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Token Teknoloji A.Ş. EURO

Token Teknoloji A.Ş. EUROEUROT

$1.16
Rank #5969
Stablecoins
EUR Stablecoin
Avalanche Ecosystem
Polygon Ecosystem
Fiat-backed Stablecoin
Market Cap
$87K
0.01%
Volume (24h)
$2.3K
Circulating Supply
75,000 EUROT
24h Low / High
$1.16$1.17
Token Teknoloji A.Ş. EURO Price Chart

Interactive chart showing the historical price.

Token Teknoloji A.Ş. EURO Market Cap Chart

Interactive chart showing the historical market capitalization.

Token Teknoloji A.Ş. EURO Volume Chart (24h)

Interactive chart showing the 24-hour trading volume.

Token Teknoloji A.Ş. EURO Stats
Price$1.16
Market Cap$87,145.00
24h Trading Volume$2,333.53
Fully Diluted Valuation$87,145.00
Circulating Supply75,000 EUROT
Total Supply75,000 EUROT
Max SupplyN/A EUROT
Price Performance
24h Range
$1.16
$1.17
24h Change
0.01%
All-Time High
$2.18Oct 4, 2024
All-Time Low
$0.999955Jan 2, 2025
About Token Teknoloji A.Ş. EURO
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.
Token Teknoloji A.Ş. EURO Exchange Tickers

Markets where Token Teknoloji A.Ş. EURO is traded, ordered by volume.

About Token Teknoloji A.Ş. EURO (EUROT)

Token Teknoloji A.Ş. EURO is a digital asset that has carved out a specific niche within the broader cryptocurrency ecosystem. It aims to address particular needs related to Stablecoins. As a decentralized entity, it operates without the control of a single authority like a bank or government, relying instead on blockchain technology to secure its network and validate transactions. Understanding its primary purpose is key to grasping its role and potential within the digital economy.

How Token Teknoloji A.Ş. EURO Works

On a technical level, Token Teknoloji A.Ş. EURO functions through a specific set of protocols defined by its underlying blockchain. Transactions are broadcast to a network of computers, which work together to validate and record them in a public ledger. The token itself, EUROT, is used to facilitate activities within its ecosystem, which could include paying for transaction fees, participating in governance, or accessing specific services. The efficiency and security of these operations depend heavily on the blockchain's design and consensus mechanism, whether that's Proof-of-Work, Proof-of-Stake, or another model.

Use Cases of Token Teknoloji A.Ş. EURO

The real-world applications of Token Teknoloji A.Ş. EURO extend from its core function to a variety of ecosystem uses. These can include:

  • Powering decentralized applications (dApps) in its category.
  • Serving as a medium of exchange within its specific community or platform.
  • Enabling governance rights, where token holders can vote on proposals.
  • Staking or bonding to secure the network and earn rewards.

Token Teknoloji A.Ş. EURO Market Performance Overview

The market performance of Token Teknoloji A.Ş. EURO, like most cryptocurrencies, is characterized by volatility. Its price is influenced by a confluence of factors including overall market sentiment, trading volume, and liquidity on exchanges. High liquidity, evidenced by significant 24-hour trading volume, generally allows for smoother transactions. Its price often moves in correlation with larger market trends set by major assets like Bitcoin and Ethereum, but can also be affected by news and developments specific to its own ecosystem.

Token Teknoloji A.Ş. EURO Compared to Similar Cryptocurrencies

In the Stablecoins category, Token Teknoloji A.Ş. EURO is often compared to other projects with similar goals. While they may share a target audience, key differences often lie in their underlying technology, consensus mechanism, or tokenomics. For instance, one project might prioritize speed and low transaction costs, while another focuses on decentralization and security. Evaluating these distinctions is crucial for understanding Token Teknoloji A.Ş. EURO's unique position in the market.

Advantages and Limitations of Token Teknoloji A.Ş. EURO

A balanced view of Token Teknoloji A.Ş. EURO requires acknowledging both its strengths and weaknesses. Its advantages might include innovative technology, a strong community, or a clear use case that solves a real-world problem. However, like any project, it faces limitations. These could involve challenges with scalability, competition from more established players, or the inherent risks of the crypto market. A comprehensive understanding involves weighing these factors.

Role of Token Teknoloji A.Ş. EURO in the Crypto Ecosystem

Within the vast crypto landscape, Token Teknoloji A.Ş. EURO plays a role defined by its utility and adoption. It contributes to the diversity of the market by offering a specialized solution in the Stablecoins space. For developers, it may offer a platform for building new applications. For users, it provides access to a specific set of services or a community. Its long-term relevance will depend on its ability to maintain a strong network, foster innovation, and grow its user base.

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Token Teknoloji A.Ş. EURO – Frequently Asked Questions

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Token Teknoloji A.Ş. EURO information on DailyTools.space is for informational and educational purposes only and does not constitute financial or investment advice.