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EUME: The Future of the European Union’s Virtual Economy

by Amina Mirza
July 21, 2024
in Press Release
Reading Time: 2 mins read
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Introduction to EUME

The cryptocurrency EUME, which stands for EU Metaverse, represents an innovative digital currency designed for use in the future virtual world of the European Union. This currency was launched in December 2021, as a result of the collaborative efforts of development teams from Israel, England, and Belgium. The commercial headquarters of EUME will be located in Brussels, further emphasizing its connection to the European market.

Capital and Investments

The capital for the development of EUME comes from a fund registered in the Cayman Islands, valued in billions of dollars. This fund oversees over 5,000 startup projects, providing the necessary financial support and expertise. To date, a total of 112.5 million tokens have been sold through five phases of the initial coin offering (ICO), representing 25% of the total 450 million tokens prepared, corresponding to the population of the European Union.

Regulatory Framework and Future Plans

One of the key challenges for EUME is its listing on the stock exchange, which is currently not possible due to European regulations. The European Commission is working on legislation called Markets in Crypto-Assets (MiCA), which will establish the legal framework for cryptocurrencies in the EU. The MiCA law will cover the regulation of issuance, trading, and services related to crypto-assets, aiming to provide legal certainty and user protection. This legislation is expected to be adopted by the end of 2024, enabling EUME to be listed on the stock exchange at the beginning of 2025, with an initial value of 6.00 USD per token.

Technical Specifications and Applications

EUME is envisioned as a serious crypto project that will serve for conversions and payments within the EU’s virtual world. In this context, EUME will function as a sort of virtual euro, allowing users to conduct transactions quickly and securely. The technical infrastructure of the EUME currency is designed to ensure high scalability and security, enabling efficient management of a large number of transactions.

Conclusion

EUME represents a significant leap in the world of cryptocurrencies, with the potential to become a key player in the virtual economy of the European Union. With strong investor support and a well-defined legal framework in the making, EUME has all the prerequisites for success. All information about this innovative currency can be found on the official website: www.eume.io.

EUME is more than just a cryptocurrency; it is a vision of the future where digital and real economies coexist, providing new opportunities for business and commerce within the European Union.

 

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