If you bond 10k trunk and claim 1 day, compound 1 day, etc. It is collateralized against 75% BUSD and 25% ELEPHANT. Building strong protections into the design of the Libra Reserve. Traded on: Binance, CoinSpot, BitFinex, Kraken. Check out a working copy from a repository. It. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. Elephant Money - Introducing the TRUNK Stablecoin. Photo: Pixabay. According to Sun, TronDAO “will deploy $2 billion to fight them. In Elephant Money’s case, this is just the beginning of the Parabolic move. 3 min read. With policymakers looking to coordinate a policy. Elephant Money is…The 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. Dollar (e. news/post/e. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. C$20. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. To guarantee a $1 peg per coin, fiat-backed stablecoins. Which is easy for people to understand. 14 1irstGold 1GOLD $ 58. The “international. Price Stability Formula. dollar. TronDAO said in a tweet that it added $650 million of USDC to its reserve. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. TRUMPET. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. Money Network’s native bonding system that allows players to deposit their TRUNK and earn a 205% APR (672% APY) from a partially collateralized stable coin. If you choose to “Roll” your daily rewards back into your deposit amount (another way of saying compounding your interests), you’ll have a much higher return than the initial APR. Elephant Money - Introducing the TRUNK Stablecoin. S. Since their all-time supply highs in November 2022 until Feb. Check out our AI powered knowledge base Elephant MoneyELEPHANT. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Today it reached a high of $0. "," ",". Make Sense? Highest rate I have seen is elephant. Maximum APY you can get is 8. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and… Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. 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). Lock in your gains. . Cryptocurrencies are usually characterized by wild price swings and extreme volatility. Stablecoins aim to maintain their pegged rates using different means. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. Trunk is the elephant money’s stable coin. Guaranteed redemption for $1 USD. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. 206396. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Use the Reserve to mint Elephant Money Stable (TRUNK). Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. 米ドルステーブルコイン・日本円ステーブルコイン・ユーロステーブルコイン・ゴールド. report. Unlimited NFT's. It's picked up popularity as more crypto wallets, platforms and. The total stablecoins market cap started the year at $167. The stablecoin allows investors for easier and anonymous. 1. “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. The stablecoin is named TRUNK. 23% of stablecoins — were. 2 million worth of Binance Coin. dollar. Gold has now completed the retest of its long term trend line and should be poised for higher gains. Offering single-currency stablecoins in addition to the multi-currency coin. Stablecoins are a type of cryptocurrency designed to maintain a stable price over time, pegged to the value of an underlying asset, like the U. Elephant Money Farms. ELEPHANT is used to generate yield for TRUNK and support the peg. Though they're less turbulent than other cryptocurrencies, there are still risks to. 5M and its 24h trading volume is $85K. Installing Ipopt. These are widely used. Any other chart, with any other token would be deemed a memecoin, with watchers standing on the sidelines waiting for the FOMO to stop, and the gut-churning Drop to start. 0 TRUNK to 44,156 BUSD . 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. W hitepaper - ELEPHANT. Stampede deposit is locked and drips out a percentage daily. It is 100% immutable with no. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. Trumpet Features. Key Highlights. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. Rank. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. Log In Sign Up. I think this is known as the "Unstable trunk, stable branch" philosophy. Suzxy •. 14 billion. 3. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. But the. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Installing Ipopt. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. 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. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. Stampede Perpetual Bonds. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. 18 billion at the time of writing. MONEY STABLE is a future-proof way to compound profits made across your portfolio. PAX (Paxos. io partner to secure stable coin yield Elephant. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. S. Step 4: Swap 34,244,200,239,512. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. S. S. USDC can be sent and received instantly through Circle or on. S. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. Stablecoins can be backed by cash, cash equivalents, commodity. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. 5 million holders. Yet, it’s already making waves with a market capitalization of 2. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. A guide to stable crypto money. While cryptocurrencies such as bitcoin and ether are appealing for their ability to allow anyone to make payments without the need for a trusted middleman, they often. June 07, 2022. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. 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. USDT, or Tether Limited, was conceived of in January 2012. As of November 9, 2021, USDT is ranked as the sixth-biggest cryptocurrency according to market capitalization, with a worth of $73,331,418,457. 2. Trunk Staking & Stampede Bond. The crypto ecosystem is ever-evolving. Stablecoins have their limitations, depending on the. USD Coin is a popular stablecoin pegged to the U. 00% in the last 24 hours. 56% daily. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. ~Cryptozoa. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. TRUNK High Yield Savings. Coin, or U. 50. bsc. news/post/e. 05X times your total deposited amount. 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). Minting proposes a significant value in the growth of cryptocurrencies as a form of money. 1. If multiple URLs are given, each will be checked out into a subdirectory of PATH, with the name of the subdirectory being the basename of. Start raising the memory clock little by little at +50 MHz intervals. U. Stablecoins aim to maintain their pegged rates using different means. Tether is another stablecoin option which I do not use t the moment. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. 207213, and now sits at $0. ELEPHANT - CoinMarketCap. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Stablecoins are a type of cryptocurrency linked to an asset like the U. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. TRUNK is over-collateralized by BUSD with deep liquidity. There is one trunk but many releases that derive from the trunk. They can be used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be less. “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. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Stablecoins are cryptocurrency coins that attempt to reduce the natural volatility inherent in cryptocurrencies. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. Notifications. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. . 4 billion on January 31, 2023. Stamp bonds are tied to your wallet and can be added to at any time. 2 million lost"Funds are safe, don't answer, don't sell"Elephant Money, a decentralized "yield farming" protocol on BNB Chain with native token ELEPHANT and stablecoin. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 85 at one point late Monday. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Close. S. dollar or gold. 2 million worth of Binance Coin. dollar and backed "100% by Tether's reserves," according to its website. Description. pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of assets denominated in fiat currency. Log in or sign up to leave a comment. The company Circle had said its U. #2. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. 7. Benefit from the Herd: A Partner Network Avail a 0. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Summary. 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. Official Trackers. Circulating Supply. Trunk is a stable coin 1 Busd to 1 trunk ratio . 4. 73mil in bonds which will require the system to pay out 3. ELEPHANT. 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. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. 013318 USD with a 24-hour trading volume of $7,314,866 USD. 2 million in equivalent has been lost permanently. dollar, whereby 1 USDD is always supposed to be equivalent to $1. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. 5 billion contraction represents a 17. Listen. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. 1. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Gold and silver are the most popular commodities kept as the underlying collateral. 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. . 01 bitCNY BITCNY $ 0. 227. Tron founder Justin Sun announced the development in an open letter. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. Currently 69% APR . Each Tether token (USDT) is supposed to be “tethered” to one U. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. With trunk, you are able to compound your earnings when you stake your trunk. dollar — and issue the. This contains the "latest and the greatest" code and is forward looking. 4. Stampede Perpetual Bonds. The declining market caps of these stablecoins confirm this. The decrease came as the result of a broader market sell-off in all cryptocurrencies. 2 million coins and since then, the UST supply has increased by 132,504%. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. Money (TRUNK token). The concept of coins like USDT is simple. dollar should always be worth approximately $1. More popular stablecoins, such as tether (USDT - $82 billion market cap) and USD Coin (USDC - $50 billion market cap), are backed by assets such as fiat dollars in a bank account, treasuries, or. They aim to offer all the benefits of. It is designed to find (local) solutions of mathematical optimization problems of the form. — 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. 9. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. Money and InsurAce. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. 10, 2023, a combined $9. November 7, 2023 at 12:38 PM PST. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . There are four basic types of stablecoins: 1. S. Elephant Money Farms. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. Elephant Money Farms. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. Market Cap. Well-known Fiat-collateralized Stablecoins. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. 96) to the dollar, tanking to a low as $0. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Elephant Money Futures Vaults. Liquidity Management (Stability) Launch & Initial Token Distribution. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. ”. 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. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. By Selena 04/13/22 10:42 PM. Decentralized USD (USDD) is an algorithmic. It has faced controversies in the past. The most popular kind of stablecoins are fiat-backed stablecoins. Stablecoins by Market Cap and Volume. Lastly, the third one. S. 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. . Release is a one-to-many association with trunk. TIME - Inside the World of Black Bitcoin, Where Crypto Is About Making More Than Just Money. It is a fiat-collateralized stablecoin. 55mil in 6 years and this doesn't even include all of the claims that user made. Log in or sign up to leave a comment. Cryptocurrencies. 5 billion in Bitcoin trying to stabilize. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . By far the most common denomination of stablecoin is the US Dollar. Tether (USDT) is the most widely used stablecoin and is pegged to the U. Trunk is your main source. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. 2 min read. Regarding fiat-backed assets, USDC. Unlimited NFT's. But there is one cryptocurrency that is designed to be the exact opposite. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. S. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. ”5 However, there are noStablecoins aim to maintain a stable value through fiat currencies or other assets like gold. They aim to offer all the benefits of. How two coins combined to hold one’s value steady. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. ago. Also, the reward token of DOGS will likely fall in value once stakers reach their 90 day reduction in taxes down from 90% to the minimum 6%, allowing the speculators to sell DOGS with less tax. ELEPHANT is Elephant. S. Victoria, BC. Partially collateralized stable coin that captures value by being backed by a reserve of assets. TRUMPET. Token Mechanics - Mint & Redeem. A stablecoin is a cryptocurrency just like Bitcoin or Ether. The live TerraClassicUSD price today is $0. S. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Unlimited NFT's. Elephant Money Stable (TRUNK) price is up 0. Reason: Removes TRUNK from circulation. Count Withdrawn. 0000055761 BTC BC. The algorithm controls the coin’s demand and supply, which are dictated by. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. Cosmos-based. at the end of year 5, you will have 1. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Both collateral assets are securely stored in. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. 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. The stablecoin philosophy minimizes the roles of both central and commercial banks. Check out our AI powered knowledge base Elephant Money 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. This attack was carried out several times, and according to Elephant Money, a total of $11. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. So this is like 20 steps but since it’s polygon it’s cheap to do. Commodity-Backed Stablecoins. This means that. In light of this, transactions using bitcoin. According to some reports, Elephant Money, a decentralized “yield farming” protocol on BNB Chain with native token ELEPHANT and stablecoin TRUNK, has suffered from an attack on its reserve. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. Examples include tether (USDT), USD coin (USDC) and. Sector. With trunk, you are able to compound your earnings when you stake your trunk. Categories of Stablecoins. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. S.