🇪🇺FABEURO

Fabulous Euro (FABEURO) The first Euro Stabelcoin

To stabilize FAB's volatility and enable users to pay with the first Euro stable coin, we will release the FABEURO. FABEURO is pegged to FABUSD & USDC. Each are pegged to FABUSD with a 25% ratio. We are releasing annually up to 10% of the maximum token supply until Q4 2023 which will pegged to FABEURO/FABUSD. There will be an increase of 10% per year up until 50% is reached.

Since the price is tied with its collateral (FABUSD & USDC), every additional FABEURO which will be brought in circulation, is pegged to its collateral. 1 Billion are minted on our Genesis Account, as the maximum amount. The FABEURO distribution is tied with FABUSD's distribution, balancing out either if there's too much volatility. The reserves serve for arbitraging any indifference, stabilizing the price and network security.