123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Introducing Mimo: The First Decentralized Euro Stable Token Platform

Profile Picture
By Author: Cecilia Wong
Total Articles: 762
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Launching its brand new platform, MiMo offers a bridge between DeFi (decentralized finance) and the trusted EURO fiat world. Conservative and risk-averse financial services users who are seeking higher returns than those currently offered by traditional banking institutions can now access a EURO DeFi platform that yields impressive returns without exposure to high volatility as is the case with many other cryptocurrencies. In a nutshell, the MiMo stable token PAR now offers up the first EURO alternative to USD pegged stablecoins.

“With PAR, we are creating an alternative to USD pegged stablecoins such as USDT, USDC or PAX. With a token algorithmically pegged to the EURO, there is a stronger liability due to the inherent macroeconomic politics of the European Union, which make it a great hedge against quantitative easing, inflation and loss of purchasing power that may happen to USD pegged tokens.” - Nick Calabro, Growth Manager at MiMo

Safest, Fastest Decentralized Approach to Managing Your EURO

With Mimo, traditional banks might be a thing of the past. MiMo offers the safest and fastest way ...
... to access and manage your EURO funds without financial intermediaries. MiMo’s protocol offers PAR, the first price-stable token algorithmically pegged to the EURO. With Mimo, financial services users can borrow and stake PAR as a EURO pegged token while earning rate yields with lower risks.

Users can deposit Bitcoin or Ethereum as collateral to their MiMo vaults to receive PAR tokens as a loan. Once this loan is paid back, it generates fees. The fees generated enter a Healthy Fee Distribution Ecosystem - 10% of the collected fees are used as insurance for securing vaults against liquidation in the event of lowering collateral inside of the vaults. 90% of the fees are used for growing liquidity in PAR’s AMM pools. This lowers slippage in trades between PAR tokens and other crypto assets. Also, users who provide liquidity to PAR Pools earn attractive trading fees from the pool.

Security Audited by Quantstamp

MiMo’s code has been audited by Quantstamp, a leader in blockchain security that verifies that the system works as intended. Evaluating the repository for security-related issues, code quality, and adherence to specification and best practices, MiMo’s Quantstamp security assessment certificate states that “overall, the code is well-written, well-documented, and well-tested.”

For more information regarding MiMo and the PAR token, visit https://mimo.capital

Download the White Paper here: https://mimo.capital/assets/pdf/Mimo%20-%20White%20Paper.pdf

Total Views: 294Word Count: 386See All articles From Author

Add Comment

Business Articles

1. Repair And Maintenance Guide For Garden Fencing
Author: Vikram kumar

2. Lucintel Forecasts The Global Palatant Market To Grow With A Cagr Of 5% From 2024 To 2030
Author: Lucintel LLC

3. Choosing The Right Gas Regulator In Florida: A Complete Guide
Author: Technico

4. Why Deer Park Learners Trust Local Driving Instructors
Author: Aintree Driving School

5. How To Properly Install And Uninstall Your Air Conditioner System With A Low Budget
Author: Neha Jain

6. What Is The Role Of Pdca In Iso 50001?
Author: William Charles

7. Step-by-step Instructions On How To Generate Inventory Reports Quickbooks?
Author: Jack Edwards

8. How To Track Employee Work Hours Efficiently With Trackhr
Author: TrackHr App

9. From Grounded To Global: 4 Ceos Rewiring India’s Aviation Sky
Author: Skyone

10. The Role Of Automation In Modern Cloud Migration Methodology
Author: Netscribes

11. Master Photo Retouching | Steps To Become A Photo Editing Expert
Author: ukclippingpath

12. Great Dependability And Performance Are The Reasons For Extensive Use Of Hydro Pneumatic Press
Author: David Camp

13. Best Lasik Eye Surgery For A Spectacle-free Life
Author: Anil Eye Hospital

14. Industrial Oven Manufacturers In Coimbatore
Author: Heatcon Sensors

15. Plumbing In North Salt Lake: Your Guide To Reliable Services
Author: Brown Jones

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: