18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. S. 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. dollar-pegged stable coin project dubbed Stronghold. 50. 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. Elephant Money Futures Vaults. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. 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. 23% of stablecoins — were. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. S. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Close. 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. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. Key Points. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. 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. Outside of those situations, stablecoins probably aren't a necessity. Trunk is $1 stable coin that buys and owns 80% of Elephant money. Elephant Money Futures Vaults. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. November 7, 2023 at 12:38 PM PST. So far, the main use case for algorithmic stablecoins has been speculative trading. Definition. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. Today it reached a high of $0. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. Coin, or U. Stable coins are so-called (mostly) pegged to a Dollar. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. In most cases, a stablecoin fixes its rate on a one-to-one basis. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. Elephant Money - Introducing the TRUNK Stablecoin. UST, one of the top stablecoins in circulation, dropped well below $0. Jun 1, 2022 10:13AM EDT. 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. Name. ELEPHANT - Nomics. While the information is valuable, it may be hard to digest for those. The live TerraClassicUSD price today is $0. 58 billion and their market. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. bsc. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. Elephant Money Farms. 1. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Treasury bonds. 52B, after an increase of 0. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. Projects currently included in the COIN-OR Optimization Suite are listed below. TRUMPET. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. They aim to offer all the benefits of. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. TRUMPET. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. hide. For example, in the U. The crypto ecosystem is ever-evolving. ELEPHANT. Examples include tether (USDT), USD coin (USDC) and. In some cases, these rates can be similar to or even lower than those on fiat exchanges. 5. 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. Stampede Perpetual Bonds. 2 million worth of Binance Coin. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. IN under five years, USD coin (USDC), the $38 billion blockchain-based digital dollar issued by Boston-based Circle Financial, has built itself into a leader in the $100 billion plus stablecoin. The main types of stablecoins are fiat-collateralized and crypto. Use the Reserve to mint Elephant Money Stable (TRUNK). The opposite can be said about stable coins. 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. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. Elephant Money Farms. A stablecoin is a digital currency that is linked to an underlying asset such as a national currency or a precious metal such as gold. 207213, and now sits at $0. , 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. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. a. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. 10, 2023, a combined $9. TerraClassicUSD is up 0. S. 05% bonus on every deposit and compound you can do so by becoming my partne. 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. Yet, it’s already making waves with a market capitalization of 2. S. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. ”. S. 8 BUSD is equal to the value of 276. 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. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Go to quickswap to enter the pair in a liquidity pool. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Tron founder Justin Sun announced the development in an open letter. 85 at one point late Monday. Elephant Money Futures Vaults. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Use the Reserve to mint Elephant Money Stable (TRUNK). 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. Working of Algorithmic Stablecoin. TRUNK's market cap is $7. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. 18 billion at the time of writing. 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. Thus, it is correct to forecast success in the fate of the asset. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Stablecoins by Market Cap and Volume. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. Pegging to fiat can be done by the value of the collateralized crypto asset. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. For example, one USD Coin (USDC) is intended to always be worth $1. Stampede bonding trunk you get 205% and daily compo. If a stablecoin’s owner wants to cash out the coin, the real money can. S. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. With trunk, you are able to compound your earnings when you stake your trunk. dollar, gold, or stock in a public company. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. The issuer builds their coin on a blockchain platform that supports smart contracts. Swap half the MAI for USDC for 1% fee on QiDao. Coins. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. 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. S. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a means for trades and transactions — is booming, with some $130. Both collateral assets are securely stored in treasuries. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. We are working with our partners at Certik /InsurAce to investigate. Both collateral assets are securely stored in. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. | Image: Shutterstock USD Coin. The most popular kind of stablecoins are fiat-backed stablecoins. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. 5 billion in Bitcoin trying to stabilize. A stablecoin pegged to the U. Their low transaction costs and traditional asset. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. Palladium Coin. 11 (€0. Read more. Real priced commodities like real estate, gold,. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. 58% on a DRIP/BUSD stake sounds pretty good…until you realize that the stake value is draining because of the falling value of Drip. 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. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. . A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. June 07, 2022. Benefit from the Herd: A Partner Network Avail a 0. The torso muscles attach to the. Elephant Money - Introducing the TRUNK Stablecoin. The issuer builds their coin on a blockchain platform that supports smart contracts. I like to take some more risk and higher yields. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Since their all-time supply highs in November 2022 until Feb. 4. Enhancing the safety of the Libra payment system with a robust compliance framework. Step 4: Swap 34,244,200,239,512. . Read more. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. S. Press J to jump to the feed. Key Highlights. Token Mechanics - Mint & Redeem. adobe. TRUMPET Token - Additional Details. Stampede Perpetual Bonds. Gold and silver are the most popular commodities kept as the underlying collateral. Traded on: Binance, CoinSpot, BitFinex, Kraken. Crypto volatility, both long term and short. So you have access to stable money that you can use on Ethereum. TL;DR. dollar. ELEPHANT - Coingecko. Money is happy to confirm that we have officially partnered with InsurAce. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. In a market where the price of the assets one holds is swinging violently, the option to ‘store’ funds’ value in a way that excludes volatility is quite essential. 28 Moremoney USD MONEY $ 1. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. In most cases, a stablecoin fixes its rate on a one-to-one basis. 9% inflation rate from 1960 to 2021. For example, in the U. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. 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. USDT, or Tether Limited, was conceived of in January 2012. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. S. Trunk Staking & Stampede Bond. By Ehis Ohiwerei. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. 00 SpiceUSD USDS $ 0. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. 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. Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. That’s why they are MY best projects ;-)----Follow. S. Stable Coin. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. . io to mitigate smart contract risk. 55mil in 6 years and this doesn't even include all of the claims that user made. Stablecoins aim to maintain their pegged rates using different means. 9 billion on January 1, 2022, and ended off at $138. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Maximum APY you can get is 8. Summary. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. It is another popular fiat-backed stablecoin and is used on many exchanges. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. 5 billion contraction represents a 17. pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of assets denominated in fiat currency. S. save. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. There are four basic types of stablecoins: 1. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. Elephant Money Stable (TRUNK) Services. Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. These tokens are intended to function with stability, as their name implies. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. ELEPHANT. Elephant Money Futures Vaults. 1 comment. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. Scam News. Check out a working copy from a repository. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Turn on the mining software without overclocking. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. High Yield with Zero Fees / Taxes. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. 0 TRUNK to 44,156 BUSD . MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Tether is owned by iFinex, the Hong Kong-registered. IDR/USD exchange rate. , one unit of a dollar-pegged stablecoin may be equal to $1. Forgoing the future transition to a permissionless system while maintaining its key economic properties. 2 million in equivalent has been lost permanently. Release is a one-to-many association with trunk. Fiat-Backed Stablecoins. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . 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. Trumpet Features. ago. 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. 00% in the past 7 days. One of the most prominent examples of a stablecoin is Tether (USDT). These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. Anytime the price peg is threatened, the issuing. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. 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 contains the "latest and the greatest" code and is forward looking. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. S. S. Stablecoins have their limitations, depending on the. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. S. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . 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. It is pegged to the U. S. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. TRUNK is over-collateralized by BUSD with deep liquidity. Bitcoin’s value is volatile in comparison. Use the Reserve to mint Elephant Money Stable (TRUNK). Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. But the. Stampede Perpetual Bonds. S. 8 billion — or 7. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. MONEY implements an open global economic engine for. 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 . Unlimited NFT's. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. By far the most common denomination of stablecoin is the US Dollar. Unique. Unlocking Synthetic Derivatives With Chainlink Oracles. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. 1. How stablecoins work. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. TRUNK Deposits. Money and InsurAce. . GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. 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. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. and Europe, as well as a consumer flight to safety in the crypto. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. 36%) Domínio BTC: 44. 1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. The “international. Listen. Back then the whitepaper referred to it as Mastercoin. 00% in the last 24 hours. 0 TRUNK to 44,156 BUSD . The main reason to buy and hold stablecoins. Elephant Money Farms. TRUNK Rolled. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. 0 TRUNK to 44,156 BUSD . ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. It has a circulating supply of 8,980,598,294 USTC coins and. bsc. 0000055761 BTC BC. S. . The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. 3. 56% daily. 2 million worth of Binance Coin. Unlimited NFT's. Notifications. 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 token is tied to the USD on a 1:1 ratio,. USD Coin, which is also tied to the U. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. g. Volatility in Ethereum severely affected Dai’s stability in 2020. Stampede throws off only 0. invested in an owned account. ago.