Stablecoins have their limitations, depending on the. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. You will always earn 2. “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. Back then the whitepaper referred to it as Mastercoin. It is designed to find (local) solutions of mathematical optimization problems of the form. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. scalciaregt • 2 yr. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. Below is a list of the top five stablecoins we have identified that each have their own unique characteristics and all are supported by Trust Wallet. TRUMPET. Stablecoins aim to maintain their pegged rates using different means. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Projects currently included in the COIN-OR Optimization Suite are listed below. Elephant Money Farms. 73mil in bonds which will require the system to pay out 3. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U. It is a fiat-collateralized stablecoin. Elephant Money Farms. USD Coin is backed by reserves held in financial institutions. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Elephant Money Futures Vaults. g. These rates are at the low end when it comes to the crypto exchange industry. TRUNK is over-collateralized by BUSD with deep liquidity. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. W hitepaper - ELEPHANT. 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. Stampede Perpetual Bonds. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary additi. When redeeming TRUNK (1% Fee), there are 3 actions happening. These coins are kept stable through a computer program running a preset formula; hence, its name. S. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. The trunk (torso) is the central part of the body to which the head and the limbs are attached. dollar) or a commodity like gold. 7. 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. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. 01% in the last 24 hours. ELEPHANT is Elephant. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Currently 69% APR . 3. 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). The BlockSec ThunderForecast system detected an attack on Elephant Money. dollar, making them less volatile. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. TRUMPET. Crypto-collateralized stablecoins. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. That structure raises familiar risks. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. Unlike traditional cryptocurrencies. Name. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. ELEPHANT - CoinMarketCap. Unlimited NFT's. Coinpaprika. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. Liquidity Management (Stability) Launch & Initial Token Distribution. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. Fiat-Backed Stablecoins. The new stablecoin will also be available on Ethereum. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. The token is tied to the USD on a 1:1 ratio,. On November 25, 2020, UST had a circulating supply of 13. 5% reward on deposit & rolls by setting up a. 00% in the past 7 days. Next - Overview Elephant. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. S. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. 14 1irstGold 1GOLD $ 58. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 00 Diamond Platform Token DPT $ 0. 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. A ‘stable’ coin lost its peg over the weekend and pledged $1. 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. . Elephant Money Futures Vaults. There are four basic types of stablecoins: 1. The most popular stablecoins. Tether tokens were designed by the BitFinex crypto exchange platform. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Money is happy to confirm that we have officially partnered with InsurAce. Inaczej mówiąc, podobnie jak w przypadku kontraktów. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. 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. Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. 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). QiDao is currently incentivizing the protocol so you’ll get a weekly drop of Qi to sweeten the deal. Stablecoins can be backed by cash, cash equivalents, commodity. Elephant Money Stable (TRUNK) Services. 8 billion — or 7. Stablecoins are digital assets that are designed to maintain a stable price over time. 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. S. Step 4: Swap 34,244,200,239,512. . Unlocking Synthetic Derivatives With Chainlink Oracles. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. 2130. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Elephant Money Futures Vaults. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. USD Coin (USDC) is a popular stablecoin that is pegged to the U. ”. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. 13 Fantom USD FUSD $ 0. 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. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. Binance stablecoin withdrawal fees, which usually range from US$0. 1. In light of this, transactions using bitcoin. Log in or sign up to leave a comment. . It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. Stablecoins minimize typical cryptocurrency. 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. 100% Upvoted. Algo peg to the dollar. 55mil trunk over the next year. You must be familiar with ERC-20 smart contracts and their functionalities. 4. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. Most of those with large followings are tied to the U. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Elephant Money - Introducing the TRUNK Stablecoin. S. S. 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. S. 29 in January 2018. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. Yet, it’s already making waves with a market capitalization of 2. 4. 26. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). 68. S. $79. 69. Elephant Money Stable (TRUNK) Services. 56% daily. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. A stablecoin is cryptocurrency with a twist. S. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. 36%) Domínio BTC: 44. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. The. 1. 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. MONEY implements an open global economic engine for stable coin yield. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. 8 billion — or 7. 56% per day. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. Elephant Money Stable Coin price is $0. 28 Moremoney USD MONEY $ 1. It's picked up popularity as more crypto wallets, platforms and. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. "," ",". Trunk. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. Peg Support Strategy. Stablecoins are cryptocurrencies "pegged" to a fiat currency. ago. Real priced commodities like real estate, gold,. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. It. You. I like to take some more risk and higher yields. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Stablecoins can be backed by cash, cash equivalents, commodity. A guide to stable crypto money. Dexscreener Elephant/WBNB. S. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. Elephant Money Stable (TRUNK) Services. 206396. Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Stablecoins are a type of cryptocurrency linked to an asset like the U. Rank. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Some of the most popular stablecoins on the market are. 2 million worth of Binance Coin. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 10, 2023, a combined $9. The firm previously said USD Coin was backed 1:1. The concept of coins like USDT is simple. 75% in the last 24 hours. 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 crypto assets that aim to keep their price “pegged” to the market value of an external asset such as a fiat currency or commodity. 50. dollar or the euro. 2 min read. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . 12 July 2023, 18:55 GMT+0000. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. I've been earning 0. The stablecoin philosophy minimizes the roles of both central and commercial banks. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. ELEPHANT - Live Coin Watch. ELEPHANT - Coingecko. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. Suzxy •. However, algorithmic stablecoins, for now, feature as opportunities. Stablecoin to nic innego, jak rodzaj kryptowaluty, a konkretniej tokena płatniczego, którego wartość jest trwale powiązana z wartością określonej tradycyjnej waluty fiat (najczęściej dolara amerykańskiego, rzadziej euro) lub innego dobra np. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. 0 TRUNK to 44,156 BUSD . Tether (USDT) is the most widely used stablecoin and is pegged to the U. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. It is 100% immutable with no. 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. It generally isn't always stable. Notifications. 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. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Official Trackers. S. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. ”5 However, there are noStablecoins aim to maintain a stable value through fiat currencies or other assets like gold. 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. Minimum 30% interest on your dollar. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. The price of TRUNK COIN has risen by 100. Unlimited NFT's. — 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. The coin has seen massive expansion since its launch a few years ago. 80 to $1. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. By Selena 04/13/22 10:42 PM. The “international. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Count Withdrawn. 0000055761 BTC BC. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. % Rolls. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. 75% p. TRUMPET. Cryptocurrencies. “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. MONEY implements an open global economic engine for. Token Mechanics - Mint & Redeem. “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. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. To guarantee a $1 peg per coin, fiat-backed stablecoins. ELEPHANT - Live Coin Watch. C$440. Coins. 1. S. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. 9% inflation rate from 1960 to 2021. How two coins combined to hold one’s value steady. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. S. Elephant Money Stable Coin price is $0. Unlimited NFT's. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. USD Coin is a popular stablecoin pegged to the U. Both collateral assets are securely stored in treasuries. U. 18 billion at the time of writing. ”. Staking TRUNK; TRUNK is the stablecoin of the protocol. Elephant. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. dollar that doesn’t change much in value. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. With policymakers looking to coordinate a policy. By far the most common denomination of stablecoin is the US Dollar. If PATH is omitted, the basename of the URL will be used as the destination. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. io partner to secure stable coin yield Elephant. S. 14 Digix Gold Token DGX $ 51. Jun 1, 2022 10:13AM EDT. Stablecoins by Market Cap and Volume. A stablecoin is a crypto coin that should be worth $1. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. Notwithstanding their name, however, stablecoins can be very unstable: between May 1 and May 16, 2022, there was a run on stablecoins, with their circulation decreasing by 15. But there is one cryptocurrency that is designed to be the exact opposite. Official Trackers. Stablecoins Aim to Achieve Balance. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Stablecoins are cryptocurrencies without the volatility. There are three types of stablecoins: fiat-backed, crypto-backed, and algorithmic. S. 3 min read. Stable Coin SBC $ 1. Regarding fiat-backed assets, USDC. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. Scam News. hide. Read more. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. 2 million worth of Binance Coin. . Victoria, BC. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. 08 USD Bancor USDB $ 0. The $29. Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to adjust their supply based on demand. S. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. Stampede Perpetual Bonds. news/post/e. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. Elephant. 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. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. COIN-OR Developer's Guide. com Domínio BTC: 44. 1 comment. Unlimited NFT's. 9. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. ELEPHANT is used to generate yield for TRUNK and support the peg. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. 9. 1. This being the case, it is inevitable for modern-day innovations such as crypto to borrow traditional finance market concepts to advance the use of money. 4. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. ELEPHANT - Live Coin Watch. . When redeeming TRUNK (1% Fee), there are 3 actions happening. The notion of something called a stablecoin may strike some as an oxymoron. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. TRUMPET - How It Works. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. 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. TerraUSD has been pegged almost exactly to the dollar since its release, but on May 9 it crashed, and it is now worth just over $0. S. 2 million worth of Binance Coin. 23% of stablecoins — were. dollar. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. MONEY STABLE is a future-proof way to compound profits made across your portfolio. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. 206396 0. money trunk stable coin on BSC. Photo: Pixabay. This attack was carried out several times, and according to Elephant Money, a total of $11. ELEPHANT - Coingecko. Money (TRUNK token).