What is the project about?

VNX Euro (VEUR) is a token that represents the Euro and is generated by a licensed token generator under the Blockchain act in Liechtenstein.

What makes your project unique?

VNX Euro stands out by offering a traditional asset, the Euro, in digital form. The token generation and all related services are conducted by VNX Commodities, a company registered with the Liechtenstein Financial Market Authority (FMA) under the Tokens and TT Services Providers Law (TVTG) (https://fmaregister.fma-li.li/search?searchText=&number=310339&category=).

History of your project.

VNX is a Liechtenstein-based company registered with the Liechtenstein Financial Market Authority (FMA). In April 2022, VNX launched its European platform for investing in tokenized traditional assets and introduced the first European multichain token backed by physical gold, known as VNX Gold (VNXAU). In December 2022, VNX expanded its offerings by adding VNX Euro (VEUR) and VNX Swiss Franc (VCHF), providing digital assets tied to traditional currencies. VNX stablecoins enable crypto users to trade in native currencies and manage their portfolios more effectively, offering hedging, trading, and profit opportunities.

Whats next for your project?

VNX aims to make VNX Euro (VEUR) available to users by expanding the list of cryptocurrency exchanges where it can be traded. Additionally, there are plans to release the token on various blockchains, making it accessible on multiple platforms.

What can your token be used for?

VNX Euro (VEUR) can be used for hedging against crypto volatility, avoiding losses during market declines. It can also be used to buy and sell digital assets quickly on both centralized exchanges (CEXs) and decentralized exchanges (DEXs). Furthermore, users can earn by lending, providing liquidity, staking, and exploring other investment opportunities in both centralized finance (CeFi) and decentralized finance (DeFi).