Elephant Money - Introducing the TRUNK Stablecoin. Today it reached a high of $0. In most cases, a stablecoin fixes its rate on a one-to-one basis. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. 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 。. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. ELEPHANT. 1 UST is always considered to be equal to $1. S. TRUNK's market cap is $7. A stablecoin that is “pegged” or “anchored” to another asset is a stablecoin that follows the buying power of another asset that people consider to be stable, like the Dollar, Euro, or Yen. Secondly, Tether's market capitalization recently. and Europe, as well as a consumer flight to safety in the crypto. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. Release is a one-to-many association with trunk. Elephant Money Futures Vaults. Official Trackers. Summary. It generally isn't always stable. QiDao is currently incentivizing the protocol so you’ll get a weekly drop of Qi to sweeten the deal. Key Highlights. Unlike. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Posted by 27 days ago. 207213, and now sits at $0. The declining market caps of these stablecoins confirm this. 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. COIN-OR Developer's Guide. 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. 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. Inaczej mówiąc, podobnie jak w przypadku kontraktów. Now they have a new target: stablecoins. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. Both collateral assets are securely stored in. S. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. These are widely used. Building strong protections into the design of the Libra Reserve. 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 - Nomics. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. In light of this, transactions using bitcoin. 5%. Log in or sign up to leave a comment. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. Stablecoins are designed to maintain a relatively stable price so that users can avoid the volatility risks common in the crypto markets. Unique. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. We only do awesome! Canadian Veteran owned. 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. The BlockSec ThunderForecast system detected an attack on Elephant Money. . 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. TRUNK Stake. 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. PAX (Paxos. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. 10, 2023, a combined $9. Trunk. It is assumed most people are familiar with git, but specific recipes. Currently 69% APR . A stablecoin is cryptocurrency with a twist. 14 billion. Elephant Money Stable Coin price is $0. However, algorithmic stablecoins, for now, feature as opportunities. We would like to show you a description here but the site won’t allow us. Except for the brain, the trunk houses all the vital organs of the human body. Type of Stablecoin. While the information is valuable, it may be hard to digest for those. 0 TRUNK to 44,156 BUSD . 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 maintain their pegged rates using different means. Key Highlights. Its stable crypto coins are always at $1. Stampede Perpetual Bonds. Their low transaction costs and traditional asset. 5M and its 24h trading volume is $85K. Jun 1, 2022 10:13AM EDT. dollar and backed "100% by Tether's reserves," according to its website. These coins are kept stable through a computer program running a preset formula; hence, its name. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. S. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Trunk is a stable coin 1 Busd to 1 trunk ratio . Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. Coins. Decentralized USD (USDD) is an algorithmic. Staking TRUNK; TRUNK is the stablecoin of the protocol. ELEPHANT is Elephant. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . Elephant Money Stable (TRUNK) price is up 0. UST, one of the top stablecoins in circulation, dropped well below $0. 6%. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. The main reason to buy and hold stablecoins. It is collateralized against 75% BUSD and 25% ELEPHANT. The total stablecoins market cap started the year at $167. They aim to offer all the benefits of. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. Stable currencies are more useful as a store of value and medium of exchange. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. Elephant Money Stable (TRUNK) Circulating Supply. Each Dai token is backed by 62% USDC and 29% ETH. A guide to stable crypto money. 11 (€0. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. 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). 8 BUSD is equal to the value of 276. The stablecoin is named TRUNK. 13 Fantom USD FUSD $ 0. 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. I like to take some more risk and higher yields. ELEPHANT - Nomics. S. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. S. Elephant Money Stable (TRUNK) Services. S. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. The. e. USD Coin (USDC) is a popular stablecoin that is pegged to the U. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Blockchain data on. 73mil in bonds which will require the system to pay out 3. Their value is fixed, usually on a 1:1 basis with the U. The “international. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 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. The ELEPHANT. Tether is another stablecoin option which I do not use t the moment. Read more. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. 1%. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. 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. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. This. The coin has seen massive expansion since its launch a few years ago. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . 5 billion in Bitcoin trying to stabilize. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Elephant Money Futures Vaults. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. S. 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 . 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. The working of these stablecoin is a complex. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. 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. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. TRUNK Deposits. Stampede Perpetual Bonds. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . This mechanism is of course subject to the limits described in (2). 04 mStable USD MUSD $. Dexscreener Elephant/WBNB. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. 4. Back then the whitepaper referred to it as Mastercoin. 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 by Market Cap and Volume. save. To guarantee a $1 peg per coin, fiat-backed stablecoins. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. It is designed to find (local) solutions of mathematical optimization problems of the form. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. , one unit of a dollar-pegged stablecoin may be equal to $1. Go to beefy to auto compound this stable coin pair. On November 25, 2020, UST had a circulating supply of 13. 2 million worth of Binance Coin. U. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. , 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. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. For example, if functioning correctly a stablecoin pegged to the U. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. TerraClassicUSD is up 0. Elephant Money - Introducing the TRUNK Stablecoin. 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. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. 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. Getty. 55mil trunk over the next year. The crypto ecosystem is ever-evolving. Which is easy for people to understand. 2 million in equivalent has been. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. Stablecoins sometimes lose parity with the asset to which they’re pegged. TRUNK has never. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. TRUNK is over-collateralized by BUSD with deep liquidity. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. Redemption Queue. 55mil in 6 years and this doesn't even include all of the claims that user made. The 2007-08. Categories of Stablecoins. November 16, 2023 at 5:51 AM PST. If PATH is omitted, the basename of the URL will be used as the destination. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. TRUNK - Nomics. TRUNK para calculadora USD, e muito mais em Coinpaprika. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. 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. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. TRUMPET. We update our TRO to USD price in real-time. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. S. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. 56% daily. 5 million holders. 01% in the last 24 hours. 68. S. S. dollar. Market Cap. This comprehensive system provides users with opportunities for yield. 1 comment. Use the Reserve to mint Elephant Money Stable (TRUNK). On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. Benefit from the Herd: A Partner Network Avail a 0. Well-known Fiat-collateralized Stablecoins. Stampede Perpetual Bonds. It will help the channel grow and proceeds will be given back to our community. ELEPHANT is the other token for the protocol. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. In most cases, a stablecoin fixes its rate on a one-to-one basis. Stampede Perpetual Bonds. So far, the main use case for algorithmic stablecoins has been speculative trading. Investors didn't want LUNA or UST. 8 [ to dynamically reduce the price volatility of a specific asset, such as the U. 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. report. Go to quickswap to enter the pair in a liquidity pool. ”. ELEPHANT is used to generate yield for TRUNK and support the peg. 2. 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). S. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. 00. e. It was launched and issued by the Centre. 23% of stablecoins — were. They are a vital part of the crypto economy. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. 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. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. TRUNK - Nomics. 10). . Circulating Supply. Circulating Supply. ELEPHANT - Coingecko. 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. 7. 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. Lock in your gains. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. For example, in the U. S. . bsc. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. AFP via Getty Images. 1. IDR/USD exchange rate. The company Circle had said its U. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. Elephant Money - Introducing the TRUNK Stablecoin. Some stablecoins can be pegged to other types of assets. With trunk, you are able to compound your earnings when you stake your trunk. The torso muscles attach to the. at the end of year 5, you will have 1. Rank. adobe. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. TronDAO said in a tweet that it added $650 million of USDC to its reserve. C. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. Regarding fiat-backed assets, USDC. The algorithm controls the coin’s demand and supply, which are dictated by. 2:25. 80 to $1. The token is tied to the USD on a 1:1 ratio,. Money Network’s native bonding system that allows players to deposit their TRUNK and earn a 205% APR (672% APY) from a partially collateralized stable coin. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. Suzxy •. Anytime the price peg is threatened, the issuing. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. dollar and cryptocurrencies. Coinpaprika. That is, the latter category of stable. 2 million worth of Binance Coin. 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. Binance stablecoin withdrawal fees, which usually range from US$0. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . 56% daily. arrangements consisting of two coins or tokens: the stablecoin, in this case UST, meant to maintain a stable value or “peg,” and a balancer token, in this case, LUNA, the value of which can fluctuate. Next - Overview Elephant. Definition. S. 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. Start raising the memory clock little by little at +50 MHz intervals. The price of TRUNK COIN has risen by 100. Elephant. 727 likes · 4 talking about this. ELEPHANT - Coingecko. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Stablecoins aim to maintain their pegged rates using different means. dollar, gold, or stock in a public company. Stablecoins are a class of cryptocurrency that aims to provide price stability. 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. 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. dollar. News; Prices;. the collateral deposited by the user is generally worth more than the DAI they get in return). We are working with our partners at Certik /InsurAce to. This doesn’t work for all stablecoins, especially those tied to the US dollar. #2. . Step 4: Swap 34,244,200,239,512. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. USDC has recently grown in market share—helped by its. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. It has a market cap of over $42 billion dollars and almost 1. Algo peg to the dollar. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. 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 . S. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. Stablecoins are cryptocurrencies without the volatility. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. Stablecoins are global, and can be sent over the internet. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. 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. 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). There is one trunk but many releases that derive from the trunk. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Elephant Money Stable (TRUNK) Services.