Monerium EUR emoney

Purpose and Utility

Monerium's EURe is a regulated e-money token on blockchain that represents 1:1 backed euros held in segregated accounts at regulated banks. It functions as a bridge between traditional banking and blockchain technology, enabling programmable fiat transactions.

Business Model

The business model involves providing a regulated, transparent way to transact with euros on blockchain networks. Each EURe token is fully backed by actual euros in segregated bank accounts, making it a direct digital representation of fiat currency rather than a speculative asset. Monerium generates revenue through transaction fees rather than lending or interest-based activities.

Real-World Adoption

Monerium has obtained an e-money license from the Financial Supervisory Authority of Iceland and operates under EU regulations. The token is being used for cross-border payments, e-commerce, and business-to-business transactions across the European Economic Area.

Platform Development

The platform operates on multiple blockchain networks including Ethereum, Polygon, and Gnosis Chain. Regular technical updates and integrations with various DeFi protocols demonstrate ongoing development activity.

Token Distribution and Governance

EURe is not a speculative token - it's a stablecoin backed 1:1 by euros. There is no token distribution to evaluate as new tokens are only minted when euros are deposited, and burned when euros are withdrawn.