[ANN] EURBASE (EBASE) - The first anti-inflationary stablecoin pegged to EUR

DaMut

sr. member

Activity: 1246

Merit: 263

Quote from: AmoreJaz on October 29, 2019, 05:44:49 PM

the problem with stablecoins is how true they are pegged to a certain fiat currency? in this case, partially collateralised with euro and bitcoin. how can you verify that they have such assets as claimed to be?
dont forget that USDT admitted before that they are not 100% backed by dollars. so with EBASE, do they really have the euro and BTC to back this stablecoin?

How I am supposed to know? Roll Eyes

I am not part of the team, I wanted to ask this question before but I forgot because I answered his question.
I just explained the advantage of having stablecoin on their own platform to that guy and I did not verify anything in here.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: DaMut on October 29, 2019, 12:56:09 PM

Quote from: thefever333 on October 29, 2019, 08:46:37 AM

I can never understand why people create stablecoins, which are already a lot? Or is one better than the other?

Because stablecoin is widely used to store the value of your investment, there is an advantage for an exchange for having its own stablecoin because it can be used as a tool to store user assets value in their platform and getting attraction from the people. By having their own stablecoin, it can boost traders faith in using their platform because they have a way to store their investment value.

the problem with stablecoins is how true they are pegged to a certain fiat currency? in this case, partially collateralised with euro and bitcoin. how can you verify that they have such assets as claimed to be?
dont forget that USDT admitted before that they are not 100% backed by dollars. so with EBASE, do they really have the euro and BTC to back this stablecoin?

DaMut

sr. member

Activity: 1246

Merit: 263

Quote from: thefever333 on October 29, 2019, 08:46:37 AM

I can never understand why people create stablecoins, which are already a lot? Or is one better than the other?

Because stablecoin is widely used to store the value of your investment, there is an advantage for an exchange for having its own stablecoin because it can be used as a tool to store user assets value in their platform and getting attraction from the people. By having their own stablecoin, it can boost traders faith in using their platform because they have a way to store their investment value.

MURONDI

sr. member

Activity: 742

Merit: 257

I hope every country has a stable coin that is pegged with that country's currency, I was a forex trader but I wanted a trading system like crypto, I plan to pair EURBASE with USDT or USDC, but unfortunately EURBASE is only traded on a small exchange and not yet known to many people, I will wait for its development.

thefever333

jr. member

Activity: 280

Merit: 1

I can never understand why people create stablecoins, which are already a lot? Or is one better than the other?

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: bunglor on October 25, 2019, 08:40:35 AM

You made this thread to make us buy this token, correct? and that trade is only in your own exchange? is this still the ico stage?

Eurbase is the stable coin in eterbase
yes its only being traded in the exchange, its the same with other self-created stablecoins by exchanges

The ICO is already over for a long-time now.

sazonk

sr. member

Activity: 575

Merit: 268

Changing the game

I love this platform , nice and handly
https://eterbase.exchange/markets
But to start a Stable Coin with its own exchanger with capital is not easy at the moment considering the competitor of stable coins is quite a lot and they have succeeded in my opinion, and now EURBASE, IMO eurbase must calculate more precisely the continuity of the token, because it is not very easy to maintain the stability of the token itself.

TimeTeller

hero member

Activity: 2730

Merit: 588

How are you going to reach out those unbanked citizens of Euro zone?
I can't see much of the details regarding this major mission for this coin.
Many have tried to use the marketing propaganda of reaching out the unbanked individuals, but have they really reached out to them?

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

i like the name, Eurobase

nice ring to it imo
Stablecoins have had a really hard time, they were the "hype" thing this year and a favorite for scammers to claim Sad

BUT: given that you guys have seem to have had a successful ICO in 2018, could maybe this be one that works?
time will tell but looks pretty good so far!
Good Luck!

DaMut

sr. member

Activity: 1246

Merit: 263

Quote from: bunglor on October 25, 2019, 08:40:35 AM

You made this thread to make us buy this token, correct? and that trade is only in your own exchange? is this still the ico stage?

No, this is EURBASE. They are introducing their own stablecoin and it is pegged to EUR.
They were running an ICO before when they started building the exchange, you can check it here https://bitcointalksearch.org/topic/ann-eterbase-europes-premier-digital-asset-exchange-3664292

bunglor

full member

Activity: 648

Merit: 114

You made this thread to make us buy this token, correct? and that trade is only in your own exchange? is this still the ico stage?

ETERBASE

copper member

Activity: 62

Merit: 0

Europe's Premier Digital Asset Exchange

EURBASE is a hybrid stable coin partially collateralized by EUR deposits and partially in Bitcoin and other cryptocurrencies. You can change EBASE to EUR and vice versa at any time on ETERBASE exchange with its integrated IBAN accounts.

ESMA definition

EURBASE falls under the definition of a payment token under the ESMA definition

Compliant

EURBASE is fully compliant with AMLD5 and GDPR within the code structure.

Stablecoin name / Ticker:
EURBASE / EBASE

Contract address:
0x86fadb80d8d2cff3c3680819e4da99c10232ba0f

Contract Audit Report:
Click

Check on Etherscan:
https://etherscan.io/token/0x86fadb80d8d2cff3c3680819e4da99c10232ba0f

Check on Coinmarketcap:
https://coinmarketcap.com/currencies/eurbase/

Trade EURBASE:
https://eterbase.exchange/markets

Read Whitepaper:
Click

ETERBASE a.s.

Hurbanovo námestie 3
811 06 Bratislava
Slovakia, European Union

Topic: [ANN] EURBASE (EBASE) - The first anti-inflationary stablecoin pegged to EUR (Read 371 times)