Transparency & Trust

Built on openness and verifiability

Smart Contracts

All contracts are open-source and verified on block explorers

Ethereum
BGNC: 0x0000000000000000000000000000000000000000 Vault: 0x0000000000000000000000000000000000000000

Reserves

Every BGNC is backed 1:1 by EURC held in the Vault contract

Total BGNC Supply 0.00
EURC Reserves 0.00

Fee Structure

10 basis points (0.1%) fee on mint and burn operations, used for project maintenance

Mint Fee 0.1%
Burn Fee 0.1%
Fees are collected in EURC and used for project maintenance

Governance

Upgradeable Vault contract with transparent upgrade mechanisms

Technical Specifications

Exchange Rate

1 EURC = 1.95583 BGNC

Fixed rate mirroring the BGN to EUR peg

How It Works

  1. 1
    Deposit EURC

    Users deposit EURC (minimum 1 EURC) to the Vault contract

  2. 2
    Mint BGNC

    BGNC is minted at the rate of 1.95583 BGNC per EURC, minus 0.1% fee

  3. 3
    Redeem Anytime

    Burn BGNC (minimum 1 BGNC) to receive EURC back, minus 0.1% fee