The AEUR Token is a digital currency linking the Euro and the Ardor ecosystem. Find out how it works today in our review.
What is the AEUR Token?
AEUR is an Ardor-based Euro pegged child token that functions as a gate between the Euro and the Ardor ecosystem.
The goal of AEUR is to provide a quick and easy entry point into the crypto world using the Euro. Each AEUR token will always be worth exactly 1 EUR. This price is guaranteed and backed by Ardorgate, which has partnered with MisterTango Bank as its payment processor.
The main benefit for users is that users can trade assets on the Ardor platform using AEUR tokens, then easily exchange into ARDR or child chain coins. You can use the AEUR token to interact with the Ardor platform.
The AEUR token launched on January 29, 2018.
How Does AEUR Work?
AEUR tokens can be used to trade any of the assets existing on the Ardor platform. They can also be exchanged for ARDR or any child chain coin tokens.
As mentioned above, the main benefit is that it provides a quick and easy entry point into the Ardor and cryptocurrency world. Each AEUR token will always equal 1 EUR, with the inherent stability guaranteed and backed by Ardorgate and the MisterTango Bank mentioned above, which serves as the payment processor.
In layman’s terms, AEUR allows for the easy conversion of fiat to crypto, making it easier to buy and sell items with prices denominated in Euro. It also facilitates the trading of blockchain assets and the payment of dividends in Euro. The end result is that blockchain platforms like Ardor are more open to the general public.
Users can quickly and simply purchase cryptocurrencies using their MisterTango account through the use of AEUR tokens.
What is Ardorgate?
Ardorgate, for those out of the loop, is a gate between the Euro and the Ardor ecosystem.
Ardorgate is one of the first Ardor child chains. Now, Ardorgate has its own token called AEUR. That token is directly pegged to the Euro.
To launch AEUR, Ardorgate partnered with a blockchain software company called Jelurida. That company enables enterprises to develop blockchain applications using technologies like Nxt and Ardor.
Jelurida’s Nxt and Ardor blockchain platforms allow companies to quickly and easily access the crypto ecosystem. Technically speaking, Jelurida offers the proof of stake consensus mechanism and parent/child solutions used in the ecosystem.
AEUR Token Conclusion
The AEUR token can be used to purchase any of the assets on the Ardor platform. The tokens can also be exchanged for ARDR or any child chain tokens, providing a simple entry point into the Ardor ecosystem from Euro-using countries. 1 AEUR is pegged to 1 EUR, and that exchange rate is guaranteed through a partner bank.
The AEUR token just launched on January 29, 2018.