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Tokenomics
An overview of the supply and demand characteristics of EURC.

Distribution

EURC is a native cryptographic, secure and transferable representation of attributed utility and governance that functions as specified in this document.
Total Supply: 1,000,000 EURC
The supply of EURC will be reviewed every quarter. This review will be conducted with the community.
EURC can be viewed on the Stellar blockchain explorer here
The use of liquidity pools create the market dynamics to support the supply and demand of EURC. More information on the EURC liquidity pools can be found by clicking below.
EURC will be available to trade across any Stellar based wallet.
Any Stellar wallet is a EURC wallet
EURC will be launched in the second quarter of 2022. Liquidity providers will have the opportunity to obtain freshly minted EURC and participate in a liquidity pool.
Liquidity Provider Sale: 13th of August 2022

Issuance and Redemption

EURC is issued when a user has deposited Euro fiat currency.
When a user initiates a withdrawal request, EURC is withdrawn and Euro fiat currency is deposited in the user's bank account.

Usage

EURC may only be utilised within the EURC ecosystem, and ownership of EURC carries no rights, express or implied, other than the right to use EURC as a means to enable cross border transfers and participate in EURC liquidity pools.

Governance

EURC does not in any way represent any shareholding, participation, right, title, or interest in MYKOBO.
EURC does not entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in any relevant jurisdiction.
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Outline
Distribution
Issuance and Redemption
Usage
Governance