StarkNet operates as an open, decentralized Layer 2 (L2) solution, enhancing Ethereum's scalability through cryptographic STARKs technology. It upholds Ethereum's foundational principles, such as decentralization, transparency, inclusivity, and security. The StarkNet Token crucially serves multiple functions within this ecosystem. It is essential for governance, enabling stakeholders to guide the platform's values and strategic direction. Additionally, it is used for transaction fee payments on StarkNet and is integral to participating in the network's consensus mechanism, thus ensuring its operational integrity and security.

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The Euro (EUR) is the official currency of the Eurozone, used by 20+ countries within the European Union. Issued by the European Central Bank (ECB), it is the second-most traded currency globally after the US Dollar. EUR is commonly used in cryptocurrency trading and has inspired stablecoins like EURC and Stasis EURS, which maintain a 1:1 peg to the euro.