We make custom products you're super proud to. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. ELEPHANT - Coingecko. Price Stability Formula. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. 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. 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. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. S. While the information is valuable, it may be hard to digest for those. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. dollar. 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. The price of TRUNK COIN has risen by 100. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. You will always earn 2. TRUMPET. Read more. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. The “international. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. Reason: Removes TRUNK from circulation. Maximum APY you can get is 8. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. 08 USD Bancor USDB $ 0. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. In light of this, transactions using bitcoin. 5 billion contraction represents a 17. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. By implementing this strategy. It's picked up popularity as more crypto wallets, platforms and. S. It is designed to find (local) solutions of mathematical optimization problems of the form. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. Check out a working copy from a repository. . Minimum 30% interest on your dollar. Coins. TRUNK is over-collateralized by BUSD with deep liquidity. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. S. Log in or sign up to leave a comment. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. 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 . 14 billion. How stablecoins work. TRUNK - Nomics. MONEY STABLE is a future-proof way to compound profits made across your portfolio. The majority of the dozens of stablecoins that currently exist use the dollar. ELEPHANT is Elephant. USDC can be sent and received instantly through Circle or on. Unlike cryptocurrencies like Bitcoin, their prices remain steady. 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. Crypto was meant to unseat the financial giants. Examples on the Binance Smart Chain are: BUSD; USDC; USDT; TRUNK. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. ELEPHANT. ELEPHANT - Live Coin Watch. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. TerraClassicUSD is up 0. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. Gold and silver are the most popular commodities kept as the underlying collateral. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. ELEPHANT - Nomics. S. To guarantee a $1 peg per coin, fiat-backed stablecoins. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. 1. ”. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. In light of this, transactions using bitcoin. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. hide. By Selena 04/13/22 10:42 PM. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. dollar. Tether. 4. amount of outstanding coins. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . 05% bonus on every deposit and compound you can do so by becoming my partne. Fiat currency digital asset is the most popular use case for stablecoins. Stable Coin SBC $ 1. 0 coins. 36%) Domínio BTC: 44. scalciaregt • 2 yr. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. We are working with our partners at Certik /InsurAce to. Unlimited NFT's. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Rank. Stampede deposit is locked and drips out a percentage daily. 2130. com. This animal lives in Africa. Key Highlights. Algo peg to the dollar. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. Stablecoins are cryptocurrencies "pegged" to a fiat currency. The most commonly used and referred to stable coins are those that are pegged to one U. 2:25. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Notifications. ELEPHANT - CoinMarketCap. ELEPHANT. Elephant Money - Introducing the TRUNK Stablecoin. Written by Crypto And DeFi. By Ehis Ohiwerei. The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. Elephant Money - Introducing the TRUNK Stablecoin. This comprehensive system provides users with opportunities for yield. Like many. While the IT titan isn’t new to the world of crypto, stable. Stable Coin. The trunk (torso) is the central part of the body to which the head and the limbs are attached. dollar. S. ELEPHANT - Live Coin Watch. A stablecoin is a crypto coin that should be worth $1. This means that a single unit of a stablecoin is worth exactly one dollar at all times. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. Fiat-Backed Stablecoins. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. dollar. I think this is known as the "Unstable trunk, stable branch" philosophy. 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. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. news/post/e. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. These tokens are intended to function with stability, as their name implies. Enhancing the safety of the Libra payment system with a robust compliance framework. 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. S. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . 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. Use the Reserve to mint Elephant Money Stable (TRUNK). Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. S. Trumpet Features. TRUNK is over-collateralized by BUSD with deep liquidity. Unique. at the end of year 5, you will have 1. TRUMPET. Step 2 — Consolidate and compound. 8M BUSD to H1, 64,450B. Unlimited NFT's. For example, in the U. 206396. 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. Stablecoins are cryptocurrencies without the volatility. dollar. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. ”. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Liquidity cost: low. S. Examples include tether (USDT), USD coin (USDC) and. Stampede Perpetual Bonds. 1 comment. Consider buying stablecoins for crypto transfers or if you want to lend crypto. 2,848 likes. This doesn’t work for all stablecoins, especially those tied to the US dollar. S. It is pegged to the U. In most cases, a stablecoin fixes its rate on a one-to-one basis. I've been earning 0. — 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. 752 Trunk. Count Withdrawn. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. Stable coins that are backed by assets other than cryptocurrencies or cash are known as asset-backed stable coins. TRUNK is over-collateralized by BUSD with deep liquidity. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. Use the Reserve to mint Elephant Money Stable (TRUNK). They aim to offer all the benefits of. TronDAO said in a tweet that it added $650 million of USDC to its reserve. Key Points. 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. dollar, making them less volatile. S. Which is easy for people to understand. ”. io to mitigate smart contract risk. Use the Reserve to mint Elephant Money Stable (TRUNK). – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. 13 Fantom USD FUSD $ 0. ELEPHANT - Nomics. 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. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. USDC has recently grown in market share—helped by its. . Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Stampede throws off only 0. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. There are three main classes of stablecoin: Cash-collateralized stablecoins. . Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and…Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. Treasurys. Regarding fiat-backed assets, USDC. . Elephant Money Stable Coin price is $0. ELEPHANT is used to generate yield for TRUNK and support the peg. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. Elephant Money Farms. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. dollar that doesn’t change much in value. Central banks are also exploring them as part of projects around digital currencies. Most of those with large followings are tied to the U. 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. Check answer Show a letter Show answer. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. hide. 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. Cosmos-based. TRUMPET - How It Works. Lock in your gains. The documentation consists of the following pages: Overview. Guaranteed redemption for $1 USD. Stablecoins are designed to maintain a relatively stable price so that users can avoid the volatility risks common in the crypto markets. This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. 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. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. Elephant Money Farms. We update our TRO to USD price in real-time. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. Check out our AI powered knowledge base Elephant Money TRUNK is the best collateralized stable coin yet (75% BUSD, 25% Elephant Token) which solves the issues found in failed algorithmic stable coins $BDO, and $TITAN because they were pegged. The main types of stablecoins include fiat-backed. 56% per day. ELEPHANT. 2 million in equivalent has been lost permanently. This attack was carried out several times, and according to Elephant Money, a total of $11. It might as well define the next era of monetary ecosystems, which will probably be decentralized. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. Binance USD (BUSD) Not to be outdone, crypto. 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. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. io partner to secure stable coin yield Elephant. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Log In Sign Up. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. 69. , one troy ounce of gold) and be collateralized by that commodity or a combination of that commodity and other collateral in an amount equal to the face amount of outstanding coins. S. 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. Stable currencies are more useful as a store of value and medium of exchange. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. 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. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. A guide to stable crypto money. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. 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. TRUMPET. Elephant Money - Introducing the TRUNK Stablecoin. Though they're less turbulent than other cryptocurrencies, there are still risks to. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. For the majority of the time since the exploit expenses were covered out of the foundersElephant Cash, a decentralized “yield farming” mechanism on the BNB Chain that makes use of the native token ELEPHANT andThis document is a guide to using Ipopt. Thus, it is correct to forecast success in the fate of the asset. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. Trunk is a stable coin 1 Busd to 1 trunk ratio . MONEY implements an open global economic engine for. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. With trunk, you are able to compound your earnings when you stake your trunk. 11 (€0. 5M and its 24h trading volume is $85K. 96) to the dollar, tanking to a low as $0. Dexscreener Elephant/WBNB. S. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. S. Stampede Perpetual Bonds. Price Stability Formula. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. 23% of stablecoins — were. The notion of something called a stablecoin may strike some as an oxymoron. 2 million worth of Binance Coin. 1 comment. 10). These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. It is another popular fiat-backed stablecoin and is used on many exchanges. That’s why they are MY best projects ;-)----Follow. It is a fiat-collateralized stablecoin. Since their all-time supply highs in November 2022 until Feb. 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. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. 58 Karatgold Coin KBC $ 0. Today it reached a high of $0. 14 Digix Gold Token DGX $ 51. Each Dai token is backed by 62% USDC and 29% ETH. 0 TRUNK to 44,156 BUSD . Check the charts, TRUNK to USD calculator, and more on Coinpaprika. Make Sense? Highest rate I have seen is elephant. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. 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). stablecoin. S. Tether is owned by iFinex, the Hong Kong-registered. , one unit of a dollar-pegged stablecoin may be equal to $1. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Stablecoins aim to maintain their pegged rates using different means. Elephant. The recent crash of Terra’s Luna and algorithmic UST stablecoin sent seismic shocks through the crypto community, leaving many to question which. dollar. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. The $29. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. There are two primary means stablecoins achieve this stability, collateralization and algorithms. Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and… Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. It is designed to find (local) solutions of mathematical optimization problems of the form. 9. 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. The firm previously said USD Coin was backed 1:1. Stamp bonds are tied to your wallet and can be added to at any time. Offering single-currency stablecoins in addition to the multi-currency coin. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. 56% daily. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. By Ehis Ohiwerei. Trunk Staking & Stampede Bond. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. ELEPHANT is used to generate yield for TRUNK and support the peg. Close. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Name. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). Photo: Pixabay. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. 1. Stablecoins aim to maintain their pegged rates using different means. 25 billion but is widely distrusted by crypto exchanges and traders. invested in an owned account. dollar or the euro. This means, by purchasing the stablecoin, that the trader is essentially holding gold. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. It will help the channel grow and proceeds will be given back to our community. 05X times your total deposited amount. Shockenomics, derived from the words ‘shock’ and ‘economics,’ is when a Supply Shock meets a Demand Shock in regards to the valuation of cryptocurrencies. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. The token is tied to the USD on a 1:1 ratio,. In most cases, a stablecoin fixes its rate on a one-to-one basis. On July 17, IBM announced its involvement in a U. Anytime the price peg is threatened, the issuing. Money and InsurAce. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. Elephant Money Farms. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. UST (Stablecoin) Luna (Floating rate) $20. Stablecoins sometimes lose parity with the asset to which they’re pegged. Victoria, BC. USDT (TRC-20) is a U. In most cases, a stablecoin fixes its rate on a one-to-one basis.