Elephant Money Farms. , one unit of a dollar-pegged stablecoin may be equal to $1. Getty. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. It is designed to find (local) solutions of mathematical optimization problems of the form. Stablecoins, as the name suggests. Reward credits are based on the bond float of Stampede. dollar) or a commodity like gold. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. ELEPHANT. These rates are at the low end when it comes to the crypto exchange industry. U. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. 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. 56% per day. ELEPHANT - Live Coin Watch. 2 million worth of Binance Coin. 04 mStable USD MUSD $. 2. The most popular stablecoins. Coins Of Canada, Victoria, British Columbia. 12 July 2023, 18:55 GMT+0000. dollar, whereby 1 USDD is always supposed to be equivalent to $1. Traded on: Binance, CoinSpot, BitFinex, Kraken. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. ELEPHANT. These are widely used. Palladium Coin. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Name. Tether tokens were designed by the BitFinex crypto exchange platform. Close. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Offering single-currency stablecoins in addition to the multi-currency coin. Consider buying stablecoins for crypto transfers or if you want to lend crypto. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. ”. Press J to jump to the feed. 05X times your total deposited amount. Price Stability Formula. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. the collateral deposited by the user is generally worth more than the DAI they get in return). Gold and silver are the most popular commodities kept as the underlying collateral. 15 June 2023. The coin, called TerraUSD, is designed to maintain its value at $1. dollar that doesn’t change much in value. Trumpet Features. S. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. This. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. scalciaregt • 2 yr. 52B, after an increase of 0. dollar or the Euro. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. 8M BUSD to H1, 64,450B ELEPHANT to H1 ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Stablecoins can be backed by cash, cash equivalents, commodity. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. 3 min read. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. For example, in the U. The stablecoin is named TRUNK. Trunk is your main source. It was launched and issued by the Centre. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . 96) to the dollar, tanking to a low as $0. The coin has seen massive expansion since its launch a few years ago. U. This contains the "latest and the greatest" code and is forward looking. COIN-OR Developer's Guide. Tether is owned by iFinex, the Hong Kong-registered. TRUMPET. I like to take some more risk and higher yields. TerraUSD has been pegged almost exactly to the dollar since its release, but on May 9 it crashed, and it is now worth just over $0. Stablecoins are a class of cryptocurrency that aims to provide price stability. The price increased by 100. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. That is, the latter category of stable. USD Coin (USDC) is a popular stablecoin that is pegged to the U. S. Since their all-time supply highs in November 2022 until Feb. Use the Reserve to mint Elephant Money Stable (TRUNK). Regarding fiat-backed assets, USDC. Back then the whitepaper referred to it as Mastercoin. Yea, stable coins are better ways to earn passively, without any fear of volatility, most DeFi protocol like Celcius, crypto,com & Blockbank offers different rates, but Blockbank's rate seems to be the best, as you get 10% apy on stables, and the reward comes on a weekly basis. USD Coin is backed by reserves held in financial institutions. Tether. ”5 However, there are noStablecoins aim to maintain a stable value through fiat currencies or other assets like gold. Stablecoins are designed to maintain a relatively stable price so that users can avoid the volatility risks common in the crypto markets. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Stablecoins are popular because they act as a kind of intermediary for traders, allowing them to exit a market position and capitalize on their profits. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. In light of this, transactions using bitcoin. How two coins combined to hold one’s value steady. Log In Sign Up. USD Coin, which is also tied to the U. 01% in the last 24 hours. report. With trunk, you are able to compound your earnings when you stake your trunk. Cryptocurrencies. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Palladium Coin. If you bond 10k trunk and claim 1 day, compound 1 day, etc. Stamp bonds are tied to your wallet and can be added to at any time. TRUMPET Token - Additional Details. Go to quickswap to enter the pair in a liquidity pool. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Elephant Money Farms. . Coin, or U. Make Sense? Highest rate I have seen is elephant. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Under the TRUST Act, a payment stablecoin is a convertible virtual currency that is designed to maintain a stable value relative to a fiat currency, such as the U. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. USD Coin is a popular stablecoin pegged to the U. Examples include tether (USDT), USD coin (USDC) and. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. PAX (Paxos. Elephant Money - Introducing the TRUNK Stablecoin. USDT, or Tether Limited, was conceived of in January 2012. 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. Definition. Stablecoins can be backed by cash, cash equivalents, commodity. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. S. 4. dollar. 58% on a DRIP/BUSD stake sounds pretty good…until you realize that the stake value is draining because of the falling value of Drip. Description. S. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Stampede Perpetual Bonds. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. So, not only do you benefit from the 31. Redemption Queue. Elephant Money Futures Vaults. Stablecoins are backed by reserve assets such as the U. Tron founder Justin Sun announced the development in an open letter. To guarantee a $1 peg per coin, fiat-backed stablecoins. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. These coins are kept stable through a computer program running a preset formula; hence, its name. However, algorithmic stablecoins, for now, feature as opportunities. Stable Coin. A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency. 28 Moremoney USD MONEY $ 1. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. The crypto ecosystem is ever-evolving. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. You can see that with stampede, someone grew their account of 10k to 3. Installing Ipopt. Today it reached a high of $0. Log in or sign up to leave a comment. C$20. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. dollar. "," ",". For now, this guide focuses mainly on the migration from SVN to git in order to help everyone get on a solid footing with the move to GitHub. Relative to fiat currency, stablecoins come with a handful of benefits: Accessibility: Stablecoins are globally accessible to anyone with an internet connection and are functional 24/7. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. TRUMPET - How It Works. Beginner. 08 USD Bancor USDB $ 0. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Try to adjust a leg one click, and you'd more than likely rip the cockpit off. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. arrangements consisting of two coins or tokens: the stablecoin, in this case UST, meant to maintain a stable value or “peg,” and a balancer token, in this case, LUNA, the value of which can fluctuate. Elephant Money Stable (TRUNK) Services. share. ELEPHANT - Live Coin Watch. Some stablecoins are pegged to a fiat currency such as the U. This attack was carried out several times, and according to Elephant Money, a total of $11. When 1 UST is less than $1. S. 1. . With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. Stampede Perpetual Bonds. 100% Upvoted. We only do awesome! Canadian Veteran owned. Stablecoins Aim to Achieve Balance. 00% in the last 24 hours. MONEY implements an open global economic engine for stable coin yield. Categories of Stablecoins. Lock in your gains. . Partially collateralized stable coin that captures value by being backed by a reserve of assets. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. 2022-04-15 08:47:27. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. Dollar (e. Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency, but they haven't always been as stable as the name promises. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. 2 million worth of Binance Coin. The total stablecoins market cap shrank by $29. MONEY Is Now Listed on Bogged Finance and Coinbase WalletElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. dollar. All of these types of stablecoins are available on exchanges like Kraken. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. TRUMPET. Official Trackers. Stamp bonds are tied to your wallet and can be added to at any time. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Use the Reserve to mint Elephant Money Stable (TRUNK). 1 comment. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. Elephant Money Stable (TRUNK) Services. There are three main classes of stablecoin: Cash-collateralized stablecoins. e. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. Microsoft: These hackers are using a simple trick to hide their Windows malware | ZDNet Liam Tung is a full-time freelance technology journalist who writes for several Australian publications. It is pegged to the U. They are a vital part of the crypto economy. 01 JPY Coin v1 JPYC $ 0. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. News; Prices;. 14 billion. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Prior to the exploit, I had over $58k invested in Elephant. The Reasons, Risks and Types to Know. This means, by purchasing the stablecoin, that the trader is essentially holding gold. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. TRUNK is the best collateralized stable coin yet (75% BUSD, 25% Elephant Token) which solves the issues found in failed algorithmic stable coins $BDO, and $TITAN because they were pegged. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. BUSD: One of the best stable coin. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. TRUNK - Nomics. MONEY implements a voluntary, sustainable, and permissionless global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). According to Sun, TronDAO “will deploy $2 billion to fight them. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. . BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Fiat-collateralized stablecoins are centralized in nature as there is a single entity that issues the stablecoin, controls the supply, and which is responsible for backing it with. Circulating Supply. Operating primarily on the BNB Chain, it’s a fresh contender in the market. 0 TRUNK to 44,156 BUSD . Read more. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. . There are four basic types of stablecoins: 1. 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. ELEPHANT - Nomics. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. USDC can be sent and received instantly through Circle or on. So far, the main use case for algorithmic stablecoins has been speculative trading. Its sister coin Luna was worth more than $80 (€76. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. The stablecoins with the biggest market capitalization are worth exactly $1 at any given time (with minor fluctuations here and there), which makes them much more stable than the overall cryptocurrency markets, which are volatile. However, you should note that neither of these coins is backed by the United States government like the dollar. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. e. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. % Rolls. You will always earn 2. 5 million holders. Unlimited NFT's. The first through a chronological Redemption queue where arbitragers can buy TRUNK below peg and redeem it for 1:1 BUSD against the Treasury helping helping keep the liquidity pool ratios in balance. AFP via Getty Images. Stampede Perpetual Bonds. Pegging to fiat can be done by the value of the collateralized crypto asset. Elephant Money Stable مخطط الأسعار | القيمة السوقية | TRUNK بالدولار الأمريكي | TRUNK حاسبة عائد الاستثمار | الأخبار | الوصف | الفريق | الأحداث ذات الصلة | المجموعة | العملات المشابهةTron’s USDD will be more like Terra’s UST, and targets $10 billion in reserves, founder Justin Sun said. S. Price Stability Formula. dollar — and issue the. io partner to secure stable coin yield Elephant. Unlimited NFT's. Some of the most popular stablecoins on the market are. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. hide. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. The “international. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. 207213, and now sits at $0. Stablecoins sometimes lose parity with the asset to which they’re pegged. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Step 2 — Consolidate and compound. 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. This comprehensive system provides users with opportunities for yield. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. It is assumed most people are familiar with git, but specific recipes are. This document is a guide to using Ipopt. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. złota, srebra czy ropy naftowej. Currently 69% APR . 73mil in bonds which will require the system to pay out 3. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. 4. ”. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. 55mil in 6 years and this doesn't even include all of the claims that user made. Close. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. 8 [, there are 3 actions happening. Reason: Removes TRUNK from circulation. 5% reward on deposit & rolls by setting up a. 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. Frequently Asked Questions. Cosmos-based. 29 in January 2018. news/post/e. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. 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. 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. 752 Trunk. Elephant Money - Introducing the TRUNK Stablecoin. com Domínio BTC: 44. Outside of those situations, stablecoins probably aren't a necessity. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). 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. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. Lists. S. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 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. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. Scam News. 23% of stablecoins — were. They aim to offer all the benefits of. For example, if functioning correctly a stablecoin pegged to the U. The trunk (torso) is the central part of the body to which the head and the limbs are attached. dollar. S.