"," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. S. Log in or sign up to leave a comment. 4 billion on January 31, 2023. TronDAO said in a tweet that it added $650 million of USDC to its reserve. I've been earning 0. It is assumed most people are familiar with git, but specific recipes are. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Money is happy to confirm that we have officially partnered with InsurAce. 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. S. S. ”. dollar, gold, or stock in a public company. The price increased by 100. The total stablecoins market cap started the year at $167. Stablecoins, as the name suggests. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. TRUNK Stake. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 58 billion and a 24-hour trading volume of 2. Step 4: Swap 34,244,200,239,512. Operating primarily on the BNB Chain, it’s a fresh contender in the market. How stablecoins work. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. Stablecoins can be backed by cash, cash equivalents, commodity. Cryptocurrencies. Their value is fixed, usually on a 1:1 basis with the U. 01 DigixDAO DGD $ 36. “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. S. Coin Analizleri; Altcoin. Both collateral assets are securely stored in treasuries. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. Stable Coin. S. C$440. And with stable coins I use Elephant. 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. 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. 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. Read more. Stablecoins are backed by reserve assets such as the U. Traded on: Binance, CoinSpot, BitFinex, Kraken. We only do awesome! Canadian Veteran owned. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. It is a fiat-collateralized stablecoin. For example, if functioning correctly, a stablecoin pegged to the US dollar or. It was launched and issued by the Centre. 5%. Stampede bonding trunk you get 205% and daily compo. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . Release is a one-to-many association with trunk. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Name. ELEPHANT - CoinMarketCap. The BlockSec ThunderForecast system detected an attack on Elephant Money. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. Inaczej mówiąc, podobnie jak w przypadku kontraktów. 10). . So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. Consider buying stablecoins for crypto transfers or if you want to lend crypto. 55mil trunk over the next year. Secondly, Tether's market capitalization recently. 1. 2. If you bond 10k trunk and claim 1 day, compound 1 day, etc. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. Dexscreener Elephant/WBNB. TRUNK is over-collateralized by BUSD with deep liquidity. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. 66 billion to the present $129. Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. com. S. Trunk is the elephant money’s stable coin. Stampede throws off only 0. 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. IDR/USD exchange rate. The total stablecoins market cap shrank by $29. 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. ELEPHANT. Jun 1, 2022 10:13AM EDT. Token Holder Distribution. All of these types of stablecoins are available on exchanges like Kraken. Stable Coin SBC $ 1. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. . S. Algo peg to the dollar. 00 Diamond Platform Token DPT $ 0. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. Not all stablecoins use the same method to keep their value. Stablecoin values are pegged to the value of a given currency. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. There are four basic types of stablecoins: 1. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. TRUNK deposits can be redeemed anytime. June 07, 2022. S. Fiat currency digital asset is the most popular use case for stablecoins. The stablecoin allows investors for easier and anonymous. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. The Stablecoins market cap is currently $ 126. scalciaregt • 2 yr. Make Sense? Highest rate I have seen is elephant. S. bsc. dollar, making them less volatile. Money and InsurAce. Stablecoins are a class of cryptocurrency that aims to provide price stability. Stablecoins sometimes lose parity with the asset to which they’re pegged. 4. dollar-pegged stable coin project dubbed Stronghold. This document is a guide to using Ipopt. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. S. ELEPHANT is the other token for the protocol. 75% in the last 24 hours. Each Tether token (USDT) is supposed to be “tethered” to one U. With policymakers looking to coordinate a policy. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. It. bsc. In light of this, transactions using bitcoin. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. 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. 2 million worth of Binance Coin. Working of Algorithmic Stablecoin. Though they're less turbulent than other cryptocurrencies, there are still risks to. S. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. report. Unlike cryptocurrencies like Bitcoin, their prices remain steady. Trunk is a stable coin 1 Busd to 1 trunk ratio . You. TRUNK Rolled. 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. Circulating Supply. 0 TRUNK to 44,156 BUSD . Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. On May 9, 2022, UST's price plummeted to as low as $0. The torso muscles attach to the. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. Its stable crypto coins are always at $1. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. C$20. io to mitigate smart contract risk. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. dollar that doesn’t change much in value. So far, the main use case for algorithmic stablecoins has been speculative trading. We would like to show you a description here but the site won’t allow us. S. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. 85 at one point late Monday. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. 100% Upvoted. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. U. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. D. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . 2 million worth of Binance Coin. TerraClassicUSD is up 0. When 1 UST is less than $1. S. Bitcoin, the bellwether for the crypto market, took a beating this week. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. TRUMPET. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. There are three main classes of stablecoin: Cash-collateralized stablecoins. Frequently Asked Questions. Since their all-time supply highs in November 2022 until Feb. Rare coin and precious metals dealer. 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. Coins Of Canada, Victoria, British Columbia. 68. 8M BUSD to H1, 64,450B. USDC can be sent and received instantly through Circle or on. Elephant. money trunk stable coin on BSC. ELEPHANT is used to generate yield for TRUNK and support the peg. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. 5 billion in Bitcoin trying to stabilize. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. 2 min read. Unique. Guaranteed redemption for $1 USD. Each Dai token is backed by 62% USDC and 29% ETH. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. ELEPHANT. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Well-known Fiat-collateralized Stablecoins. Elephant Money is…The Elephant. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. Stablecoins were designed to address this issue, ensuring a stable value over time. Step 4: Swap 34,244,200,239,512. Its sister coin Luna was worth more than $80 (€76. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Price Stability Formula. The Reasons, Risks and Types to Know. The main reason to buy and hold stablecoins. Unlimited NFT's. 1 comment. 5. Elephant Money Stable Coin price is $0. 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. By far the most common denomination of stablecoin is the US Dollar. Decrypt • Nov 22, 23. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). news/post/e. Stablecoin. TRUNK is over-collateralized by BUSD with deep liquidity. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. TRUNK is over-collateralized by BUSD with deep liquidity. 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. High Yield with Zero Fees / Taxes. 2. 0 TRUNK to 44,156 BUSD . Lastly, the third one. save. Elephant Money Stable (TRUNK) Services. ~Cryptozoa. ELEPHANT - CoinMarketCap. A guide to stable crypto money. 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. 760000% in the last 24 hours. save. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Trumpet Features. share. The system keeps track of the total quantity of stable-coins in circulation. 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. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. The 2007-08. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. , one unit of a dollar-pegged stablecoin may be equal to $1. Stablecoins aim to maintain their pegged rates using different means. USD Coin, which is also tied to the U. 05% bonus on every deposit and compound you can do so by becoming my partne. One of the most prominent examples of a stablecoin is Tether (USDT). MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. USD Coin (USDC) is a popular stablecoin that is pegged to the U. 9 billion on January 1, 2022, and ended off at $138. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. But there is one cryptocurrency that is designed to be the exact opposite. The “international. Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announces that hackers stole $11. If multiple URLs are given, each will be checked out into a subdirectory of PATH, with the name of the subdirectory being the basename of. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. USDT, or Tether Limited, was conceived of in January 2012. W hitepaper - ELEPHANT. 1. News; Prices;. Binance trading fees: maximum of 0. Stablecoins aim to maintain their pegged rates using different means. Elephant Money Stable (TRUNK) Services. 00% in the past 7 days. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. Stampede Perpetual Bonds. Here’s an excerpt from the whitepaper: The Elephant. It is assumed most people are familiar with git, but specific recipes. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. A Monday report from the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation and the Office of the Comptroller of. The algorithm controls the coin’s demand and supply, which are dictated by. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. a. It has a market cap of over $42 billion dollars and almost 1. TRUNK has never. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. If a stablecoin’s owner wants to cash out the coin, the real money can. This means that a single unit of a stablecoin is worth exactly one dollar at all times. 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. Check out our AI powered knowledge base Elephant MoneyELEPHANT. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. By Ehis Ohiwerei. Elephant Money Stable (TRUNK) Services. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. November 16, 2023 at 5:51 AM PST. It is designed to find (local) solutions of mathematical optimization problems of the form. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Stampede Perpetual Bonds. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Money and InsurAce. 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. S. In light of this, transactions using bitcoin. 100% Upvoted. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. dollar should always be worth approximately $1. The algorithm sets the rules for balancing the supply and demand of the stablecoin. Fundamentally, backing the coin with less volatile traditional assets like USD or Gold makes it more stable, thus providing a safer alternative for all the players in the crypto ecosystem. Suzxy •. ELEPHANT - Coingecko. Like many. 29 in January 2018. Which is easy for people to understand. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. Lock in your gains. Unlimited NFT's. hide. 727 likes · 4 talking about this. Peg Support Strategy. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Dollar or a real-world asset such as gold. . The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. Projects currently included in the COIN-OR Optimization Suite are listed below. 1942 Tombac nickel - King George III. Microsoft: These hackers are using a simple trick to hide their Windows malware | ZDNet Liam Tung is a full-time freelance technology journalist who writes for several Australian publications. 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). 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. S. . It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. The crypto ecosystem is ever-evolving. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U. TRUNK para calculadora USD, e muito mais em Coinpaprika. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. TRUNK's market cap is $7. report. USDC has recently grown in market share—helped by its. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Stable currencies are more useful as a store of value and medium of exchange. Description. The main types of stablecoins are fiat-collateralized and crypto. 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. 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. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. Below are the top 10 stablecoins by market cap as of March 31, 2023, and one of the most popular collateralized commodity stablecoins. Stablecoins can be categorized on the bases of their working mechanisms: 1. 2 million in equivalent has been permanently lost. Both collateral assets are securely stored in. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Except for the brain, the trunk houses all the vital organs of the human body. That structure raises familiar risks. The coin has seen massive expansion since its launch a few years ago. This enables on-chain access to tokens that are purpose-built for stability in a market known for its volatility. 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. 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). 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. It is collateralized against 75% BUSD and 25% ELEPHANT. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. 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. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. 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. Relative to fiat currency, stablecoins come with a handful of benefits: Accessibility: Stablecoins are globally accessible to anyone with an internet connection and are functional 24/7. 73mil in bonds which will require the system to pay out 3. Today it reached a high of $0. 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. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. e. 75% p. Stablecoins are cryptocurrencies without the volatility. For example, in the U. 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. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Use the Reserve to mint Elephant Money Stable (TRUNK). A stablecoin is a cryptocurrency just like Bitcoin or Ether. S. 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). You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. TRUMPET. A stablecoin is cryptocurrency with a twist. Tether is owned by iFinex, the Hong Kong-registered. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. 10, 2023, a combined $9. Summary. Scam News. If the price of the stablecoin starts veering up or down from the value of the asset it is pegged to, then the supply of the stablecoin can be adjusted to get the price back to where it should be. Both collateral assets are securely stored in. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U.