e-EUR | Featured Article

e-EUR powered DeFi Marketplaces

March 13, 2022April 4, 2022

There has never been a better time for digital and traditional marketplaces to intertwine and provide users with seamless integration at low costs.

One of the main issues with existing marketplaces and their accompanying services today, both in the digital and traditional realms, is that they are highly centralized and interdependent. If one falls, they all fall like dominoes.

Centralized marketplaces have the characteristic of being highly controllable by a restricted group of individuals, and that gives the group all the means to directly impact the outcomes, and implicitly the lives of the centralized marketplace’s users. The group can and will freely claim the power to abusively extend or retract the rights of users, at will. It’s the group’s marketplace, after all.

Take for example social networks, delivery apps, streaming platforms, or payment processors. All current Web 2.0 solutions have an executive leadership team that controls the platform’s operations and a board of directors that controls and defines high level strategy and financials. All of the platform’s customers will have to give away their freedom to define how the product is served and how it impacts their lives. You’ll simply submit to whatever the leadership team decides.

Moreover, if you express your freedom in ways that the platform’s team, at their sole discretion and at times on a whim, decides is not in their best interest or according to their views of how the world should work, they’ll simply shadow ban you or outright disable your access to their services, and implicitly to the world.

It’s no secret anymore that Web 2.0 platforms have repeatedly failed to adapt to their users’ needs and instead imposed ways of doing things, while at the same time they failed to police themselves when things got out of spin. When it comes to imposing rules on their users Web 2.0 marketplaces act as if they were some sort of a public authority, but when it comes to fixing general issues or setting constructive boundaries they seem untouchable and act unilaterally. As a rule of thumb, all private Web 2.0 marketplaces are nothing but companies looking for profit – their own profit. Why do they act as regulatory bodies, then?

The answer is simple – because they can. Because of the word “private” as in “private company”, as in “private property”. Because private property is first and foremost their property, not yours. Even in the world of so called “publicly traded companies” you’re still just a user. Even as a stockholder you often have shared ownership rights, not governance rights. And that’s what the e-EUR ecosystem is about to change, for the betterment of all products and services built on top of it.

One common misconception about decentralized governance is that such a system must necessarily have a flat hierarchy that could fall victim to uncontrolled bias and anarchy. That only holds true for systems specifically designed with flat hierarchies in mind. But decentralized governance is an umbrella term for distributed systems with no single point of failure because decision making is not highly centralized and members of the network have their say. Some projects have implemented higher layers of advisory boards whose decisions weigh more than an average user’s decision, while others have implemented holacratic models, in order to counter uncontrolled outcomes of decentralized governance. e-EUR is going to provide a synergy between previous decentralized models and truly democratic voting systems.

Such a feat is going to be achieved via the Weighted Seigniorage Paradigm’s mechanics. Through this unique system, applied both at the decentralized governance layer and at the monetary economics layer, every user of the decentralized e-EUR network can have their say and earn their keep while not being able to shift the power balance too much in their favor without the others automatically gaining a small advantage in this process, so everybody wins.

This is by no means a system intended to limit freedom of expression or freedom of earning and eventually becoming rich, if you’re really that good. It actually enhances your chances every time an e-EUR user transacts through the system. At the same time, it’s not one of those immature crypto protocols where a standard percentage is burned off with every transaction. This one is a double impact system to help stave off instability.

Imagine going into a store or buying something from the internet and if the price of a product or service is too high, you’ll be sure that even though the vendor will make a profit, your purchasing power will also increase consequentially. This will even out inequities that inherently come with traditional finance based on free forming capitalist trends where one can amass an improper amount of revenue, and implicitly power, at the expense of all other participants.

Everyone and everything can benefit from this – lending and remittances, shopping, real estate, pharmaceuticals, industry 4.0, gaming, streaming, public transport, private investments, you name it. All because e-EUR is meant to be over-collateralized in relation to other currencies as time progresses and it disincentivizes pump & dump schemes or sudden bank runs, automatically.

The e-EUR governance tokens called e-EURG will be rolled out in batches, so make sure to subscribe to the e-EUR newsletter on this website, in order to catch the new wave and be the first to know about this.

DAO Governed EURO Stablecoin

March 11, 2022April 4, 2022

The time has come for the world to acknowledge its true prowess when interconnected in a highly secure network of decentralized devices, all acting in harmony as a true, powerful singularity.

When you open your browser nowadays chances are that at least one news piece you read is about cryptocurrency, stablecoins, NFT, decentralized protocols, or just how badly you should buy Bitcoin until it’s not “too late”, right?

But you’ve probably already heard about the many scams that run rampant on the internet, all trying to convince you of how cool their new project is and that by buying some weird sounding coin you might suddenly become rich and the life you’ve always dreamed of is right around the corner. In fact, some even promise you’ll become bigger than life itself.

But that’s planet Get-Rich-Quick. Now let’s get back to a planet we all learned to love, cherish, and protect, since it’s the only one we’ve got – planet Earth. Down here, us humans like to have a thing called stability, and as all living beings we despise sudden changes and we loath surprises when they strike where it hurts the most – our wallets. When’s the last time you checked your wallet only to see you didn’t have those few extra banknotes you thought you did and suddenly thought to yourself “Oh, look – no more money. How cool”? That’s right – never.

This is where a special type of cryptocurrency comes into play to level the playing field. These cryptocurrencies are called stablecoins. A stablecoin is a digital token that runs on the blockchain just like Bitcoin, but unlike cryptocurrencies that are highly volatile and prone to wild fluctuations, a stablecoin will always have the same initial value of exchange – hence the word “stable”. To achieve this unique property, stablecoins are stabilized either by pegging them against a real-world asset (Euro, Dollar, Gold, Oil, etc.) or by using advanced algorithms. While Bitcoin might be worth $50K now and $45K the next minute, stablecoins remain the same, so that you may use these digital coins to pay for products & services just like money does. And while the algorithmically settled option sounds easier, it can fall victim to unforeseen errors and hacker attacks. That’s why e-EUR uses a combination of pegging and algorithms.

On top of that, e-EUR uses a global network of regulated bank accounts spanning pretty much every international currency you can think of, so that you can get your value in and out of the e-EUR decentralized network any time you please, in the currency of your choosing, with minimum or zero fees. Beyond paying, you can even convert between your currency and e-EUR and between e-EUR and any other imaginable currency and send that directly to vendors and bank accounts. Even if your desired receiver doesn’t use e-EUR. Cool or what?

Beyond being the coolest thing you’ve ever seen, e-EUR addresses the hot topic of true decentralization democratically – by means of true, decentralized autonomous organization. Most crypto projects popping up around the internet, while running on decentralized blockchains, are not truly decentralized. In fact, most crypto projects are controlled by a team of founders which also happen to have a highly significant stake of coins, with the final goal of getting rich quick.

That’s why e-EUR proposes a distributed governance model from the very beginning, even before the network will actually go live internationally. As you’ll find out from the roadmap, the plan is to roll out governance tokens as a first step to make sure the decision tree is equitably spread across. This way, the second step is to set up a DAO for the e-EUR decision board, so that governance token holders can vote on every proposal and collectively and transparently take decentralized decisions that the majority will always agree to be the right ones.

DAO governed e-EUR decisions will include everything from how the DAO runs, which roles are appointed to each member of the governance board, how e-EUR itself runs, looks and acts like, what will the fee structure look like for every basic service and purpose e-EUR will offer, and even cutting edge proposals coming from the governance community, that are not directly tied to the network itself.

Making proposals will most probably be free, but voting on proposals will require governance token locking through the voting smart contract of each proposal. In order to provide a robust and equitable e-EUR voting procedure, we introduce a revolutionary new voting system based on the Weighted Seigniorage Paradigm. This new paradigm is a proprietary system that can be perfectly applied both to voting systems as well as to monetary economics systems, in order to automatically adapt demand and supply elasticity while penalizing whale investor pump & dump schemes’ nefarious effects, all the while preventing retail investor bank runs. And it’s done algorithmically, without any manual intervention.

The time has come for the world to acknowledge its true prowess when interconnected in a highly secure network of decentralized devices, all acting in harmony as a true, powerful singularity.