WhitePaper

What is OERO

Introduction

1.1 What is OERO

OERO is a cryptocurrency, which is tied to the euro, having all the advantages of the most popular currency in the world, and clarity, invariability and effectiveness of the blockchain.

The value of OERO is equal to the value of the euro on the blockchain. It is backed by liquidity assurance system, made by our ecosystem collegues. Every token is supported by euros kept in our reserves.

1.2 What problems does OERO solve?

The biggest issue at the cryptocurrency market is a currency volatility. That's why people and companies don't want to have a deal with cryptocurrencies. Moreover this sphere is easily to be fraud, there are a lot of ways to cheat a client. OERO has a solution to these problems, entering a digital money, which value is backed by euro. The speed, reliability and high-price bank commissions make up some problems at the traditional market, what leads to the bigger expenses. Tokenizing every euro in its accounts in more than 200 banks of the world solved these issues. Consumed time of actions is shorten to the seconds.

HOW DOES OERO WORK?

OERO easily change fiat funds into digital stockpiles. OERO time of transaction is minimized less than 24 hours. In future, it is going to be a competitive way of payment among corporations and people.

2.1 How it works in the blockchain

OERO is founded on the Ethereum blockchain. It lets you process up 20 transactions at a second. Moreover Oero has a wallet to keep Eur BTC ETH, where you will be able to make a multi-platform transactions.

2.2 The flow of funds work description

There are five steps in the OERO life cycle:

How it works in the blockchain

STEP 1

Fiat currency is put by the client into a bank account on the OERO INTERNATIONAL OÜ

STEP 2

OERO INTERNATIONAL OÜ creates and credits OERO user account. Now EUR comes into the process. The number of fiat currency, which was put by the client, is equal to the number of OERO issued to the user (i.e. 10k fiat EUR deposited = 10k OERO (EUR))

STEP 3

A deal is made by clients. The client is able to store, transfer and exchange OERO through p2p open source, pseudo anonymous, Ethereumbased platform.

STEP 4

The client puts OERO IN THE OERO INTERNATIONAL OÜ for redemption (transfer) into fiat currency.

STEP 5

OERO INTERNATIONAL OÜ leads the process of OERO tokens demission(OEUR) received from clients for the purpose of Fiat euros withdrawal.

STEP 6

OERO INTERNATIONAL OÜ transfers fiat currency to the bank account of the client.

Clients can also get OERO through exchangers. As soon as OERO goes into process, it can be traded.

The main process, which helps the solvency of the system, includes in that the OERO INTERNATIONAL OÜ is the only party that can release OERO into circulation (create them) or remove them from circulation (destroy them).

THE CONFIRMATION OF OERO SECURITY

Cryptocurrency sphere is easy to be fraud. People should be careful to find reliable digital assets.

Why you may trust OERO? The main reason is OERO is a cryptocurrency, which is tied to the euro, having all the advantages of the most popular currency in the world, and clarity, invariability and effectiveness of the blockchain. What you can always check is:

- The bank account balance on the transparency page of our site is published daily.

- Our bank balance sheet and financial transfer report are regularly are checked, signed and published by professional auditors.

OERO TRANSPARENCY PAGE

TEUR = “Total property Tokens” for asset ID “OERO” at etherscan.io

DEUR = “Daily” Bank Account Balance

TEUR <= DEUR ALL OERO ARE FULLY RESERVED

APPLICATION OPTIONS

4.1 For exchange

OERO can attract buyers such as companies, investors to use it as a way of payment alternative to traditional one.

4.2 For cross-border transactions of individual and legal person

For OERO owners it is very fast to send money across the border, because OERO is represented in more than 200 bank accounts.

4.3 To hedge against volatility of an unstable cryptocurrency

Low volatility OERO is determined by more or less stable Euro.

4.4 Access to the reliable currency

OERO can provide people, who live in countries with inflatory currencies, with access to a stable repository of valuables.

CONCLUSION

OERO can provide people with secure and stable investment. OERO is fully backed by EURO. Our team consists of high professional specialists. The transactions through the borders goes very fast and secure. Contact us to have more information.