bitEUR price is $1.13
The current price of bitEUR is $ 1.13.
bitEUR is an asset token on the BitShares (BTS) network. It's a stablecoin that attempts to track the value of the Euro and is called a smartcoin on the BitShares platform. Its primary purpose is to allow users to have exposure to the value of the Euro, without actually holding any. It's also utilized in trading pairs against other digital assets on the BitShares Decentralized Exchange (DEX).
bitEUR was created by the people behind the BitShares network. BitShares was initially launched by Daniel Larimer, who is also the co-founder of Steemit and EOS. However, bitEUR, like other smartcoins on the platform, is issued by the BitShares blockchain itself, based on a set of defined rules without the need for a central party.
bitEUR operates on the BitShares network, a decentralized exchange that allows for the issuance of smartcoins. To issue bitEUR, users on the network need to lock up BTS (the native token of BitShares) as collateral. Theoretically, this collateralization ensures that the value of bitEUR is stable and closely tied to the value of one Euro. However, like any decentralized stablecoin, the stability of bitEUR depends on the robustness of the underlying collateral and the stability mechanisms in place.
bitEUR stands out with its unique structure and mechanism as a token of the BitShares network. By seeking to mirror the value of the Euro, bitEUR allows holders to speculate on the movements of the Euro relatively safely, particularly when compared to the volatility associated with most other cryptocurrencies. Additionally, being a smartcoin on the BitShares decentralized exchange, bitEUR can be traded directly for any other token on the exchange without the need for a central party.
As of today, the number of bitEUR tokens in circulation is 0.1M.
bitEUR's stability comes largely from the underlying collateralization mechanism and the community's trust in the BitShares platform. Users who issue bitEUR have locked up a significant amount of BTS as collateral, providing a level of assurance for the bitEUR's value. However, because it's a decentralized stablecoin, it's important to emphasize that bitEUR's stability is dependent on many factors, including the health of the BTS market, the governance and stability mechanisms of the BitShares network, and broader market sentiments.
BitEUR can be purchased on the BitShares decentralized exchange and any other exchanges where it's listed, such as . Just a quick reminder that any investment choice should be based on careful research and consideration.
THREE
Friend.tech
Kamino
Merlin's Seal USDT
DeMR
TAOlie Coin
SolBlock AI
Hemis
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
