These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. U. 9. June 07, 2022. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. ELEPHANT is used to generate yield for TRUNK and support the peg. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. S. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their partners. 75% in the last 24 hours. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. Both collateral assets are securely stored in. S. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. ELEPHANT - CoinMarketCap. 5. A stablecoin pegged to the U. dollar. $79. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. 2 million coins and since then, the UST supply has increased by 132,504%. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. It is pegged to the U. Log in or sign up to leave a comment. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. While the IT titan isn’t new to the world of crypto, stable. Scam News. When redeeming TRUNK (1% Fee), there are 3 actions happening. With policymakers looking to coordinate a policy. ELEPHANT. A guide to stable crypto money. 1% exchange fee. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. The stablecoin allows investors for easier and anonymous. Elephant Money Farms. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. And with stable coins I use Elephant. It is another popular fiat-backed stablecoin and is used on many exchanges. 55mil in 6 years and this doesn't even include all of the claims that user made. dollar. That structure raises familiar risks. 1 comment. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. S. Calculate between Elephant Money Stable and US Dollars. The live TerraClassicUSD price today is $0. Crypto volatility, both long term and short. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY a nutshell, stablecoins are cryptocurrencies that are designed to minimise price volatility relative to a particular “stable” asset or basket of assets. Well-known Fiat-collateralized Stablecoins. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Each fiat-backed stablecoin is tied to. Coin, or U. MONEY implements an open global economic engine for stable coin yield. 207213, and now sits at $0. Trunk is a stable coin 1 Busd to 1 trunk ratio . Investors didn't want LUNA or UST. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . Secondly, Tether's market capitalization recently. So you have access to stable money that you can use on Ethereum. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. 69. 4. IN under five years, USD coin (USDC), the $38 billion blockchain-based digital dollar issued by Boston-based Circle Financial, has built itself into a leader in the $100 billion plus stablecoin. TRUNK has never. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. 4. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Check out our AI powered knowledge base Elephant MoneyELEPHANT. The issuer builds their coin on a blockchain platform that supports smart contracts. 2. TRUMPET. Token Mechanics - Mint & Redeem. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. Make Sense? Highest rate I have seen is elephant. . Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. Consider buying stablecoins for crypto transfers or if you want to lend crypto. S. 5M and its 24h trading volume is $85K. Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. Tether — USDT; TrustToken; TUSD. Credit: sdx15 / stock. 2 million in equivalent has been permanently lost. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. Elephant. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Check out a working copy from a repository. ELEPHANT is Elephant. Stablecoin to nic innego, jak rodzaj kryptowaluty, a konkretniej tokena płatniczego, którego wartość jest trwale powiązana z wartością określonej tradycyjnej waluty fiat (najczęściej dolara amerykańskiego, rzadziej euro) lub innego dobra np. Unlike. Tether Holdings Ltd. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. ELEPHANT. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Stablecoins can be backed by cash, cash equivalents, commodity. Unlimited NFT's. BUSD: One of the best stable coin. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. . DRIP throws off 1%/day and has a cap of 100k DRIP. Use the Reserve to mint Elephant Money Stable (TRUNK). Gold and silver are the most popular commodities kept as the underlying collateral. dollar. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. Trunk is a stable coin 1 Busd to 1 trunk ratio . 2 million worth of Binance Coin. S. | Image: Shutterstock USD Coin. 05% bonus on every deposit and compound you can do so by becoming my partne. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Pegging to fiat can be done by the value of the collateralized crypto asset. 3. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. Today it reached a high of $0. How stablecoins work. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. If stablecoins become widespread in emerging economies, it could also impact the effectiveness of their tax collection and revenue, Miyoshi and the G20 official said. Tether. 1. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. The declining market caps of these stablecoins confirm this. S. Stablecoins aim to maintain their pegged rates using different means. S. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. Both collateral assets are securely stored in. ago. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. ELEPHANT - CoinMarketCap. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Suzxy •. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. They can achieve this predictability by pegging their market value to an external reference point like a fiat currency (for example, Tether has pegged to the U. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. D. The stablecoin is named TRUNK. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. 14 Digix Gold Token DGX $ 51. % Rolls. Start raising the memory clock little by little at +50 MHz intervals. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 93K Followers. dollar should always be worth approximately $1. io to mitigate smart contract risk. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Stablecoins aim to maintain their pegged rates using different means. 85 at one point late Monday. The ELEPHANT. Stablecoins can be backed by cash, cash equivalents, commodity. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. . invested in an owned account. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. This “peg” ensures a stablecoin stably expresses the value of its associated external asset, which in the vast majority of cases is a major fiat currency issued by a central bank. 56% per day. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. By far the most common denomination of stablecoin is the US Dollar. Posted by 27 days ago. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. 12 July 2023, 18:55 GMT+0000. The algorithm controls the coin’s demand and supply, which are dictated by. Unlimited NFT's. Treasury bonds. Listen. 01 DigixDAO DGD $ 36. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Partially collateralized stable coin that captures value by being backed by a reserve of assets. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Token Mechanics - Mint & Redeem. 1. Examples on the Binance Smart Chain are: BUSD; USDC; USDT; TRUNK. For example, if functioning correctly a stablecoin pegged to the U. Circulating Supply. dollar. Decentralized USD (USDD) is an algorithmic. 10). One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. The working of these stablecoin is a complex. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. 4 billion on January 31, 2023. , one unit of a dollar-pegged stablecoin may be equal to $1. . Palladium Coin. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. Go to beefy to auto compound this stable coin pair. . To maintain a stable value relative to fiat currency, many stablecoins offer a promise or expectation that the coin can be redeemed at par upon request. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. Volatility in Ethereum severely affected Dai’s stability in 2020. Elephant Money Stable (TRUNK) Services. The notion of something called a stablecoin may strike some as an oxymoron. S. "," ",". ”. dollar. 96) to the dollar, tanking to a low as $0. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. S. S. USDT (TRC-20) is a U. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. dollar or gold. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. Summary. Elephant Money Farms. , one unit of a dollar-pegged stablecoin may be equal to $1. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. TRUNK deposits can be redeemed anytime. . The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. g. A stablecoin that is “pegged” or “anchored” to another asset is a stablecoin that follows the buying power of another asset that people consider to be stable, like the Dollar, Euro, or Yen. You. USD Coin, which is also tied to the U. Categories of Stablecoins. 1%. 8M BUSD to H1, 64,450B. dollar, whereby 1 USDD is always supposed to be equivalent to $1. TRUNK Stake. Operating primarily on the BNB Chain, it’s a fresh contender in the market. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to adjust their supply based on demand. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. That’s why they are MY best projects ;-)----Follow. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. Unlimited NFT's. Each Dai token is backed by 62% USDC and 29% ETH. Elephant. Algo peg to the dollar. Blockchain data on. 55mil trunk over the next year. 4. Key Highlights. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. We would like to show you a description here but the site won’t allow us. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . dollar. The. Building strong protections into the design of the Libra Reserve. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. It is collateralized against 75% BUSD and 25% ELEPHANT. There is one trunk but many releases that derive from the trunk. Stablecoins are a type of cryptocurrency linked to an asset like the U. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. Elephant Money - Introducing the TRUNK Stablecoin. However, algorithmic stablecoins, for now, feature as opportunities. Circulating Supply. TRUMPET. Minimum 30% interest on your dollar. The price increased by 100. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. ELEPHANT - Nomics. With trunk, you are able to compound your earnings when you stake your trunk. 013318 USD with a 24-hour trading volume of $7,314,866 USD. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. Minimum 30% interest on your dollar. On May 9, 2022, UST's price plummeted to as low as $0. . It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. The total market capitalization of this coin has reached $32 billion. Coins Of Canada, Victoria, British Columbia. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. The issuer builds their coin on a blockchain platform that supports smart contracts. In most cases, a stablecoin fixes its rate on a one-to-one basis. High Yield with Zero Fees / Taxes. Stablecoins are cryptocurrency coins that attempt to reduce the natural volatility inherent in cryptocurrencies. 75% p. Trunk Staking & Stampede Bond. Centralized Coins Backed by Fiat Currency. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. . The price of TRUNK COIN has risen by 100. dollar, making them less volatile. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Reason: Removes TRUNK from circulation. Elephant Money - Introducing the TRUNK Stablecoin. Elephant Money Farms. bsc. S. Today it reached a high of $0. The main types of stablecoins are fiat-collateralized and crypto. TL;DR. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Tether tokens were designed by the BitFinex crypto exchange platform. This attack was carried out several times, and according to Elephant Money, a total of $11. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary additi. The top 5 stablecoins in 2023 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. S. My second largest holding is in Elephant Money, and the 3 different internal projects of the BTC-like speculative Elephant Money, The Trunk Stablecoin staking, and the DRIPlike Stampede paying 0. USD Coin (USDC): This is the second largest stable coin after tether. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. , one unit of a dollar-pegged stablecoin may be equal to $1. Dexscreener Elephant/WBNB. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. For example, if functioning correctly, a stablecoin pegged to the US dollar or. So, not only do you benefit from the 31. 5% reward on deposit & rolls by setting up a. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . For example, in the U. Though they're less turbulent than other cryptocurrencies, there are still risks to. S. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. We are working with our partners at Certik /InsurAce to. The end result after a year of higher highs, Elephant Money (in my. S. ~Cryptozoa. 7. . B USD or BinanceUSD was launched on September 5th of 2019. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. ELEPHANT is the other token for the protocol. S. 2 million worth of Binance Coin. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. dollar. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Price Stability Formula. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. In some cases, these rates can be similar to or even lower than those on fiat exchanges. Go to quickswap to enter the pair in a liquidity pool. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. It is assumed most people are familiar with git, but specific recipes are. The plan for Facebook’s Libra cryptocurrency was that it would be pegged to a basket of national currencies, similar to the IMF’s Special Drawing Right. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their. D. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. save. — Jeremy Allaire (@jerallaire) December 2, 2020One of the most well-known stable coins is Binance, and it is tied to a ratio of 1:1. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Price remains stable because if you can buy the coin for less than $1, you can go and exchange it with the issuer for $1 and vice versa. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. news/post/e. Unlimited NFT's. Since their all-time supply highs in November 2022 until Feb. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. A stablecoin is a digital currency that is linked to an underlying asset such as a national currency or a precious metal such as gold. C$20. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. Read more. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. How two coins combined to hold one’s value steady. 2 million worth of Binance Coin. 1. Since crypto is a volatile market and stability is a far-fetched dream, these crypto-backed stablecoin are often over-collateralized to compensate for the volatility in the value of the underlying cryptocurrency. 58 billion and their market. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. 58 Karatgold Coin KBC $ 0. Notifications. 2. 55mil in 6 years and this doesn't even include all of the claims that user made. Use the Reserve to mint Elephant Money Stable (TRUNK). Lock in your gains. Home » Coins Listing » Elephant Money Stable( TRUNK ) info, Elephant Money Stable( TRUNK ) chart, market cap, and price Elephant Money Stable (TRUNK) on BSC Elephant Money Stable (TRUNK) is a cryptocurrency, deployed. Benefit from the Herd: A Partner Network Avail a 0. It is designed to find (local) solutions of mathematical optimization problems of the form. S. Unique. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. 15 June 2023. 01 bitCNY BITCNY $ 0. TRUMPET. 0 TRUNK to 44,156 BUSD . 8 [![Build Status](. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound.