solutions, Euri Crypto ensures transactions with speed and efficiency, even during high network usage. This scalability addresses common problems like network congestion and high transaction fees that plague many other cryptocurrencies.
Security: Euri Crypto takes security very seriously. They use advanced encryption and regularly check their smart contracts to keep users’ funds and data safe. This commitment to security builds trust between users and investors.
Community-driven development: Euri Crypto has a strong, active community that helps shape its growth. This means the cryptocurrency evolves based on what users want and need. Regular updates and improvements are made from community feedback, making users feel involved and valued.
Environmental Sustainability: Euri Crypto is eco-friendly. It uses a Proof-of-Stake (PoS) system. Also, uses much less energy than the older Proof-of-Work (PoW) system. This helps reduce its environmental impact. It supports efforts to combat climate change.
How EURI works
When an institutional user (such as an exchange or trading platform) completes the KYC check and onboarding process with Banking Circle S.A. If he completes his transaction with EURI, he can buy EURI.
To buy EURI, the user deposits euros into Banking Circle’s bank account. Banking Circle then creates new EURI equal to the amount of Euros received and sends it to the user’s wallet.
After this, the user can buy, sell, store, transfer, or trade EURI at any time.
When the user sends the EURI back to the Banking Circle, the EURI is destroyed (burned) and its equivalent Euros are returned to the user’s bank account.
Market Performance and Adoption
Euri Crypto has shown impressive growth since its launch. Currently, its price is around $1.10 and its market cap is in several million dollars. High trading volume reflects strong interest and confidence of investors. This performance highlights the potential of Euri Crypto and the positive sentiment surrounding it.
Euri Crypto is also being adopted rapidly. More platforms and services are starting to accept it, which boosts its usefulness and value. Partnerships with various DeFi platforms and exchanges have expanded its scope, making it accessible to more people. This growing adoption is a major factor in the promising future of Euri Crypto.
Join the EURI Airdrop
You can earn EURI tokens worth around $10 each by participating in this airdrop. It’s a new project to help people get started with crypto and gain some valuable tokens.
How to Join
Sign Up: Click here to go to the Telegram airdrop bot.
Complete Tasks: Follow the instructions to finish the required tasks.
Wait for Distribution: Tokens will be sent out on September 10.
Distribution details
Date: September 10
Amount: 11 EURI tokens
Action: Make sure your wallet is set up to receive the tokens. Double-check your wallet address to ensure it’s correct and compatible with EURI. Distribution might take a few hours or days, so be patient.
After the airdrop, you could potentially earn up to $240 a day through staking or referral programs.
Binance Lists Eurite (EURI) with No Trading Fees
Binance is adding Eurite (EURI) to its list of tradable assets, starting August 28, 2024. You can trade EURI with no fees on the EUR/EURI and EURI/USDT pairs. This fee-free offer is part of Binance’s effort to promote the new token and boost trading activity.
Key Details
– Start Date: August 28, 2024
– Trading Pairs: EUR/EURI and EURI/USDT
– Fee: Zero trading fees for an undefined period
– Withdrawals: Available from August 29, 2024, at 10:00 UTC
Compliance and Benefits
Eurite (EURI) is one of the first EURO stablecoins regulated under the new MiCA rules in Europe. This regulation ensures transparency and security, making it a reliable choice for both individual and institutional investors. The zero-fee promotion will help increase EURI’s visibility and liquidity by eliminating transaction costs. During this promotion, the trading pairs will not count towards VIP tier volume or liquidity programs, focusing instead on increasing user engagement.
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