Launched in September 2023, EURO Token (EUROT) is an asset-backed token redeemable 1:1 for 1 euro. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by euro on the blockchain at a 1:1 ratio and indexed to the price of EUR. For every EUROT created, an equivalent amount of EUR is held as collateral in the company's reserves.
EUROT provides a cost-effective, fast and secure solution for global users, offering direct ownership with no storage costs and high accessibility for 24/7 transactions and transfers, regardless of geographical boundaries. Unlike fiat euro transaction limits in the market, there are no minimum transaction limits for EUROT.
EUROT transactions are executed instantly and any amount of EUROT tokens can be converted to fiat currencies, ensuring quick and efficient transactions.
EUROT is created and runs on the Avalanche C-Chain and Polygon blockchain, and it is compatible with all blockchain wallets that support EVM. It uses smart contracts to automatically manage the collateralization process.
As the demand for EUROT tokens increases, Token Teknoloji Anonim Şirketi will add the equivalent amount of euros to its reserves for each EUROT token upon request from institutions wishing to meet their demand. This ensures that the 1:1 ratio between euro and EUROT is maintained whilst keeping the market in balance between supply and demand.
And a coin burn function is built into the blockchain's smart contract to remove a pre-determined amount of EUROT tokens from circulation when needed, ensuring a balance between EUROT and the euro. Thanks to this mint-and-burn mechanism, the price of EUROT is always in equilibrium with the price of the euro.
Where is Token Teknoloji A.Ş. EURO available for purchase?
You can exchange EUROT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Token Teknoloji A.Ş. EURO is Bitlo, notably the EUROT/USDT pair, which saw a trading volume of $ 6,040.4 in the past day.
What is the highest value Token Teknoloji A.Ş. EURO (EUROT) has ever reached?
Token Teknoloji A.Ş. EURO (EUROT) reached its peak price at 2.18 $ on 04 October 2024, approximately 10 months ago ago. Presently, the current price is -46.33% lower than this all-time high.
What is the historical minimum price for Token Teknoloji A.Ş. EURO (EUROT)?
The minimum price reached for Token Teknoloji A.Ş. EURO (EUROT) was 0.9999 $, documented on 02 January 2025, more than 8 months ago. In comparison, the current price is 17%, it above this historical low.
What is the fully diluted valuation of Token Teknoloji A.Ş. EURO (EUROT)?
The fully diluted valuation (FDV) of Token Teknoloji A.Ş. EURO (EUROT) stands at $ 88,290. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of EUROT tokens. The realization of this FDV might take several years depending on the emission schedule of EUROT tokens.