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TEURO

Copyright (C) 2022 - 2024 TESOBE GmbH

Rationale

Create a blockchain stable coin who’s full and complete ownership graph is forever transparent and traceable to KYC’d legal persons or entities.

Why: Reduce corruption and create networks of values.

Status

The codebase is Work in Progress! We don't yet have any code for stable issuing or proof of reserve.

Properties

  • TEuros can only be transferred between addresses that have confirmed Know Your Customer (KYC) information.
  • The KYC information of addresses are validated by certified institutions such as large banks or national ID schemes.
  • Each transaction records the KYC information (legal name) of both the from and to address at the time of the transaction
  • The number of TEuros will be variable and will match Euros reserves i.e. Euros in Bank accounts (or other Euro Stable coins?). The quantity will start small.
  • The value of a TEuro will be pegged to the Euro

Code

This module contains three packages that enable the full functionalities for the token. The packages are divided as follows:

  1. api-package: Which defines a mock API to mimick what an identity provider would offer.
  2. contract-package: Which contains the smart contracts for the token.
  3. airnode-package: Which contains the airnode definition and the tools to deploy it.

For more details about each package read the README.md file in each of them.