A perceived drawback of cryptocurrency is price volatility. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. . Elephant Money Stable (TRUNK) Services. Coins Of Canada, Victoria, British Columbia. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. e. 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. The Reasons, Risks and Types to Know. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. dollar. Unlimited NFT's. Price Stability Formula. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Stablecoins, as the name suggests. Stampede Perpetual Bonds. UST (Stablecoin) Luna (Floating rate) $20. Stampede Perpetual Bonds. 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. at the end of year 5, you will have 1. Trumpet Features. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Installing Ipopt. 8 [ is a native token of the Tether network. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. All of these types of stablecoins are available on exchanges like Kraken. Here’s an excerpt from the whitepaper: The Elephant. While the information is valuable, it may be hard to digest for those. g. 59%. USD Coin (USDC) is a popular stablecoin that is pegged to the U. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. ELEPHANT - Nomics. Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. 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. Treasury bills, which are. 2 million worth of Binance Coin. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. Notwithstanding their name, however, stablecoins can be very unstable: between May 1 and May 16, 2022, there was a run on stablecoins, with their circulation decreasing by 15. But the. 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. Circulating Supply. Investors didn't want LUNA or UST. bsc. Unlimited NFT's. TRUNK - Nomics. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. The live TerraClassicUSD price today is $0. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. 10, 2023, a combined $9. Peg Support Strategy. S. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. By Ehis Ohiwerei. Elephant Money is…The Elephant. 2 million in equivalent has been. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. Go to beefy to auto compound this stable coin pair. 727 likes · 4 talking about this. Trunk. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. . The stablecoin allows investors for easier and anonymous. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. 9. Log in or sign up to leave a comment. PAX (Paxos. 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. Stablecoins are not risk-free. Swap half the MAI for USDC for 1% fee on QiDao. Benefit from the Herd: A Partner Network Avail a 0. If PATH is omitted, the basename of the URL will be used as the destination. 05% bonus on every deposit and compound you can do so by becoming my partne. 25 billion but is widely distrusted by crypto exchanges and traders. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. Token Mechanics - Mint & Redeem. 0 TRUNK to 44,156 BUSD . 3 min read. Stampede bonding trunk you get 205% and daily compo. Outside of those situations, stablecoins probably aren't a necessity. Unlimited NFT's. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Minimum 30% interest on your dollar. The trunk (torso) is the central part of the body to which the head and the limbs are attached. Both collateral assets are securely stored in. You can see that with stampede, someone grew their account of 10k to 3. Money is happy to confirm that we have officially partnered with InsurAce. Stablecoins, as the name suggests. com Domínio BTC: 44. ELEPHANT is Elephant. Elephant Money - Introducing the TRUNK Stablecoin. dollar should always be worth approximately $1. Decrypt • Nov 22, 23. Stampede Perpetual Bonds. The $29. at the end of year 5, you will have 1. The DAI coin is treated as debt issued to the user and is issued at a rate that effectively over-collateralizes the DAI issued (i. Elephant Money Futures Vaults. 00% in the past 7 days. TRUMPET. 2 million in equivalent has been lost permanently. TRUNK Stake. 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. S. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. ELEPHANT - Coingecko. S. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. 4. Below is a list of the top five stablecoins we have identified that each have their own unique characteristics and all are supported by Trust Wallet. S. 01 DigixDAO DGD $ 36. Stable coins are so-called (mostly) pegged to a Dollar. 0000055761 BTC BC. Stablecoins sometimes lose parity with the asset to which they’re pegged. 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. Coins. Tether is owned by iFinex, the Hong Kong-registered. . You will always earn 2. ELEPHANT - Coingecko. 50. Cosmos-based. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. ago. I've been earning 0. 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. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. These are widely used. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. ELEPHANT - Live Coin Watch. 2 million coins and since then, the UST supply has increased by 132,504%. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. These tokens are intended to function with stability, as their name implies. In most cases, a stablecoin fixes its rate on a one-to-one basis. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. Elephant Money - Introducing the TRUNK Stablecoin. Algorithmic stablecoins. 04 mStable USD MUSD $. 14 1irstGold 1GOLD $ 58. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. 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. TRUNK has never. Sooke, BC. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. save. dollar. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. 69. 100% Upvoted. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. Elephant Money Farms. 96) to the dollar, tanking to a low as $0. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. You can see it on the Canadian 5-cent coin. The “international. Official Trackers. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. Not all stablecoins use the same method to keep their value. It's picked up popularity as more crypto wallets, platforms and. U. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). This comprehensive system provides users with opportunities for yield. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. Credit: sdx15 / stock. S. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. The company Circle had said its U. 6%. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. 5%. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. Some stablecoins are pegged to a fiat currency such as the U. Palladium Coin. Lock in your gains. Read more. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. 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. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. S. dollar. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Rank. USDT, or Tether Limited, was conceived of in January 2012. 73mil in bonds which will require the system to pay out 3. We update our TRO to USD price in real-time. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. If you wish to start trading with equation, please use the link below. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). 11 (€0. 28 Moremoney USD MONEY $ 1. The total stablecoins market cap shrank by $29. Stablecoins aim to maintain their pegged rates using different means. 14 Digix Gold Token DGX $ 51. MONEY STABLE is a future-proof way to compound profits made across your portfolio. The firm previously said USD Coin was backed 1:1. 1 comment. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. invested in an owned account. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. 12 July 2023, 18:55 GMT+0000. 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. Enhancing the safety of the Libra payment system with a robust compliance framework. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. 2:25. The most popular kind of stablecoins are fiat-backed stablecoins. 8M BUSD to H1, 64,450B. #2. TRUNK is over-collateralized by BUSD with deep liquidity. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Next - Overview Elephant. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. That is, the latter category of stable. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. S. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . 7. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Trumpet Features. However, algorithmic stablecoins, for now, feature as opportunities. S. 1. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. That’s why they are MY best projects ;-)----Follow. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. Yet, it’s already making waves with a market capitalization of 2. The main types of stablecoins include fiat-backed. Elephant Money Stable (TRUNK) Services. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. ELEPHANT. The algorithm sets the rules for balancing the supply and demand of the stablecoin. I like to take some more risk and higher yields. Stampede Perpetual Bonds. 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. A guide to fiat-pegged cryptocurrencies. If you bond 10k trunk and claim 1 day, compound 1 day, etc. Tether. 0 TRUNK to 44,156 BUSD . S. Elephant Money Stable Coin price is $0. 23% of stablecoins — were. 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. Elephant Money Farms. Both collateral assets are securely stored in treasuries. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Circulating Supply. 013318 USD with a 24-hour trading volume of $7,314,866 USD. Bitcoin, the bellwether for the crypto market, took a beating this week. dollar or the Euro. UST, one of the top stablecoins in circulation, dropped well below $0. Fiat currency digital asset is the most popular use case for stablecoins. ”. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. This mechanism is of course subject to the limits described in (2). 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 address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. 5. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. Step 2 — Consolidate and compound. TRUMPET. ELEPHANT is used to generate yield for TRUNK and support the peg. dollar. 5M and its 24h trading volume is $85K. Posted by 27 days ago. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Algo peg to the dollar. 4. 3. The end result after a year of higher highs, Elephant Money (in my. Price Stability Formula. Elephant Money Farms. 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. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Though they're less turbulent than other cryptocurrencies, there are still risks to. 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. Turn on the mining software without overclocking. Type of Stablecoin. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. 8M BUSD to H1, 64,450B ELEPHANT to H1 ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. By far the most common denomination of stablecoin is the US Dollar. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Both collateral assets are securely stored in. My second largest holding is in Elephant Money, and the 3 different internal projects of the BTC-like speculative Elephant Money, The Trunk Stablecoin staking, and the DRIPlike Stampede paying 0. 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. 8 billion — or 7. "," ",". 9% inflation rate from 1960 to 2021. Check answer Show a letter Show answer. $79. dollar) or a commodity like gold. Elephant Money Futures Vaults. Binance USD (BUSD) Not to be outdone, crypto. Log in or sign up to leave a comment. They can achieve this predictability by pegging their market value to an external reference point like a fiat currency (for example, Tether has pegged to the U. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Victoria, BC. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Unlimited NFT's. Try to adjust a leg one click, and you'd more than likely rip the cockpit off. June 07, 2022. We update our USTC to USD price in real-time. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. 2 million worth of Binance Coin. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. dollar, gold, or stock in a public company. 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. But for most users the APY will hover around 5%. Tether is another stablecoin option which I do not use t the moment. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Stablecoins were designed to address this issue, ensuring a stable value over time. ELEPHANT is the other token for the protocol. 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 is designed to keep its price stable at $1, supported by a combination of trading incentives and. TRUMPET Token - Additional Details. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. hide. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. e. Elephant. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. 26. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. Projects currently included in the COIN-OR Optimization Suite are listed below. Log In Sign Up. For example, one USD Coin (USDC) is intended to always be worth $1. 58 billion and their market. 2 million in equivalent has been permanently lost. By Selena 04/13/22 10:42 PM. Unique. S. Elephant Money Stable (TRUNK) price is up 0. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. ELEPHANT - Coingecko. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. The torso muscles attach to the. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. 15 June 2023. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. You will always earn 2. Each fiat-backed stablecoin is tied to. Dollar or a real-world asset such as gold. 10).