Offering single-currency stablecoins in addition to the multi-currency coin. Suzxy •. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. These coins are kept stable through a computer program running a preset formula; hence, its name. 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 . In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Stampede Perpetual Bonds. The torso muscles attach to the. Gold and silver are the most popular commodities kept as the underlying collateral. Each Tether token (USDT) is supposed to be “tethered” to one U. Elephant Money Stable (TRUNK) Services. Back then the whitepaper referred to it as Mastercoin. Currently 69% APR . One of the most prominent examples of a stablecoin is Tether (USDT). – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . , 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. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. With policymakers looking to coordinate a policy. 2 million in equivalent has been lost permanently. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. In some cases, these rates can be similar to or even lower than those on fiat exchanges. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. 6%. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. The total stablecoins market cap started the year at $167. USD Coin is a popular stablecoin pegged to the U. Coin Analizleri; Altcoin. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. 96) to the dollar, tanking to a low as $0. Unlocking Synthetic Derivatives With Chainlink Oracles. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 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. For example, if functioning correctly, a stablecoin pegged to the US dollar or. TRUNK High Yield Savings. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. dollar, gold, or stock in a public company. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. TL;DR. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Coins. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. Most of those with large followings are tied to the U. 4. Check answer Show a letter Show answer. Elephant Money Futures Vaults. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. The coin, called TerraUSD, is designed to maintain its value at $1. November 16, 2023 at 5:51 AM PST. We are working with our partners at Certik /InsurAce to. ”. ELEPHANT. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. It has faced controversies in the past. A guide to stable crypto money. ELEPHANT - Live Coin Watch. Redemption Queue. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Investors didn't want LUNA or UST. Coins Of Canada, Victoria, British Columbia. 2 million worth of Binance Coin. 28 Moremoney USD MONEY $ 1. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. With trunk, you are able to compound your earnings when you stake your trunk. 9 billion on January 1, 2022, and ended off at $138. It is assumed most people are familiar with git, but specific recipes. 0 coins. It. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Gold and silver are the most popular commodities kept as the underlying collateral. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Stablecoins minimize typical cryptocurrency. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. 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. Stamp bonds are tied to your wallet and can be added to at any time. It is designed to find (local) solutions of mathematical optimization problems of the form. TRUMPET - How It Works. 1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. 14 Digix Gold Token DGX $ 51. Sector. S. 5. 0 TRUNK to 44,156 BUSD . You can see it on the Canadian 5-cent coin. The DAI coin is treated as debt issued to the user and is issued at a rate that effectively over-collateralizes the DAI issued (i. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. In most cases, a stablecoin fixes its rate on a one-to-one basis. 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. ELEPHANT is used to generate yield for TRUNK and support the peg. TRUNK's market cap is $7. 3 min read. S. Trunk Staking & Stampede Bond. Log In Sign Up. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. Creating a system where users can trade. . Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. 00. 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. . The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. The main types of stablecoins include fiat-backed. Step 4: Swap 34,244,200,239,512. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . Written by Crypto And DeFi. , one unit of a dollar-pegged stablecoin may be equal to $1. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. Stablecoins sometimes lose parity with the asset to which they’re pegged. Tether — USDT; TrustToken; TUSD. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. Each Dai token is backed by 62% USDC and 29% ETH. Reason: Removes TRUNK from circulation. TRUNK also benefits holders of ELEPHANT, as 100% of the BUSD used to mint TRUNK is sent to the BUSD treasury which is used to buy back ELEPHANT, meaning that the underlying collateral supporting TRUNK hardens over time as the Elephant. dollar) or a commodity like gold. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. S. Algo peg to the dollar. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. Elephant Money Stable (TRUNK) Circulating Supply. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. Currently 69% APR . 75% in the last 24 hours. 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. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. Price Stability Formula. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . amount of outstanding coins. 100% Upvoted. 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. Algorithmic stablecoins. That is, the latter category of stable. 2 million worth of Binance Coin. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. 2 min read. 36%) Domínio BTC: 44. Unlimited NFT's. Stampede Perpetual Bonds. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. Treasury bonds. In most cases, a stablecoin fixes its rate on a one-to-one basis. Posted by 27 days ago. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. Stablecoins, as the name suggests. a. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. 1. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. 5M and its 24h trading volume is $85K. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. Both collateral assets are securely stored in. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. We only do awesome! Canadian Veteran owned. MONEY STABLE is a future-proof way to compound profits made across your portfolio. The crypto ecosystem is ever-evolving. This means that a single unit of a stablecoin is worth exactly one dollar at all times. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. C$440. Stablecoins can be backed by cash, cash equivalents, commodity. S. Unlimited NFT's. 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. 11 (€0. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. ago. Turn on the mining software without overclocking. Interestingly, the asset’s availability on the Ethereum. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. 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. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. . 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. 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. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. Crypto-collateralized stablecoins. Token Mechanics - Mint & Redeem. S. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. ~Cryptozoa. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. Tether (USDT) is the most widely used stablecoin and is pegged to the U. These are widely used. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. scalciaregt • 2 yr. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and…Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . 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. Circulating Supply. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. Binance stablecoin withdrawal fees, which usually range from US$0. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. The live TerraClassicUSD price today is $0. USD Coin (USDC) is a popular stablecoin that is pegged to the U. 29 in January 2018. złota, srebra czy ropy naftowej. ”. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Commodity-collateralized Stablecoins. So you have access to stable money that you can use on Ethereum. dollar, making them less volatile. 米ドルステーブルコイン・日本円ステーブルコイン・ユーロステーブルコイン・ゴールド. S. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. 7. 2130. 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. Though they're less turbulent than other cryptocurrencies, there are still risks to. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. 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. Elephant Money Futures Vaults. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. Elephant Money - Introducing the TRUNK Stablecoin. 2. 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. dollar. This means, by purchasing the stablecoin, that the trader is essentially holding gold. You will always earn 2. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . If PATH is omitted, the basename of the URL will be used as the destination. Coins. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. 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. ELEPHANT is used to generate yield for TRUNK and support the peg. 80 to $1. 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. bsc. Official Trackers. Scam News. B USD or BinanceUSD was launched on September 5th of 2019. Inaczej mówiąc, podobnie jak w przypadku kontraktów. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. Today it reached a high of $0. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. com Domínio BTC: 44. 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. “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. The price increased by 100. io partner to secure stable coin yield Elephant. Elephant Money - Introducing the TRUNK Stablecoin. 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. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. The BlockSec ThunderForecast system detected an attack on Elephant Money. Stablecoins are not risk-free. This animal lives in Africa. Key Highlights. Stablecoins by Market Cap and Volume. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. For example, one USD Coin (USDC) is intended to always be worth $1. Thus, it is correct to forecast success in the fate of the asset. Stampede deposit is locked and drips out a percentage daily. 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. Token Mechanics - Mint & Redeem. So far, the main use case for algorithmic stablecoins has been speculative trading. You. Lock in your gains. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. 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 。. The algorithm controls the coin’s demand and supply, which are dictated by. 5 million holders. Swap half the MAI for USDC for 1% fee on QiDao. news/post/e. 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). e. Close. TRUMPET. Use the Reserve to mint Elephant Money Stable (TRUNK). With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. report. A guide to fiat-pegged cryptocurrencies. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). TRUMPET Token - Additional Details. 69. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. dollar and backed "100% by Tether's reserves," according to its website. Posted by 27 days ago. Check out our AI powered knowledge base Elephant MoneyELEPHANT. 8 billion — or 7. Press J to jump to the feed. Tether is another stablecoin option which I do not use t the moment. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . Money (TRUNK token). ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Staking TRUNK; TRUNK is the stablecoin of the protocol. stablecoin. There is one trunk but many releases that derive from the trunk. [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Elephant Money Stable (TRUNK) Services. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. We update our USTC to USD price in real-time. D. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. Elephant Money Stable (TRUNK) Services. ELEPHANT - Nomics. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. Calculate between Elephant Money Stable and US Dollars. . hide. Price Stability Formula. It is a fiat-collateralized stablecoin. hide. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Elephant Money Stable (TRUNK) Services. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. 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. Some stablecoins are pegged to a fiat currency such as the U. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. 05X times your total deposited amount. Elephant Money - Introducing the TRUNK Stablecoin. Tether. com. What do you think about terrausd (UST) becoming the third-largest. 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. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. But there is one cryptocurrency that is designed to be the exact opposite. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. 12 July 2023, 18:55 GMT+0000. 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. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Elephant Money Farms. ”. Money ecosystem grows. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. Elephant Money Farms. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. The firm previously said USD Coin was backed 1:1. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. S. Unlike. MONEY implements an open global economic engine for stable coin yield. The new stablecoin will also be available on Ethereum. This “peg” ensures a stablecoin stably expresses the value of its associated external asset, which in the vast majority of cases is a major fiat currency issued by a central bank. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. ELEPHANT - Nomics. S. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. “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. 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. For example, in the U.