BSC News - Elephant Money - Introducing the TRUNK Stablecoin. ELEPHANT is Elephant. Stablecoin values are pegged to the value of a given currency. But there is one cryptocurrency that is designed to be the exact opposite. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Stablecoins are cryptocurrencies without the volatility. Blockchain data on. TRUNK - Nomics. com Domínio BTC: 44. In Elephant Money’s case, this is just the beginning of the Parabolic move. Token Holder Distribution. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. I've been earning 0. S. S. The total stablecoins market cap shrank by $29. 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. Stampede bonding trunk you get 205% and daily compo. 01% in the last 24 hours. TRUNK also benefits holders of ELEPHANT, as 100% of the BUSD used to mint TRUNK is sent to the BUSD treasury which is used to buy back ELEPHANT, meaning that the underlying collateral supporting TRUNK hardens over time as the Elephant. Elephant Money is…The Elephant. ”. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. adobe. dollar. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Elephant. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. ”. com and the amount of stablecoins you deposit. TRUMPET. at the end of year 5, you will have 1. invested in an owned account. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. The ELEPHANT. Liquidity Management (Stability) Launch & Initial Token Distribution. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Partially collateralized stable coin that captures value by being backed by a reserve of assets. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . S. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. 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. If a stablecoin’s owner wants to cash out the coin, the real money can. Each Tether token (USDT) is supposed to be “tethered” to one U. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. 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. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. The coin has seen massive expansion since its launch a few years ago. Elephant Money Farms. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. The stablecoin philosophy minimizes the roles of both central and commercial banks. "," ",". For the majority of the time since the exploit expenses were covered out of the foundersElephant Cash, a decentralized “yield farming” mechanism on the BNB Chain that makes use of the native token ELEPHANT andThis document is a guide to using Ipopt. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. ELEPHANT is used to generate yield for TRUNK and support the peg. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. 2 million worth of Binance Coin. 11 (€0. Stablecoins are a type of cryptocurrency linked to an asset like the U. 100% Upvoted. Minimum 30% interest on your dollar. 08 USD Bancor USDB $ 0. 5%. 05X times your total deposited amount. dollar. S. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. TRUNK para calculadora USD, e muito mais em Coinpaprika. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. dollar that doesn’t change much in value. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. 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. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Dexscreener Elephant/WBNB. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. 1. So far, the main use case for algorithmic stablecoins has been speculative trading. Blame the stablecoins. news/post/e. dollar. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Trunk is a stable coin 1 Busd to 1 trunk ratio . USD Coin, which is also tied to 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. This means that a single unit of a stablecoin is worth exactly one dollar at all times. U. Stamp bonds are tied to your wallet and can be added to at any time. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. A stablecoin pegged to the U. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. S. 01 JPY Coin v1 JPYC $ 0. Step 4: Swap 34,244,200,239,512. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Beginner. USDT (TRC-20) is a U. Minimum 30% interest on your dollar. S. It is designed to find (local) solutions of mathematical optimization problems of the form. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. Unlimited NFT's. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. Fiat-collateralized stablecoins are the most common type and the simplest structure of stablecoins. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. According to Sun, TronDAO “will deploy $2 billion to fight them. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. C. 2 million worth of Binance Coin. Rare coin and precious metals dealer. 52B, after an increase of 0. TRUNK is over-collateralized by BUSD with deep liquidity. I like to take some more risk and higher yields. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Since their all-time supply highs in November 2022 until Feb. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. Some of the most popular stablecoins on the market are. dollar — and issue the. 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. Installing Ipopt. dollar or the Euro. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. Building strong protections into the design of the Libra Reserve. S. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. The notion of something called a stablecoin may strike some as an oxymoron. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 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. dollar. They do this by tracking the value of a given fiat currency on a 1:1 ratio, and can be denominated in any national currency. 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. Log in or sign up to leave a comment. Peach Trunk: 100: Pet Castle: 400: Raised Garden Bed Set of 3: 2,000: Rechargeable House Teleport Tiles: 1,000: Rose of Trinsic: 100: Sacrificial Altar: 100: Scarecrow: 100:Trunk Staking & Stampede Bond. 56% daily. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. ELEPHANT - CoinMarketCap. Scam News. Stable Coin SBC $ 1. 14 Digix Gold Token DGX $ 51. , one unit of a dollar-pegged stablecoin may be equal to $1. Use the Reserve to mint Elephant Money Stable (TRUNK). dollar) or a commodity like gold. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. 0 coins. It is another popular fiat-backed stablecoin and is used on many exchanges. The price increased by 100. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. Token Mechanics - Mint & Redeem. DRIP throws off 1%/day and has a cap of 100k DRIP. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . 207213, and now sits at $0. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. We only do awesome! Canadian Veteran owned. Lock in your gains. Count Withdrawn. Press question mark to learn the rest of the keyboard shortcuts 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. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. The BlockSec ThunderForecast system detected an attack on Elephant Money. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Photo: Pixabay. 00% in the past 7 days. But perhaps even more important for community banks, the market instability is fueling the policymaker push for a regulatory structure to address crypto’s risks. Commodity-Backed Stablecoins. Dollar or a real-world asset such as gold. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. 58 billion and a 24-hour trading volume of 2. dollar or the euro. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. 2 min read. Lastly, the third one. Circulating Supply. 1. The coin’s value only fluctuates based on the price of the physical metal that backs it; buying low and selling high will yield a profit. | Image: Shutterstock USD Coin. Not all stablecoins use the same method to keep their value. 1. Trunk and Release. S. ELEPHANT. 12 July 2023, 18:55 GMT+0000. But the. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. MONEY STABLE is a future-proof way to compound profits made across your portfolio. TRUNK - Nomics. Unlimited NFT's. ELEPHANT. 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. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. Today it reached a high of $0. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. Fiat currency digital asset is the most popular use case for stablecoins. Stable Coin. Unlimited NFT's. Stablecoins minimize typical cryptocurrency. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . TRUMPET. 3 min read. Stampede Perpetual Bonds. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. That’s why they are MY best projects ;-)----Follow. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announces that hackers stole $11. It is pegged to the U. 2130. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. 66 billion to the present $129. TRUMPET. Close. 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. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. S. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. Peg Support Strategy. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. So you have access to stable money that you can use on Ethereum. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. dollar should always be worth approximately $1. Dollars and short-term U. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. 73mil in bonds which will require the system to pay out 3. This animal lives in Africa. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. Token Mechanics - Mint & Redeem. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. scalciaregt • 2 yr. Stablecoins were designed to address this issue, ensuring a stable value over time. Like many. Palladium Coin. the collateral deposited by the user is generally worth more than the DAI they get in return). 2. Its stable crypto coins are always at $1. Well-known Fiat-collateralized Stablecoins. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. You will always earn 2. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. Tether. The most commonly used and referred to stable coins are those that are pegged to one U. It has faced controversies in the past. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. The documentation consists of the following pages: Overview. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a means for trades and transactions — is booming, with some $130. All of these types of stablecoins are available on exchanges like Kraken. Elephant Money Stable (TRUNK) Services. Though they're less turbulent than other cryptocurrencies, there are still risks to. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. dollar, making them less volatile. 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. S. 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. Unlimited NFT's. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. 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. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. Rank. Their value is fixed, usually on a 1:1 basis with the U. Treasury bonds. The main reason to buy and hold stablecoins. 5 million holders. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. Liquidity cost: low. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. Forgoing the future transition to a permissionless system while maintaining its key economic properties. 1. 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). 10). 59%. Circulating Supply. By far the most common denomination of stablecoin is the US Dollar. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. S. Traded on: Binance, CoinSpot, BitFinex, Kraken. Fiat-Backed Stablecoins. The “international. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Stablecoins can be backed by cash, cash equivalents, commodity. The Stablecoins market cap is currently $ 126. Anytime the price peg is threatened, the issuing. e. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. Elephant Money Farms. 8M BUSD to H1, 64,450B. The algorithm controls the coin’s demand and supply, which are dictated by. — 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. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Check out a working copy from a repository. Stablecoins can be categorized on the bases of their working mechanisms: 1. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. Interestingly, the asset’s availability on the Ethereum. In light of this, transactions using bitcoin. 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). A ‘stable’ coin lost its peg over the weekend and pledged $1. A stablecoin is cryptocurrency with a twist. Close. Money’s store of value token (BEP-20) on the Binance Smart Chain (BSC) that captures value by having the most fair distribution, an auto-balancing burn mechanism, and by…It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. 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. ”. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. But there is one cryptocurrency that is designed to be the exact opposite. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. The token is tied to the USD on a 1:1 ratio,. Coins. S. złota, srebra czy ropy naftowej. How stablecoins get their stability. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. Here’s an excerpt from the whitepaper: The Elephant. Posted by 27 days ago. So this is like 20 steps but since it’s polygon it’s cheap to do. Today it reached a high of $0. Use the Reserve to mint Elephant Money Stable (TRUNK). The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. 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. UST (Stablecoin)Stablecoins are a type of digital currency that is supposed to be pegged one-to-one with a fiat currency such as the U. 752 Trunk. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. Each fiat-backed stablecoin is tied to. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. 2130. ELEPHANT is used to generate yield for TRUNK and support the peg. Categories of Stablecoins. io to mitigate smart contract risk. S. It is designed to find (local) solutions of mathematical optimization problems of the form. at the end of year 5, you will have 1. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Cosmos-based. Tether (USDT) is the most widely used stablecoin and is pegged to the U. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. 28 Moremoney USD MONEY $ 1. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. 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. 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. dollar-pegged stable coin project dubbed Stronghold. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. Key Highlights. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Back then the whitepaper referred to it as Mastercoin. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. The main types of stablecoins include fiat-backed. Elephant Money Stable (TRUNK) Services. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Premium Powerups Explore Gaming. The main types of stablecoins include fiat-backed. Guaranteed redemption for $1 USD. S. ”. 23% of stablecoins — were. D. Tether Holdings Ltd. Trunk is the elephant money’s stable coin. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. news/post/e. Trumpet Features. Definition. share. [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Which is easy for people to understand. These coins are kept stable through a computer program running a preset formula; hence, its name. UST, one of the top stablecoins in circulation, dropped well below $0.