Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. 00. Peg Support Strategy. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. It is designed to find (local) solutions of mathematical optimization problems of the form. $79. Crypto was meant to unseat the financial giants. 1. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. 10). 2. 69. 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. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. 4. Official Trackers. Today it reached a high of $0. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Log in or sign up to leave a comment. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. The torso muscles attach to the. Close. Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to adjust their supply based on demand. 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. com and the amount of stablecoins you deposit. Cryptocurrencies. ELEPHANT - Live Coin Watch. Trunk. 55mil trunk over the next year. The total stablecoins market cap started the year at $167. 8 BUSD is equal to the value of 276. It. It has a market cap of over $42 billion dollars and almost 1. 75% in the last 24 hours. 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. S. g. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. Guaranteed redemption for $1 USD. “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. Unlimited NFT's. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. 20 coins Earn up to 26% Kraken Staking US Dollar 4. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. 58 billion and their market. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. Offering single-currency stablecoins in addition to the multi-currency coin. Fiat-Backed Stablecoins. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. TRUNK deposits can be redeemed anytime. So far, the main use case for algorithmic stablecoins has been speculative trading. The main types of stablecoins are fiat-collateralized and crypto. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Stablecoins Aim to Achieve Balance. 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. 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. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. 1. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. 4. One of the most prominent examples of a stablecoin is Tether (USDT). But there is one cryptocurrency that is designed to be the exact opposite. TRUNK COIN. | Image: Shutterstock USD Coin. Elephant Money Stable Coin price is $0. S. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. Elephant Money - Introducing the TRUNK Stablecoin. Stablecoins are digital assets that are designed to maintain a stable price over time. DRIP throws off 1%/day and has a cap of 100k DRIP. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. S. The stablecoin allows investors for easier and anonymous. The declining market caps of these stablecoins confirm this. With policymakers looking to coordinate a policy. Token Mechanics - Mint & Redeem. This comprehensive system provides users with opportunities for yield. Trumpet Features. The token is tied to the USD on a 1:1 ratio,. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. ELEPHANT. It has faced controversies in the past. BUSD: One of the best stable coin. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. dollar or the euro. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. The live TerraClassicUSD price today is $0. 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. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. 58 Karatgold Coin KBC $ 0. Since their all-time supply highs in November 2022 until Feb. Count Withdrawn. Start raising the memory clock little by little at +50 MHz intervals. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. S. amount of outstanding coins. 206396. hide. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. 18 billion at the time of writing. Tron founder Justin Sun announced the development in an open letter. S. “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. In most cases, a stablecoin fixes its rate on a one-to-one basis. ELEPHANT. But there is one cryptocurrency that is designed to be the exact opposite. news/post/e. bsc. Forgoing the future transition to a permissionless system while maintaining its key economic properties. Elephant Money Stable (TRUNK) Services. S. 00% in the past 7 days. S. ELEPHANT - Live Coin Watch. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. Log In Sign Up. 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. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. S. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Stamp bonds are tied to your wallet and can be added to at any time. at the end of year 5, you will have 1. ELEPHANT - CoinMarketCap. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. dollar. 0000055761 BTC BC. Minimum 30% interest on your dollar. In most cases, a stablecoin fixes its rate on a one-to-one basis. 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. Step 4: Swap 34,244,200,239,512. 227. 58 billion and a 24-hour trading volume of 2. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. The stablecoin philosophy minimizes the roles of both central and commercial banks. ELEPHANT is used to generate yield for TRUNK and support the peg. 2 min read. A guide to fiat-pegged cryptocurrencies. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Lastly, the third one. They are a vital part of the crypto economy. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. 9. Liquidity Management (Stability) Launch & Initial Token Distribution. 36%) Domínio BTC: 44. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. “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 and Release. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. Elephant Money Stable Coin price is $0. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. 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. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. 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. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. S. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. Circulating Supply. In Elephant Money’s case, this is just the beginning of the Parabolic move. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. Inaczej mówiąc, podobnie jak w przypadku kontraktów. 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. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. Staking TRUNK; TRUNK is the stablecoin of the protocol. TRUMPET. 8 [ Services. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. Price Stability Formula. Stampede Perpetual Bonds. 55mil in 6 years and this doesn't even include all of the claims that user made. 207213, and now sits at $0. Both collateral assets are securely stored in. It is designed to find (local) solutions of mathematical optimization problems of the form. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. T erraUSD (UST) is a stablecoin built on the Terra blockchain and was designed to always retain its value of $1, or sometimes known as. 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. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. dollar, whereby 1 USDD is always supposed to be equivalent to $1. Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announces that hackers stole $11. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. 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. TRUNK Rolled. Elephant Money - Introducing the TRUNK Stablecoin. B USD or BinanceUSD was launched on September 5th of 2019. Elephant Money Farms. 206396 0. On November 25, 2020, UST had a circulating supply of 13. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. Some stablecoins are pegged to a fiat currency such as the U. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. U. MONEY STABLE is a future-proof way to compound profits made across your portfolio. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. Over the weekend gold recovered towards the $2,000 barrier hitting a high of $1,984 and moving back towards its support around $1,950. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. Lock in your gains. 5M and its 24h trading volume is $85K. Step 2 — Consolidate and compound. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Installing Ipopt. 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). Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. 3. Stampede Perpetual Bonds. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. ”. TRUNK - Nomics. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. MONEY STABLE is a future-proof way to compound profits made across your portfolio. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). Fiat-Backed Stablecoins. This “peg” ensures a stablecoin stably expresses the value of its associated external asset, which in the vast majority of cases is a major fiat currency issued by a central bank. Elephant Money Farms. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Turn on the mining software without overclocking. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. . With trunk, you are able to compound your earnings when you stake your trunk. Check out a working copy from a repository. Elephant Money - Introducing the TRUNK Stablecoin. Stampede bonding trunk you get 205% and daily compo. You. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. ELEPHANT is used to generate yield for TRUNK and support the peg. Unlocking Synthetic Derivatives With Chainlink Oracles. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. The new stablecoin will also be available on Ethereum. Both collateral assets are securely stored in treasuries. Elephant Money Farms. Stablecoins are cryptocurrencies without the volatility. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. Here’s an excerpt from the whitepaper: The Elephant. The $29. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. TrueUSD (TUSD) At the moment it is one of the most reliable and proven stablecoins, as the company creating it has an open and transparent policy. But the. UST, one of the top stablecoins in circulation, dropped well below $0. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. It is collateralized against 75% BUSD and 25% ELEPHANT. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. 23% of stablecoins — were. This mechanism is of course subject to the limits described in (2). 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. Traded on: Binance, CoinSpot, BitFinex, Kraken. 52B, after an increase of 0. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. In addition, Tether (USDT) is a native token of the Tether network. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. , one unit of a dollar-pegged stablecoin may be equal to $1. Elephant Money Farms. These rates are at the low end when it comes to the crypto exchange industry. Tether — USDT; TrustToken; TUSD. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. Stablecoins are designed to maintain a relatively stable price so that users can avoid the volatility risks common in the crypto markets. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Like many. 1. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. Treasurys. Redemption Queue. Check answer Show a letter Show answer. report. Coinpaprika. S. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. A guide to stable crypto money. . November 7, 2023 at 12:38 PM PST. 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. Gold and silver are the most popular commodities kept as the underlying collateral. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . These tokens are intended to function with stability, as their name implies. 3. It might as well define the next era of monetary ecosystems, which will probably be decentralized. 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. It generally isn't always stable. That is, the latter category of stable. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. Stampede Perpetual Bonds. If the price of the stablecoin starts veering up or down from the value of the asset it is pegged to, then the supply of the stablecoin can be adjusted to get the price back to where it should be. com. ELEPHANT is Elephant. ago. TRUNK is over-collateralized by BUSD with deep liquidity. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . How two coins combined to hold one’s value steady. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Operating primarily on the BNB Chain, it’s a fresh contender in the market. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. The company Circle had said its U. ELEPHANT - Coingecko. Fundamentally, backing the coin with less volatile traditional assets like USD or Gold makes it more stable, thus providing a safer alternative for all the players in the crypto ecosystem. S. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. This doesn’t work for all stablecoins, especially those tied to the US dollar. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. Algo peg to the dollar. S. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Trumpet Features. Pegging to fiat can be done by the value of the collateralized crypto asset. TRUNK has never. Unlimited NFT's. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. S. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. Unlike cryptocurrencies like Bitcoin, their prices remain steady. 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. 5%. 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. Stablecoins are backed by reserve assets such as the U. Key Highlights. 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. C. ELEPHANT. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. We make custom products you're super proud to. TL;DR. Well-known Fiat-collateralized Stablecoins. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. 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. 0 TRUNK to 44,156 BUSD . dollar. 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. What is Bertha & Why Is It So Important To The Elephant Money Ecosystem? What Is The Graveyard?This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Now they have a new target: stablecoins. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. TRUNK is over-collateralized by BUSD with deep liquidity. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. 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. 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. What do you think about terrausd (UST) becoming the third-largest. So, not only do you benefit from the 31. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. dollar. 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. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. Cosmos-based. Step 4: Swap 34,244,200,239,512. USD Coin is backed by reserves held in financial institutions. TerraClassicUSD is up 0. Price Stability Formula. Now, even though the data suggests that IDR-pegged coins have low volatility in general, we wouldn’t personally use them as stores of value since the rupiah has had a 43. dollar. The algorithm controls the coin’s demand and supply, which are dictated by. How stablecoins get their stability. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value.