Operating primarily on the BNB Chain, it’s a fresh contender in the market. USD Coin is a popular stablecoin pegged to the U. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. 75% p. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. This being the case, it is inevitable for modern-day innovations such as crypto to borrow traditional finance market concepts to advance the use of money. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. 52B, after an increase of 0. USDC is a type of cryptocurrency that is referred to as a fiat-backed stablecoin, meaning it is backed by reserve assets in the traditional financial system, such as cash, cash equivalents, or securities. Because they are pegged to a real-world asset, they represent real money. 10, 2023, a combined $9. Reason: Removes TRUNK from circulation. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 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. MONEY implements an open global economic engine for. 3. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Count Withdrawn. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary addition to the. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. 760000% in the last 24 hours. 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. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. 2 million in equivalent has been permanently lost. S. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Elephant Money Stable (TRUNK) Services. Elephant Money Stable (TRUNK) price is up 0. USD Coin (USDC) is a popular stablecoin that is pegged to the U. 2,848 likes. Minimum 30% interest on your dollar. Today it reached a high of $0. ELEPHANT is used to generate yield for TRUNK and support the peg. It. Unlocking Synthetic Derivatives With Chainlink Oracles. S. How The System Supports The Peg. Secondly, Tether's market capitalization recently. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. ELEPHANT - Nomics. Liquidity Management (Stability) Launch & Initial Token Distribution. A stablecoin is a crypto coin that should be worth $1. On November 25, 2020, UST had a circulating supply of 13. 2022-04-15 08:47:27. . Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Enhancing the safety of the Libra payment system with a robust compliance framework. 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. Examples on the Binance Smart Chain are: BUSD; USDC; USDT; TRUNK. 752 Trunk. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Some stablecoins are pegged to a fiat currency such as the U. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. TRUNK is over-collateralized by BUSD with deep liquidity. Sharkz Coins, Victoria, British Columbia. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. Its sister coin Luna was worth more than $80 (€76. 2 million worth of Binance Coin. Reward credits are based on the bond float of Stampede. S. Stablecoins minimize typical cryptocurrency. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Unlimited NFT's. TRUMPET - How It Works. Both collateral assets are securely stored in treasuries. Unlimited NFT's. Elephant. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. hide. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Both collateral assets are securely stored in. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. The decrease came as the result of a broader market sell-off in all cryptocurrencies. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. 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. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. Elephant Money Farms. It is collateralized against 75% BUSD and 25% ELEPHANT. Unlike cryptocurrencies like Bitcoin, their prices remain steady. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. Official Trackers. Jun 1, 2022 10:13AM EDT. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. 20 coins Earn up to 26% Kraken Staking US Dollar 4. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. But there is one cryptocurrency that is designed to be the exact opposite. report. 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. The stablecoin is named TRUNK. S. Both collateral assets are securely stored in. Trumpet Features. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. C$440. 100% Upvoted. Stablecoins can be backed by cash, cash equivalents, commodity. So this is like 20 steps but since it’s polygon it’s cheap to do. Key Points. Stablecoins are a class of cryptocurrency that aims to provide price stability. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . 1. 59%. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. USD Coin (USDC): This is the second largest stable coin after tether. Stablecoins are not risk-free. 36%) Domínio BTC: 44. A stablecoin pegged to the U. ELEPHANT. 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. Elephant Money Futures Vaults. . . Treasury bonds. S. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. The plan for Facebook’s Libra cryptocurrency was that it would be pegged to a basket of national currencies, similar to the IMF’s Special Drawing Right. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. Offering single-currency stablecoins in addition to the multi-currency coin. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. Dollar (e. These are widely used. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Vladislav Sopov ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell Contents "Traditional price manipulation attack" results in $11. USD Coin is backed by reserves held in financial institutions. Decentralized USD (USDD) is an algorithmic. dollar, whereby 1 USDD is always supposed to be equivalent to $1. 2. 85 at one point late Monday. There are four basic types of stablecoins: 1. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Frequently Asked Questions. Definition. For example, if functioning correctly a stablecoin 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. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Elephant Money has perfected Shockenomics, pairing a Supply Shock of ever-growing Bertha the Treasury chowing down on the Elephants within the 2 LPs contained in. Its stable crypto coins are always at $1. Stablecoins aim to maintain their pegged rates using different means. It is assumed most people are familiar with git, but specific recipes. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. ELEPHANT is Elephant. S. Token Holder Distribution. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. Their value is fixed, usually on a 1:1 basis with the U. Scam News. Back then the whitepaper referred to it as Mastercoin. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Stablecoins Aim to Achieve Balance. io partner to secure stable coin yield Elephant. 68. TRUMPET. To guarantee a $1 peg per coin, fiat-backed stablecoins. The ELEPHANT. The opposite can be said about stable coins. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Suzxy •. S. 8 BUSD is equal to the value of 276. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. I've been earning 0. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. Stablecoins are designed to maintain a relatively stable price so that users can avoid the volatility risks common in the crypto markets. 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. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. 2 million worth of Binance Coin. ELEPHANT is used to generate yield for TRUNK and support the peg. S. These tokens are intended to function with stability, as their name implies. a. 05X times your total deposited amount. How two coins combined to hold one’s value steady. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. 7. 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). The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. For example, in the U. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. Key Highlights. 23% of stablecoins — were. But there is one cryptocurrency that is designed to be the exact opposite. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Real priced commodities like real estate, gold,. It was launched and issued by the Centre. Crypto-collateralized stablecoins. dollar. Notifications. 05X times your total deposited amount. Creating a system where users can trade. Token Mechanics - Mint & Redeem. 4 billion on January 31, 2023. save. There is one trunk but many releases that derive from the trunk. S. Stablecoins are cryptocurrencies without the volatility. Stampede Perpetual Bonds. Stablecoins are global, and can be sent over the internet. 9. Maximum APY you can get is 8. Palladium Coin. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. 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. Unlimited NFT's. 55mil trunk over the next year. S. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. 1. C. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. News; Prices;. Premium Powerups Explore Gaming. Elephant Money - Introducing the TRUNK Stablecoin. Staking TRUNK; TRUNK is the stablecoin of the protocol. The stablecoin allows investors for easier and anonymous. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency, but they haven't always been as stable as the name promises. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. It generally isn't always stable. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Elephant Money Futures Vaults. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. Unique. The most popular kind of stablecoins are fiat-backed stablecoins. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. TRUNK - Nomics. Listen. Some of the most popular stablecoins on the market are. 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. 1 comment. S. bsc. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. Stablecoins sometimes lose parity with the asset to which they’re pegged. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. 12 July 2023, 18:55 GMT+0000. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. The company Circle had said its U. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. dollar-pegged stable coin project dubbed Stronghold. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. The documentation consists of the following pages: Overview. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. 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. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. The total stablecoins market cap started the year at $167. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. With trunk, you are able to compound your earnings when you stake your trunk. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). 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. This mechanism is of course subject to the limits described in (2). Stampede Perpetual Bonds. #2. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Stable Coin. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. Since their all-time supply highs in November 2022 until Feb. 26. Stablecoin. TRUNK para calculadora USD, e muito mais em Coinpaprika. For example, one USD Coin (USDC) is intended to always be worth $1. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. 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. , one unit of a dollar-pegged stablecoin may be equal to $1. com Domínio BTC: 44. This animal lives in Africa. Currently 69% APR . Start raising the memory clock little by little at +50 MHz intervals. High Yield with Zero Fees / Taxes. 5 billion in Bitcoin trying to stabilize. For example, if functioning correctly, a stablecoin pegged to the US dollar or. S. How stablecoins work. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. 9 billion on January 1, 2022, and ended off at $138. But the. D. The declining market caps of these stablecoins confirm this. Elephant Money Farms. Here’s an excerpt from the whitepaper: The Elephant. Trunk is your main source. You will always earn 2. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. 75% in the last 24 hours. The coin has seen massive expansion since its launch a few years ago. Stablecoins have their limitations, depending on the. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. 01 bitCNY BITCNY $ 0. 2. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. Start raising the memory clock little by little at +50 MHz intervals. Tether tokens were designed by the BitFinex crypto exchange platform. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 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. Stampede Perpetual Bonds. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. USDT can be used to purchase products. 00. Go to beefy to auto compound this stable coin pair. 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. High Yield with Zero Fees / Taxes. This means, by purchasing the stablecoin, that the trader is essentially holding gold. The trunk (torso) is the central part of the body to which the head and the limbs are attached. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. Use the Reserve to mint Elephant Money Stable (TRUNK). Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. S. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. news/post/e. Money is happy to confirm that we have officially partnered with InsurAce. It is 100% immutable with no. ~Cryptozoa. 1. These coins are kept stable through a computer program running a preset formula; hence, its name. 1942 Tombac nickel - King George III. Coins. Posted by 27 days ago. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. The stablecoins with the biggest market capitalization are worth exactly $1 at any given time (with minor fluctuations here and there), which makes them much more stable than the overall cryptocurrency markets, which are volatile. 5%. USD Coin, which is also tied to the U. . Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. Like many. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. . Dexscreener Elephant/WBNB. The ELEPHANT. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 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. Beginner. Check out a working copy from a repository. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. 0 coins.