The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. 1 comment. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. Sector. dollar that doesn’t change much in value. S. 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. TL;DR. Binance USD (BUSD) Not to be outdone, crypto. 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 。. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. Since their all-time supply highs in November 2022 until Feb. 2 min read. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. Frequently Asked Questions. While the IT titan isn’t new to the world of crypto, stable. ELEPHANT - CoinMarketCap. The end result after a year of higher highs, Elephant Money (in my. TRUNK is over-collateralized by BUSD with deep liquidity. Use the Reserve to mint Elephant Money Stable (TRUNK). Minimum 30% interest on your dollar. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. IDR/USD exchange rate. Elephant Money Stable (TRUNK) Services. 05X times your total deposited amount. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 3. Volatility in Ethereum severely affected Dai’s stability in 2020. Tether tokens were designed by the BitFinex crypto exchange platform. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 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. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. The. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. In addition, Tether (USDT) is a native token of the Tether network. | Image: Shutterstock USD Coin. Stable Coin SBC $ 1. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. 2 million coins and since then, the UST supply has increased by 132,504%. Summary. We make custom products you're super proud to. We only do awesome! Canadian Veteran owned. Trunk Staking & Stampede Bond. USDC has recently grown in market share—helped by its. the collateral deposited by the user is generally worth more than the DAI they get in return). Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. Not all stablecoins use the same method to keep their value. ELEPHANT. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. It will help the channel grow and proceeds will be given back to our community. Both collateral assets are securely stored in. report. 100% Upvoted. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. 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. But the. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. Register Now. It has a market cap of over $42 billion dollars and almost 1. TRUNK is over-collateralized by BUSD with deep liquidity. 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. Projects currently included in the COIN-OR Optimization Suite are listed below. The most popular stablecoins. The coin, called TerraUSD, is designed to maintain its value at $1. Stablecoins, as the name suggests. ELEPHANT - CoinMarketCap. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. These rates are at the low end when it comes to the crypto exchange industry. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Regarding fiat-backed assets, USDC. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. ELEPHANT - Coingecko. $79. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. Some of the most popular stablecoins on the market are. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Over the weekend gold recovered towards the $2,000 barrier hitting a high of $1,984 and moving back towards its support around $1,950. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. By Ehis Ohiwerei. 10, 2023, a combined $9. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. S. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. It's picked up popularity as more crypto wallets, platforms and. A stablecoin is a cryptocurrency just like Bitcoin or Ether. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. ELEPHANT is used to generate yield for TRUNK and support the peg. Circulating Supply. 5M and its 24h trading volume is $85K. Working of Algorithmic Stablecoin. invested in an owned account. It is a fiat-collateralized stablecoin. 12 July 2023, 18:55 GMT+0000. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. These are widely used. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . 2 million worth of Binance Coin. By Selena 04/13/22 10:42 PM. 1. dollar should always be worth approximately $1. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 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. 207213, and now sits at $0. AFP via Getty Images. dollar. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. The decrease came as the result of a broader market sell-off in all cryptocurrencies. . Stable Coin. The “international. It is assumed most people are familiar with git, but specific recipes are. These tokens are intended to function with stability, as their name implies. 56% daily. TRUMPET. Maximum APY you can get is 8. But for most users the APY will hover around 5%. In addition, it also guarantees a stable value of UST as the value of TerraUSD is determined by the demand and supply of LUNA. Yahoo - ELEPHANT. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary addition to the. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. Step 4: Swap 34,244,200,239,512. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. It is pegged to the U. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. Use the Reserve to mint Elephant Money Stable (TRUNK). S. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. Written by Crypto And DeFi. 2. TronDAO said in a tweet that it added $650 million of USDC to its reserve. Offering single-currency stablecoins in addition to the multi-currency coin. 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. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. The documentation consists of the following pages: Overview. Both collateral assets are securely stored in treasuries. 2 min read. dollar, whereby 1 USDD is always supposed to be equivalent to $1. , one unit of a dollar-pegged stablecoin may be equal to $1. 2. Tether. 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. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. S. UST (Stablecoin) Luna (Floating rate) $20. BUSD: One of the best stable coin. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. 00 Diamond Platform Token DPT $ 0. Calculate between Elephant Money Stable and US Dollars. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. Their low transaction costs and traditional asset. Lock in your gains. I like to take some more risk and higher yields. TRUNK's market cap is $7. 9. The firm previously said USD Coin was backed 1:1. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. hide. ELEPHANT is used to generate yield for TRUNK and support the peg. News; Prices;. ELEPHANT. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. TRUNK's market cap is $7. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. For example, in the U. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. This contains the "latest and the greatest" code and is forward looking. Because they are pegged to a real-world asset, they represent real money. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. You must be familiar with ERC-20 smart contracts and their functionalities. Trunk is the elephant money’s stable coin. So you have access to stable money that you can use on Ethereum. The stablecoin yield, however, depends on how much of CRO tokens you lock to stake on Crypto. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY a nutshell, stablecoins are cryptocurrencies that are designed to minimise price volatility relative to a particular “stable” asset or basket of assets. We would like to show you a description here but the site won’t allow us. You will always earn 2. 2:25. Treasury bills, which are. Interestingly, the asset’s availability on the Ethereum. By Ehis Ohiwerei. The issuer builds their coin on a blockchain platform that supports smart contracts. 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. scalciaregt • 2 yr. 0 TRUNK to 44,156 BUSD . S. Unlimited NFT's. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. bsc. S. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. PAX (Paxos. 56% daily. 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 $87 billion stablecoin operator has large coffers that could make it a significant competitor in. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. 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. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. S. The token is tied to the USD on a 1:1 ratio,. 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. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. The plan for Facebook’s Libra cryptocurrency was that it would be pegged to a basket of national currencies, similar to the IMF’s Special Drawing Right. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. TRUNK - Nomics. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. 59%. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. The working of these stablecoin is a complex. Key Points. It is collateralized against 75% BUSD and 25% ELEPHANT. a. Gold and silver are the most popular commodities kept as the underlying collateral. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. Fiat currency digital asset is the most popular use case for stablecoins. Price Stability Formula. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. Lock in your gains. 9. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. According to Sun, TronDAO “will deploy $2 billion to fight them. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. 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. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. dollar or gold. The coin has seen massive expansion since its launch a few years ago. With trunk, you are able to compound your earnings when you stake your trunk. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. This attack was carried out several times, and according to Elephant Money, a total of $11. The 2007-08. ELEPHANT - Nomics. 206396. Turn on the mining software without overclocking. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. Stablecoins can be backed by cash, cash equivalents, commodity. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. save. 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. 0 TRUNK to 44,156 BUSD . Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. MONEY implements an open global economic engine for stable coin yield. Stamp bonds are tied to your wallet and can be added to at any time. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. S. adobe. 5%. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. 26. While many of these projects use fiat to create their peg, the systems creating that peg can be different. TRUNK Rolled. Turn on the mining software without overclocking. The torso muscles attach to the. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . The crypto ecosystem is ever-evolving. S. Price Stability Formula. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. In light of this, transactions using bitcoin. 80 to $1. S. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. e. bsc. Stampede Perpetual Bonds. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. dollar. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. 0 TRUNK to 44,156 BUSD . A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Stablecoin values are pegged to the value of a given currency. 1% exchange fee. Treasurys. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. U. Credit: sdx15 / stock. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. ELEPHANT - Live Coin Watch. On July 17, IBM announced its involvement in a U. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. The stablecoin philosophy minimizes the roles of both central and commercial banks. You. 9 billion on January 1, 2022, and ended off at $138. 2 million in equivalent has been lost permanently. TIME - Inside the World of Black Bitcoin, Where Crypto Is About Making More Than Just Money. ”. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. The trunk (torso) is the central part of the body to which the head and the limbs are attached. ELEPHANT. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. 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. Start raising the memory clock little by little at +50 MHz intervals. Categories of Stablecoins. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 15 June 2023. 8M BUSD to H1, 64,450B ELEPHANT to H1 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 partners. I think this is known as the "Unstable trunk, stable branch" philosophy. 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. 760000% in the last 24 hours. 00. S. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. 29 in January 2018. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Circulating Supply. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. 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. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. 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 . Investors didn't want LUNA or UST. By implementing this strategy. dollar and backed "100% by Tether's reserves," according to its website. 727 likes · 4 talking about this. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. e. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. USD Coin is a popular stablecoin pegged to the U. So far, the main use case for algorithmic stablecoins has been speculative trading. Listen. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. 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. Well-known Fiat-collateralized Stablecoins. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. Staking TRUNK; TRUNK is the stablecoin of the protocol. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. Stablecoin. Stablecoins were designed to address this issue, ensuring a stable value over time. USD Coin, which is also tied to the U. 2130. Elephant Money - Introducing the TRUNK Stablecoin. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. 96) to the dollar, tanking to a low as $0. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Elephant Money Futures Vaults. Stampede Perpetual Bonds. 0000055761 BTC BC. 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. 207213, and now sits at $0. 2 million worth of Binance Coin. Coins. Trunk. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Key Highlights. Money is happy to confirm that we have officially partnered with InsurAce. USD Coin is backed by reserves held in financial institutions. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. And as the media increasingly covers the subject, many people are left wondering: What is stablecoin? Stablecoins are an attempt to create a cryptocurrency token with a stable price. hide. Release is a one-to-many association with trunk. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. , one unit of a dollar-pegged stablecoin may be equal to $1. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. 00% in the last 24 hours. You can see that with stampede, someone grew their account of 10k to 3. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. S. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. g. And with stable coins I use Elephant. With policymakers looking to coordinate a policy. All of these types of stablecoins are available on exchanges like Kraken. share. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Which is easy for people to understand. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. 2 million in equivalent has been. 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.