, one unit of a dollar-pegged stablecoin may be equal to $1. Log In Sign Up. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. 93K Followers. S. USDC can be sent and received instantly through Circle or on. Tron founder Justin Sun announced the development in an open letter. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. 18 billion at the time of writing. They aim to offer all the benefits of. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. 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. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. 73mil in bonds which will require the system to pay out 3. 6%. For example, in the U. By Selena 04/13/22 10:42 PM. Stablecoins are a class of cryptocurrency that aims to provide price stability. ELEPHANT is Elephant. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Outside of those situations, stablecoins probably aren't a necessity. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. S. Beginner. TRUNK Deposits. dollar, whereby 1 USDD is always supposed to be equivalent to $1. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. 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. 8 billion — or 7. #2. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. TRUMPET. 58 billion and a 24-hour trading volume of 2. The crypto ecosystem is ever-evolving. You can see that with stampede, someone grew their account of 10k to 3. 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. Stablecoin values are pegged to the value of a given currency. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. Decrypt • Nov 22, 23. 1 comment. 56% daily. It generally isn't always stable. report. ELEPHANT is the other token for the protocol. Dollar (e. 2 million worth of Binance Coin. C. TRUNK COIN. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. The BlockSec ThunderForecast system detected an attack on Elephant Money. Key Points. S. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. dollar that doesn’t change much in value. Stablecoin. io partner to secure stable coin yield Elephant. The pilot transaction allowed Victor Smorgon Group, the investment company of Melbourne’s billionaire Smorgon family, to send $30 million to a digital asset fund manager, Zerocap, within 10 minutes. Stablecoins minimize typical cryptocurrency. Lists. Official Trackers. UST (Stablecoin) Luna (Floating rate) $20. 2130. The ELEPHANT. S. ”. 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. Back then the whitepaper referred to it as Mastercoin. news/post/e. This attack was carried out several times, and according to Elephant Money, a total of $11. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. 8 billion — or 7. There are three main classes of stablecoin: Cash-collateralized stablecoins. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. dollar — and issue the. Money is happy to confirm that we have officially partnered with InsurAce. 227. Elephant Money - Introducing the TRUNK Stablecoin. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . Stable Coin. 2 million in equivalent has been permanently lost. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. dollar. Circulating Supply. To guarantee a $1 peg per coin, fiat-backed stablecoins. S. 58 Karatgold Coin KBC $ 0. Yahoo - ELEPHANT. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. Liquidity Management (Stability) Launch & Initial Token Distribution. Unlocking Synthetic Derivatives With Chainlink Oracles. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 00. 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. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. Elephant. MONEY Is Now Listed on Bogged Finance and Coinbase WalletElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 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. Below are the top 10 stablecoins by market cap as of March 31, 2023, and one of the most popular collateralized commodity stablecoins. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. For example, if functioning correctly a stablecoin pegged to the U. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. The stablecoin is named TRUNK. Notifications. Scam News. dollar and backed "100% by Tether's reserves," according to its website. 52B, after an increase of 0. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. Palladium Coin. 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. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. 3 min read. Circulating Supply. ELEPHANT. 50. One of the most prominent examples of a stablecoin is Tether (USDT). It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. The total stablecoins market cap shrank by $29. ELEPHANT - Nomics. Since their all-time supply highs in November 2022 until Feb. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Suzxy •. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. That structure raises familiar risks. TRUMPET. MONEY implements a voluntary, sustainable, and permissionless global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. We make custom products you're super proud to. Reward credits are based on the bond float of Stampede. S. Jun 1, 2022 10:13AM EDT. 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. Stampede Perpetual Bonds. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 5% daily passive income on Elephant Money with their Stampede contract using Trunk TokenReferral Address0x3F9eB5f8D42C117C8a02c40Ce34C19F. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. The top 5 stablecoins in 2023 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). 00% in the last 24 hours. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 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. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. Any other chart, with any other token would be deemed a memecoin, with watchers standing on the sidelines waiting for the FOMO to stop, and the gut-churning Drop to start. All of these types of stablecoins are available on exchanges like Kraken. Tether (USDT) is the most widely used stablecoin and is pegged to the U. Some stablecoins are pegged to a fiat currency such as the U. 4. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. You. 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. 8 [![Build Status](. "," ",". Liquidity cost: low. ago. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. 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. Guaranteed redemption for $1 USD. What do you think about terrausd (UST) becoming the third-largest. Read more. 11 (€0. C$440. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Stablecoins have their limitations, depending on the. 2 million worth of Binance Coin. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. 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. hide. Stablecoins are backed by reserve assets such as the U. Today it reached a high of $0. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 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. io to mitigate smart contract risk. dollar. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. S. % Rolls. 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. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. TRUMPET. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. dollar. 1. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. 36%) Domínio BTC: 44. 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. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. USD Coin (USDC) is a popular stablecoin that is pegged to the U. A stablecoin is a cryptocurrency just like Bitcoin or Ether. Tether tokens were designed by the BitFinex crypto exchange platform. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. This animal lives in Africa. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Log in or sign up to leave a comment. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. 55mil in 6 years and this doesn't even include all of the claims that user made. The main types of stablecoins are fiat-collateralized and crypto. Stablecoins, as the name suggests. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . ”5 However, there are noStablecoins aim to maintain a stable value through fiat currencies or other assets like gold. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. 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. Tether. 58 billion and their market. November 16, 2023 at 5:51 AM PST. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Money (TRUNK token). This doesn’t work for all stablecoins, especially those tied to the US dollar. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. Examples on the Binance Smart Chain are: BUSD; USDC; USDT; TRUNK. S. . 0 TRUNK to 44,156 BUSD . Rare coin and precious metals dealer. 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. This comprehensive system provides users with opportunities for yield. . The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. 10, 2023, a combined $9. The most popular stablecoins today use a centralized model and back new token issues with fiat currency at a one-to-one ratio. There are four basic types of stablecoins: 1. Projects currently included in the COIN-OR Optimization Suite are listed below. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Elephant Money Stable (TRUNK) Services. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. The total stablecoins market cap started the year at $167. The main types of stablecoins include fiat-backed. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. W hitepaper - ELEPHANT. Trunk is your main source. 5% reward on deposit & rolls by setting up a. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. So this is like 20 steps but since it’s polygon it’s cheap to do. Fiat-Backed Stablecoins. It is designed to find (local) solutions of mathematical optimization problems of the form. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. Unlimited NFT's. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. Make Sense? Highest rate I have seen is elephant. dollar. Unlimited NFT's. Price remains stable because if you can buy the coin for less than $1, you can go and exchange it with the issuer for $1 and vice versa. Real priced commodities like real estate, gold,. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Binance stablecoin withdrawal fees, which usually range from US$0. 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. 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. news/post/e. Stable Coin. The trunk (torso) is the central part of the body to which the head and the limbs are attached. Elephant Money Farms. The recent crash of Terra’s Luna and algorithmic UST stablecoin sent seismic shocks through the crypto community, leaving many to question which. C$20. Step 2 — Consolidate and compound. S. What is Bertha & Why Is It So Important To The Elephant Money Ecosystem? What Is The Graveyard?This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. The algorithm sets the rules for balancing the supply and demand of the stablecoin. 1. Stablecoins are a type of cryptocurrency linked to an asset like the U. 2:25. Use the Reserve to mint Elephant Money Stable (TRUNK). In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. These tokens are intended to function with stability, as their name implies. Posted by 27 days ago. Elephant Money Stable (TRUNK) Services. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. 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. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. dollar. B USD or BinanceUSD was launched on September 5th of 2019. TRUMPET - How It Works. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. On November 25, 2020, UST had a circulating supply of 13. Currently 69% APR . An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. Elephant Money Stable (TRUNK) Circulating Supply. 2 million worth of Binance Coin. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. 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. Operating primarily on the BNB Chain, it’s a fresh contender in the market. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Summary. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. S. 2 million worth of Binance Coin. It has faced controversies in the past. Posted by 27 days ago. The price of TRUNK COIN has risen by 100. Calculate between Elephant Money Stable and US Dollars. You must be familiar with ERC-20 smart contracts and their functionalities. The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. Partially collateralized stable coin that captures value by being backed by a reserve of assets. The 2007-08. Both collateral assets are securely stored in treasuries. ”. 0 TRUNK to 44,156 BUSD . The declining market caps of these stablecoins confirm this. Sharkz Coins, Victoria, British Columbia. 5M and its 24h trading volume is $85K. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Stampede Perpetual Bonds. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 73mil in bonds which will require the system to pay out 3. Elephant Money Stable (TRUNK) Services. 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. 1 comment. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Elephant Money Futures Vaults. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. money trunk stable coin on BSC. Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency, but they haven't always been as stable as the name promises. ELEPHANT. 00 Diamond Platform Token DPT $ 0. . When 1 UST is less than $1. This means, by purchasing the stablecoin, that the trader is essentially holding gold. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. However, you should note that neither of these coins is backed by the United States government like the dollar. Photo: Pixabay. dollar. Lastly, the third one. The documentation consists of the following pages: Overview. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. This “peg” ensures a stablecoin stably expresses the value of its associated external asset, which in the vast majority of cases is a major fiat currency issued by a central bank. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. 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. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. g. Official Trackers. Unlimited NFT's. dollar. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. Sooke, BC. We update our TRO to USD price in real-time. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. 55mil trunk over the next year. S. By Selena 04/13/22 10:42 PM. In most cases, a stablecoin fixes its rate on a one-to-one basis. 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. 727 likes · 4 talking about this. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. . Also, the reward token of DOGS will likely fall in value once stakers reach their 90 day reduction in taxes down from 90% to the minimum 6%, allowing the speculators to sell DOGS with less tax. 2 million coins and since then, the UST supply has increased by 132,504%. Unlimited NFT's. MONEY implements an open global economic engine for stable coin yield. Both collateral assets are securely stored in treasuries. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. ELEPHANT - Live Coin Watch. These rates are at the low end when it comes to the crypto exchange industry. 14 Digix Gold Token DGX $ 51. Definition. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Elephant money is a true deflationary coin that will see a supply shock, mooning this token. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. io to mitigate smart contract risk. . TRUMPET - How It Works. Dollars and short-term U. It is assumed most people are familiar with git, but specific recipes. 23% of stablecoins — were. 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. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others).