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Brendon Lim
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AEUR now available on Coinhako

AEUR now available on Coinhako

We are thrilled to share that Anchored Euro (AEUR) is now listed on Coinhako!

What are Anchored Coins and AEUR?

Founded in 2022, Anchored Coins, formerly known as Damoon Technologies, is a Swiss digital asset company established by seasoned entrepreneurs with extensive experience in financial services. They have a proven track record of developing market leaders within the digital assets industry. The company aims to bring stability to the crypto space, promote regulatory clarity, and ensure industry-wide compliance.

Anchored Euro (AEUR) is a euro-backed stablecoin created by Anchored Coins, founded in 2022. AEUR is designed to maintain a 1:1 peg with the euro, meaning that 1 unit of AEUR should always be equivalent to 1 euro. By blending the advantages of digital and traditional realms, AEUR offers users a stable choice in the cryptosphere.

There is a max supply of 67,009,655 AEUR, and has traded for $2.81 at its peak. 

How does AEUR work?

AEUR is issued natively on the Ethereum and BNB Blockchain, which follow the ERC20 and BEP20 token standards, respectively. These blockchains employ consensus mechanisms such as Proof of Stake (PoS) or Proof of Staked Authority (PoSA) to confirm transactions, ensuring record immutability and transparency for market participants.

The AEUR smart contracts are audited by an independent and reputable smart contract auditor, PeckShield. Established public ledgers are available for market participants to utilize monitoring applications to track the stablecoin issuance, redemptions with the Issuer, and other on-chain transactions.

Why does AEUR stand out?

There are several advantages to using AEUR:

Borderless Transactions: AEUR can simplify domestic and international transactions, making them quicker, cheaper, and more efficient than traditional systems.

Compliance: AEUR is fully compliant with Swiss laws, as the issuing company is a member of the Swiss self-regulatory organization VQF (Verein zur Qualitätssicherung von Finanzdienstleistungen) and recognized by FINMA.

Diversification: The stablecoin market is heavily dominated by United States dollar-backed stablecoins. Diversifying into a euro-backed stablecoin can enable investors to hedge against unfavorable economic disruptions that might impact the dollar.

What is a stablecoin?

Stablecoins are a popular form of cryptocurrency that aims to address the volatility issues associated with traditional cryptocurrencies like Bitcoin and Ethereum. They are designed to maintain a stable value, usually pegged to a fiat currency such as the US dollar or the euro.

The stability and security are backed by their value with reserves of fiat currency or other assets. This backing is often held in a transparent and audited manner, ensuring that each unit of stablecoin is backed by an equivalent amount of the underlying asset.

Stablecoins can be used for everyday transactions or as a store of value that allows users to protect their wealth from inflation or economic instability. They play an essential role in bridging the gap between traditional finance and decentralized technologies. They represent stability, transparency, and increased accessibility in the world of digital currencies.

What can you do with AEUR on Coinhako?

AEUR will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

  1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
  2. Purchase AEUR instantly with Visa / Mastercard 

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.