PROOF OF RESERVE PROCESS
SEMI-STABLE TEETER
Each SSTeeter in circulation represents one EURO held in our reserves which means the system is fully reserved when the sum of all SSTeeters in existence (at any point in time) is equal to the balance of EURO (calculated multiplying all SSTeeters by base price) held in our reserve. The corresponding total amount of EURO held in our reserves is proved by publishing the bank balance and undergoing periodic audits by professionals. Find this implementation further detailed in next slide:
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