The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. S. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. The issuer builds their coin on a blockchain platform that supports smart contracts. This document is a guide to using Ipopt. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). 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. S. 2 million lost"Funds are safe, don't answer, don't sell"Elephant Money, a decentralized "yield farming" protocol on BNB Chain with native token ELEPHANT and stablecoin. Volatility in Ethereum severely affected Dai’s stability in 2020. Dollar or a real-world asset such as gold. Under the TRUST Act, a payment stablecoin is a convertible virtual currency that is designed to maintain a stable value relative to a fiat currency, such as the U. 0 TRUNK to 44,156 BUSD . Not all stablecoins use the same method to keep their value. Central banks are also exploring them as part of projects around digital currencies. 5% reward on deposit & rolls by setting up a. Step 4: Swap 34,244,200,239,512. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. TRUNK para calculadora USD, e muito mais em Coinpaprika. $79. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. For example, in the U. Stablecoins are a class of cryptocurrency that aims to provide price stability. 1. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. 2 million worth of Binance Coin. Scam News. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. ELEPHANT is used to generate yield for TRUNK and support the peg. 1. Elephant Money Stable Coin price is $0. In Elephant Money’s case, this is just the beginning of the Parabolic move. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. Managing Stability and Market Risks . złota, srebra czy ropy naftowej. Elephant. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Coinpaprika. Sharkz Coins, Victoria, British Columbia. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. While many of these projects use fiat to create their peg, the systems creating that peg can be different. Tether is investing $500 million to enter bitcoin mining, Bloomberg reported. 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. S. How The System Supports The Peg. Written by Crypto And DeFi. S. Stablecoins can be categorized on the bases of their working mechanisms: 1. Stablecoin. It is designed to find (local) solutions of mathematical optimization problems of the form. The coin, called TerraUSD, is designed to maintain its value at $1. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. For example, if functioning correctly a stablecoin pegged to the U. 23% of stablecoins — were. Token Mechanics - Mint & Redeem. Examples include tether (USDT), USD coin (USDC) and. 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. 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. ELEPHANT. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. S. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. ”. S. TRUMPET. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. 9. 9. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . So you have access to stable money that you can use on Ethereum. Stable coins enable us to bridge this gap between the stability of fiat currency versus cryptocurrency. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. ELEPHANT. 2 million worth of Binance Coin. Tether is another stablecoin option which I do not use t the moment. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. Enhancing the safety of the Libra payment system with a robust compliance framework. The stablecoin philosophy minimizes the roles of both central and commercial banks. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Guaranteed redemption for $1 USD. S. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. . Investors didn't want LUNA or UST. The company Circle had said its U. Its stable crypto coins are always at $1. 14 1irstGold 1GOLD $ 58. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. The opposite can be said about stable coins. 12 July 2023, 18:55 GMT+0000. 05X times your total deposited amount. S. dollar or gold. USD Coin is a popular stablecoin pegged to the U. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. The new stablecoin will also be available on Ethereum. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. ELEPHANT - CoinMarketCap. Well-known Fiat-collateralized Stablecoins. Lock in your gains. Crypto volatility, both long term and short. The end result after a year of higher highs, Elephant Money (in my. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. 10). The concept of coins like USDT is simple. S. We are working with our partners at Certik /InsurAce to investigate. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. dollar. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. This animal lives in Africa. 1%. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Elephant Money - Introducing the TRUNK Stablecoin. 05X times your total deposited amount. It generally isn't always stable. e. Coins. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. ”. 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. 2 min read. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. dollar. Staking TRUNK; TRUNK is the stablecoin of the protocol. In most cases, a stablecoin fixes its rate on a one-to-one basis. It has a circulating supply of 8,980,598,294 USTC coins and. U. 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 . A guide to stable crypto money. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Elephant Money Futures Vaults. Commodity-collateralized Stablecoins. This doesn’t work for all stablecoins, especially those tied to the US dollar. An algorithmic stablecoin is a cryptocurrency governed by algorithms (i. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Type of Stablecoin. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Use the Reserve to mint Elephant Money Stable (TRUNK). dollar. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Unlimited NFT's. 2130. 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. DRIP throws off 1%/day and has a cap of 100k DRIP. 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. Consider buying stablecoins for crypto transfers or if you want to lend crypto. Decrypt • Nov 22, 23. ELEPHANT - Nomics. It is a fiat-collateralized stablecoin. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. 2:25. TRUNK - Nomics. dollar should always be worth approximately $1. Working of Algorithmic Stablecoin. 00% in the last 24 hours. 4. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. 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. A ‘stable’ coin lost its peg over the weekend and pledged $1. Stampede Perpetual Bonds. g. 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. . Stable coins backed by cryptocurrencies are supported by a cryptocurrency. 2 million worth of Binance Coin. share. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. 75% in the last 24 hours. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. Lock in your gains. 96) to the dollar, tanking to a low as $0. By implementing this strategy. Suzxy •. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. 4. W hitepaper - ELEPHANT. That’s why they are MY best projects ;-)----Follow. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. Offering single-currency stablecoins in addition to the multi-currency coin. Binance USD (BUSD) Not to be outdone, crypto. This comprehensive system provides users with opportunities for yield. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. Money (TRUNK token). S. Check out our AI powered knowledge base Elephant MoneyELEPHANT. Each Tether token (USDT) is supposed to be “tethered” to one U. Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. 56% per day. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. scalciaregt • 2 yr. Log In Sign Up. But there is one cryptocurrency that is designed to be the exact opposite. S. TerraUSD (UST) is an algorithmic stablecoin pegged to the US Dollar running on the Terra ( LUNA ), Ethereum ( ETH ), and other blockchains. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. That is, the latter category of stable. 8 [ is currently ranked as the #22024 cryptocurrency by market cap. S. ELEPHANT is the other token for the protocol. Unlimited NFT's. Count Withdrawn. 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. and Europe, as well as a consumer flight to safety in the crypto. The Reasons, Risks and Types to Know. We make custom products you're super proud to. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . 4. Peg Support Strategy. 01 JPY Coin v1 JPYC $ 0. . A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. Trunk is a stable coin 1 Busd to 1 trunk ratio . Algo peg to the dollar. It will help the channel grow and proceeds will be given back to our community. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. Close. 4. Notifications. Both collateral assets are securely stored in treasuries. 52B, after an increase of 0. We are working with our partners at Certik /InsurAce to. You. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. 55mil in 6 years and this doesn't even include all of the claims that user made. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. By Selena 04/13/22 10:42 PM. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. Here’s an excerpt from the whitepaper: The Elephant. Stable Coin. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. Stablecoins have their limitations, depending on the. . Unlike traditional cryptocurrencies. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. By Ehis Ohiwerei. The declining market caps of these stablecoins confirm this. Trunk Staking & Stampede Bond. . 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. 15 June 2023. adobe. ELEPHANT - CoinMarketCap. Check out a working copy from a repository. S. Tether — USDT; TrustToken; TUSD. 1. dollar-pegged stable coin project dubbed Stronghold. Liquidity Management (Stability) Launch & Initial Token Distribution. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. TRUNK High Yield Savings. Elephant Money Farms. dollar. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. 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 . They can achieve this predictability by pegging their market value to an external reference point like a fiat currency (for example, Tether has pegged to the U. Unlimited NFT's. 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. 1. Some stablecoins are pegged to a fiat currency such as the U. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Installing Ipopt. Photo: Pixabay. 01% in the last 24 hours. Partially collateralized stable coin that captures value by being backed by a reserve of assets. 73mil in bonds which will require the system to pay out 3. A perceived drawback of cryptocurrency is price volatility. The stablecoin cryptocurrency system is grounded in a unique philosophy of what constitutes the best institutional arrangement for generating trust in money. The majority of the dozens of stablecoins that currently exist use the dollar. You can see it on the Canadian 5-cent coin. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. It is another popular fiat-backed stablecoin and is used on many exchanges. Coin Analizleri; Altcoin. Elephant Money Stable (TRUNK) Services. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. Thus, it is correct to forecast success in the fate of the asset. S. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. Unlocking Synthetic Derivatives With Chainlink Oracles. Fiat-collateralized stablecoins are the most common type and the simplest structure of stablecoins. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. When redeeming TRUNK (1% Fee), there are 3 actions happening. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. 8 billion — or 7. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. TRUMPET - How It Works. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. C$20. Beginner. 5M and its 24h trading volume is $85K. 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. TRUNK - Nomics. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. Definition. I’m then taking the income from DRIP and diversifying into the elephant ecosystem as a stable coin based strategy, using both TRUNK and STAMPEDE to further. 18 billion at the time of writing. The notion of something called a stablecoin may strike some as an oxymoron. S. S. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. Step 4: Swap 34,244,200,239,512. TRUMPET. We only do awesome! Canadian Veteran owned. 2. The crypto ecosystem is ever-evolving. Binance trading fees: maximum of 0. You. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. It is pegged to the U. 1 comment. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. 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. Pegging to fiat can be done by the value of the collateralized crypto asset. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. June 07, 2022. USD Coin (USDC) is a popular stablecoin that is pegged to the U. The total market capitalization of this coin has reached $32 billion. . Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. Cryptocurrencies. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Lock in your gains. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. TRUMPET.