I think this is known as the "Unstable trunk, stable branch" philosophy. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. Calculate between Elephant Money Stable and US Dollars. When redeeming TRUNK (1% Fee), there are 3 actions happening. dollar. 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. . Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Tether is another stablecoin option which I do not use t the moment. TrueUSD (TUSD) At the moment it is one of the most reliable and proven stablecoins, as the company creating it has an open and transparent policy. money trunk stable coin on BSC. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Gold has now completed the retest of its long term trend line and should be poised for higher gains. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Type of Stablecoin. Crypto volatility, both long term and short. 69. Trunk is the elephant money’s stable coin. Elephant Money Stable Coin price is $0. To guarantee a $1 peg per coin, fiat-backed stablecoins. 8M BUSD to H1, 64,450B. Log In Sign Up. TRUNK - Nomics. U. These coins are kept stable through a computer program running a preset formula; hence, its name. It is another popular fiat-backed stablecoin and is used on many exchanges. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. The most popular kind of stablecoins are fiat-backed stablecoins. 1. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. ELEPHANT. 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. at the end of year 5, you will have 1. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. Today it reached a high of $0. | Image: Shutterstock USD Coin. Unlimited NFT's. Coin, or U. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. 1. Launched in 2019, this coin is a creation of the colossal centralized crypto exchange, Binance, in partnership with Paxos. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. Offering single-currency stablecoins in addition to the multi-currency coin. It is pegged to the U. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. Money is happy to confirm that we have officially partnered with InsurAce. 1. November 7, 2023 at 12:38 PM PST. TerraClassicUSD is up 0. You can see that with stampede, someone grew their account of 10k to 3. Both collateral assets are securely stored in treasuries. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. 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. You will always earn 2. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Fiat currency digital asset is the most popular use case for stablecoins. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. 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. dollar that doesn’t change much in value. Key Highlights. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. 0 coins. 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 Farms. dollar-pegged stable coin project dubbed Stronghold. A guide to stable crypto money. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . The stablecoin allows investors for easier and anonymous. For example, if functioning correctly, a stablecoin pegged to the US dollar or. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. 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. 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. IDR/USD exchange rate. Step 4: Swap 34,244,200,239,512. 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. 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. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. 2 min read. Unlimited NFT's. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. TRUNK para calculadora USD, e muito mais em Coinpaprika. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. ELEPHANT is Elephant. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 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. USD Coin, which is also tied to the U. 2 million worth of Binance Coin. Elephant Money Farms. Anytime the price peg is threatened, the issuing. If PATH is omitted, the basename of the URL will be used as the destination. Investors didn't want LUNA or UST. Commodity-Backed Stablecoins. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. C$20. Both collateral assets are securely stored in. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. Stablecoins are global, and can be sent over the internet. Each fiat-backed stablecoin is tied to. Stampede bonding trunk you get 205% and daily compo. For example, in the U. The most popular stablecoins. It will help the channel grow and proceeds will be given back to our community. Guaranteed redemption for $1 USD. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. 1 comment. Secondly, Tether's market capitalization recently. The crypto ecosystem is ever-evolving. We make custom products you're super proud to. Trunk is a stable coin 1 Busd to 1 trunk ratio . Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. 5 million holders. The total market capitalization of this coin has reached $32 billion. This means, by purchasing the stablecoin, that the trader is essentially holding gold. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. The new stablecoin will also be available on Ethereum. ELEPHANT - CoinMarketCap. Tether — USDT; TrustToken; TUSD. It is assumed most people are familiar with git, but specific recipes are. 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. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. Volatility in Ethereum severely affected Dai’s stability in 2020. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. It has a market cap of over $42 billion dollars and almost 1. TRUMPET. 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. 0 TRUNK to 44,156 BUSD . S. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. One of the most prominent examples of a stablecoin is Tether (USDT). Register Now. How stablecoins work. It's picked up popularity as more crypto wallets, platforms and. Interestingly, the asset’s availability on the Ethereum. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. ~Cryptozoa. So far, the main use case for algorithmic stablecoins has been speculative trading. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. It is designed to find (local) solutions of mathematical optimization problems of the form. 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 . Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. 23% of stablecoins — were. dollar or the euro. Minimum 30% interest on your dollar. USD Coin is backed by reserves held in financial institutions. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. Coins. Rare coin and precious metals dealer. Stablecoins aim to maintain their pegged rates using different means. news/post/e. Stablecoins are a type of cryptocurrency linked to an asset like the U. The main types of stablecoins include fiat-backed. In a market where the price of the assets one holds is swinging violently, the option to ‘store’ funds’ value in a way that excludes volatility is quite essential. Written by Crypto And DeFi. Go to beefy to auto compound this stable coin pair. TRUNK is over-collateralized by BUSD with deep liquidity. 4. Dollar or a real-world asset such as gold. 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. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. You will always earn 2. share. Tether tokens were designed by the BitFinex crypto exchange platform. 2 min read. Elephant Money - Introducing the TRUNK Stablecoin. ELEPHANT is used to generate yield for TRUNK and support the peg. ”. Staking TRUNK; TRUNK is the stablecoin of the protocol. Some stablecoins can be pegged to other types of assets. 96) to the dollar, tanking to a low as $0. Stampede Perpetual Bonds. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Key Takeaways. TRUNK COIN. The documentation consists of the following pages: Overview. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. e. Suzxy •. dollar. Elephant Money Futures Vaults. 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. 2130. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. It is a fiat-collateralized stablecoin. Elephant Money - Introducing the TRUNK Stablecoin. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. Except for the brain, the trunk houses all the vital organs of the human body. Currently 69% APR . The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. Elephant. Tether is owned by iFinex, the Hong Kong-registered. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . When 1 UST is less than $1. The coin, called TerraUSD, is designed to maintain its value at $1. . 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. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Stablecoins by Market Cap and Volume. $79. 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. Stablecoins have their limitations, depending on the. Treasury bonds. 207213, and now sits at $0. 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. That’s why they are MY best projects ;-)----Follow. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. The main types of stablecoins include fiat-backed. The recent crash of Terra’s Luna and algorithmic UST stablecoin sent seismic shocks through the crypto community, leaving many to question which. 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. Some of the most popular stablecoins on the market are. Stablecoins are cryptocurrencies without the volatility. Suzxy •. The opposite can be said about stable coins. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. 80 to $1. 58% on a DRIP/BUSD stake sounds pretty good…until you realize that the stake value is draining because of the falling value of Drip. Stampede throws off only 0. 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. 85 at one point late Monday. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. 55mil in 6 years and this doesn't even include all of the claims that user made. Liquidity Management (Stability) Launch & Initial Token Distribution. share. For example, if functioning correctly a stablecoin pegged to the U. According to Benzinga, these are the types of stablecoins currently available: commodity-backed stable coins, cryptocurrency-backed stablecoins, fiat-backed stablecoins, and seigniorage-style. Stamp bonds are tied to your wallet and can be added to at any time. We update our TRO to USD price in real-time. USD Coin (USDC) is a popular stablecoin that is pegged to the U. ”. 2 million worth of Binance Coin. Working of Algorithmic Stablecoin. Token Holder Distribution. news/post/e. This means that a single unit of a stablecoin is worth exactly one dollar at all times. Circulating Supply. 0 TRUNK to 44,156 BUSD . 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. TRUNK's market cap is $7. The notion of something called a stablecoin may strike some as an oxymoron. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. The firm previously said USD Coin was backed 1:1. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. S. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. 50. Unlimited NFT's. TRUMPET. S. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. 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. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. ”. With trunk, you are able to compound your earnings when you stake your trunk. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. 36%) Domínio BTC: 44. ELEPHANT - Live Coin Watch. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. But for most users the APY will hover around 5%. 3. Trumpet Features. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 18 billion at the time of writing. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. The ELEPHANT. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. S. 2. Now, even though the data suggests that IDR-pegged coins have low volatility in general, we wouldn’t personally use them as stores of value since the rupiah has had a 43. You can see that with stampede, someone grew their account of 10k to 3. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. If you bond 10k trunk and claim 1 day, compound 1 day, etc. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. TRUMPET. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. scalciaregt • 2 yr. The coin’s value only fluctuates based on the price of the physical metal that backs it; buying low and selling high will yield a profit. Elephant Money Stable (TRUNK) Services. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. B USD or BinanceUSD was launched on September 5th of 2019. Dollars and short-term U. 8 billion — or 7. S. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. invested in an owned account. Reward credits are based on the bond float of Stampede. In most cases, a stablecoin fixes its rate on a one-to-one basis. 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. Cosmos-based. Elephant Money Farms. 0 TRUNK to 44,156 BUSD . The ELEPHANT. dollar. T erraUSD (UST) is a stablecoin built on the Terra blockchain and was designed to always retain its value of $1, or sometimes known as. S. S. Use the Reserve to mint Elephant Money Stable (TRUNK). TronDAO said in a tweet that it added $650 million of USDC to its reserve. By far the most common denomination of stablecoin is the US Dollar. Price Stability Formula. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. Which is easy for people to understand. 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. Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announces that hackers stole $11. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. 20 coins Earn up to 26% Kraken Staking US Dollar 4. DRIP uses a single token for DRIP, while Elephant money uses 2: Elephant, and Trunk (a stablecoin hybrid). 9 billion on January 1, 2022, and ended off at $138. Installing Ipopt. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Consider buying stablecoins for crypto transfers or if you want to lend crypto. 2 million in equivalent has been permanently lost. So, not only do you benefit from the 31. 66 billion to the present $129. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. 00% in the past 7 days. 01% in the last 24 hours. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Trunk is your main source. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. amount of outstanding coins. Enhancing the safety of the Libra payment system with a robust compliance framework. ELEPHANT - Coingecko. 13 Fantom USD FUSD $ 0. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. Cryptocurrencies. Blockchain data on. TRUNK has never gone to zero and the system dynamically adjust yield generation based on the percentage to peg. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. . bsc. Below are the top 10 stablecoins by market cap as of March 31, 2023, and one of the most popular collateralized commodity stablecoins. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. 4. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. 12 July 2023, 18:55 GMT+0000. S. Beginner. Price Stability Formula. 05X times your total deposited amount. scalciaregt • 2 yr. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. ELEPHANT - Coingecko. Elephant Money Futures Vaults. ELEPHANT. Lastly, the third one. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. S. It is assumed most people are familiar with git, but specific recipes. 2:25. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . Unlimited NFT's. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . In light of this, transactions using bitcoin. Stablecoins aim to maintain their pegged rates using different means. The concept of coins like USDT is simple. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more.