VNX EURO VEUR Price

What is VNX EURO (VEUR)?

VNX Euro (VEUR) is a digital token linked to the Euro, created by VNX Commodities, a company licensed under Liechtenstein's Blockchain Act. As a stablecoin, VEUR aims to provide a reliable digital asset that reflects the value of the Euro while being backed by tokenized gold.

Unique Features

VNX Euro stands out because it combines traditional currency stability with the flexibility of digital assets. It allows users to hold a stable asset in the volatile crypto market. Additionally, VNX Commodities is registered with the Liechtenstein Financial Market Authority (FMA), ensuring compliance and security for users.

Project History

VNX launched its platform for investing in tokenized traditional assets in April 2022, starting with VNX Gold (VNXAU), the first European multichain token fully backed by physical gold. By December 2022, VNX introduced VNX Euro (VEUR) and VNX Swiss Franc (VCHF), expanding its offerings in the digital asset space.

Future Plans

VNX aims to increase the accessibility of VEUR by listing it on more cryptocurrency exchanges and expanding its presence on various blockchains. This multichain strategy will enhance the usability of VEUR across different platforms.

Use Cases

VNX Euro serves several purposes, including:

• Hedging: Users can hold VEUR to protect their investments from market fluctuations.
• Trading: VEUR can be easily bought and sold on centralized and decentralized exchanges.
• Earning: Users can lend, provide liquidity, and stake VEUR to earn returns in both centralized finance (CeFi) and decentralized finance (DeFi) ecosystems.

Technology Behind VNX Euro

VEUR utilizes blockchain technology, ensuring security and transparency. Each transaction is recorded on a public ledger, making it difficult for any bad actors to manipulate the system. The token is backed by physical gold, adding intrinsic value and stability, which helps mitigate the volatility often associated with cryptocurrencies.

Real-World Applications

VNX Euro can be used for various financial operations, including:

• Stablecoin Usage: VEUR mitigates volatility, allowing users to hold a stable digital asset.
• Efficient Trading: VEUR facilitates quick exchanges with the Euro, enhancing liquidity in the market.
• Decentralized Finance (DeFi): Users can engage in lending, liquidity provision, and staking within the DeFi ecosystem.

Key Milestones

• April 2022: Launch of the platform for tokenized traditional assets with VNX Gold.
• December 2022: Introduction of VNX Euro and VNX Swiss Franc to enhance digital asset trading options.
• Future Goals: Expanding the list of exchanges and blockchains for VEUR to increase its accessibility.

Founders and Leadership

VNX Euro is led by Alexander Tkachenko, a serial entrepreneur and angel investor with a strong background in blockchain and crypto assets. His expertise contributes significantly to the development and growth of VNX Euro.

In summary, VNX Euro (VEUR) offers a unique blend of traditional currency stability and the benefits of digital assets, making it a valuable tool for investors in the cryptocurrency market.

What is unique about VNX EURO (VEUR)?

VNX Euro (VEUR) is unique as a stablecoin that directly references the Euro while being backed by tokenized gold, combining the stability of traditional currencies with the flexibility of digital assets. This regulatory-compliant token operates on multiple blockchains, enhancing accessibility and usability for investors in the crypto space.

Who are the founders of VNX EURO (VEUR)?

VNX Euro (VEUR) was founded by Alexander Tkachenko, a Luxembourg-based serial entrepreneur and angel investor, who brings extensive experience in launching blockchain and crypto-related projects.

Where can I buy VNX EURO (VEUR)?

 Bitstamp, Orca