Inaczej mówiąc, podobnie jak w przypadku kontraktów. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. Elephant Money has perfected Shockenomics, pairing a Supply Shock of ever-growing Bertha the Treasury chowing down on the Elephants within the 2 LPs contained in. 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 . Fundamentally, backing the coin with less volatile traditional assets like USD or Gold makes it more stable, thus providing a safer alternative for all the players in the crypto ecosystem. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. 2130. 69. 2 million worth of Binance Coin. Scam News. The most commonly used and referred to stable coins are those that are pegged to one U. The most popular stablecoins. 56% daily. By Selena 04/13/22 10:42 PM. Written by Crypto And DeFi. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. The working of these stablecoin is a complex. Stampede bonding trunk you get 205% and daily compo. TRUNK Deposits. The opposite can be said about stable coins. A guide to fiat-pegged cryptocurrencies. The token is tied to the USD on a 1:1 ratio,. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Unlimited NFT's. 3 min read. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. Step 4: Swap 34,244,200,239,512. 01 JPY Coin v1 JPYC $ 0. 1. S. Press J to jump to the feed. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. 75% in the last 24 hours. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Dexscreener Elephant/WBNB. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. 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 Money Stable (TRUNK) Services. 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. A stablecoin is cryptocurrency with a twist. Both collateral assets are securely stored in treasuries. Unlimited NFT's. 2:25. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. 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. One of the most prominent examples of a stablecoin is Tether (USDT). This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. 2 million worth of Binance Coin. If you bond 10k trunk and claim 1 day, compound 1 day, etc. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. Each Tether token (USDT) is supposed to be “tethered” to one U. Unlocking Synthetic Derivatives With Chainlink Oracles. Calculate between Elephant Money Stable and US Dollars. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Dollars and short-term 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. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. Each Dai token is backed by 62% USDC and 29% ETH. 00% in the last 24 hours. TRUNK para calculadora USD, e muito mais em Coinpaprika. 04 mStable USD MUSD $. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. AFP via Getty Images. Each fiat-backed stablecoin is tied to. Read more. 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. Because they are pegged to a real-world asset, they represent real money. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. dollar and backed "100% by Tether's reserves," according to its website. But for most users the APY will hover around 5%. A stablecoin pegged to the U. TRUMPET. 25 billion but is widely distrusted by crypto exchanges and traders. Stampede throws off only 0. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Some stablecoins can be pegged to other types of assets. Getty. and Europe, as well as a consumer flight to safety in the crypto. 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. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. Turn on the mining software without overclocking. dollar. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. It is another popular fiat-backed stablecoin and is used on many exchanges. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. This mechanism is of course subject to the limits described in (2). 56% daily. bsc. Fiat-collateralized stablecoins are centralized in nature as there is a single entity that issues the stablecoin, controls the supply, and which is responsible for backing it with. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. 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). Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. 55mil in 6 years and this doesn't even include all of the claims that user made. Elephant Money - Introducing the TRUNK Stablecoin. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. 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. Go to beefy to auto compound this stable coin pair. e. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. scalciaregt • 2 yr. The documentation consists of the following pages: Overview. The total stablecoins market cap shrank by $29. 59%. Type of Stablecoin. Which is easy for people to understand. Stablecoins have their limitations, depending on the. The first through a chronological Redemption queue where arbitragers can buy TRUNK below peg and redeem it for 1:1 BUSD against the Treasury helping helping keep the liquidity pool ratios in balance. Bitcoin, the bellwether for the crypto market, took a beating this week. Key Highlights. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. TRUMPET. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Trunk is $1 stable coin that buys and owns 80% of Elephant money. 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. 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. DRIP uses a single token for DRIP, while Elephant money uses 2: Elephant, and Trunk (a stablecoin hybrid). dollar, whereby 1 USDD is always supposed to be equivalent to $1. 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. Stablecoins minimize typical cryptocurrency. Benefit from the Herd: A Partner Network Avail a 0. When redeeming TRUNK (1% Fee), there are 3 actions happening. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. Real priced commodities like real estate, gold,. Stablecoins are a type of cryptocurrency linked to an asset like the U. 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. dollar. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. Price Stability Formula. — 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. Use the Reserve to mint Elephant Money Stable (TRUNK). , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. S. It is 100% immutable with no. Categories of Stablecoins. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. We update our TRO to USD price in real-time. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. 58 billion and a 24-hour trading volume of 2. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. Step 4: Swap 34,244,200,239,512. Money and InsurAce. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. ELEPHANT - CoinMarketCap. Stablecoins are not risk-free. S. 1. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Summary. hide. 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. TRUMPET. The decrease came as the result of a broader market sell-off in all cryptocurrencies. S. 1. S. The most popular kind of stablecoins are fiat-backed stablecoins. More popular stablecoins, such as tether (USDT - $82 billion market cap) and USD Coin (USDC - $50 billion market cap), are backed by assets such as fiat dollars in a bank account, treasuries, or. 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. dollar, gold, or stock in a public company. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. 52B, after an increase of 0. TRUNK is over-collateralized by BUSD with deep liquidity. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. Most of those with large followings are tied to the U. 2 million worth of Binance Coin. 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. MONEY implements an open global economic engine for stable coin yield. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Tether. Offering single-currency stablecoins in addition to the multi-currency coin. 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. S. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Stablecoins can be backed by cash, cash equivalents, commodity. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. The issuer builds their coin on a blockchain platform that supports smart contracts. S. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. dollar. 5. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Posted by 27 days ago. 56% daily. Bitcoin’s value is volatile in comparison. Stamp bonds are tied to your wallet and can be added to at any time. ago. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. This document is a guide to using Ipopt. 2 million in equivalent has been permanently lost. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. ELEPHANT - Nomics. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. share. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. stablecoin. For example, in the U. Stablecoins aim to maintain their pegged rates using different means. The algorithm controls the coin’s demand and supply, which are dictated by. Unlimited NFT's. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. g. Press question mark to learn the rest of the keyboard shortcuts 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. 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. 85 at one point late Monday. Projects currently included in the COIN-OR Optimization Suite are listed below. Trunk. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. 6%. S. dollar-pegged stable coin project dubbed Stronghold. ELEPHANT - CoinMarketCap. Elephant Money Stable (TRUNK) Services. By far the most common denomination of stablecoin is the US Dollar. S. 4 billion on January 31, 2023. Elephant Money Stable Coin price is $0. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. Stampede deposit is locked and drips out a percentage daily. The end result after a year of higher highs, Elephant Money (in my. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . 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. Lock in your gains. 100% Upvoted. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. For example, if functioning correctly, a stablecoin pegged to the US dollar or. The $29. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. Regarding fiat-backed assets, USDC. Crypto was meant to unseat the financial giants. dollar — and issue the. USDC has recently grown in market share—helped by its. Start raising the memory clock little by little at +50 MHz intervals. Forgoing the future transition to a permissionless system while maintaining its key economic properties. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Tether (USDT) is the most widely used stablecoin and is pegged to the U. Trumpet Features. 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. They do this by tracking the value of a given fiat currency on a 1:1 ratio, and can be denominated in any national currency. Unlimited NFT's. Commodity-collateralized Stablecoins. TRUMPET. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. For example, one USD Coin (USDC) is intended to always be worth $1. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. Elephant Money Farms. 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. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. That’s why they are MY best projects ;-)----Follow. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. 05X times your total deposited amount. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. Step 4: Swap 34,244,200,239,512. ELEPHANT - Nomics. Stable Coin SBC $ 1. TRUNK is over-collateralized by BUSD with deep liquidity. Currently 69% APR . 5 billion in Bitcoin trying to stabilize. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. In Elephant Money’s case, this is just the beginning of the Parabolic move. Stablecoins by Market Cap and Volume. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. This doesn’t work for all stablecoins, especially those tied to the US dollar. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. Sharkz Coins, Victoria, British Columbia. Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. 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. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. Operating primarily on the BNB Chain, it’s a fresh contender in the market. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. 73mil in bonds which will require the system to pay out 3. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. 1 UST is always considered to be equal to $1. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Redemption Queue. Stable currencies are more useful as a store of value and medium of exchange. ELEPHANT - Coingecko. Enhancing the safety of the Libra payment system with a robust compliance framework. Well-known Fiat-collateralized Stablecoins. The “international. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. S. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. 4. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. 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. 2 million worth of Binance Coin. 10). USDC can be sent and received instantly through Circle or on. Both collateral assets are securely stored in. Release is a one-to-many association with trunk. It has faced controversies in the past. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. Coins Of Canada, Victoria, British Columbia. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. ”. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Key Takeaways. The BlockSec ThunderForecast system detected an attack on Elephant Money. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. TRUMPET Token - Additional Details. S. 2 million in equivalent has been lost permanently. TIME - Inside the World of Black Bitcoin, Where Crypto Is About Making More Than Just Money. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. November 7, 2023 at 12:38 PM PST. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. 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. My second largest holding is in Elephant Money, and the 3 different internal projects of the BTC-like speculative Elephant Money, The Trunk Stablecoin staking, and the DRIPlike Stampede paying 0. Lock in your gains. io to mitigate smart contract risk. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. Stable coins are so-called (mostly) pegged to a Dollar. Elephant Money Futures Vaults. The 2007-08. Check out our AI powered knowledge base Elephant MoneyELEPHANT. Reason: Removes TRUNK from circulation. Tether Holdings Ltd. , one unit of a dollar-pegged stablecoin may be equal to $1. ELEPHANT. TRUNK's market cap is $7. This. S. $79. Tether is another stablecoin option which I do not use t the moment. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. Elephant Money Stable (TRUNK) Services. 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. Blame the stablecoins. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. 2130. Crypto-collateralized stablecoins. ELEPHANT - Live Coin Watch. The torso muscles attach to the. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Use the Reserve to mint Elephant Money Stable (TRUNK). The coin, called TerraUSD, is designed to maintain its value at $1. dollar. 3. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . io partner to secure stable coin yield Elephant. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. PAX (Paxos. TRUNK Stake. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. news/post/e. Elephant Money Farms.