Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. 207213, and now sits at $0. The issuer builds their coin on a blockchain platform that supports smart contracts. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Elephant Money Stable (TRUNK) Circulating Supply. MONEY implements an open global economic engine for stable coin yield. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. The most commonly used and referred to stable coins are those that are pegged to one U. 2. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. ELEPHANT - Coingecko. 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. 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. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. 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. % Rolls. TRUNK Deposits. 56% daily. Stampede Perpetual Bonds. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. TRUMPET. S. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. 3. You will always earn 2. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Coinpaprika. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. . When redeeming TRUNK (1% Fee), there are 3 actions happening. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. Liquidity Management (Stability) Launch & Initial Token Distribution. ELEPHANT. Elephant Money Futures Vaults. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. S. Except for the brain, the trunk houses all the vital organs of the human body. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. 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. For example, one USD Coin (USDC) is intended to always be worth $1. Start raising the memory clock little by little at +50 MHz intervals. High Yield with Zero Fees / Taxes. Step 4: Swap 34,244,200,239,512. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. ago. MONEY STABLE is a future-proof way to compound profits made across your portfolio. USD Coin, which is also tied to the U. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. Since their all-time supply highs in November 2022 until Feb. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. 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. Stablecoin values are pegged to the value of a given currency. 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. A stablecoin pegged to the U. 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. 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. Coins Of Canada, Victoria, British Columbia. 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. Tether. 5M and its 24h trading volume is $85K. Palladium Coin. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. 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. 14 Digix Gold Token DGX $ 51. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. 01% in the last 24 hours. Lock in your gains. Description. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. For example, if functioning correctly a stablecoin pegged to the U. 013318 USD with a 24-hour trading volume of $7,314,866 USD. 15 June 2023. Liquidity cost: low. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. 93K Followers. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. , one unit of a dollar-pegged stablecoin may be equal to $1. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. 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. The declining market caps of these stablecoins confirm this. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. . The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Tether — USDT; TrustToken; TUSD. 2. 56% per day. 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. scalciaregt • 2 yr. They aim to offer all the benefits of. com and the amount of stablecoins you deposit. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. Log in or sign up to leave a comment. dollar. Close. For example, in the U. 55mil in 6 years and this doesn't even include all of the claims that user made. 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. dollar. Stablecoins sometimes lose parity with the asset to which they’re pegged. S. 10). Creating a system where users can trade. A ‘stable’ coin lost its peg over the weekend and pledged $1. 5%. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. Stablecoins were designed to address this issue, ensuring a stable value over time. 2 million in equivalent has been permanently lost. Stampede Perpetual Bonds. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. USDT can be used to purchase products. 12 July 2023, 18:55 GMT+0000. Binance stablecoin withdrawal fees, which usually range from US$0. The price of TRUNK COIN has risen by 100. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. Elephant Money Stable مخطط الأسعار | القيمة السوقية | TRUNK بالدولار الأمريكي | TRUNK حاسبة عائد الاستثمار | الأخبار | الوصف | الفريق | الأحداث ذات الصلة | المجموعة | العملات المشابهةTron’s USDD will be more like Terra’s UST, and targets $10 billion in reserves, founder Justin Sun said. The Stablecoins market cap is currently $ 126. I've been earning 0. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. In light of this, transactions using bitcoin. Close. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. Bitcoin’s value is volatile in comparison. A stablecoin is a crypto coin that should be worth $1. But the. Lock in your gains. If you wish to start trading with equation, please use the link below. Regarding fiat-backed assets, USDC. There are two primary means stablecoins achieve this stability, collateralization and algorithms. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. TRUNK is over-collateralized by BUSD with deep liquidity. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. ELEPHANT - Nomics. Stablecoin to nic innego, jak rodzaj kryptowaluty, a konkretniej tokena płatniczego, którego wartość jest trwale powiązana z wartością określonej tradycyjnej waluty fiat (najczęściej dolara amerykańskiego, rzadziej euro) lub innego dobra np. TRUNK Stake. In most cases, a stablecoin fixes its rate on a one-to-one basis. Some stablecoins can be pegged to other types of assets. We would like to show you a description here but the site won’t allow us. With trunk, you are able to compound your earnings when you stake your trunk. Its sister coin Luna was worth more than $80 (€76. Unlike traditional cryptocurrencies. 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. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. 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. Elephant Money Stable (TRUNK) Services. The crypto ecosystem is ever-evolving. S. Key Points. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. . MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Relative to fiat currency, stablecoins come with a handful of benefits: Accessibility: Stablecoins are globally accessible to anyone with an internet connection and are functional 24/7. dollar or gold. Stampede Perpetual Bonds. Enhancing the safety of the Libra payment system with a robust compliance framework. Stablecoins, as the name suggests. The stablecoin allows investors for easier and anonymous. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Summary. 207213, and now sits at $0. TL;DR. According to Sun, TronDAO “will deploy $2 billion to fight them. 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. 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 attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. Unlimited NFT's. 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. 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. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. 23% of stablecoins — were. Stablecoins aim to maintain their pegged rates using different means. Elephant Money Stable (TRUNK) Services. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. Stablecoins, as the name suggests. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 69. If a stablecoin’s owner wants to cash out the coin, the real money can. TerraClassicUSD is up 0. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. To guarantee a $1 peg per coin, fiat-backed stablecoins. Coins. 4. hide. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Gold and silver are the most popular commodities kept as the underlying collateral. That is, the latter category of stable. You. 2 million worth of Binance Coin. 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. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 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 . , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Examples include tether (USDT), USD coin (USDC) and. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. The coin, called TerraUSD, is designed to maintain its value at $1. Tether. ELEPHANT. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. , one unit of a dollar-pegged stablecoin may be equal to $1. Reward credits are based on the bond float of Stampede. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. 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. Dollar or a real-world asset such as gold. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. dollar and cryptocurrencies. IN under five years, USD coin (USDC), the $38 billion blockchain-based digital dollar issued by Boston-based Circle Financial, has built itself into a leader in the $100 billion plus stablecoin. Elephant. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 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. This contains the "latest and the greatest" code and is forward looking. 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. 3 min read. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. dollar should always be worth approximately $1. S. Coins. save. S. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. Peach Trunk: 100: Pet Castle: 400: Raised Garden Bed Set of 3: 2,000: Rechargeable House Teleport Tiles: 1,000: Rose of Trinsic: 100: Sacrificial Altar: 100: Scarecrow: 100:Trunk Staking & Stampede Bond. Both collateral assets are securely stored in treasuries. Turn on the mining software without overclocking. Trunk and Release. Frequently Asked Questions. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. Sharkz Coins, Victoria, British Columbia. Close. Gold and silver are the most popular commodities kept as the underlying collateral. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. 2 million in equivalent has been permanently lost. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. 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. io partner to secure stable coin yield Elephant. 1. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Stampede bonding trunk you get 205% and daily compo. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. June 07, 2022. This comprehensive system provides users with opportunities for yield. How The System Supports The Peg. 29 in January 2018. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. The price increased by 100. The Reasons, Risks and Types to Know. ELEPHANT. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. This means, by purchasing the stablecoin, that the trader is essentially holding gold. The main types of stablecoins are fiat-collateralized and crypto. 727 likes · 4 talking about this. Trunk is your main source. a. These tokens are intended to function with stability, as their name implies. S. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. For example, in the U. Stampede bonding trunk you get 205% and daily compo. 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. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . 05X times your total deposited amount. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Decrypt • Nov 22, 23. dollar. dollar-pegged stable coin project dubbed Stronghold. It is 100% immutable with no. 2 min read. The algorithm sets the rules for balancing the supply and demand of the stablecoin. TRUNK is over-collateralized by BUSD with deep liquidity. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. e. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. amount of outstanding coins. Palladium Coin. S. The concept of coins like USDT is simple. Since their all-time supply highs in November 2022 until Feb. How stablecoins work. They aim to offer all the benefits of. 2 million in equivalent has been lost permanently. Elephant Money Stable (TRUNK) Services. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Elephant Money Farms. ELEPHANT. Fiat-collateralized stablecoins are the most common type and the simplest structure of stablecoins. 206396. November 16, 2023 at 5:51 AM PST. 2 million in equivalent has been. USDC can be sent and received instantly through Circle or on. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. Stampede Perpetual Bonds. Unlimited NFT's. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. news/post/e. Check out a working copy from a repository. 2130. Unlimited NFT's. High Yield with Zero Fees / Taxes. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. We make custom products you're super proud to. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Next - Overview Elephant. 58 billion and their market. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. "," ",". Money ecosystem grows. If stablecoins become widespread in emerging economies, it could also impact the effectiveness of their tax collection and revenue, Miyoshi and the G20 official said. In most cases, a stablecoin fixes its rate on a one-to-one basis. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Secondly, Tether's market capitalization recently. Lists. 01 JPY Coin v1 JPYC $ 0. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. UST (Stablecoin)Stablecoins are a type of digital currency that is supposed to be pegged one-to-one with a fiat currency such as the U. 10, 2023, a combined $9. D. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. S. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. S. ELEPHANT - Nomics. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. I think this is known as the "Unstable trunk, stable branch" philosophy. dollar. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. Elephant. 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. However, you should note that neither of these coins is backed by the United States government like the dollar. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. 04 mStable USD MUSD $. B USD or BinanceUSD was launched on September 5th of 2019. TRUNK High Yield Savings. 15 June 2023. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of assets denominated in fiat currency. Unlimited NFT's. These rates are at the low end when it comes to the crypto exchange industry. Go to quickswap to enter the pair in a liquidity pool. 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. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. It has faced controversies in the past. USD Coin (USDC): This is the second largest stable coin after tether. 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. ELEPHANT is used to generate yield for TRUNK and support the peg. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. ELEPHANT. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. 2022-04-15 08:47:27. Today it reached a high of $0. Stablecoins aim to maintain their pegged rates using different means. It is pegged to the U. 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. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon.