1. What is CEUR?

Introduction to CEUR (Celo Euro) Tokens

CEUR is a stablecoin anchored to the euro, launched by the Celo project in June 2021. Celo is a decentralized stablecoin + public chain platform aimed at lowering the threshold for users to access crypto financial services, especially providing convenient transfer and DeFi product usage services to regions lacking bank accounts or financial service channels.

Features of the Celo Project

1. Stablecoin + Public Chain Ecosystem: Celo's business structure includes stablecoins and a public chain platform, offering stronger competitiveness than a pure stablecoin protocol.
2. Mobile First: Celo focuses on underbanked regions, providing convenient transfer and DeFi services through mobile devices.
3. EVM Compatibility: Celo's public chain is compatible with the Ethereum Virtual Machine (EVM), reducing the difficulty for developers to build applications on Celo.
4. Financial Equity and Negative Carbon Concept: The Celo project incorporates financial equity and negative carbon concepts, aligning with mainstream values regarding crypto business expectations.

Characteristics of the CEUR Stablecoin

1. Anchored to the Euro: CEUR is a stablecoin pegged to the euro, providing stable value storage and transfer services.
2. High Number of Holding Addresses: CEUR has a high number of holding addresses, second only to the dollar stablecoin UST from Dai and Terra protocols.
3. Public Chain Support: Celo's public chain offers better performance and autonomy compared to Ethereum, supporting the stability and expansion of CEUR.

In summary, CEUR is a stablecoin launched by the Celo project, pegged to the euro, featuring stable value storage and transfer services, supporting financial equity and negative carbon concepts, EVM compatibility, and providing convenient mobile transfer and DeFi services.

2. Who Founded CEUR?

Celo Euro (cEUR) was founded by the Celo team. The Celo team was established in 2017 by Rene Reinsberg, Marek Olszewski, and Sep Kamvar. Celo Euro is a stablecoin on the Celo blockchain, designed to provide transparent and reliable payment solutions for cross-border payments and transfers.

3. Which Venture Capitalists Invested in CEUR?

According to the provided information, the following venture capital institutions invested in projects within the Tokens field:

1. Andreessen Horowitz (a16z): a16z is one of the most active investors in the crypto space, having invested in multiple Tokens projects, including Coinbase, Ripple, Aleo, Goldfinch, NEAR Protocol, and Arweave.

2. Lightspeed Venture Partners: Lightspeed Venture Partners invested in the first round of Blockchain.com and has invested in other Tokens projects.

3. Paradigm: Paradigm has invested in several Tokens projects, including Sky Mavis, the parent company of Axie Infinity.

4. Union Square Ventures: Union Square Ventures has invested in Tokens projects such as Arweave.

5. Galaxy Digital: Galaxy Digital has invested in multiple Tokens projects, including Sky Mavis, the parent company of Axie Infinity.

6. Pantera Capital: Pantera Capital has invested in Tokens projects, including NEAR Protocol.

7. Blockchange: Blockchange has invested in Tokens projects, including NEAR Protocol.

8. Libertus Capital: Libertus Capital has invested in Tokens projects, including Sky Mavis, the parent company of Axie Infinity.

These institutions have made extensive investments in the Tokens field, covering multiple subfields such as decentralized applications, crypto lending, NFTs, etc.

4. How Does CEUR Work?

Celo Euro (cEUR) is a stablecoin tied to the value of the euro, built on the Celo blockchain and managed by the Mento Protocol. Here is how cEUR operates:

1. Dual Token System: Celo employs a dual token system that includes stablecoins (such as cEUR) and the native token CELO. This design helps maintain the stability of the stablecoin's value.

2. Stabilization Mechanism: The stabilization mechanism of cEUR relies on the Mento Protocol and a set of algorithms. These algorithms regulate the supply of CELO tokens to maintain the stable value of cEUR. When the price of cEUR falls below 1 euro, the Celo protocol sells CELO and buys back cEUR to increase demand; when the price of cEUR exceeds 1 euro, the protocol mints new cEUR and purchases CELO to increase supply.

3. Reserves: The reserves for cEUR consist of CELO and other digital assets, including other stablecoins and Tokens (such as BTC and ETH). This diversified reserve helps maintain the stability of cEUR.

4. Light Client: Celo's light client mechanism allows users to trade Tokens directly using their mobile phones, lowering the barrier to entry for using Tokens.

5. EVM Compatibility: The Celo blockchain is compatible with the Ethereum Virtual Machine (EVM), enabling developers to easily build decentralized applications (DApps) on Celo, while providing faster transaction settlement and lower gas fees.

In conclusion, cEUR offers a stable Tokens option for global mobile users' financial transactions through its unique dual token system, stabilization mechanisms, and reserves management.