Jelurida has partnered with Ardorgate (www.ardorgate.eu) to deliver an Ardor-based Euro pegged child chain token named AEUR. We are excited to announce today the official launch of that child chain service. This expansion pushes Ardor further towards enabling blockchain technology for small and medium sized companies. It continues to prove the viability of the Ardor platform, and also creates a much needed fiat to crypto entry point to the Ardor ecosystem.

The new AEUR tokens can be used to trade any of the assets existing on the Ardor platform, and can be exchanged for ARDR or any child chain coin tokens. This provides a quick and simple entry point into the Ardor and cryptocurrency world using Euro. As each AEUR token will always equal exactly €1, this token will have an inherent stability guaranteed and backed by Ardorgate and their strategic partner Mistertango Bank, the bank serving as the payment processor.

The AEUR child chain represents an important use case and milestone in the growth of the Ardor platform. It enables easy conversion of fiat to crypto, allows buying and selling of items with prices denominated in Euro, trading of blockchain assets and paying dividends again in Euro, and makes participation in ICOs with prices based in Euro easier for all users.

"As a business man who has been dealing with crypto for a long time, I fully understand the challenges new users are faced with when trying to enter the crypto world. The AEUR token provides a simple and affordable solution for them, and a robust tool for businesses to transfer funds quickly between their real world projects and the Ardor platform. This is a one of a kind solution, which opens the door for many future enhancements.", says Martynas Bacevicius, the founder of Ardorgate.

"The entry point into crypto has always been a problem for our European customers, using the AEUR Ardor child chain we now have a simple solution to convert between the Euro and our tokens. We are excited to work with Ardorgate to deliver the best user experience in the blockchain industry", says Lior Yaffe, Co-founder and Managing Director at Jelurida.

Learn more about AEUR, and learn how to purchase it using your Mistertango Bank Account at https://www.ardorgate.eu/tutorial/.

About Ardorgate

Ardorgate is a gate between the Euro and the Ardor Ecosystem. Ardorgate is one of the first Ardor child chains, and its token AEUR is directly pegged to the Euro, and provides a quick and simple way for users to purchase cryptocurrency using a Mistertango Bank account (https://mistertango.com/en/).

About Jelurida

Jelurida is a blockchain software company that enables enterprises to develop blockchain applications using the Nxt and Ardor technologies. Using Jelurida's Nxt and Ardor Blockchain Platforms, companies can quickly and easily join the blockchain revolution and develop decentralized applications which enable third parties to cooperate without trusting each other. Jelurida offers the proof-of-stake consensus and parent/child solutions built on top of four years of software development, IT experience, and technological leadership.