Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. 8 [ Swap 45,000. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. 05X times your total deposited amount. ELEPHANT is Elephant. 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. Their low transaction costs and traditional asset. 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. Register Now. 73mil in bonds which will require the system to pay out 3. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. USDT (TRC-20) is a U. It is pegged to the U. Trunk is a stable coin 1 Busd to 1 trunk ratio . 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. 56% daily. 00 SpiceUSD USDS $ 0. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. The concept of coins like USDT is simple. 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. TerraClassicUSD is up 0. 66 billion to the present $129. Trunk is your main source. 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 . Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. Circulating Supply. Stablecoins offer a way to bridge the gap between fiat currencies like the U. Tether — USDT; TrustToken; TUSD. , one unit of a dollar-pegged stablecoin may be equal to $1. If a stablecoin’s owner wants to cash out the coin, the real money can. ELEPHANT. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. A stablecoin pegged to the U. In Elephant Money’s case, this is just the beginning of the Parabolic move. What do you think about terrausd (UST) becoming the third-largest. 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. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. Stablecoins are backed by reserve assets such as the U. Cryptocurrencies. S. Rank. 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. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. USDT, or Tether Limited, was conceived of in January 2012. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. 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). However, algorithmic stablecoins, for now, feature as opportunities. ELEPHANT. When redeeming TRUNK (1% Fee), there are 3 actions happening. Price Stability Formula. This doesn’t work for all stablecoins, especially those tied to the US dollar. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. USDC has recently grown in market share—helped by its. Check out a working copy from a repository. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. S. 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. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Lock in your gains. dollar and cryptocurrencies. share. Posted by 27 days ago. There are two primary means stablecoins achieve this stability, collateralization and algorithms. S. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. — Jeremy Allaire (@jerallaire) December 2, 2020One of the most well-known stable coins is Binance, and it is tied to a ratio of 1:1. On May 9, 2022, UST's price plummeted to as low as $0. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. 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. One of the most prominent examples of a stablecoin is Tether (USDT). 01% in the last 24 hours. | Image: Shutterstock USD Coin. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. ELEPHANT - CoinMarketCap. invested in an owned account. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. 4. Official Trackers. Prior to the exploit, I had over $58k invested in Elephant. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. #2. Getty. USD Coin (USDC): This is the second largest stable coin after tether. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. 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. Lock in your gains. Calculate between Elephant Money Stable and US Dollars. Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. S. 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. It was launched and issued by the Centre. 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 another popular fiat-backed stablecoin and is used on many exchanges. 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. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. For example, if functioning correctly a stablecoin pegged to the U. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Stablecoins aim to maintain their pegged rates using different means. Both collateral assets are securely stored in. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. The system keeps track of the total quantity of stable-coins in circulation. Money is happy to confirm that we have officially partnered with InsurAce. Money and InsurAce. Liquidity cost: low. 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. If multiple URLs are given, each will be checked out into a subdirectory of PATH, with the name of the subdirectory being the basename of. 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. Price Stability Formula. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. The torso muscles attach to the. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. 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. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. 28 Moremoney USD MONEY $ 1. S. Some stablecoins are pegged to a fiat currency such as the U. 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. Stablecoins Aim to Achieve Balance. 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. If you wish to start trading with equation, please use the link below. ELEPHANT - Live Coin Watch. . IDR/USD exchange rate. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. 29 in January 2018. 75% p. Elephant Money Stable (TRUNK) Services. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 2 million in equivalent has been permanently lost. Elephant Money Stable (TRUNK) Services. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. Liquidity Management (Stability) Launch & Initial Token Distribution. Key Takeaways. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. The stable-coin project built by Keefer Taylor and Luke Youngblood will fill a much needed void that is currently placed around many different stable-coins that are either still under development or custodial. Unlimited NFT's. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. Stablecoins are not risk-free. 23% of stablecoins — were. These are widely used. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. Close. Both collateral assets are securely stored in. Name. Stampede throws off only 0. S. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. S. The firm previously said USD Coin was backed 1:1. 2 min read. Definition. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. Palladium Coin. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. ELEPHANT. While the IT titan isn’t new to the world of crypto, stable. Examples include tether (USDT), USD coin (USDC) and. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Unlike traditional cryptocurrencies. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. This means that. 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. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. Some of the most popular stablecoins on the market are. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. Suzxy •. ELEPHANT - Coingecko. Summary. 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. 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 coin has seen massive expansion since its launch a few years ago. UST (Stablecoin) Luna (Floating rate) $20. dollar. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. The ELEPHANT. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. news/post/e. 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. The 2007-08. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Sooke, BC. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. Building strong protections into the design of the Libra Reserve. “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. You must be familiar with ERC-20 smart contracts and their functionalities. TRUMPET - How It Works. Choose a Stable Asset: Choosing a stable asset is a critical step in creating a stablecoin because the value of the stablecoin is closely tied to the value of the underlying asset. Some stablecoins can be pegged to other types of assets. In light of this, transactions using bitcoin. 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. Guaranteed redemption for $1 USD. Step 2 — Consolidate and compound. TRUNK is over-collateralized by BUSD with deep liquidity. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. “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. Examples on the Binance Smart Chain are: BUSD; USDC; USDT; TRUNK. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. Yet, it’s already making waves with a market capitalization of 2. S. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. TRUMPET. Partially collateralized stable coin that captures value by being backed by a reserve of assets. S. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. 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. TRUNK's market cap is $7. 00% in the last 24 hours. 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. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. Elephant Money Futures Vaults. Price Stability Formula. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Each fiat-backed stablecoin is tied to. Price Stability Formula. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. This attack was carried out several times, and according to Elephant Money, a total of $11. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. 08 USD Bancor USDB $ 0. For example, in the U. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. Posted by 27 days ago. The new stablecoin will also be available on Ethereum. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. Stablecoins are designed to maintain a relatively stable price so that users can avoid the volatility risks common in the crypto markets. io partner to secure stable coin yield Elephant. report. 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. The most commonly used and referred to stable coins are those that are pegged to one U. Lock in your gains. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. 206396. Algorithmic stablecoins. news/post/e. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. 2130. 75% in the last 24 hours. Money and InsurAce. the collateral deposited by the user is generally worth more than the DAI they get in return). Stablecoins can be backed by cash, cash equivalents, commodity. Tron founder Justin Sun announced the development in an open letter. Reason: Removes TRUNK from circulation. Stablecoins, as the name suggests. e. money trunk stable coin on BSC. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. This animal lives in Africa. 100% Upvoted. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. These coins are kept stable through a computer program running a preset formula; hence, its name. TRUMPET. S. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Stablecoins minimize typical cryptocurrency. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. 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. Token Mechanics - Mint & Redeem. Elephant Money Farms. With trunk, you are able to compound your earnings when you stake your trunk. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. We are working with our partners at Certik /InsurAce to investigate. Stampede bonding trunk you get 205% and daily compo. So you have access to stable money that you can use on Ethereum. Money is happy to confirm that we have officially partnered with InsurAce. It is 100% immutable with no. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. 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. Dollars and short-term U. So far, the main use case for algorithmic stablecoins has been speculative trading. But the. Which is easy for people to understand. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. 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 . It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. TRUMPET. The price of TRUNK COIN has risen by 100. Well-known Fiat-collateralized Stablecoins. Stable Coin. The main types of stablecoins are fiat-collateralized and crypto. Bitcoin, the bellwether for the crypto market, took a beating this week. 013318 USD with a 24-hour trading volume of $7,314,866 USD. Except for the brain, the trunk houses all the vital organs of the human body. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. 55mil in 6 years and this doesn't even include all of the claims that user made. S. 7. It has a circulating supply of 8,980,598,294 USTC coins and. Count Withdrawn. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Tether. 1 UST is always considered to be equal to $1. dollar should always be worth approximately $1. You can see that with stampede, someone grew their account of 10k to 3. Rare coin and precious metals dealer. 4 billion on January 31, 2023. Stampede Perpetual Bonds. Because they are price-stable digital assets that behave somewhat like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. 100% Upvoted. TIME - Inside the World of Black Bitcoin, Where Crypto Is About Making More Than Just Money. It is designed to find (local) solutions of mathematical optimization problems of the form. 8 billion — or 7. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Gold and silver are the most popular commodities kept as the underlying collateral. The Reasons, Risks and Types to Know. Log In Sign Up. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. Start raising the memory clock little by little at +50 MHz intervals. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Log In Sign Up. Coins. Secondly, Tether's market capitalization recently. In most cases, a stablecoin fixes its rate on a one-to-one basis. We update our TRO to USD price in real-time. By Ehis Ohiwerei. Elephant Money Futures Vaults. Release is a one-to-many association with trunk. 69. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . . This doesn’t work for all stablecoins, especially those tied to the US dollar. . With trunk, you are able to compound your earnings when you stake your trunk. 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. ELEPHANT is Elephant. 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. Dexscreener Elephant/WBNB. But there is one cryptocurrency that is designed to be the exact opposite. dollar or gold. TRUMPET. Real priced commodities like real estate, gold,. 1 comment. dollar. ELEPHANT is used to generate yield for TRUNK and support the peg. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. 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. It has a market cap of over $42 billion dollars and almost 1. Treasurys. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . So, not only do you benefit from the 31. złota, srebra czy ropy naftowej. The live TerraClassicUSD price today is $0. Price Stability Formula. S. It will help the channel grow and proceeds will be given back to our community. 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. Its stable crypto coins are always at $1. 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. Trunk is $1 stable coin that buys and owns 80% of Elephant money. TRUMPET. Trunk and Release. Coin, or U.