The documentation consists of the following pages: Overview. Read more. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. , one unit of a dollar-pegged stablecoin may be equal to $1. 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. złota, srebra czy ropy naftowej. io to mitigate smart contract risk. USD Coin (USDC): This is the second largest stable coin after tether. 04 mStable USD MUSD $. 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 . Stablecoins can be categorized on the bases of their working mechanisms: 1. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. dollar. Stampede Perpetual Bonds. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. It. dollar. Minimum 30% interest on your dollar. Money is happy to confirm that we have officially partnered with InsurAce. 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. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. 55mil in 6 years and this doesn't even include all of the claims that user made. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. 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. This attack was carried out several times, and according to Elephant Money, a total of $11. Make Sense? Highest rate I have seen is elephant. TRUMPET. For example, if functioning correctly, a stablecoin pegged to the US dollar or. 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 might as well define the next era of monetary ecosystems, which will probably be decentralized. S. Treasury bonds. ELEPHANT. 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. The stablecoin allows investors for easier and anonymous. share. 05X times your total deposited amount. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. report. Use the Reserve to mint Elephant Money Stable (TRUNK). 1 comment. So far, the main use case for algorithmic stablecoins has been speculative trading. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. UST (Stablecoin) Luna (Floating rate) $20. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. S. The new stablecoin will also be available on Ethereum. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. Blame the stablecoins. money trunk stable coin on BSC. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. It is assumed most people are familiar with git, but specific recipes. , one unit of a dollar-pegged stablecoin may be equal to $1. The issuer builds their coin on a blockchain platform that supports smart contracts. There are four basic types of stablecoins: 1. With trunk, you are able to compound your earnings when you stake your trunk. Trunk. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. 5 million holders. Both collateral assets are securely stored in treasuries. The firm previously said USD Coin was backed 1:1. November 16, 2023 at 5:51 AM PST. Trumpet Features. 207213, and now sits at $0. When 1 UST is less than $1. 2 million worth of Binance Coin. Stampede bonding trunk you get 205% and daily compo. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Guaranteed redemption for $1 USD. Binance USD (BUSD) Not to be outdone, crypto. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. S. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. . Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. TronDAO said in a tweet that it added $650 million of USDC to its reserve. 56% daily. 2. Unlimited NFT's. Posted by 27 days ago. Unlike traditional cryptocurrencies. Some algorithmic stablecoins have depegged in the past. Working of Algorithmic Stablecoin. The ELEPHANT. These coins are kept stable through a computer program running a preset formula; hence, its name. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Stablecoin values are pegged to the value of a given currency. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . It is 100% immutable with no. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. dollar or gold. This means, by purchasing the stablecoin, that the trader is essentially holding gold. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. Peach Trunk: 100: Pet Castle: 400: Raised Garden Bed Set of 3: 2,000: Rechargeable House Teleport Tiles: 1,000: Rose of Trinsic: 100: Sacrificial Altar: 100: Scarecrow: 100:Trunk Staking & Stampede Bond. Dexscreener Elephant/WBNB. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. 5 billion in Bitcoin trying to stabilize. Stable Coin. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Market Cap. 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. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Stablecoins aim to maintain their pegged rates using different means. Minimum 30% interest on your dollar. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. 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. Gold has now completed the retest of its long term trend line and should be poised for higher gains. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. 18 billion at the time of writing. Key Points. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. But for most users the APY will hover around 5%. dollar. There is one trunk but many releases that derive from the trunk. 15 June 2023. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. Price Stability Formula. TRUNK COIN. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. ELEPHANT - CoinMarketCap. Close. . Blockchain data on. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. By Selena 04/13/22 10:42 PM. ステーブルコイン（英: Stablecoins ）とは、その価格が法定通貨、または市場で取引されるコモディティ（貴金属や工業用金属等の商品）などと連動（ペッグ）するよう設計されている暗号通貨である 。. dollar or the Euro. Read more. Count Withdrawn. Definition. Its stable crypto coins are always at $1. MONEY STABLE is a future-proof way to compound profits made across your portfolio. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Maximum APY you can get is 8. You can see that with stampede, someone grew their account of 10k to 3. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. This comprehensive system provides users with opportunities for yield. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Jun 1, 2022 10:13AM EDT. Elephant Money Stable (TRUNK) Services. TRUNK is over-collateralized by BUSD with deep liquidity. 5% reward on deposit & rolls by setting up a. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. TRUNK's market cap is $7. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. bsc. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. ELEPHANT. 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. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. 4. The total stablecoins market cap shrank by $29. 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. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. But there is one cryptocurrency that is designed to be the exact opposite. 8M BUSD to H1, 64,450B. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Elephant Money Futures Vaults. Unlimited NFT's. Reason: Removes TRUNK from circulation. S. . dollar. Suzxy •. Fiat currency digital asset is the most popular use case for stablecoins. ELEPHANT. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. com. A guide to fiat-pegged cryptocurrencies. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. S. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Elephant. 56% daily. Trunk is the elephant money’s stable coin. 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. Close. The main reason to buy and hold stablecoins. TRUNK is over-collateralized by BUSD with deep liquidity. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Listen. Interestingly, the asset’s availability on the Ethereum. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. Inaczej mówiąc, podobnie jak w przypadku kontraktów. TRUNK - Nomics. 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. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. 00% in the last 24 hours. The algorithm sets the rules for balancing the supply and demand of the stablecoin. In Elephant Money’s case, this is just the beginning of the Parabolic move. Key Highlights. You must be familiar with ERC-20 smart contracts and their functionalities. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 96) to the dollar, tanking to a low as $0. However, algorithmic stablecoins, for now, feature as opportunities. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. 2 million in equivalent has been. Tether is owned by iFinex, the Hong Kong-registered. When redeeming TRUNK (1% Fee), there are 3 actions happening. 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. 55mil trunk over the next year. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. hide. 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. Type of Stablecoin. S. 206396. 5. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Stablecoins by Market Cap and Volume. One of the most prominent examples of a stablecoin is Tether (USDT). A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. By Selena 04/13/22 10:42 PM. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Sharkz Coins, Victoria, British Columbia. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 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. TerraUSD has been pegged almost exactly to the dollar since its release, but on May 9 it crashed, and it is now worth just over $0. Building strong protections into the design of the Libra Reserve. And with stable coins I use Elephant. Sector. Stamp bonds are tied to your wallet and can be added to at any time. Today it reached a high of $0. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. 75% in the last 24 hours. Stablecoins have their limitations, depending on the. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. Also, the reward token of DOGS will likely fall in value once stakers reach their 90 day reduction in taxes down from 90% to the minimum 6%, allowing the speculators to sell DOGS with less tax. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. TRUNK - Nomics. The decrease came as the result of a broader market sell-off in all cryptocurrencies. The price increased by 100. Stampede Perpetual Bonds. Stampede deposit is locked and drips out a percentage daily. Dollar or a real-world asset such as gold. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. Money and InsurAce. For example, in the U. Bitcoin, the bellwether for the crypto market, took a beating this week. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Each Tether token (USDT) is supposed to be “tethered” to one U. . Official Trackers. DRIP throws off 1%/day and has a cap of 100k DRIP. Commodity-collateralized Stablecoins. dollar. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. g. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Elephant Money - Introducing the TRUNK Stablecoin. Start raising the memory clock little by little at +50 MHz intervals. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. 28 Moremoney USD MONEY $ 1. 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. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Step 4: Swap 34,244,200,239,512. . — 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. 58 billion and a 24-hour trading volume of 2. ”. 56% per day. ELEPHANT. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Liquidity Management (Stability) Launch & Initial Token Distribution. Gold and silver are the most popular commodities kept as the underlying collateral. 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. Go to beefy to auto compound this stable coin pair. It generally isn't always stable. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. On May 9, 2022, UST's price plummeted to as low as $0. This means, by purchasing the stablecoin, that the trader is essentially holding gold. ELEPHANT - CoinMarketCap. You. Stamp bonds are tied to your wallet and can be added to at any time. Elephant Money Futures Vaults. Here’s an excerpt from the whitepaper: The Elephant. Elephant Money Stable (TRUNK) Services. Elephant Money Stable (TRUNK) Services. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Secondly, Tether's market capitalization recently. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. TRUNK para calculadora USD, e muito mais em Coinpaprika. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. COIN-OR Developer's Guide. Turn on the mining software without overclocking. By far the most common denomination of stablecoin is the US Dollar. ELEPHANT - Live Coin Watch. S. MONEY implements an open global economic engine for stable coin yield. Tether. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their partners. . S. Stablecoins are cryptocurrencies without the volatility. 9. The BlockSec ThunderForecast system detected an attack on Elephant Money. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. 2 million worth of Binance Coin. Elephant. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. ELEPHANT is the other token for the protocol. dollar) or a commodity like gold. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. The stablecoin is named 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. Suzxy •. The 2007-08. ELEPHANT is Elephant. 1 comment. Scam News. 2022-04-15 08:47:27. 2 million worth of Binance Coin. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. USD Coin is a popular stablecoin pegged to the U. Money and InsurAce. Each fiat-backed stablecoin is tied to. Unlike cryptocurrencies like Bitcoin, their prices remain steady. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. U. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. USDC has recently grown in market share—helped by its. . io partner to secure stable coin yield Elephant. AFP via Getty Images. TRUMPET. 1% exchange fee. Unlimited NFT's. 1%. This means that a single unit of a stablecoin is worth exactly one dollar at all times. S. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. November 7, 2023 at 12:38 PM PST. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. 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). Installing Ipopt. The end result after a year of higher highs, Elephant Money (in my. The system keeps track of the total quantity of stable-coins in circulation. 00. 75% p. Elephant Money Futures Vaults. 8M BUSD to H1, 64,450B. Elephant Money - Introducing the TRUNK Stablecoin. Log in or sign up to leave a comment. 8 [![Build Status](. Step 4: Swap 34,244,200,239,512.