4. But perhaps even more important for community banks, the market instability is fueling the policymaker push for a regulatory structure to address crypto’s risks. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. ELEPHANT - Nomics. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. So you have access to stable money that you can use on Ethereum. 2 million worth of Binance Coin. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. 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. 8 billion — or 7. It will help the channel grow and proceeds will be given back to our community. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. ELEPHANT. TIME - Inside the World of Black Bitcoin, Where Crypto Is About Making More Than Just Money. S. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. 2. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. How The System Supports The Peg. 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. Firstly, Tether has very little actual cash backing USDT since most of the assets backing the stablecoin are various forms of debt and other digital assets. Elephant. That’s why they are MY best projects ;-)----Follow. 56% daily. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. This means that a single unit of a stablecoin is worth exactly one dollar at all times. The total stablecoins market cap started the year at $167. money trunk stable coin on BSC. Anytime the price peg is threatened, the issuing. Blockchain data on. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Stamp bonds are tied to your wallet and can be added to at any time. , one unit of a dollar-pegged stablecoin may be equal to $1. Stablecoins, as the name suggests. 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. Price Stability Formula. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. The stablecoins with the biggest market capitalization are worth exactly $1 at any given time (with minor fluctuations here and there), which makes them much more stable than the overall cryptocurrency markets, which are volatile. Elephant Money - Introducing the TRUNK Stablecoin. Some of the most popular stablecoins on the market are. scalciaregt • 2 yr. 66 billion to the present $129. I've been earning 0. We update our USTC to USD price in real-time. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. 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. news/post/e. Frequently Asked Questions. 013318 USD with a 24-hour trading volume of $7,314,866 USD. IDR/USD exchange rate. The issuer builds their coin on a blockchain platform that supports smart contracts. 05X times your total deposited amount. Unlimited NFT's. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. Since crypto is a volatile market and stability is a far-fetched dream, these crypto-backed stablecoin are often over-collateralized to compensate for the volatility in the value of the underlying cryptocurrency. 23% of stablecoins — were. Go to quickswap to enter the pair in a liquidity pool. 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. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. Key Highlights. 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. 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. Trunk is your main source. Coins. the collateral deposited by the user is generally worth more than the DAI they get in return). dollar, whereby 1 USDD is always supposed to be equivalent to $1. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Stablecoins were designed to address this issue, ensuring a stable value over time. S. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. ELEPHANT - CoinMarketCap. Palladium Coin. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. Reason: Removes TRUNK from circulation. Today it reached a high of $0. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. This comprehensive system provides users with opportunities for yield. dollar, gold, or stock in a public company. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Register Now. That structure raises familiar risks. 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. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. S. . save. 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. Installing Ipopt. 5 million holders. Definition. Palladium Coin. Getty. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. Stablecoins can be backed by cash, cash equivalents, commodity. S. S. How two coins combined to hold one’s value steady. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. For the majority of the time since the exploit expenses were covered out of the foundersElephant Cash, a decentralized “yield farming” mechanism on the BNB Chain that makes use of the native token ELEPHANT andThis document is a guide to using Ipopt. ELEPHANT. QiDao is currently incentivizing the protocol so you’ll get a weekly drop of Qi to sweeten the deal. Any other chart, with any other token would be deemed a memecoin, with watchers standing on the sidelines waiting for the FOMO to stop, and the gut-churning Drop to start. TRUNK para calculadora USD, e muito mais em Coinpaprika. Stampede Perpetual Bonds. Price Stability Formula. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. 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. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. There are four basic types of stablecoins: 1. at the end of year 5, you will have 1. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. Working of Algorithmic Stablecoin. 100% Upvoted. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. ELEPHANT. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. You can see that with stampede, someone grew their account of 10k to 3. 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. Both collateral assets are securely stored in treasuries. If a stablecoin’s owner wants to cash out the coin, the real money can. hide. Stablecoin. The system keeps track of the total quantity of stable-coins in circulation. Coin Analizleri; Altcoin. Elephant Money Farms. But the. 1 comment. Trunk is a stable coin 1 Busd to 1 trunk ratio . Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. dollar and backed "100% by Tether's reserves," according to its website. USDT can be used to purchase products. 2 million lost"Funds are safe, don't answer, don't sell"Elephant Money, a decentralized "yield farming" protocol on BNB Chain with native token ELEPHANT and stablecoin. Yahoo - ELEPHANT. We are working with our partners at Certik /InsurAce to. So, not only do you benefit from the 31. The main reason to buy and hold stablecoins. Secondly, Tether's market capitalization recently. The main types of stablecoins are fiat-collateralized and crypto. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. dollar should always be worth approximately $1. 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. 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. The pilot transaction allowed Victor Smorgon Group, the investment company of Melbourne’s billionaire Smorgon family, to send $30 million to a digital asset fund manager, Zerocap, within 10 minutes. 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. By Ehis Ohiwerei. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. And as the media increasingly covers the subject, many people are left wondering: What is stablecoin? Stablecoins are an attempt to create a cryptocurrency token with a stable price. The token is tied to the USD on a 1:1 ratio,. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. MONEY implements a voluntary, sustainable, and permissionless global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). The algorithm controls the coin’s demand and supply, which are dictated by. 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. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. 2 million worth of Binance Coin. Listen. Lock in your gains. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. 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. Both collateral assets are securely stored in. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. I’m then taking the income from DRIP and diversifying into the elephant ecosystem as a stable coin based strategy, using both TRUNK and STAMPEDE to further. 1. What do you think about terrausd (UST) becoming the third-largest. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. Outside of those situations, stablecoins probably aren't a necessity. Dollar (e. Trunk is a stable coin 1 Busd to 1 trunk ratio . TRUNK is over-collateralized by BUSD with deep liquidity. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. Stable currencies are more useful as a store of value and medium of exchange. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. . io partner to secure stable coin yield Elephant. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. This animal lives in Africa. We make custom products you're super proud to. D. 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. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. 9 billion on January 1, 2022, and ended off at $138. Rank. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. Elephant Money Futures Vaults. 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. The documentation consists of the following pages: Overview. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. The notion of something called a stablecoin may strike some as an oxymoron. 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 . 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. The majority of the dozens of stablecoins that currently exist use the dollar. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Currently 69% APR . 01 JPY Coin v1 JPYC $ 0. It is pegged to the U. W hitepaper - ELEPHANT. 3. TRUMPET. 00. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. B USD or BinanceUSD was launched on September 5th of 2019. Key Points. Reason: Removes TRUNK from circulation. 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. 9. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. 2 min read. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. 1 comment. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. Unlocking Synthetic Derivatives With Chainlink Oracles. dollar or the Euro. Posted by 27 days ago. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. 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. So far, the main use case for algorithmic stablecoins has been speculative trading. 2 million coins and since then, the UST supply has increased by 132,504%. The price increased by 100. 760000% in the last 24 hours. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. 4. com Domínio BTC: 44. Credit: sdx15 / stock. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. Consider buying stablecoins for crypto transfers or if you want to lend crypto. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Money is happy to confirm that we have officially partnered with InsurAce. Staking TRUNK; TRUNK is the stablecoin of the protocol. Categories of Stablecoins. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. The algorithm sets the rules for balancing the supply and demand of the stablecoin. C$440. 18 billion at the time of writing. Though they're less turbulent than other cryptocurrencies, there are still risks to. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. io to mitigate smart contract risk. Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. Liquidity Management (Stability) Launch & Initial Token Distribution. "," ",". 05X times your total deposited amount. 01% in the last 24 hours. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. LUNA dropped by as much as 60% in just a matter of days. . The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Interestingly, the asset’s availability on the Ethereum. 73mil in bonds which will require the system to pay out 3. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Money (TRUNK token). How stablecoins get their stability. 1% exchange fee. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Name. Stablecoins aim to maintain their pegged rates using different means. D. Stampede Perpetual Bonds. , one unit of a dollar-pegged stablecoin may be equal to $1. TRUNK COIN. Elephant Money Futures Vaults. Fiat currency digital asset is the most popular use case for stablecoins. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. TRUNK Stake. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. 01 DigixDAO DGD $ 36. 0 TRUNK to 44,156 BUSD . 10, 2023, a combined $9. złota, srebra czy ropy naftowej. Its stable crypto coins are always at $1. 1942 Tombac nickel - King George III. Algo peg to the dollar. For example, in the U. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. Tether. 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. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. But there is one cryptocurrency that is designed to be the exact opposite. A perceived drawback of cryptocurrency is price volatility. Beginner. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. It was launched and issued by the Centre. ”. Elephant Money Stable (TRUNK) Circulating Supply. 1. The opposite can be said about stable coins. Not all stablecoins use the same method to keep their value. According to Sun, TronDAO “will deploy $2 billion to fight them. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. 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. Suzxy •. S. Gold has now completed the retest of its long term trend line and should be poised for higher gains. The documentation consists of the following pages: Overview. 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. To maintain a stable value relative to fiat currency, many stablecoins offer a promise or expectation that the coin can be redeemed at par upon request. USDC can be sent and received instantly through Circle or on. 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. 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. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. dollar. 5M and its 24h trading volume is $85K. Step 4: Swap 34,244,200,239,512. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Trumpet Features. 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. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. They can be used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be less. Close. | Image: Shutterstock USD Coin. 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’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. “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. Unlike cryptocurrencies like Bitcoin, their prices remain steady. If the price of the stablecoin starts veering up or down from the value of the asset it is pegged to, then the supply of the stablecoin can be adjusted to get the price back to where it should be. Read more. S. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . Building strong protections into the design of the Libra Reserve. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. While the information is valuable, it may be hard to digest for those. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Tether (USDT) is the most widely used stablecoin and is pegged to the U. But for most users the APY will hover around 5%. Elephant Money Farms. Stable Coin SBC $ 1. Stampede throws off only 0. Tether. Stablecoins are a type of cryptocurrency linked to an asset like the U. Elephant Money Farms. report. With trunk, you are able to compound your earnings when you stake your trunk. 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. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. 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. $79. Price Stability Formula. The $29. share. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. 8M BUSD to H1, 64,450B. ELEPHANT.