Yuro is a cryptocurrency designed to protect the value of your crypto assets. You send your Ethereum to Yuro’s smart contract address. It first calculates the current value of Yuro by comparing how much a basket of foreign currencies can be purchased by one Euro. Then the smart contract sends you Yuro tokens equal to the value of your Ether. The Ether you send is securely locked in the smart contract. When you want to redeem your assets, you send back the Yuro tokens, the Yuro smart contract calculates the current value of Ethereum when compared with Yuro and sends you back the equivalent Ether.
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