Elephant Money Stable (TRUNK) price is up 0. 00% in the last 24 hours. USDT can be used to purchase products. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. bsc. 8M BUSD to H1, 64,450B. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. TronDAO said in a tweet that it added $650 million of USDC to its reserve. g. But the. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Examples include tether (USDT), USD coin (USDC) and. November 16, 2023 at 5:51 AM PST. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. 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. Tether — USDT; TrustToken; TUSD. Crypto was meant to unseat the financial giants. S. dollar or the euro. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. TRUNK has never. Turn on the mining software without overclocking. How two coins combined to hold one’s value steady. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. 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. Premium Powerups Explore Gaming. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. How stablecoins get their stability. Minimum 30% interest on your dollar. Key Points. Stablecoin. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. Liquidity cost: low. ~Cryptozoa. 1%. com Domínio BTC: 44. 2 million in equivalent has been lost permanently. In light of this, transactions using bitcoin. I've been earning 0. S. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. Coins. 5. and Europe, as well as a consumer flight to safety in the crypto. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. ステーブルコイン（英: Stablecoins ）とは、その価格が法定通貨、または市場で取引されるコモディティ（貴金属や工業用金属等の商品）などと連動（ペッグ）するよう設計されている暗号通貨である 。. USDT (TRC-20) is a U. For example, in the U. 0 TRUNK to 44,156 BUSD . The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. adobe. 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. Stablecoins can be backed by cash, cash equivalents, commodity. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. Today it reached a high of $0. ELEPHANT is used to generate yield for TRUNK and support the peg. S. Use the Reserve to mint Elephant Money Stable (TRUNK). Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. Elephant Money Stable (TRUNK) Services. 00. 96) to the dollar, tanking to a low as $0. 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. Trunk is the elephant money’s stable coin. S. S. 10, 2023, a combined $9. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Launched in 2019, this coin is a creation of the colossal centralized crypto exchange, Binance, in partnership with Paxos. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. 227. The “international. S. 73mil in bonds which will require the system to pay out 3. Written by Crypto And DeFi. ELEPHANT. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. It will help the channel grow and proceeds will be given back to our community. Posted by 27 days ago. ELEPHANT - Coingecko. And as the media increasingly covers the subject, many people are left wondering: What is stablecoin? Stablecoins are an attempt to create a cryptocurrency token with a stable price. S. For example, in the U. Elephant Money is…The Elephant. . TRUMPET. Trunk Staking & Stampede Bond. I’m then taking the income from DRIP and diversifying into the elephant ecosystem as a stable coin based strategy, using both TRUNK and STAMPEDE to further. We update our USTC to USD price in real-time. Unlike cryptocurrencies like Bitcoin, their prices remain steady. 12 July 2023, 18:55 GMT+0000. Check answer Show a letter Show answer. 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. This means, by purchasing the stablecoin, that the trader is essentially holding gold. share. S. 75% in the last 24 hours. Stampede Perpetual Bonds. 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. Posted by 27 days ago. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . news/post/e. 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. TRUNK is over-collateralized by BUSD with deep liquidity. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. Thus, it is correct to forecast success in the fate of the asset. . GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Elephant Money’s ‘TRUNK’ Token — How To Turn $1 To $26k+ At Odds Of Just 900/1 Elephant Money: How To Win In The Ecosystem For A Potential 100X. These are widely used. ELEPHANT - Coingecko. ELEPHANT - CoinMarketCap. 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. 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 . 2 min read. We only do awesome! Canadian Veteran owned. Both collateral assets are securely stored in treasuries. ELEPHANT. TRUMPET. 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. 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. 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. So this is like 20 steps but since it’s polygon it’s cheap to do. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Liquidity Management (Stability) Launch & Initial Token Distribution. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. However, algorithmic stablecoins, for now, feature as opportunities. The stablecoin philosophy minimizes the roles of both central and commercial banks. Their value is fixed, usually on a 1:1 basis with the U. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. 10). TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. Gold and silver are the most popular commodities kept as the underlying collateral. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. The Stablecoins market cap is currently $ 126. Stablecoins are crypto assets that aim to keep their price “pegged” to the market value of an external asset such as a fiat currency or commodity. So far, the main use case for algorithmic stablecoins has been speculative trading. TRUMPET - How It Works. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Summary. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. Tether (USDT) is the most widely used stablecoin and is pegged to the U. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. Stampede Perpetual Bonds. The declining market caps of these stablecoins confirm this. Name. g. Suzxy •. There are four basic types of stablecoins: 1. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. For example, in the U. 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. The total market capitalization of this coin has reached $32 billion. 05X times your total deposited amount. , one troy ounce of gold) and be collateralized by that commodity or a combination of that commodity and other collateral in an amount equal to the face amount of outstanding coins. Since their all-time supply highs in November 2022 until Feb. Anytime the price peg is threatened, the issuing. The ELEPHANT. 15 June 2023. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. 206396 0. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. Unlike traditional cryptocurrencies. Stamp bonds are tied to your wallet and can be added to at any time. Because they are pegged to a real-world asset, they represent real money. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. When redeeming TRUNK (1% Fee), there are 3 actions happening. the collateral deposited by the user is generally worth more than the DAI they get in return). 1. news/post/e. To guarantee a $1 peg per coin, fiat-backed stablecoins. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. QiDao is currently incentivizing the protocol so you’ll get a weekly drop of Qi to sweeten the deal. But there is one cryptocurrency that is designed to be the exact opposite. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. Stampede Perpetual Bonds. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Categories of Stablecoins. USD Coin is backed by reserves held in financial institutions. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Coins. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. Read more. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. amount of outstanding coins. Trunk is a stable coin 1 Busd to 1 trunk ratio . TRUMPET - How It Works. S. Elephant Money Farms. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. 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. 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. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. Both collateral assets are securely stored in. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. Volatility in Ethereum severely affected Dai’s stability in 2020. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. The end result after a year of higher highs, Elephant Money (in my. Key Takeaways. 18 billion at the time of writing. 013318 USD with a 24-hour trading volume of $7,314,866 USD. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. ELEPHANT - Live Coin Watch. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Guaranteed redemption for $1 USD. Below are the top 10 stablecoins by market cap as of March 31, 2023, and one of the most popular collateralized commodity stablecoins. Elephant Money Stable (TRUNK) Circulating Supply. Elephant Money Farms. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. 5M and its 24h trading volume is $85K. Currently 69% APR . We make custom products you're super proud to. TRUMPET - How It Works. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. Token Mechanics - Mint & Redeem. Token Mechanics - Mint & Redeem. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. If PATH is omitted, the basename of the URL will be used as the destination. S. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Coin, or U. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. Stampede bonding trunk you get 205% and daily compo. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. Victoria, BC. Decrypt • Nov 22, 23. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. dollar. 1. Price Stability Formula. Sector. You will always earn 2. This. Stablecoins Aim to Achieve Balance. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. 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. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Its sister coin Luna was worth more than $80 (€76. Reason: Removes TRUNK from circulation. 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. Stable Coin. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. bsc. They aim to offer all the benefits of. 2 million worth of Binance Coin. S. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. It has faced controversies in the past. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. , one unit of a dollar-pegged stablecoin may be equal to $1. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. 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. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. at the end of year 5, you will have 1. USDC has recently grown in market share—helped by its. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. Lastly, the third one. The coin, called TerraUSD, is designed to maintain its value at $1. Stablecoins aim to maintain their pegged rates using different means. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. TRUMPET. Description. 26. share. S. Tether. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. It is another popular fiat-backed stablecoin and is used on many exchanges. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. TRUNK deposits can be redeemed anytime. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Some algorithmic stablecoins have depegged in the past. Stablecoins sometimes lose parity with the asset to which they’re pegged. S. Stablecoins are cryptocurrencies without the volatility. 3 min read. The main types of stablecoins include fiat-backed. Money is happy to confirm that we have officially partnered with InsurAce. 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. io to mitigate smart contract risk. 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. Bitcoin, the bellwether for the crypto market, took a beating this week. TRUNK - Nomics. Elephant Money - Introducing the TRUNK Stablecoin. Redemption Queue. Firstly, Tether has very little actual cash backing USDT since most of the assets backing the stablecoin are various forms of debt and other digital assets. Both collateral assets are securely stored in treasuries. Step 2 — Consolidate and compound. ago. 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. e. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. The main reason to buy and hold stablecoins. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Reason: Removes TRUNK from circulation. Elephant Money Stable (TRUNK) Services. The crypto ecosystem is ever-evolving. A stablecoin pegged to the U. With trunk, you are able to compound your earnings when you stake your trunk. The BlockSec ThunderForecast system detected an attack on Elephant Money. Unlocking Synthetic Derivatives With Chainlink Oracles. TRUNK - Nomics. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Crypto-collateralized stablecoins. S. Tether is owned by iFinex, the Hong Kong-registered. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. Sharkz Coins, Victoria, British Columbia. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. Not all stablecoins use the same method to keep their value. Cosmos-based. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. ”. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. 1 comment. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. It is designed to find (local) solutions of mathematical optimization problems of the form. 2 million coins and since then, the UST supply has increased by 132,504%. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. 2:25. Lock in your gains. 1. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). Interestingly, the asset’s availability on the Ethereum. Turn on the mining software without overclocking. The pilot transaction allowed Victor Smorgon Group, the investment company of Melbourne’s billionaire Smorgon family, to send $30 million to a digital asset fund manager, Zerocap, within 10 minutes. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Check out our AI powered knowledge base Elephant MoneyELEPHANT. 14 1irstGold 1GOLD $ 58. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Stablecoins minimize typical cryptocurrency. You can see that with stampede, someone grew their account of 10k to 3. I think this is known as the "Unstable trunk, stable branch" philosophy. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. 5 million holders. 58 Karatgold Coin KBC $ 0. Release is a one-to-many association with trunk. TRUNK para calculadora USD, e muito mais em Coinpaprika. 5% reward on deposit & rolls by setting up a. ELEPHANT - Live Coin Watch. ELEPHANT. Coinpaprika. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. dollar. There are three types of stablecoins: fiat-backed, crypto-backed, and algorithmic. Credit: sdx15 / stock. 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. save. S. Stampede Perpetual Bonds. 56% per day. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. C$20. If you bond 10k trunk and claim 1 day, compound 1 day, etc. The documentation consists of the following pages: Overview. S. 5 billion contraction represents a 17. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Elephant Money Futures Vaults. AFP via Getty Images. 66 billion to the present $129. . Fiat-Backed Stablecoins.