📌[Official] STASIS EURS Stable Coin Ⓢ - page 2.

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: usercryptomany on February 04, 2019, 12:51:12 PM

Quote from: ?? on ??

Quote from: Perunex on January 22, 2019, 04:22:21 AM

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.

Important to mention is that their volume is real and transparent. While we certainly cannot say that for other exchanges, as actually majority of the "recorded" volume is fake.

usercryptomany

full member

Activity: 462

Merit: 104

Quote from: ?? on ??

Quote from: Perunex on January 22, 2019, 04:22:21 AM

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.

STASISNET

copper member

Activity: 28

Merit: 0

Quote from: ?? on ??

Is EURS classified as e-money?

Hi there,

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

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

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

copper member

Activity: 28

Merit: 0

Quote from: funcho on January 22, 2019, 02:09:43 AM

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.

funcho

jr. member

Activity: 153

Merit: 2

do your own research

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

copper member

Activity: 28

Merit: 0

Quote from: funcho on January 18, 2019, 03:31:44 AM

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

STASISNET

copper member

Activity: 28

Merit: 0

Quote from: funcho on January 18, 2019, 03:31:44 AM

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?

funcho

jr. member

Activity: 153

Merit: 2

do your own research

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

Please confirm

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: STASISNET on December 29, 2018, 12:16:39 PM

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.

STASISNET

copper member

Activity: 28

Merit: 0

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

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: kknop on December 21, 2018, 06:18:12 AM

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.

kknop

newbie

Activity: 16

Merit: 0

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

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: jamesuk34 on December 10, 2018, 05:32:58 AM

Quote from: Karlitosss on December 09, 2018, 07:18:18 AM

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.

jamesuk34

newbie

Activity: 10

Merit: 0

Quote from: Karlitosss on December 09, 2018, 07:18:18 AM

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

Karlitosss

jr. member

Activity: 150

Merit: 3

Smells like a scam.

STASISNET

copper member

Activity: 28

Merit: 0

Quote from: Perunex on November 28, 2018, 04:19:33 AM

Quote from: STASISNET on November 27, 2018, 06:45:45 AM

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

STASISNET

copper member

Activity: 28

Merit: 0

Quote from: Perunex on November 28, 2018, 04:19:33 AM

Quote from: STASISNET on November 27, 2018, 06:45:45 AM

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

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: STASISNET on November 27, 2018, 06:45:45 AM

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

copper member

Activity: 28

Merit: 0

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/

Topic: 📌[Official] STASIS EURS Stable Coin Ⓢ - page 2. (Read 1300 times)